Tuesday could not maintain Monday's rise. The market has been falling since morning. Around 12 noon, Sensex dropped by more than 500 points. Nifty has also been hit. Experts believe that investors have currently adopted a go-slow policy. Some profit booking is taking place. Besides, multiple aspects of the global economy are being monitored.
The American market had risen considering improvements in US-China trade relations, business growth and the Federal Reserve's rate cuts. However, problems remain due to the lack of resolution regarding the American government's shutdown decision and some other geopolitical reasons. This is believed to have impacted the stock market.
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In this situation, Riyang Aurora, technical analyst at Mehta Equities, believes that bullish momentum will be seen in Nifty 50 and Bank Nifty for now. Investors will have a tendency to buy in multiple sectors in the short term. In this environment, he has recommended several stocks for the short term.
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Here are the stocks
Jayaswal Neco:
Buy: ₹79, Target: ₹88/95, Stop Loss: ₹74
Sharda Cropchem:
Buy: ₹938, Target: ₹1020/1080, Stop Loss: ₹900
CEAT Ltd:
Buy: ₹4052, Target: ₹4250/4440, Stop Loss: ₹3950
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
