Stock Market Today: Last week’s pressure on the Indian stock market may be seen this week as well. The Nifty 50 fell more than 2.5 percent to 25,048 points and the BSE Sensex closed down about 2.4 percent to 81,537 points. There was also a big fall in the mid-cap and small-cap segments, resulting in a major collapse in investor wealth. However, market experts are asking to trust these 8 stocks on Tuesday.
What is the status of which sector
Sectorally, realty, consumer durables and capital market stocks performed the worst. Foreign investors (FIIs) sold shares worth Rs 14,652 crore, but domestic investors (DIIs) tried to control the market by buying shares worth Rs 20,746 crore.
Current Situation of Nifty 50 and What Can Be the Future Today
Market Experts Say, “The Nifty 50 Index has fallen below its 200-day EMA, which indicates a negative or bearish trend. The weakness has become more evident as the 21-day EMA has crossed below the 55-day EMA.”
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Where is the Support, Resistance
- Support 24,850 (if it breaks, the index can move towards 24,600).
- Resistance: 25,250 (if it stays above it, there can be a recovery up to 25,500).
- What Experts Suggest: In the current situation, it is better to take a ‘Sell-on-rise’ strategy.
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Top 8 Stocks to Buy Today (Intraday Stocks)
1. Sumit Bagadia (Choice Broking)
NALCO: Buy @ ₹371 | Target: ₹397 | Stop Loss: ₹358
Ashok Leyland: Buy @ ₹193 | Target: ₹207 | Stop Loss: ₹186
2. Ganesh Dongre (Anand Rathi)
JSW Steel: Buy @ ₹1170 | Target: ₹1220 | Stop Loss: ₹1145
Indus Towers: Buy @ ₹413 | Target: ₹440 | Stop Loss: ₹400
UPL: Buy @ ₹702 | Target: ₹740 | Stop Loss: ₹680
3. Siju Kuthupalakkal (Prabhudas Leeladhar)
GNFC: Buy @ ₹464 | Target: ₹486 | Stop Loss: ₹454
Voltas: Buy @ ₹1315 | Target: ₹1385 | Stop Loss: ₹1285
Swan Corp: Buy @ ₹410 | Target: ₹435 | Stop Loss: ₹400
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