Buy and sell stocks: The wealth erosion of Indian stock market investors continues to take place at its seventh consecutive session on Thursday. The Nifty 50 index fell slightly in the 22,545 tier, with the BSE Sensex adding 10 points and ending at 74,612 tier, while the bank’s Nifty Index ended with 135 points at 48,743. The wider market is still under enormous sales pressure and the continued insufficient benchmark index. In its fourth straight meeting, the stock decline exceeded the forward stocks, while the BSE advanced sorting ratio reached 0.32, the lowest since February 14. However, after the RBI withdraws the increase in banking risks of non-bank financial companies, NBFC and select banks gained growth after the RBI increased risk, thus sending several NBFC stocks, which has increased again.
Stock market today
Vaishali Parekh said on the outlook for today’s Nifty 50: “The Nifty 50 index ended at the expiration date of the F&O month, with a static meeting in the ongoing situation, approaching 22,500 areas, and among the market participants, there is a very cautious attitude in the index 00 areas and witnessing some stability.
“The bank’s nifty index improved compared to the beautiful one, but found a tough obstacle to resistance around 49,000 areas and again dropped to nearly 48,700 levels in the last few hours of volatility, and maintained a cautious bias and a positive attitude with caution Parek said:
Vaishali Parekh of Prabhudas Lilladher added that support for Nifty is 22,300 today, while resistance is 22,800. The bank Nifty’s daily range is 48,000 to 49,500.
Vaishali Parekh’s in-disk recommendations
Regarding today’s intraday stocks, Vaishali Parekh recommends these three types of stocks to buy or sell: Adani Green Energy, SBI and ICICI Bank.
1]Adani Green Energy: sell ₹808, Target ₹770, stop loss ₹835;
2]SBI: sell ₹702, Target ₹680, stop loss ₹720; and
3]ICICI Bank: sell ₹1220, Target ₹1200, stop loss ₹1240.
Disclaimer: This story is for educational purposes only. The above views and suggestions are those of an individual analyst or brokerage firm, not mint. We recommend that investors contact certified experts before making any investment decisions.
