Today is the monthly expiry of Nifty, and the trading session is expected to be volatile. GIFT NIFTY is currently down 50 points, which indicates that the market may open in the red. The special thing is that on Monday, the trend of decline that had been going on for three days stopped, and Nifty closed at 24,092 with a gain of 195 points. Talking about other important factors of the market, crude oil remains around the level of $109, which remains a matter of concern. Meanwhile, America and Iran seem ready for talks. President Trump has discussed the issue of reopening the Strait of Hormuz with his national security team. Any positive development in this regard may lead to softening of crude oil prices. In the cash market yesterday, FIIs (foreign institutional investors) sold a total of ₹1,151 crore, while DIIs (domestic institutional investors) bought a total of ₹4,123 crore. Let us know which stocks have been selected by Zee Business’ research analysts Ansh Bhilwad and Pooja Tripathi for today.
stock pics of pooja tripathi
Segment Stock Name Action Target Stoploss CASH Prataap Snacks BUY ₹1026 ₹992 FUTURE Canara Bank SELL ₹135 ₹143 OPTION Supreme Ind. (3700 CE) BUY ₹300 ₹90 TECHNO Rallis India BUY ₹268 ₹257 FUNDA UltraTech Cement BUY ₹13000 (6 Months) INVEST AU Small Finance Bank BUY ₹1200 (12 Months) NEWS RailTel BUY ₹330 ₹319 MY CHOICE ONGC BUY ₹300 ₹212 MY CHOICE Oil India BUY ₹485 ₹471 MY CHOICE Union Bank SELL ₹170 ₹178
stock pics of ansh bhilwad
Segment Stock Name Action Target Stoploss CASH Piramal Finance BUY ₹1940 ₹1798 FUTURE Coal India (May) BUY ₹468 ₹442 OPTION Vedanta (750 CE) BUY ₹25 ₹2 TECHNO Voltas BUY ₹1650 ₹1451 FUNDA Phoenix Mills BUY ₹1980 ₹1710 INVEST Nippon Life AMC BUY ₹1110 ₹935 NEWS City Union Bank BUY ₹282 ₹266 MY CHOICE Adani Total Gas BUY ₹663 ₹622 MY CHOICE Bajaj Housing Fin. BUY ₹95 ₹89 MY CHOICE Punjab & Sind Bank BUY ₹27 ₹25
Immediate support for Nifty at 23,800
HDFC Securities Deputy Vice President Nandish Shah said that all-round buying was seen in the market on Monday. A main bullish trend is visible in the market right now. On an immediate basis, the support level of Nifty is now at 23,800. Resistance levels are seen at 24,200 followed by 24,310.
Nifty ready to move towards 24,500–24,600
Nagaraj Shetty, technical research analyst at the brokerage firm, said that after the fall, the short-term trend of Nifty has reversed. In the next few trading sessions, Nifty could potentially touch levels between 24,500 and 24,600. On an immediate basis, support level of Nifty is seen at 23,800.