Midcap Mantra: – At present, Sensex and Nifty were seen trading in the market in a strong decline. The Sensex saw a slowdown of more than 350 points and the Nifty more than 80 points. Talking about midcap shares, the shares of NMDC, Nalco, Jindal Stainless and SAIL were seen from the metal sector. At the same time, the shares of Torrent Pharma, Glamork Pharma, Aurobindo Pharma and Aarti Pharma saw an increase in the pharma sector. Among government banks, the shares of Punjab National Bank, Bank of Maharashtra, Bank of Baroda and Bank of India were seen in the lat mark. Whereas Sonata Soft, Sanskane Tech, Ramco Systems, and Happy Mind of IT sector saw a selling. Meanwhile, Nirav Chheda of Nirmal Bang Securities today told some good stocks for trading in the moving market at the Midcap Mantra of CNBC-Awaaz. He gave his opinion on the market today to bet till market closing.
NIRMAL Bang Securities’s Nirav Chheda’s opinion on Nifty
Nirav Chheda of Nirmal Bang Securities said that there is an important resistance at 23700 in the spot in the market. It has a resistance zone of lower top and lower bottom. We have seen the market coming down from this level. There is 50 Day Moving Average. In this way two important resistance has been seen. Till the two resistance crosses on the closing basis, it will not have too big baiing. In this, we will continue to watch resistance or selling in the top.
In this, the opportunities of baiing should not be found yet. Baiing opportunities should be discovered above 23700. Currently, the lower top and lower bottom formation is going on, so the Nifty may decline. This can make the Nifty slip up to 23500. If the Nifty falls to this level in a couple of days, it can be a little bit of baying.
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Nirav Chheda’s bank Nifty of NIRMAL BANG Securities
On the bank Nifty, Nirav Chheda said that it is seen near the 52 -day moving average 50600. Bank Nifty has also fallen down from there. We feel that the bank Nifty may come down by 49500. It is advisable that today there should be a purchase opportunities if bank Nifty declines. Overall, it would be advisable to adopt the strategy of by -on dips in the Nifty.
NIRMAL BANG Securities Nirav Chhedi Favorite Stocks
BEL FUTURE: Sell – Rs 276, Target – Rs 260, Stoploss – Rs 285
GSFC Future: Buy – Rs 209, Target – Rs 225, Stoploss – Rs 202
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