The mood of the stock market is trying to improve. Today is the last trading session of the week, and SGX Nifty is up by more than 100 points, creating a positive gap-up opening. On Thursday, tremendous action was seen in Nifty, which increased by 140 points and closed at 25,898. The US market is also at a lifetime high. Yesterday, the Dow Jones Industrial Average (DJI) gained 646 points.
5 big triggers of today’s growth
US market at lifetime high: US market is on a rise. Yesterday, the Dow Jones Industrial Average (DJI) gained 646 points.
Conversation between PM Modi and Trump: The market expects positive talks between the two leaders on trade deal.
Positive updates on trade deal: The three-day meeting in Delhi ends today. However, CEA Nageswaran does not expect a deal before March. FII selling reduced: Yesterday, there was selling of ₹2021 crore in the cash market. There were net purchases of ₹1,025 crore (about $1.72 billion) in cash, index and stock futures.
DII buying continues: Domestic funds bought a record ₹3,796 crore (about $3.79 billion) for the 74th consecutive day. Mutual funds bought ₹29,911 crore (about $2.91 billion) in November, up 21% from October.
On Thursday, Nifty hit a low of 25,693 and recovered 229 points from the low to close at 25,898. Technically, Nifty is seeing resistance in 26,000 range and support in 25,700 range. However, due to increasing demand for dollar, the rupee fell by 41 paise yesterday and closed at 90.37. This is negative for the market.
The continuous decline in rupee is negative.
FII buying is necessary for bullishness.
Know, amidst all these factors, which stocks have been selected by the analysts under Zee Business’ special program TRADERS DIARY and what targets and stoplosses have been given for them.
shares of ansh bhilwad
cash
Buy Ola Electric – Target ₹42.5, SL ₹34
futures
Buy Dixon Technologies – Target ₹15,000, SL ₹12,100
options
Buy Kotak Bank 2300 calls – target ₹11, SL ₹1
techno
Buy Vodafone Idea – Target ₹13, SL ₹10.5
funda
Buy Kfin Tech – Target ₹1,210, SL ₹1,005
invest
Buy Natco Pharma – Target ₹1,055, SL ₹850
News
Buy GMDC – Target ₹515, SL ₹483
my choice
Buy Nuvama – Target ₹7,490, SL ₹7,100
Buy Shree Renuka – Target ₹30, SL ₹26.5
Buy Sona Comstar – Target ₹508, SL ₹471
my best
Dixon Technologies
Pooja Tripathi’s shares
cash
Buy Honasa Consumer – Target ₹262, SL ₹253
future
Buy Hind Zinc – Target ₹532, SL ₹516
option
Piramal Pharma Put 172 @ ₹3.84 – Target ₹8, SL ₹2
techno
Buy Niva Bupa – Target ₹78, SL ₹74
FUNDA
Buy L&T – Target ₹4,300, Duration 6 months
INVEST
Buy HDFC Bank – Target ₹1,200, Duration 12 months
NEWS
Buy NBC – Target ₹115, SL ₹106
MY CHOICE
Buy Astra Micro – Target ₹920, SL ₹893
Buy Cyient – Target ₹1,177, SL ₹1,140
Buy Tata Power – Target ₹387, SL ₹376
BEST PIC
Hind Zinc – Target ₹532, SL ₹516