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Buy or sell indicator: Anuj Gupta recommends 3 stocks to buy after stock market holiday


Buy or sell stocks: The Indian stock market closed in the green on Wednesday as a result of buoyant sentiment across the world’s markets following the resolution of the US banking crisis. The Nifty 50 index finally reached the 17,000 level on Wednesday, gaining 129 points, after briefly trading below 17,000 and above 16,800. The Nifty Bank index rose 342 points to 39,910, while the 30-stock BSE Sensex gained 346 points to close at 57,960. On Wednesday, the small-cap and mid-cap indices generated alpha returns in the broader markets, with the small-cap index rising 1.68 percent and the mid-cap index rising 1.67 percent, respectively.

Stocks to buy after stock market holiday

According to IIFL Securities Vice President-Research Anuj Gupta, the Nifty is still trading in the range of 16,800 to 17,200 and faces strong resistance near the 17,200 level. According to an expert at IIFL Securities, a break on either side of the range on Dalal Street indicates either a bullish or bearish trend. According to Anuj Gupta of IIFL Securities, the Nifty Bank index has broken through the 39,500 level following the short covering trigger. At the point when gotten some information about stocks to purchase for Friday, Anuj Gupta prescribes three stocks to trade for Friday and those three intraday exchanging stocks are HDFC Bank, ONGC and JSW Steel.

Buy or Sell Indicators for Friday

“Clever retesting 17,000 is a decent tune, however it ought not be taken as a marker for a bullish meeting in the approaching meetings. Nifty is still trading between 16,800 and 17,200 and is either bullish or bearish. It is possible to think about a break on either side of the range. “However, we are expecting further upside in Nifty Bank, as the index has seen short covering since the breakout at the 39,500 level,” Anuj Gupta stated.

The market is anticipating further clarity on the US bank crisis from the US Fed and President Joe Biden’s revival plan over the collapse of Silicon Valley Bank (SVB), according to Anuj Gupta of IIFL Securities. won’t be sufficient to change the temperament of the market across the globe.

buy or sell stocks for friday

As previously stated, IIFL Securities’ Anuj Gupta has recommended three intraday stocks for Friday. The following is a comprehensive list of the three trading stocks for those three days:

One] HDFC Bank: Buy CMP with a stop loss of 1565 at Target 1620;

2]ONGC: Buy CMP, set a stop loss at 142, and target 160; Thirdly, JSW Steel: Buy now with a target of CMP 710 and a stop loss of 654.

Disclaimer: The perspectives and proposals given above are those of individual investigators or broking organizations and not of o2help. Before making any investment decisions, we recommend that investors conduct due diligence with licensed professionals.


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