The market mood has once again turned negative. Tension has increased between America and Iran. The situation regarding the Strait of Hormuz is becoming increasingly serious. As a result, crude oil prices have crossed the $103 level. GIFT NIFTY is down 180 points, which indicates that even today the market is likely to open in the red (down). It is worth noting that on Wednesday Nifty had fallen 198 points and closed at 24,378. Analysts Ansh Bhilwad and Pooja Tripathi have selected 20 special stocks for traders. These stocks have been selected on many different basis like cash market movements, futures, options and news events. If you are a trader, you can keep a close eye on these stocks.
Ansh Bhilwad’s Selected Stocks
Pooja Tripathi’s selected stocks
What are the negative factors for today?
Crude oil closed above $100 for the first time in 15 days
Heavy selling by FIIs (foreign institutional investors)
DIIs (domestic institutional investors) have also stopped their purchases
Signs of increasing tension between Iran and America
No immediate prospect of reopening of the Strait of Hormuz
Rupee continues to weaken
VIX has returned above its 50-day moving average (DMA)
Heavy weakness seen in Dow Futures
What are the positive factors for today?
Trump has indicated that talks are set to begin tomorrow
Nasdaq and S&P indexes hit new record highs
Markets in Japan and Korea are also trading at their all-time highs
Mid-cap and small-cap stocks show no signs of weakness so far
Expectations of short covering after gap-down opening on Sensex weekly expiry day
Where can Nifty get support from?
Market guru Anil Singhvi said that if the fall becomes sharper, Nifty will get support in the range of 24,100–24,250; However, if it falls below this level, strong buying is expected in the range of 23,900–24,050. Meanwhile, if recovery occurs, the range of 24350–24475 forms an upside zone; Once this level is broken, profit-booking pressure will increase in the zone of 24500–24600.