Stock to buy under 100: Following the prejudice of a strong global markets, the Indian stock market ended more for the fourth straight session on Thursday. The Nifty 50 index scored 414 points and closed at 23,851, the BSE Sensex increased by 1508 points and closed at 78,553, and the bank Nifty index rose 1172 points and closed at 54,290. In a holiday-trunk week, the Nifty was 4.48%, the most weekly growth since the week ended on 5 February 2021. The days ended in all Sectoral Index Green, leading the benefits with Nifty Banks, Financial Services, PSU banks and pharma sectors.
Stock market next week
Mehul Kothari, vice -president of technical research at Anand Rathi, believes that the Indian stock market is in a bull’s trend, and the Nifty 50 index may soon touch 24,200 and 24,600. However, Anand Rathi expert said that the Nifty Bank Index has crossed all DEMA levels and is expecting some profit-booking in frontline banking stocks. He suggested buying shares that look strong on the technical chart.
Speaking on the Outlook of the Nifty 50 index, Mehul Kothari said, “The Nifty 50 index staged a strong upside-up after testing the 38.2% Fibonacci retracement level of the major rally for the lowest level of June 2022. Hormonic ratio- a classic” rough brakedown “level that often has a strong rebellious. Facing an obstacle at 24,200. Reaching this barrier may soon open the possibility for the next target of 24,600.
On the Nifty Bank Index Outlook, Anand Rathi’s Mehul Kothari said, “Bank Nifty has shown strong motion compared to the Nifty in recent seasons, rally rally after dissolving a 52,000 mark and moving above 54,200. Respectively.
Stock to buy under 100
To buy about ₹ 100 “> shares 100, Anand Rathi’s Mehul Kothari recommended to buy or sell these three: Yes Bank, NFL and Trident.
1]Yes Bank: Purchase 18, target 19.80, Stop Loss 17.10;
2]NFL: Purchase 85, Target 89, Stop Loss 83; And
3]Trishul: Purchase 27, target 28.50, Los Stop 26.20.
Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.
