Right now bad news is coming from all sides in the market. America has again taken a tough stance against Iran. Due to this, a huge fall of 953 points was recorded in the Dow Jones Industrial Average (DJI) yesterday. Today, a decline of up to 1.5% is also being seen in the markets of Japan and Korea. GIFT Nifty is down 80 points, indicating a weak start to the market. Analysts Ansh Bhilwad and Pooja Tripathi have selected 10-10 stocks in this weak market environment. These stocks can provide trading opportunities today. Check out the target and stop-loss guidelines for these stocks.
5 important things for the market
GIFT Nifty dropped 80 points, indicating that the market will open with a red mark (down).
In Wednesday’s session, Nifty fell 27 points and closed at 23,215.
Due to increasing tensions with Iran, the price of crude oil again crossed $95.
Yesterday the US market witnessed a sharp decline, Dow Jones closed down 953 points.
Yesterday, FIIs sold Rs 2,125 crore in the cash market, while DIIs bought Rs 3,124 crore.
Also Read: Invest in these 4 semiconductor stocks for 6-8 months; Siddharth Sedani says prices will reach ₹12,625.
Ansh Bhilwad’s Selected Stocks
Category Share Name Action Target Stoploss CASH ABSL AMC Buy ₹1,170 ₹1,080 FUTURES Coal India Buy ₹466 ₹446 OPTIONS Hitachi Energy (Power India) 35,000 Call Buy ₹1,230 ₹372 TECHNO Coromandel Int Buy ₹1,978 ₹1,838 FUNDA Siemens Energy Buy ₹3,580 ₹3,370 IPL/INVEST GE Shipping Buy ₹1,530 ₹1,298 NEWS Hindalco Buy ₹1,080 ₹1,019 MY CHOICE GE Vernova Buy ₹5,207 ₹4,706 MY CHOICE JSW Energy Buy ₹582 ₹5
Pooja Tripathi’s selected stocks
Category Share Name Action Target/Period Stoploss CASH HONASA CONSUMER BUY ₹420 ₹407 FUTURE ONGC BUY ₹259 ₹248 OPTION HPCL 375 PE @ 12.15 BUY ₹30 ₹5 TECHNO OIL INDIA BUY ₹435 ₹422 FUNDA NTPC BUY 12 MONTHS — INVEST BHARTI AIRTEL BUY 12 MONTHS — NEWS BALRAMPUR CHINI BUY ₹548 ₹530 MY CHOICE SHREE RENUKA SUGARS BUY ₹23 ₹20 MY CHOICE ADANI PORTS BUY ₹1,857 ₹1,802 MY CHOICE MUTHOOT FINANCE SELL ₹2,840 ₹2,929
Understanding Trump is not only difficult, but also impossible.
His statements keep changing every hour, every day.
Yesterday they were talking about two days of trading.
And today, they started the attacks.
US data shows that Trump’s trading is in full swing.
Now, there is support and resistance to Trump’s statements. We have to keep an eye on these levels.
If you can’t change Trump, you’ll have to change your strategy.
Be prepared for high volatility.
Keep trading positions to a minimum.
Be sure to set a stop-loss.
Holding overnight positions is very risky; Keep these to a minimum.
Is Nifty still at the ‘make or break’ level?
The difference between April 7 (the day of ceasefire) and April 8 was very important for Nifty. Its high on April 7 was 23,153 and closing level was 23,123.
On June 3, Nifty closed at a low of 23,151.
On June 8, it closed at the closing level of April 7 at 23,123.
Nifty closed at both intraday and closing levels.
Now, closing below 23,000 may bring significant weakness.
Also read: You can earn up to 37% returns on these 5 stocks.