Best Stocks to Buy in India for Short Term in Sept 2021: Indian markets closed higher and made several records in the month of August. The positive economic data, in line with expectations of corporate earnings, and reopening of business were positive for the Indian markets in August. Whereas the market sometimes reacted negatively and upside remained capped due to weak global cues. Traders were worried about the Fed’s asset tapering news and surges in delta variants of covid-19 infections in western and several Asian countries.
The September month has also started with encouraged PMI data and mixed Auto sales numbers. The markets reacted positively to the GDP data on the first day of September month. The FIIs also turned buyers in the first three days of September. We feel markets would remain positive and will touch more new highs in the month of September.
Based on our optimistic assumption we have analyzed and found out three best stocks to buy in India for short term in Sept 2021. These stock recommendations are given below
3 Best Stocks to buy in India for Short Term in Sept 2021
Bharat Petroleum Corporation Ltd (BPCL) – CMP Rs 491.30 | Buy on CMP or on Dips | Target Rs 572
The first best stocks to buy in India for short term in Sept 2021 is from the Oil & Gas sector – BPCL. The share price of BPCL closed at Rs 491.30 per share on the last trading day, 3 Sept 2021. It has touched a 52 week high on 3 Sept at Rs 494 and a 52 week low at Rs 325. On a weekly basis, the BPCL share price has gained 4.24 percent and on monthly basis, it gained 7.47 percent.
The RSI of BPCL is at 72, according to the RSI analysis, it is technically strong and slightly in the overbought zone. The MACD is at 6 and the Signal Line is 3.28 also showing the scrip is technically sound and bullish. The BPCL share price is trading above all available EMA’s. The stock is in a strong uptrend and has major support levels at Rs 477- 474- 467
Stock Recommendations: As per our analysis after screening other parameters we feel BPCL is a strong buy stock. You can buy the stock at the current market price or on dips with a stop loss of Rs 474 for the target of Rs 516- 540- 572
Titan Company Ltd: CMP Rs 2019.30| Buy at CMP or Dips | Rs 2325
The second, best stock to buy in India for short term in Sept 2021 is Titan Company Ltd from the Gems, Jewellery & Watch Industry. The share price of Titan Company Ltd closed at Rs 2019.30 last Friday, 3 Sept 2021. The share price on Friday has touched a 52-weeks high at Rs 2024.40. It has touched a 52-weeks low at Rs 1076. On a weekly basis, Titan Company Ltd’s share price gained 10.8 percent and 12.21 percent on a monthly basis.
The RSI of Titan’s shares is 78 indicates the stock is slightly in an overbought zone. The MACD line is at 50 and Signal Line 36, according to the MACD analysis, the share price is bullish and technically strong. The stock is trading above all available EMA’s. Titan Company Ltd is in a strong uptrend and has a major support level at Rs 1949- 1931-1916.
Stock Recommendations: After screening other parameters we feel that Titan Company Ltd is a strong buy stock. You can buy the stock at the current market price or on dips near 1960 levels with a stop loss of Rs 1931 for the target of Rs 2175- 2325 for short to medium terms views.
Godrej Consumer Products: CMP Rs 1119.35 | Buy at CMP or Dips | Target 1320
Our third stock to buy in India for short term in Sept 2021 is Godrej Consumer Products Ltd from the FMCG sector. The share price of Godrej Consumer Products Ltd closed at Rs 1119.35 per share on Friday, 3 Sept 2021. On Friday, the share price of Godrej Consumer has touched a 52-weeks high at Rs 1135.50. It has touched a 52-weeks low at Rs 646.15. On a weekly basis, the Godrej Consumer share price gained 6.20 percent. On a monthly basis, it was up by 13.19 percent.
Technically, RSI is at 77, according to RSI analysis, it is slightly in the overbought zone. MACD is at 38 and Signal Line is 27, this is a bullish and positive signal. The share price of Godrej Consumer has got above its all available exponential moving average is a positive sign for the counter. According to the exponential moving average analysis, Godrej Consumer is in a strong uptrend. It has a major support level at Rs 1077- 1063- 1047
Stock Recommendations: After screening other parameters we feel that Godrej Consumer Ltd is a strong buy stock. You can buy the stock at the current market price or on dips with a stop loss of Rs 1063 for the target of Rs 1193- 1247- 1320
Also read, 5 Best Stock Market Books- Beginners Must Read in 2021
Share Market Books in Hindi | शेयर मार्किट हिन्दी बुक्स
Best Options Trading Books in India-Must Read 2021
If you like the post please share it with your friends and others
Happy Investing!
Editor’s Desk
Disclaimer-
Nifty50Stocks.com has taken due care and caution to compile the data for its Website. The views and investment tips expressed by investment experts on Nifty50Stocks.com are their own and for educational purposes. Nifty50Stocks.com is not SEBI registered Advisors. Nifty50stocks.com advises its users to check with certified and SEBI registered experts before taking any investment decision. However, Nifty50Stocks.com does not guarantee the accuracy, adequacy, or completeness of any information. Nifty50stocks.com is not responsible for any errors or omissions or the results obtained from the use of such information. Nifty50Stocks.com especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.