Anil Singhvi recommends these 2 high-potential stocks to watch today – key targets and stop losses inside

Amidst a cautionary trading session entailing pressure to be in the market, discerning money managers are searching for opportunities to take advantage of short-term market moves. Market Guru Anil Singhvi believes that there are two stocks that could provide good trade opportunities. Nifty below 24,800, limited big moves, and Singhvi’s recommendations based upon stocks that demonstrate strong technical signals and supportive fundamental knowledge

ITC Futures –An Opportunity Buy and Key Levels 

Anil Singhvi recommends buying ITC futures as his first opportunity, and identifying major events coming up for its price. BAT (British American Tobacco) is expected to announce its sale of a 2.3 per cent stake, which is significant as BAT owns 20.3 per cent of ITC. This stake sale is important because the block deal can be valued approximately at Rs 11,000 crore. The floor price for the sale is Rs 400. Also, market watchers expect to observe the stock movement around the edge of this stake sale.

Adding weight to the pressure of ITC, there is also an expected ex-dividend of Rs 7.85 per share. Historically, ex-dividend dates tend to push stock prices down.

Aarti Industries – Intact Uptrend with Growth Catalysts 

The second stock Singhvi spotlights is Aarti Industries, which has a strong technical setup and encouraging growth prospects. The analyst suggests establishing a buy position in Aarti Futures with a stoploss at Rs 472 in the event of adverse moves. The first target price is Rs 485, to Rs 490, and finally Rs 500. The stock is in a strong uptrend, supported by strong fundamentals, and positive news, and the company is working on growth.
 
Recently, UBS – a global financial analyst – changed the rating of Aarti Industries from SELL to BUY with a target price of Rs 625. The firm predicts the company will be able to grow earnings at a compound annual growth rate of 25 per cent from FY25 to FY28, driven by new product launches and expansion plans in the key market of the USA. Singhvi’s technical view aligns with these fundamentals and is a stock to watch for traders looking for short-term trades.

In this unpredictable market environment, Anil Singhvi’s choices of ITC, and Aarti Industries provide a measured way for trades. Given the heightened level of volatility, these stocks are positioned for potential upside on the back of technical indicators, and upcoming corporate news. Traders/investors should be cautious of the levels and appropriate stoplosses to manage risk.

As always, it is important to keep current with market action and to trade with discipline. Singhvi’s trades are recommendations based on a combination of technical analysis and fundamentals. 

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