The market has closed with gains for three consecutive sessions. GIFT Nifty is trading down 25 points, indicating a flat or slight decline in the market today. Analysts Ansh Bhilwar and Pooja Tripathi have selected 20 such stocks in this sluggish market in which there is a profit opportunity for traders. On Tuesday, Nifty closed at 23,989 with a rise of 135 points. Asian markets are bullish; Japan’s Nikkei and Korea’s Kospi are trading with gains. Crude oil prices have fallen to $79 on hopes of an end to the Iran crisis. Yesterday FIIs sold shares worth ₹749 crore in the cash market.
Stocks selected by Ansh Bhilwar
Category Stock Name Action Target Stop Loss CASH Berger Paints Buy ₹536 ₹498 FUTURES Sun Pharma Buy ₹1851 ₹1776 OPTIONS Godrej Consumer 1050 Call Buy ₹25 ₹7 TECHNO Tata Consumer Buy ₹1200 ₹1097 FUNDA Coforge Buy ₹1670 ₹1362 INVEST Wipro Buy ₹204 ₹172 NEWS Navin Fluorine (MY BEST) Buy ₹7525 ₹7217 MY CHOICE Apollo Tire Buy ₹428 ₹408 MY CHOICE LG Electronics Buy ₹1633 ₹1541 MY CHOICE Pine Labs Buy ₹160 ₹145
Stock picks by Pooja Tripathi
Category Stock Name Action Target Stop Loss/Period CASH CEAT Buy ₹3492 SL: ₹3390 FUTURE ASIAN PAINTS Buy ₹2810 SL: ₹2710 OPTION INDIGO CE 4850 (@ 80.4) Buy ₹190 SL: ₹30 TECHNO HAL Buy ₹4340 SL: ₹4212 FUNDA AU SMALL FINANCE (MY BEST) Buy ₹1060 6 Months (Period) INVEST POLYCAB Buy ₹10000 6-12 Months (Period) NEWS DR REDDY’S Buy ₹1305 SL: ₹1263 MY CHOICE KAJARIA CERAMICS Buy ₹1170 SL: ₹1127 MY CHOICE CROMPTON CONSUMER Buy ₹270 SL: ₹260 MY CHOICE L&T Buy ₹4269 SL: ₹4144
What are the good things for the market?
Strong expectations of June 19 deal
Crude oil below $80
Dow made new record high
Great recovery in rupee continues
VIX is indicating market strength
Also Read: Bharat Forge releases update for the second consecutive day; Keep an eye out this Wednesday; Stock up 37% so far this year
What is the reason for the slowdown in the market?
Decrease in FII buying and selling activity
Domestic fund activity is also slowing down
Nifty near resistance range of 24,000–24,250
Bank Nifty also near the resistance range of 57,600–57,800
Despite important news, the market has remained weak (bearish) for two days
How to make money in the market? It is challenging to trade indices in a sluggish market with limited trading range.
Maintain a positive attitude till June 19; Buy at support level.
Now focus more on sector and stock-specific action.
Sectors benefiting from crude oil trends will remain strong.
Auto, banking, NBFC and OMC sectors will remain strong.
Expect short-covering and buying in stocks that fell badly due to the conflict.
Look for breakouts at key levels in both Nifty and Bank Nifty.
After the breakout, mid-cap and small-cap stocks will see tremendous growth.