Today is the last trading session of the week, and the market is showing signs of weakness. Yesterday, Nifty fell 133 points to close at 25642. Selling pressure was also seen in global markets. Yesterday the Dow Jones fell 593 points, and the Nasdaq hit a two and a half month low. GIFT NIFTY is down 90 points, indicating that the market may open in the red. Find out which stocks have been picked by analysts Neha Anand and Pooja Tripathi in Zee Business’ special program, TRADERS DIARY.
The Reserve Bank of India (RBI) will also announce its monetary policy today. At 10 am, Governor Sanjay Malhotra will announce the decisions taken in the RBI MPC meeting. Foreign investors have started selling again. Gold and silver prices are volatile, and tensions related to Iran appear to be rising again. All these factors will impact the market.
What will be important in RBI policy?
Less likely to cut interest rates
Rate cut will be a big surprise after budget and trade deal
RBI’s commentary will be important
Market will see whether RBI’s concerns have subsided after the trade deal or not
Focus will be on RBI’s outlook on rupee
This will indicate when and how much rate cuts are likely in the future.
Will expectations of strong growth increase after the trade deal?
What are the negatives for today?
FIIs have started selling again
Purchasing of domestic funds is also limited
Sharp decline in American markets
Volatility in gold, silver and metals is hurting sentiment
Iran remains tense
The market is reacting very slowly to any positive news
What are the positive things for today? If RBI changes the policy mood then it is a different matter. Purchasing of domestic funds still continues
Neha Anand’s shares
cash
CCL Products – Buy, Target 1010, Stop Loss 981
futures
Hitachi Energy – Buy, Target 19600, Stop Loss 19050
options
Manappuram Finance 300 Put @ 13.50 – Target 18, Stop Loss 10
techno
Vedanta Futures – Sell, Target 647, Stop Loss 661
funda
Minda Corp – Buy, Target 605, Stop Loss 589
investment pick
Va Tech Wabag – Buy, Target Rs 1600, Period 1 Year
News
Titan – Buy, Target 4130, Stop Loss 4070
my choice
Nykaa – Buy, Target 266, Stop Loss 255
Indus Towers – Buy, Target 450, Stop Loss 438
IOC – Buy, Entry 178.50, Stop Loss 173
my best choice
Va Tech Wabag – Buy, Target Rs 1600, Period 1 Year
Pooja Tripathi’s shares
cash
Shreeji Shipping – Buy, Target 395, Stop Loss 383
future
Bharti Airtel – Buy, Target 2031, Stop Loss 1972
options
Muthoot Finance 3600 Put @ 151 – Target 300, Stop Loss 80
techno
IRB Infra – Buy, target 44, stop loss 40
funda
Sai Lifesciences – Buy, Target 850, Stop Loss 795
invest
LIC – Buy, Target 950, Duration 12 Months
News
Federal Bank – Buy, Target 295, Stop Loss 283
my choice
Hero MotoCorp – Buy, target 5881, stop loss 5708
Arvind Smartspace – Buy, Target 592, Stop Loss 575
Hind Zinc – Sell, Target 595, Stop Loss 616
my best option
Shreeji Shipping – Buy, Target 395, Stop Loss 383