Market sentiment is weak, and the market has been closing in the red for the last four sessions. On Thursday, Nifty fell 264 points and closed at 25876. The technical setup is currently indicating further decline. Trump’s statements on tariffs and increased selling by FIIs are the two biggest reasons for selling at the moment. However, SGX Nifty is up 30 points, indicating a possible bounce in the market. Find out which stocks have been picked by analysts today under Zee Business’ special program Traders Diary. If we look at global markets, Dow Jones saw an increase of 270 points. FIIs sold shares worth ₹3367 crore in the cash market yesterday. Including cash, index and stock futures, huge net selling of ₹11922 crore was recorded. Meanwhile, domestic funds continued their record-breaking buying spree for the 93rd consecutive day, buying shares worth ₹3,701 crore in cash.
Main factors influencing the market:
Trump’s statements on tariffs have caused uproar
Increasing selling by FIIs is a matter of concern for the market
Continued buying by DIIs is providing some support
US Supreme Court may rule today on the legality of Trump’s tariffs
Supreme Court’s decision may have a big impact on Trump’s trade policy
Ansh Bhilwara Stock Picks:
Cash – FACT (Fertilizers and Chemicals Travancore)
Buy FACT Target ₹920 | Stoploss ₹878
Futures – Bharat Electronics (BEL)
Buy BEL Futures Target ₹429 | Stoploss ₹410
Options – Angel One 2500 CE
Buy Angel One 2500 Call | Target ₹100 | Stoploss ₹25
Techno – Niva Bupa
Buy Niva Bupa | Target ₹85 | Stoploss ₹77
Fund – BHEL
Buy BHEL Target ₹290 | Stoploss ₹270
Invest – Rail Vikas Nigam (RVNL)
Buy RVNL | Target ₹390 | Stoploss ₹322
News – NHPC
Buy NHPC | Target ₹85 | Stoploss ₹81
my choice
Bharat Forge: Buy | Target ₹1,504 | Stoploss ₹1,432
Grove: Buy | Target ₹170 | Stoploss ₹155
Shobha: Buy | Target ₹1,620 | Stoploss ₹1,545
My best – BHEL
Today’s best pick: BHEL (Target ₹290, SL ₹270)
Pooja Tripathi’s shares
Cash – Astra Microwave
Buy Astra Microwave | Target ₹1,024 | Stoploss ₹994
Future – Petronet LNG
Buy Petronet LNG Futures Target ₹289 | Stoploss ₹280
Option – SBI Life 2100 CE
Buy SBI Life 2100 Call @ ₹28.4 | Target ₹50 | Stoploss ₹23
Techno – Zomato
Buy Zomato Target ₹291 | Stoploss ₹278
Funda – CSB Bank
Buy CSB Bank Target ₹550 | holding 6 months
Investment – IDFC First Bank
Buy IDFC First Bank | Target ₹98 | Holding 12 months.
News – Bajaj Finserv
Buy Bajaj Finserv Target ₹2,045 | Stoploss ₹1,985
my choice
ONGC: Buy | Target ₹235 | Stoploss ₹228
Oil India: Buy | Target ₹416 | Stoploss ₹403
Power Grid: Buy | Target ₹264 | Stoploss ₹256
Best Pick – IDFC First Bank
Today’s Best Pick: IDFC First Bank (Target ₹98, Tenure 12 months)
What are the negative things?
Aggressive selling by FIIs
Fear of tariffs is back, Trump’s irregular statements
Volatility in US markets
surge in crude oil
Rupee weakened again
Sentiment weakens due to jitters in mid-smallcap stocks
Sharp fall in one or more major Nifty stocks
What are the positive things? Nifty put call ratio at 0.68, near oversold territory
Domestic funds are buying for the 93rd consecutive day