Stock Market Today
The Nifty 50 and S&P BSE Sensex closed up by 0.3, with Nifty at 24,274.90 and Sensex at 80,234.08. Nifty Bank gained 0.21 to finish at 52,301.80. Energy and essence stocks led the earnings while pharma and garden were weak. Mid and small-cap rose 0.7- 1.3.
Trade Setup on Thursday The short-term trend in Nifty is positive because it sustains overall EMAs, videlicet, 5, 10, and 20 days. So immediate resistance point would lie at 24,700 and support lies around 24,075. still, 580 also some kind of weakness gets depicted by the stock, If Nifty Bank remains below its resistance of 52.
Global requests & Adani Focus Easing geopolitical enterprises and record highs on Wall Street lifted requests. Stocks of the Adani group gained after the group rejected bribery charges. Investors would also be looking for cues from US profitable data, similar as GDP growth and affectation data.
Stocks to Buy:-
1. Sumeet Bagadia's Picks
- Ganesh Housing Corporation Ltd Buy at ₹ 1241.1, target ₹ 1313.
- Eclerx Services Ltd Buy at ₹ 3462.85, target ₹ 3680.
2. Ganesh Dong re's Picks
- Buy SBI Life Insurance at ₹ 1507. Target ₹ 1545
- Buy ITC Ltd at ₹ 477. Target ₹ 490
- Buy Bharat Electronics Ltd( BEL) at ₹ 307. Target ₹ 322
Disclaimer: These are individual analysts' recommendations and not investment advice. Consult certified experts before making any decisions.
