Jay Thakkar recommends three stocks for short-term trading

Investors are looking closely at the stock market as major indices like the Nifty 50 and Sensex continue to rise. On Wednesday, the Nifty 50 climbed by 0.4% to 22,925.35, while the Sensex increased by 0.28% to 75,514.17. Market sentiment remains upbeat despite uncertainties, particularly regarding the upcoming US Federal Reserve policy announcement. Jay Thakkar from ICICI Securities recommends three stocks for short-term trading. He suggests buying CDSL Futures, Kotak Mahindra Bank Futures, and Bajaj Finance Futures. Each of these stocks shows potential due to recent market activities. CDSL Futures should be bought at ₹1,139, with a stop loss set at ₹1,090. Thakkar believes CDSL will see short covering as the market improves. The stock has faced previous downturns but is gaining traction again. For Kotak Mahindra Bank Futures, Thakkar advises buying at ₹2,050 with a stop loss of ₹1,990. This stock has recently broken out of a long consolidation phase, which bodes well for future gains. Bajaj Finance Futures is another recommendation. Thakkar suggests buying at ₹8,852, with a stop loss at ₹8,650. This stock is at an all-time high and has shown strong performance amid recent market recovery. Overall, there is a cautious but positive outlook among analysts. Investors are advised to be patient as more clarity on market trends develops. Always consult with financial experts before making investment choices, as conditions can shift quickly.