Hot stocks | Three stocks that can give up to 12% return in 3-4 weeks

Episode 2056,   Dec 26, 2019, 02:29 AM

After scaling record highs last week, the Indian market began this week on a muted note ahead of Christmas and December month's future and options expiry.

Both the indices largely remained flat during Tuesday’s session, eventually ending negative due to profit-booking in stocks like Reliance Industries, HDFC twins, ICICI Bank and TCS.

On the derivative front, both call and put writers remained active during the week. On put side, 12,200 strike witnessed an addition of open interest while 12,300 call strike holds the maximum open interest of more than 36 lakh shares.

On the technical front, at the current juncture, the divergences on secondary oscillators suggest further consolidation as the overall market is trading in the highly overbought zone on daily and weekly intervals.