The four-week rally stopped and last week Nifty closed at 25,722 with a fall of 0.3%. Midcap and smallcap indices fell by about 1% each. On Friday, Nifty recorded a fall of 155 points, while the US market closed with a slight gain. The Dow Jones Industrial Average gained 40 points and the tech-based Nasdaq gained 143 points. The fall of 50 points in SGX Nifty today is also a sign of market pressure. Market guru Anil Singhvi said that a major support for Nifty lies at 25,575-25,670.
Keeping the factors in mind, continuous selling by foreign investors is what is affecting the market the most at the moment. On Friday, FIIs made a massive sale of ₹6,770 crore in the cash market. There was a combined net selling of ₹9,321 crore in cash, shares and index futures. This is the second consecutive big selling session. Meanwhile, domestic funds continued buying for the 46th consecutive day and invested a total of ₹7,068 crore. Despite interest rate cuts, GST collections remained strong in October. Government capital expenditure recorded an increase of 40%. Amidst all this, learn about select stocks on Zee Business’ special show, Traders Diary.
shares of ansh bhilwad
cash
Buy Mahindra Lifespaces Developers, target 402, stoploss 377
futures
Buy BPCL, Target 370, Stoploss 350
option
Patanjali Foods Buy, Target 620, Call, Target 20, Stoploss 5
techno
Buy MedPlus Health Services, target 798, stoploss 746
funda
Buy Phoenix Mills, target 1755, stoploss 1648
investment
Buy JK Cement Corp, target 7100, stoploss 5800
news
Buy Mahindra Holidays & Resorts India, target 341, stoploss 322
my choice
Buy Tata Motors PV, target 425, stoploss 402
Buy Ashok Leyland, target 146, stoploss 139
Buy Titagarh Rail Systems, target 914, stoploss 871
all my best
BPCL
Priyanka Uppal’s shares
cash
Dredging Corp Buy Target 754 Stoploss 730
future
Buy Bank of Baroda Target 290 Stoploss 274
option
GAIL Nov 25 Buy 180 PE @3.70 Target 5.7 Stoploss 2.5
techno
Buy Naveen Fluorine (Cash) Target 5800 Stoploss 5640
funda
Vedanta Buy Target 625 Duration 6 Months
investment
Motilal Oswal Financial Services Buy Target 1150 Duration 6 Months
news
HUL (Future) Sell Target 2410 Stoploss 2484
my choice
Buy GMDC Target 606 Stoploss 588
NCC Ltd Buy Target 217 Stoploss 210
Netweb Tech Buy Target 4116 Stoploss 3996
all my best
Dredging Corp Buy Target 754 Stoploss 730