Despite a strong positive start in the last trading session, the country's stock market witnessed a decline. On Monday, the Sensex fell by 64.77 points to 85,641 points. Nifty50 declined by 27.21 points to 26,175 points. The mid-cap index also fell, although the small-cap index rose marginally.
There is concern among investors and experts about the market situation on Tuesday. The indications from Gift Nifty suggest a higher possibility of a negative start in Tuesday's trading session.
Even in this environment, let's see which stocks market experts are optimistic about.
City Union Bank
The recent performance of this stock has raised hopes among investors. The stock price is currently ₹283. Its target price is ₹303, and the stop loss is ₹273.
ALSO READ | Market down, but defence stocks up, courtesy to Indian Army
One 97 Communications
Paytm's parent company stock also has a strong upward movement. This share's EMA is above the 20, 50, 100, and 200-day levels. This stock increased during the market decline in the last trading session. Its price is currently ₹1,368. Its target price is ₹1,465, and the stop loss is ₹1,320.
CG Power and Industrial Solutions
Stock analysts report that this company's stock is also forming a bullish pattern. This share's price is ₹670. Its target price is ₹690, and the stop loss is ₹655.
Indian Bank
Market analysts are also optimistic about this stock from the country's banking sector. The current price of this stock is ₹887. This stock has a strong support zone at ₹890. Its target price is ₹935, and the stop loss is ₹865.
{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.}
