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Kunal Bothra’s top 3 picks for the first trading day of 2022

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Rather than being pessimistic and expecting markets to return to a corrective phase, now is the time for investors who have either been betting on stocks this year, according to independent market analyst Kunal Bothra

What will be on your radar for the first trading session of 2022?

I see the end of 2021 as a change in sentiment towards stocks. 2017, 2018, 2019 have been terrible years when you look at the midcap space, because while the Nifty has gone up, the midcaps and portfolios of many investors have not performed very well.

We all know what hit the first half of 2020, then the markets were taken aback. But 2021 is where sentiment has improved quite sharply. It was a decent finish as on Friday we finally managed to get back into the green for both key indices as well as many individual sectors. But, the whole year has been full of positivity except for the last hiccups in the last few months.

Overall it has been a very, very good year for stocks. I feel like instead of being extremely pessimistic and hoping that the markets would return to a corrective phase, I think now is the time for many investors who have sat or who could be. would likely have recorded profits at higher levels and wanted to enter to start building a portfolio to bet on stocks.

Even though I think the markets are choppy right now, the next one to three months should be taken as a good time to try and build a decent portfolio to try and build positions in what I think could be a very strong bull market over the next three to five years. In the near term, we also expect some positivity for Bank Nifty. We expect an emergence of positivity to come in private sector banks.

In 2022, we could try to enter once again in a constructive mode, but I believe that the 2021 platform has already given us. I think it has a lot of potential in a longer term perspective rather than a very short term perspective.

What would be your specific recommendations for actions for January 3, 2022?
I will review three stock ideas and recommend them. The first is Vodafone Idea. The stock looks exceptionally strong and it ended 2021 on a much higher note for itself, so expect strong price-following action for the stock’s position targets of Rs 20 for the stop loss. could be traded harshly Rs 13.50. of the FMCG pack is also making a comeback. The indicators have given a breakout meaning that prices should also try to emulate a very similar type of action for themselves, so suggest a buy on HUL targets of Rs 2,550 stop loss at Rs 2,260. Motors is the third title that had been a big underperformance, but it comes back into an area of ​​fairly strong momentum on its own, still trading below the 200-day moving average. I think in the short term, the action can try to catch up very strongly. I would suggest a buy on Eicher Motors Rs 2,750 as a stop loss target Rs 2,500.

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