Market sentiment is still negative. The market has been continuously closing in the red for the last three sessions. Nifty has fallen 1,016 points in these three sessions. It is worth noting that on Wednesday Nifty had fallen 385 points and closed at 24,480. GIFT Nifty is up by more than 50 points, which shows a positive opening for the market today. Find out which stocks have been picked by analysts Ansh Bhilwad and Pooja Tripathi in this weak market in Zee Business’ special program TRADERS DIARY.
Talking about other market factors, Trump has suffered a big setback. US Supreme Court has ordered tariff refund. Crude oil prices have reached a two-year high of around $84. Today is the sixth day of the Iran War, and there is little hope for peace at the moment. Yesterday, FIIs sold heavily ₹8,752 crore in the cash market, while DIIs bought ₹12,068 crore.
What is positive for the market today?
There was a good recovery in the US market, which closed at the highest level of the day.
Domestic funds made big purchases worth ₹12,000 crore yesterday.
Nifty got support yesterday at a big level of 24,300.
Bank Nifty recovered from the closing level of 58,400 on Budget Day.
Gold and silver traded peacefully, indicating reduction in risk.
Indications of increase in flights to certain Gulf countries.
What is negative for the market today?
Heavy selling by FIIs at cash and net level.
Rupee closed at record low of 92.15.
Crude oil remained strong near $83.
Sharp attacks from both Iran and the US continued.
No statement on peace or stopping the war.
The VIX rose again by 23% yesterday, which is a sign of volatility.
Despite the market recovery, mid- and small-cap stocks remained weak.
shares of ansh bhilwad
cash
GE Shipping – Buy, Target 1450, Stop Loss 1308
futures
Coforge – Buy, Target 1290, Stop Loss 1114
options
Coal India 440 Call – Buy, Target 20, Stop Loss 5
techno
Reliance Industries – Buy, Target 1435, Stop Loss 1300
funda
BSE – Buy, Target 2840, Stop Loss 2520
invest
Solar Industries – Buy, Target 16000, Stop Loss 13750
News
ONGC – Buy, Target 289, Stop Loss 273
my choice
Apple – Buy, Target 1460, Stop Loss 1375
Mahindra Lifespaces – Buy, Target 380, Stop Loss 341
MRPL – Buy, Target 204, Stop Loss 185
MY BEST
Coforge Futures – Buy, Target 1290, Stop Loss 1114
Pooja Tripathi’s shares
cash
Ramki Infra – Buy, Target 440, Stop Loss 425
future
NALCO – Buy, Target 380, Stop Loss 369
options
Hindalco 920 Call @ 35.2 – Buy, Target 70, Stop Loss 20
techno
Hind Copper – Buy, Target 557, Stop Loss 541
funda
Bharti Airtel – Buy, Target Rs 2100, Duration 6–12 months
invest
Voltas – Buy, Target Rs 1600, Duration 12 months
News
Bharat Forge – Buy, Target 1880, Stop Loss 1818
my choice
PB Fintech – Buy, Target 1512, Stop Loss 1468
Vedanta – Buy, target 717, stop loss 696
Oil India – Buy, Target 500, Stop Loss 485
my best choice
NALCO – Buy, Target 380, Stop Loss 369