Today is the first trading session of the week and the mood of the market seems weak. Following Israel’s attack on Beirut, Iran retaliated with a missile attack on Israel and also released a video of the incident. It looks like ceasefire is being violated once again, which is a big negative for the market. GIFT Nifty is down by more than 300 points, which indicates that the market will have a weak start today.
Ansh Bhilwar and Pooja Tripathi have selected 10 stocks for the ‘Trader’s Diary’ program. Opportunities are being created for traders in these stocks in Monday’s session. Let us see the complete details including stock name, target and stop-loss.
Ansh Bhilwar’s Selected Stocks
Category Share Name Action Target Stoploss CASH PNB Gilt Buy ₹108 ₹88 FUTURES NTPC Buy ₹385 ₹356 OPTIONS Bajaj Finance 850 Put Buy ₹18 ₹6 TECHNO Fortis Sell ₹941 ₹990 FUNDA BSE Buy ₹4,366 ₹3,647 INVEST Wipro Buy ₹228 ₹183 NEWS BHEL Buy ₹405 ₹378 MY CHOICE Canara Bank Futures Sell ₹131 ₹139 MY CHOICE Lodha Futures Sell ₹865 ₹919 MY CHOICE Eternal Futures Sell ₹251 ₹262
Pooja Tripathi’s selected stocks
Category Share Name Action Target Stoploss/Period CASH MTAR Tech Buy ₹7,685 ₹7,460 FUTURE Federal Bank Buy ₹316 ₹298 OPTION — — — — TECHNO BPCL Buy ₹305 ₹292 FUNDA TVS Motors Buy ₹3,600 6 Months INVEST Hindalco Buy ₹1,200 12 Months NEWS HPCL Buy ₹395 ₹381 MY CHOICE Marico Buy ₹835 ₹798 MY CHOICE Minda Corp Buy ₹660 ₹630 MY CHOICE Radico Khaitan Buy ₹3,600 ₹3,430
Market Guru Anil Singhvi has given his special strategy regarding the market for today. Let us know what to do after the re-escalation of Iran-Israel conflict and turmoil in Asian markets.
Will the market crash again due to fear of war?
Be alert about new attacks from Iran-Israel
no need to panic right now
Trump is left behind and wants to end the war somehow
But Israel is not listening to them
We will focus on crude oil
Our markets will react only when the price crosses $100 and stays there
If the market opens 350 points lower, should you buy or sell?
Selling on gap-down opening is also risky
FIIs sold heavily on Friday
But excluding the block deal, the sale was only worth ₹3,000 crore.
There has been a slight improvement in sentiment due to RBI policy and government measures.
Recovery in rupee is also boosting sentiments.
GDP data has come out strong
Don’t panic and sell in such situations
Buy if you can take the risk
Buying Bank Nifty is a better option than Nifty.
Where is the support level for Nifty? SBI Securities said in its report that from a technical point of view, support for Nifty lies near the range of 23,100–23,050. If Nifty goes below 23,050 amid today’s selling, there may be a correction towards 22,700. If for some reason there is a recovery, then the zone of 23,550–23,600 will act as resistance. If Nifty goes above 23,600, it will first move towards 23,900 and then 24,100.
