Today is the last trading session of the week. The second half of Thursday saw a strong recovery in the market and Nifty finally closed at 24,765, up 285 points. However, SGX Nifty is currently down by more than -150 points, which shows fresh selling pressure in the market. Yesterday, the Dow Jones Industrial Average (DJIA) saw a massive decline of -1.6% or 785 points. In this high-volatility market, know about the stocks picked by analysts Ansh Bhilwad and Pooja Tripathi for traders in Zee Business’ special program, TRADERS DIARY. If you are a trader, know the names of these stocks along with target and stop-loss details.
Why so much volatility in the market?
According to media reports on Thursday, Iran’s Foreign Minister said that he is ready to end his nuclear program with conditions. For this reason, a tremendous recovery was seen in the market.
Meanwhile, President Trump said that Iran had agreed to talks in the middle of the war, but now it has delayed it.
The latest statement by Iran’s Foreign Minister is that how can we resume talks with a country that repeatedly breaks its promises?
What is the Good News?
The good news is that the US has given India a 30-day exemption from buying oil from Russia. This will reduce the impact of the supply crisis on India due to the Strait of Hormuz. Apart from this, India will be able to buy oil at lower prices.
Let us know from market guru Anil Singhvi what is positive and what is negative for the market today.
negative for today
Trump’s statement that he will not accept the new leadership of Iran
Huge decline in US market
Crude oil reached $86
Despite yesterday’s strong market, financial institutions are selling
The war shows no signs of slowing down.
Still provocative statements from both sides
Volatility is high due to war reports and statements
There is always a fear of bad news during the weekend session
positive for today
US approved to buy some Russian oil
Support received from continuous purchase of domestic funds
Financial institutions sold yesterday, but to a lesser extent
Yesterday’s recovery reduced the risk of breaking a major support level
Rupee recovered well
Growth in India VIX slows down
Ansh Bhilwad Shares
cash
Metropolis – Buy, Target 1920, Stop Loss 1730
futures
NMDC – Buy, Target 84, Stop Loss 76
options
Oberoi Realty 1500 Call – Buy, Target 50, Stop Loss 20
TECHNO
Sun Pharma – Buy, Target 1900, Stop Loss 1730
FUNDA
Orkla India – Buy, Target 605, Stop Loss 537
INVEST
Bajaj Finserv – Buy, Target 2100, Stop Loss 1820
NEWS
Garden Reach – Buy, Target 2520, Stop Loss 2353
MY CHOICE
Grasim – Buy, Target 2850, Stop Loss 2660
Chola Finance – Buy, Target 1775, Stop Loss 1618
ABSL AMC – Buy, Target 933, Stop Loss 873
MY BEST
Orkla India – Buy, Target 605, Stop Loss 537
Pooja Tripathi’s share
CASH
Radico Khaitan – Buy, Target 2615, Stop Loss 2538
future
Hindustan Zinc – Sell, Target 580, Stop Loss 600
option
Indigo 4500 Put @ 143 – Buy, Target 250, Stop Loss 100
techno
Canara Bank – Buy, Target 152, Stop Loss 146
funda
Titan – Buy, Target 4500, Stop Loss 4120
invest
L&T – Buy, Target 4400, Duration 12 months
News
Dr Reddy’s – Buy, Target 1339, Stop Loss 1300
my choice
Lemon Tree – Buy, Target 115, Stop Loss 109
Samhi Hotel – Buy, Target 155, Stop Loss 149
Blue Star – Buy, Target 1990, Stop Loss 1926
my best choice
Dr Reddy’s – Buy, Target 1339, Stop Loss 1300