Today is the last trading session of the week, and GIFT Nifty is down 125 points, which shows a big gap-down opening for the market. The market was flat on Thursday, and Nifty closed at 25,496 with a marginal gain of 14 points. As part of Zee Business’ special programme, TRADERS DIARY, find out which stocks were picked by analysts Ansh Bhilwad and Neha Anand on Friday.
Talking about the global market, the Dow Jones Industrial Average closed flat, while the tech-based Nasdaq index fell -1.18%. After Wednesday’s buying, foreign investors sold again yesterday. FIIs sold ₹3,466 crore in the cash market yesterday, while DIIs bought ₹5,032 crore.
What is the reason for the big selloff by FIIs?
Both FII buying and selling figures have increased in recent times.
FII action has increased on both sides.
Slight adjustment was also seen in yesterday’s selling due to Sensex monthly expiry. FIIs are not yet fully back.
FII buying is more out of compulsion, less out of strength.
It is good news that domestic funds have also increased their purchases.
Where is the strong market support?
Today, weekly closing above 25,400 is necessary.
For the last few days, Nifty has been closing near the Budget Day high of 25,440.
If it closes below 25,300, there is a risk of further weakness.
Then, the next support lies in the 24,825-25,075 range.
Neha Anand’s shares
cash
GMDC – Buy, Target 590, Stop Loss 570
futures
L&T Finance Futures – Buy, Target 310, Stop Loss 295
options
Angel One 240 Put @ 8.45 – Buy, Target 14, Stop Loss 5.75
techno
HCL Tech – Buy, Target 1400, Stop Loss 1355
funda
Ashok Leyland – Buy, target 216.50, stop loss 207
investment pick
La Opala – Buy, Target 275, Stop Loss 170, Duration 1 year
News
KNR Constructions – Buy, target 138, stop loss 130.50
my choice
Netweb Technologies – Buy, Target 3760, Stop Loss 3655
IOC – Buy, target 192.50, stop loss 182
Dynacons Systems – Buy, Target 962, Stop Loss 936
my best choice
La Opala – Buy, Target 275, Stop Loss 170, Period 1 Year
Shares of Ansh Bhilwad
cash
RHIM – Buy, Target 456, Stop Loss 428
futures
Fortis Healthcare – Buy, target 1035, stop loss 938
options
OFSS 7000 Call – Buy, Target 390, Stop Loss 135
techno
Tata Motors PV – Buy, Target 420, Stop Loss 379
funda
Aditya Birla Capital – Buy, Target 379, Stop Loss 345
invest
Zydus Life – Buy, Target 1013, Stop Loss 901
News
Brigade Enterprises – Buy, target 755, stop loss 700
my choice
IndusInd Bank – Buy, Target 1022, Stop Loss 931
Voltas – Buy, Target 1645, Stop Loss 1500
Sanofi – Buy, Target 4135, Stop Loss 3940
my best
Tata Motors PV – Buy, Target 420, Stop Loss 379