Despite heavy buying by domestic and foreign investors on Wednesday, Nifty closed at 25,482, up just 58 points. Global markets are also strong, yesterday Dow Jones closed 308 points higher and Nasdaq closed 1.25 percent higher. GIFT Nifty is up 50 points, indicating a green opening for the market today. Find out which stocks have been picked by analysts Ansh Bhilwad and Pooja Tripathi on Zee Business’ special program TRADERS DIARY.
On Wednesday, both FII and DII made big purchases, raising the question as to who sold. Yesterday, FIIs bought ₹2,991 crore in the cash market, while DIIs bought ₹5,118 crore. IT, Metal and Pharma were the biggest contributors to yesterday’s rally. At present, both the market trend and sentiment appear neutral.
What will drive the market rally?
The markets were very weak at the beginning of the series. Nifty saw lowest rollover in 22 months since May 2024.
The open interest of Nifty also fell rapidly.
FII positions exceeded 20% for the first time in the 7 series.
The March series is generally positive for the market.
FII selling pressure started reducing in the February series.
There were good figures of FII buying on the first day yesterday.
Domestic funds also made significant purchases.
Signs of stopping the decline in the weakest IT sector.
Good growth was seen in metals.
Bank Nifty rose more than it fell.
US markets closed at their highest level for the second consecutive day.
The weakness in IT stocks in the US also appeared to be stopping.
What to do in a sluggish start?
Buy immediately in weak starts.
Ideal for buying at first and important support levels.
Adopt buy-on-dips strategy for Bank Nifty also.
Also book profit at higher end due to Sensex monthly expiry.
shares of ansh bhilwad
cash
CESC – Buy, Target 170, Stop Loss 155
futures
JSW Steel – Buy, Target 1337, Stop Loss 1255
options
Hindustan Zinc 650 Call – Buy, Target 25, Stop Loss 8
techno
Natco Pharma – Buy, Target 1050, Stop Loss 937
funda
Vedanta March Futures – Buy, Target 765, Stop Loss 708
invest
M&M Financial – Buy, Target 410, Stop Loss 362
News
Shelly Engineering – Buy, Target 2009, Stop Loss 1909
my choice
Narayan Hrudayalaya – Buy, Target 1932, Stop Loss 1822
Triveni Turbine – Buy, Target 508, Stop Loss 485
Shyam Metaliks – Buy, Target 878, Stop Loss 841
MY BEST
Hindustan Zinc – Buy, Target 25 (650 Call), Stop Loss 8
Pooja Tripathi’s shares
cash
Sanofi Consumer – Buy, target 4095, stop loss 3969
future
Zydus Lifesciences – Buy, target 945, stop loss 909
options
NALCO 360 Call @ 15.4 – Buy, Target 30, Stop Loss 8
techno
Hind Copper – Buy, Target 596, Stop Loss 579
funda
Polycab – Buy, Target 8514, Stop Loss 8265
invest
Voltas – Buy, Target 1650, Duration 6 months
News
RVNL – Buy, Target 325, Stop Loss 313
my choice
Satvik Green – Buy, Target 387, Stop Loss 376
KSB Ltd – Buy, Target 734, Stop Loss 709
LT Foods – Buy, Target 419, Stop Loss 403
my best choice
Zydus Lifesciences – Buy, target 945, stop loss 909