Today is the last trading session of the week, and a gain of 70 points in GIFT NIFTY indicates that the decline in the market for the last two days may finally stop today. On Thursday, Nifty fell 205 points and closed at 24,173. Know which stocks have been selected by analysts Ansh Bhilwad and Pooja Tripathi for this weekend session under Zee Business’ special program ‘TRADERS DIARY’.
Talking about key market factors, supplies from the Strait of Hormuz are still stuck, and crude oil is currently trading at $106 per barrel. Yesterday, foreign institutional investors (FIIs) sold ₹3,254 crore, while domestic institutional investors (DIIs) bought ₹941 crore. US markets fall after hitting new all-time high. Infosys’ quarterly results were broadly in line with market expectations. Today companies like Reliance, IndusInd Bank, Adani Green Energy and Hindustan Zinc are going to announce their results. The last few weeks have seen a lot of ups and downs in the weekend trading session.
stock pics of ansh bhilwad
Category Stock/Company Action Target (₹) Stoploss (₹) CASH CIE Automotive Buy 490 458 FUTURES Adani Enterprises (May) Buy 2510 2230 OPTIONS Glenmark 2400 April Call Buy 40 5 TECHNO Hudco Buy 220 198 FUNDA Choice International Buy 776 689 IPL/INVEST Jio Financial Services Buy 273 237 NEWS Infosys April Futures Sell 1210 1251 MY CHOICE Himadri Specialty Buy 560 522 MY CHOICE Tata Capital Buy 351 330 MY CHOICE PB Fintech Buy 1755 1629 MY BEST Choice International Buy 776 689
stock pics of pooja tripathi
Category Stock/Company Action Target (₹) Stoploss (₹) / Duration CASH Inventurus Knowledge Buy 1480 1420 FUTURE Bharti Airtel Buy 1930 1800 OPTION LTM 4500 PUT (@122.85) Buy 230 70 TECHNO Oil India Buy 480 468 FUNDA L&T Buy 4300 6 Months (Duration) INVEST Titan Buy 4800 12 Months (Duration) NEWS BlueStone Buy 560 541 MY CHOICE Mahindra Logistics Buy 451 438 MY CHOICE ONGC Buy 293 283 MY CHOICE Asian Paints Sell 2471 2546 BEST PICK Inventurus Knowledge Buy 1480 1420
Short-term peak looks near 24,600
Regarding the market outlook, Om Mehra, Technical Analyst, SAMCO Securities, said that currently resistance is seen in the range of 24,300–24,400. While the overall trend is still bullish, there appears to be a temporary pause in momentum for now. For Nifty, a short-term peak seems to be forming around the 24,600 level. The Relative Strength Index (RSI)—a key indicator of momentum—fell to 53, suggesting that the market’s underlying momentum has weakened slightly. On an immediate basis, support levels are visible in the range of 24,100–23,900.
Support in the range of 24,000–23,900
HDFC Securities Technical Research Analyst Nagaraj Shetty said that the overall chart pattern of Nifty still remains positive; However, some degree of selling pressure is visible in the short term. Amidst the current decline, Nifty seems to be taking support in the range of 24,000–23,900. On an immediate basis, resistance is visible above 24,400.
