Stock Market Today: Bechmark Nifty -50 Index Positive motion It managed to end with 0.17% profit at 24,167.25 on Tuesday. Better than Bank Nifty performed better from 0.62 to 55,647.20, while Realty and FMCG benefited for other indices. IT and Oil and Gas Index were the major loses. Comprehensive index also ended with about half a percent profit
Business setup for Wednesday
NIFTY-50 Index will serve as major support areas for 24100 and 24000, while 24250–24350 can serve as major resistance areas for bulls. However, if the index falls below 24000, Srikanth Chauhan, Head Equity Research, Kotak Securities can change the feeling.
The bank will serve as a rigorous resistance for the Nifty 56,000, while 54,470 remains an important support area, as Hrishikesh Yedway, AVP Technical and Derivative Research in ASIT C. According to Mehta Investment Inter -Rides Limited.
Global market and Q4 results
We hope that the FII procurement and assistant RBI policies will be continued on the expectation of bilateral trade agreement between India and the US. While action will continue on the stock/sector front behind the Q4 Corporate Income. Like companies Lti mindtreeTata Consumer, Bajaj Housing, 360 A WAM will announce the result on Wednesday among others, Siddharth Khemka, Head – Research, Property Management, Motel Oswal Financial Services Limited
Stock to buy today
Sumit Bagadia, Executive Director of Choice Broking, has recommended two stock pics for today. Ganesh Dongre, senior manager of technical research at Anand Rathi, suggested three shares, while Shiju Kutupalakkal, Senior Manager – Technical Research, Technical Research at Prabhudas Lilader has given two stock pics.
Stock Pix of Sumit Bagadia
1. Mahindra and Mahindra Limited– Bagadia recommends buying Mahindra and Mahindra But 2817.1 Put on Stoploss 2718 for the target price of 3014
M & M is currently trading Performing 2817.1 and strong upward speed. On the daily chart, the formation of a rapid candlestick pattern supports a reversal from the lower levels, which reflects freshly faster emotion. Stock is trading comfortably above its 20-day, 50-day and 200-day exponential moving average (EMAs), which further strengthens the positive technical approach.
2. ITC Limited – Bagadia recommends buying ITC But 433.6 Put on Stoploss 418 for the target price of 464
ITC Ltd. Currently doing business Performing 433.6 and the demonstration of strong boom speed, as reflected by frequent formation of high high and high climbing – a sign of a strong trend reversal. The emergence of a strong rapid candlestick pattern on the daily chart further further confirms the possibility of a continuous uptrend. This positive emotion is supported by a significant increase in business versions, indicating increased purchases among market participants.
Ganesh Dongre’s stock to buy today
3. Hindustan Unilever Limited– Dongre recommends buying Hindustan Unilever Limited Ban on 2400 2370 for target price of 2460.
In recent short -term trend analysis of stocks, a remarkable and constant rapid pattern has surfaced. This technical pattern indicates the capacity of an extended retracement in the price of stock, which is likely to reach the target level of the rupee. 2460. The stock currently holds an important major support level in the rupee. 2370, which serves as a major marker for risk management.
4. Biocon Limited– Dongre recommends buying Biocon But Put 334 at stoploss 325 for target price of 348
In recent short -term trend analysis of stocks, a remarkable rapidly reversed pattern has surfaced. This technical pattern suggests the possibility of a temporary retracement in the price of stock, possibly reaching around Rs.48. Currently, in view of the current market value of stock Rs. This shows that investors can consider buying stocks at their current price, which is Rs. 348 expects a growth towards the identified target
5. Hague Limited– Dongre recommends buying Hung But 480 stoplaus 458 for the target price of 520.
In recent short -term trend analysis of stocks, currently stock is in oversold zone. Looking at the daily chart, a remarkable rapidly reversed pattern has surfaced. This technical pattern suggests the possibility of a temporary retracement at the price of stock, potentially reaching around 520. Currently, the stock is maintaining a significant support level at Rs.458. Given the current market value of Rs.480, a purchase opportunity is emerging. This shows that investors can consider buying stocks at their current price, which is Rs. There is a possibility of growth towards the identified targets of 20.
Shiju Kuthupalakkal’s Intrade Stock for today
6. Colgate Pamolive (India) Limited– Kothupalakkal recommends buying Colgate Pamolive But 2658 for target price of 2800 stop losses 2600
Stock has increased the minimum of 2330 levels near the level of 2330 and has moved from 50ma at the level of 2510 to improve prejudice and has currently strengthened the tendency to guess for further increase in sessions coming with the formation of a positive candle on the daily chart. RSI is well deployed and indicates growing strength that further has the ability to move forward with a positive step further. With the chart technically looking good, we suggest purchasing stocks for an inverted target of 2800, maintaining a 2600 level stop loss.
7. SJVN Limited– Kothupalakkal recommends buying SJVN at around 99 for target price of 105 stops restriction 97.50
The recent stock going above the 50ma has improved bias and currently with a positive speed, the candle has indicated a breakout over the descending channel on the daily chart to strengthen the trend for fresh upwards in the coming sessions and strengthen the trigger. The RSI is well placed with RSI and a positive tendency to indicate the recent purchase on the growth is indicated and the much more possible potentially visible visible, it can proceed with the forward positive step. With the chart technically looking attractive, we suggest purchasing stocks for a 105 -level inverted target while maintaining stop loss of 97.50 levels.
8. NTPC Limited– Kothupalakkal recommends buying NHPC But 89.88 for the target price of Keep 95 stop losses 88
Stock has improved the trend in the last one month and has currently proceeded to further strengthen the trend to move in 87 zones from the 200 period MA, significantly important with positive candle structures and may expect further increase in coming sessions. The RSI has indicated strength with a steady increase and has the ability ahead of the current rate. With the chart look good, we suggest purchasing stocks for the reverse target of 95 while maintaining 88 level stop losses.
Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.
