The Indian stock market is showing signs of decline once again. The Sensex and Nifty witnessed a fall on Thursday. On Friday, too, the indices dropped immediately after the market opened.
Around 11:10 AM, the Nifty 50 index fell by approximately 91.10 points. Bank Nifty dropped by around 268 points. The Sensex fell by approximately 169 points. Gold and silver ETFs also declined.
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, told the media that investors are investing cautiously in the Indian stock market. According to her, the Nifty 50 index has very important support at the 25,500 level. She believes that this index needs to stay above the 25,850 level to see momentum in the share market.
Vaishali has advised on several stocks for February 6. These are:
1. LIC
Buy: ₹840. Target: ₹880. Stop Loss: ₹820
2. GMR Power
Buy: ₹105. Target: ₹115. Stop Loss: ₹102
3. PNB Housing Finance
Buy: ₹840. Target: ₹885. Stop Loss: ₹825
{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.}
