Today, GIFT NIFTY dropped 20 points, indicating that the market will have a flat opening. Yesterday, on Wednesday, Nifty fell 78 points and closed at 23,405. Asian markets are also showing signs of weakness; Japan’s Nikkei and Korea’s KOSPI are both down 2 percent. Know which 20 stocks have been selected today.
Analysts Ansh Bhilwad and Pooja Tripathi have selected 10 stocks for traders today. These stocks offer potential profit opportunities. Before the market opens, let’s take a look at the names of these stocks, along with their full targets and stop-losses. These stocks can be the center of attraction during today’s trading session.
Market influencing factors
Regarding factors influencing the market, there have been some positive developments regarding the peace talks between Iran and the United States. Crude oil prices are showing some softness, currently trading below $97, indicating minor weakness. However, selling activities by foreign institutional investors (FIIs) have been increasing continuously. Yesterday, FIIs sold ₹5,616 crore in the cash market – a significant negative factor.
Where is the support for Nifty?
Om Mehra, Technical Research Analyst at SAMCO Securities, said that from a technical perspective, Nifty faces resistance in the range of 23,600–23,750, while the range of 23,150–23,200 is expected to act as an important support level. Meanwhile, Nandish Shah, Deputy Vice President, HDFC Securities, pointed out that the Nifty has a key support level at 23,151 – marking the swing low recorded on June 3 – while the 23,800 level is expected to act as a resistance point.
Selected shares of Ansh Bhilwad
Category Share Name Action Target Stoploss CASH Shaily Engineering Buy ₹3,258 ₹2,977 FUTURES Avenue Supermart Buy ₹4,313 ₹4,161 OPTIONS Bank of India 140 Call Buy ₹9.5 ₹4 TECHNO Mankind Buy ₹2,585 ₹2,263 FUNDA Poonawala Fincorp Buy ₹440 ₹379 IPL/INVESTICICI Bank Buy ₹1,373 ₹1,180 NEWS BHEL Buy ₹424 ₹398 MY CHOICE PFC Buy ₹430 ₹411 MY CHOICE Aurobindo Pharma Buy ₹1,526 ₹1,403 MY CHOICE Jindal Steel Buy ₹1,248 ₹1,1194
Selected shares of Pooja Tripathi
Category Share Name Action Target/Period Stoploss CASH JBM AUTO BUY ₹690 ₹662 FUTURE IEX BUY ₹130 ₹120 OPTION GRASIM 3100 CE @ ₹79 BUY ₹180 ₹20 TECHNO INFOSYS SELL ₹1,190 ₹1,235 KO FUNDAK BUY ₹400 (6 Months) — INVEST OLECTRA GREENTECH BUY ₹1,410 (12 Months) — NEWS LODHA BUY ₹898 ₹870 MY CHOICE HERO MOTO BUY ₹4,936 ₹4,792 MY CHOICE SUZLON BUY ₹56 ₹52 MY CHOICE WIPRO SELL ₹177 ₹187