Stocks to Buy in Short Term: Riyank Arora Picks RIL, Tech Mahindra, and Infosys for Short-Term Gains
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Summary: Riyank Arora suggests purchasing RIL, Tech Mahindra, and Infosys for quick gains, indicating positive technical patterns and solid support levels.
Riyank Arora, a technical analyst at Mehta Equities, sees Reliance Industries, Tech Mahindra, and Infosys as promising short-term investments. These stocks, backed by strong technical indicators, are currently trading above critical support zones and might deliver significant gains in the near term.
Reliance Industries is showing positive momentum above ₹1,480–1,490. Arora recommends entering around ₹1,490, targeting ₹1,550, with a stop loss at ₹1,450.
Tech Mahindra has broken through its consolidation range and could rise to ₹1,650. Suggested entry is at current levels with a stop loss at ₹1,530.
Infosys is approaching a breakout point near ₹1,580. The suggested buy target is ₹1,650, with a stop loss at ₹1,540.
He also noted that the Nifty 50 is holding firm around the 25,000-25,100 support zone, and that a move over 25,200 might signify a new rally. Arora's choices are designed for short-term traders looking to capitalize on market momentum through well-defined entry and exit points.
