Trump said the response to Iran’s attack was limited and would not trigger a major war. This is a matter of relief for the market; GIFT Nifty jumped 110 points, indicating a good start. Signs of recovery are also visible in the Asian market. Which are the 20 stocks that analysts Ansh Bhilwar and Pooja Tripathi have picked for trading today.
Wednesday’s trading session was quite volatile. Iran first attacked ships passing through the Strait of Hormuz, after which the US responded strongly and finally Trump announced that the ceasefire was over and now the time for action had come. As a result, there was a huge fall in global markets including India yesterday. Nifty fell 516 points to close at 23,882.
**Market condition in 5 points**
GIFT Nifty up 110 points; signs of recovery today
Japan’s Nikkei up 2.5% and Korea’s KOSPI up 2%
Dow Jones down 576 points; Nasdaq up 52 points
Crude oil prices rose again, reaching $79
FIIs bought shares worth ₹1,962 crore; DIIs bought shares worth ₹790 crore
Market technical signals point towards big gains; Breaking important levels of Nifty can lead to huge fluctuations.
**Stocks selected by Ansh Bhilwar**
Category Action Share Name Target (Tgt) Stop Loss (SL) CASH Buy Leela Palaces ₹505 ₹469 FUTURES Sell Indigo ₹4,972 ₹5,203 OPTIONS Buy Phoenix Mills 2100 Call ₹60 ₹20 TECHNO Buy Nalco ₹370 ₹340 FUNDA Buy Dr Lal Path ₹1,785 ₹1,588 INVEST Buy Tata Steel ₹205 ₹180 NEWS Buy IRB Infra ₹21 ₹19.5 MY CHOICE Buy Dixon Tech ₹13,427 ₹12,744 MY CHOICE Buy Syrma Sgs ₹1,433 ₹13,32 MY CHOICE Buy Amber Enterprises ₹7,715 ₹7,2
**Stocks selected by Pooja Tripathi**
Category Action Share Name Target (Tgt) Stop Loss (SL) / Period CASH Buy SH Kelkar ₹132 ₹127 FUTURE Buy JSW Energy ₹550 ₹530 OPTION Buy ONGC 247 Call @ ₹5.8 ₹12 ₹2 TECHNO Buy Oil India ₹438 ₹425 FUNDA Buy India Hotels ₹800 6 Months (Period) INVEST Buy L&T ₹4,300 12 Months (Period) NEWS Buy Ventive Hospitality ₹626 ₹607 MY CHOICE Sell Manappuram ₹327 ₹335 MY CHOICE Sell Muthoot ₹3,022 ₹3,113 MY CHOICE Sell Hindustan Zinc ₹518 ₹535
**Immediate support for Nifty at 23,600**
HDFC Securities Technical Research Analyst Nagaraj Shetty saw a big change in the market after 2 pm due to increasing tension between America and Iran. The daily chart has become ‘Bearish’ (indicating a decline), due to which there is a possibility of further decline. Although the short-term trend of Nifty is negative, the medium to long-term trend remains positive. Immediate support for Nifty is at 23,600, while immediate resistance in case of a bounce-back is at 24,100. Vinod Nair, Head of Research, Geojit Investments Limited, said that due to the crisis in West Asia, crude oil prices have increased again, due to which the recent gains in the market have ended in one stroke. Concerns over inflation have risen again, leading to a rise in bond yields in domestic and international markets. The Volatility Index (India VIX) has increased by 26%, again indicating uncertainty in the market in the near future.
