After Trump’s U-turn, the stock market is showing signs of strong recovery today. SGX Nifty is up by over 160 points, indicating a big gap-up opening for the market today. It is noteworthy that on Wednesday, Nifty had slipped to 24919 intraday and finally closed at 25157, down 75 points. The market is light right now, and positions are quite thin. Find out which stocks have been picked for traders today in Zee Business’ exclusive programme, Traders Diary. Before looking at the list of trading stocks, let us understand the main factors influencing the market at this time. President Trump made two major announcements in Davos. First, he said he would not attack Greenland, and second, he announced the temporary removal of tariffs on eight European countries that were to be imposed starting February 1. This has reduced global uncertainty regarding tariffs and trade.
Positive update on trade deal
President Trump praised Prime Minister Modi, calling him a “fantastic leader” and a “great friend”. He also said that work is going on on a good trade deal with India. This is a significant positive factor for the Indian market. For now, it is important to keep an eye on the negotiations between the two countries regarding the trade deal.
Decrease in FII selling
Due to Trump’s U-turn, global markets saw a strong recovery yesterday. The Dow Jones closed up 588 points, a gain of 1.2%. Despite yesterday’s sharp decline, selling by foreign investors remained subdued. In the cash market, FIIs sold shares worth ₹1787 crore, while DIIs bought shares worth ₹4520 crore. shares of ansh bhilwad
cash
Buy Jindal Stainless – TGT ₹780, SL ₹735
futures
Buy Tata Steel – TGT ₹192, SL ₹182
options
Buy Vari Energies 2,500 calls (February) – TGT ₹200, SL ₹50
techno
Buy Dabur – TGT ₹542, SL ₹503
funda
Buy Oracle Financials (OFSS) – Tgt ₹8,275, SL ₹7,408
invest
Buy KEI – TGT ₹4,300, SL ₹3,780
News
Buy Eternal – TGT ₹312, SL ₹269
my choice
Buy Welspun Living – TGT ₹124, SL ₹113
Buy Aster DM Health – Tgt ₹595, SL ₹555
Buy Radico Khaitan – TGT ₹2,963, SL ₹2,768
my best
Buy Vari Energies 2,500 calls (February) – TGT ₹200, SL ₹50
Pooja Tripathi’s shares
cash
Bajaj Consumer Buy – TGT ₹253, SL ₹246
future
Buy Dr Reddy’s – Target ₹1,179, Stop Loss ₹1,144
option
Buy Bank of India 157 Call – Target ₹8, Stop Loss ₹2
techno
Buy eClerx Services – Target ₹4,284, Stop Loss ₹4,158
funda
Buy Anant Raj – Target ₹555, Stop Loss ₹500
invest
Buy Canara HSBC Life Insurance – Target ₹170, Term 12 Months
News
Buy CESC – Target ₹148, Stop Loss ₹142
my choice
Buy Swiggy – Target ₹344, Stop Loss ₹334
Buy E-Pack Prefab – Target ₹233, Stop Loss ₹223
Buy Corona Remedies – Target ₹1,412, Stop Loss ₹1,371
best pick
Buy Bajaj Consumer – Target ₹253, Stop Loss ₹246
What is positive for the market?
Trump
Lowest selling of FIIs yesterday in recent days
Market is oversold, RSI below 28
Trading positions have become very light in two days
Margin funding positions of weak investors have also reduced.
Big investors did not sell, panic selling by retail investors
Good results of both Nifty companies after market closing yesterday
No surprises in the results today
What is negative for the market?
Uncertainty about when Trump will change his stance
FII selling continues, although less
Sentiment is weak, no one wants to buy right now
Selling pressure at upper levels during every recovery
Sharp fall in rupee
Crude oil above $65