Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell ahead of RBI Monetary Policy
Stock Market Today: Experts predict that the Nifty 50 Index's present weakness will likely resolve between 23450 and 23500 levels shortly before rebounding from its current lows.
Stock market today: Trade setup for Nifty 50 to Q3 results today; 5 stocks to buy or sell ahead of RBI Monetary Policy
Stock Market Today: Market consolidation persisted as both the Nifty 50 index and the S&P BSE Sensex closed 0.39% and 0.27% below their previous levels on Thursday at 23,603.35 and 78,058.16 respectively. The Q3 Results closed at 50,382.10 after finishing with a slight increase of 0.08%.
Trade Setup for Friday
The Nifty's near-term uptrend remains intact. A probable rebound from the current low levels should occur shortly as weakness concludes near 23500-23450. According to Nagraj Shetti of HDFC Securities, surpassing the 23800 mark would enable another upward movement in market prices.
Stocks to buy today
Today Choice Broking Executive Director Sumeet Bagadia has presented two stock recommendations. The Senior Manager of Technical Research at Anand Rathi Ganesh Dongre recommended three different stocks.
Sumeet Bagadia's stock recommendations today
Sumeet Bagadia at Choice Broking recommends purchasing Jagsonpal Pharma at ₹273.5 with a stoploss at ₹260 and a target price at ₹295.
Jagsonpal Pharmaceuticals Ltd demonstrates strong bullish momentum with substantial upward movement that led to a significant closing near ₹273.5.
Bagadia suggests purchasing shares of Kaveri Seed Company Ltd at ₹985.35 and placing a Stoploss at ₹950 to achieve a target price of ₹1060.
Kaveri Seed demonstrates powerful bullish trends through major price advances and concluding at ₹985.35.
Dongre recommends purchasing shares of CIPLA Ltd at ₹1472 with a Stoploss level at ₹1445 to reach the target price of ₹1500.
The latest analysis of short-term stock trends reveals a significant bullish reversal pattern. The technical pattern indicates that the stock price may experience a brief pullback toward Rs. 1500.
Infosys Ltd: Dongre suggests purchasing Infosys shares at ₹1918 with a stop-loss at ₹1900 to reach a target price of ₹1950.
The stock experienced a reversal price action formation at ₹1918 because we have seen major support around Rs. 1890.
The analyst Dongre suggests purchasing HDFC Life Insurance Company Ltd shares at ₹633 with a stop loss level at ₹655 and expects the stock to reach a target price of ₹615.
