Anil Singhvi’s top three stock picks: Purchase or sell profits this week
The Indian stock market opened in Green on Monday, July 21, but quickly lost momentum in amid global clues and cautious sentiment. The Nifty 50 fell below the 24,900 level, with early trade down 90 points. Analysts point out that the market’s technical structure shows further shortcomings, with sectoral movements driven primarily by Q1 earnings.
Despite overall weaknesses, stock-specific actions remain in focus. Market expert Anil Singhvi recommends three transaction calls based on second-quarter fiscal earnings – ICICI Bank, AU Small Finance Bank and United Bank of India.
ICICI Bank: Anil Singhvi gives purchase phone number after strong Q1 results
Market Guru Anil Singhvi recommends buying ICICI bank futures, citing stable income and consistent fundamentals.
Stop loss: Rs 1,413
Target 1: Rs 1,440
Target 2: Rs 1,455
The bank reported healthy asset quality and stable net interest margin (NIMS) for Q1. ICICI Bank stocks have performed poorly over the past three months, making it a potential candidate for short-term upside potential.
AU Small Financial Bank: Profitable Booking Phone for Sale
Selling recommendations were made for AU Small Financial Bank Futures as revenue missed expectations in Q1.
Stop loss: Rs 804
Target 1: Rs 777
Target 2: Rs 768
Target 3: Rs 762
The bank reported that despite 35% of the gatherings in the past three months, Nimes reported lower than expected. Singhvi noted that the stock has performed well lately, with disappointing results likely triggering short-term profit bookings.
United Bank of India: Weaker revenue triggers sales calls
United Bank Futures was also placed on selling watches after disappointing first-quarter results in key indicators.
Stop loss: Rs 150
Target 1: Rs 142
Target 2: Rs 138
Banks provide weaker numbers on all performance parameters. Even if the stock acquires 16% of its shares in three months, Singhvi expects healthy corrections after a revenue mistake.
Market prospects: Opportunities to shift focus to specific stocks
While the wider market still has scope and is technically weak, traders are advised to focus on revenue-driven opportunities in Q1. Stocks such as ICICI Bank, AU Small Finance Bank and United Bank will focus on intraday and short-term trading.
