On the first day of the week, the stock market index initially fell by 700 points and then rose by 300 points. The market gained nearly 1000 points in a single day. On Tuesday as well, the Nifty and Sensex indices rose slightly from the morning. Experts believe that the market will remain volatile in the short term. The market may experience some fluctuations due to geopolitical reasons and during the period when companies' third-quarter results are released. Nifty 50's resistance is seen at 26000-26100. Good support exists at 25600-25650.
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Vishnukant Upadhyay, AVP of Research & Advisory at Master Capital Services, believes that several good stocks can be invested in for the short term (1-2 weeks). He has recommended several stocks.
Reliance Industries
Buy: ₹1480. Target: ₹1575 and ₹1610. Stop Loss: ₹1406
Varun Beverages
Buy: ₹493. Target: ₹525 and ₹540. Stop Loss: ₹469
Bank of Maharashtra
Buy: ₹63.5. Target: ₹68 and ₹70. Stop Loss: ₹60.60
Hitesh Teils, Technical Research Analyst at Choice Broking, has recommended several stocks.
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Vedanta
Buy: ₹627.35. Target: ₹680. Stop Loss: ₹600
Chennai Petroleum Corporation
Buy: ₹808.55. Target: ₹920. Stop Loss: ₹760
Bank of Maharashtra
Buy: ₹63.77. Target: ₹68.62. Stop Loss: ₹61.89
{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.}
