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Today, “Black Monday” was seen in the market. Concerns about inflation and rising interest rates in the United States led to strong selling in Indian markets. Nifty 400 then Bank Nifty broke over 1100 points. RIL, ICICI Bank, INFOSYS and HDFC Bank saw the biggest drop. The midcaps are also broken. There is a general selling mood in the market today. The NBFC, IT and Reality sectors saw the biggest declines. Metal Auto and Pharma are also weak.

On the other hand, the rupee saw a record drop for the third consecutive day against the dollar. The price of one dollar broke through Rs 78 for the first time. Experts say the rupee may slip to 79. But it is still stronger than other emerging countries.

The market did not appreciate the change in management of RBL Bank. The stock lost more than 18 percent. R Subramania kumar who was in charge of IOB was appointed managing director and CEO of the bank for 3 years.

LIC shares are down more than 5%. Today, the lock-in period for benchmark investors has ended. Anchor investors hold about 1% of the capital. On the other hand, Amazon suffered a major setback due to NCLAT. The Appeals Tribunal upheld the TCC’s decision. The company will have to pay a fine of Rs 200 crore in 45 days.

Rustomjee Group’s Keystone Realtors has filed for IPO with SEBI, know all the details

Talking about the continued movement of the market, Sameet Chavan of Angel One said that there is no upward trend in the market. However, even after that, we don’t expect a major market decline. We will be keeping an eye on market conditions in the early trading days of the current week. This week, the 16,000 level on the downside and the 16,400 level on the upside are very important.

Market participants would be advised to keep their positions light and only bet on certain stocks. We are seeing high volatility in the market on both sides. In fact, trends have gotten pretty tough over the past few weeks. In such a situation, we should keep an eye on which side the camel is sitting on. We still expect the market to see some recovery in the coming days. But for that to happen, US markets will have to improve.

Today’s 10 short term calls that can generate huge returns in 2-3 weeks

Sameet Chavan’s Angel One Short Term Photos

BPCL: Buy , LTP: Rs 331 | Buy BPCL with a stop loss of Rs 318 and a target of Rs 350. In 2-3 weeks, this stock can see a rise of 6%.

Thyrocare Technologies: Buy | LTP: Rs 717.40 | Buy Thyrocare with a stop loss of Rs 698 and a target of Rs 750. In 2-3 weeks, this stock can see a rise of 4.5%.

Prabhudas Lilladher’s Short Term Pictures of Vaishali Parekh

TVS Motor Company: Buy | LTP: Rs 763.65 | Buy TVS Motors with a stop loss of Rs 730 and a target of Rs 850. In 2-3 weeks, this stock can see a rise of 11%.

Apollo Hospitals Companies: Buy | LTP: Rs 3,700.5 | Buy Apollo Hospitals with a stop loss of Rs 3,500 and a target of Rs 4,100. In 2-3 weeks, this stock can see a rise of 11%.

Power of torrents: Buy | LTP: Rs 466 | Buy Torrent Power with a stop loss of Rs 450 and a target of Rs 520. In 2-3 weeks, this stock can see a rise of 12%.

Jatin Gohil’s short-term picks on Reliance Securities

Deepak Nitrite: Buy Now , LTP: Rs 1,853.4 | Buy Deepak Nitrate with a stop loss of Rs 1700 and a target of Rs 2278. In 2-3 weeks, this stock can see a rise of 23%.

Biocon: Buy , LTP: Rs 339 | Buy Biocon with a stop loss of Rs 312 and a target of Rs 388. In 2-3 weeks, this stock can see a rise of 14.5%.

Apollo tyres: Sell ​​| LTP: Rs 200.4 | Sell ​​Biocon with a stop loss of Rs 226 and a target of Rs 165. A return of 18 percent can be seen in this stock.

Short-term picks from Sachchidan and Uttekar of Tradebulls Securities

Capital Aditya Birla: Sell ​​| LTP: Rs 100.65 | Put a sell call on Aditya Birla Capital with a stop loss of Rs 106 with a target of Rs 90. This stock can see a return of 11% in 2-3 weeks.

Coal India: Buy | LTP: Rs 198.5 | Buy Coal India with a stop loss of Rs 190 and a target of Rs 220. In 2-3 weeks, this stock can see a rise of 11%.

Adani Companies: Sell ​​| LTP: Rs 2,203.1 | Sell ​​Adani Enterprise with a stop loss of Rs 2260 and a target of Rs 2020. In 2-3 weeks, this stock can see a return of 8.3%.

Short-term pick from Kotak Securities’ Shrikant Chauhan

Dr. Reddy’s Laboratories: Buy | LTP: Rs 4,351.55 | Buy Dr Reddy’s with a stop loss of Rs 4200 and a target of Rs 4640. In 2-3 weeks, this stock can see a rise of 7%.

Adani Ports: Sell ​​| LTP: Rs 726.4 | Sell ​​Adani Port with a stop loss of Rs 745 with a target of Rs 675. 7 percent return can be seen in this stock in 2-3 weeks.

Disclaimer: The opinions expressed on moneycontrol.com are the personal opinions of the experts. The website or the management are not responsible for this. Money Control advises users to consult a certified expert before making any investment decision.

(Disclaimer: Network 18 Media & Investment Ltd. is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)

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