Stock market today: Trade set up for Nifty 50 to Sensex, seven stocks to buy or sell on Friday — 19th April

Trade acceptable up for banal marketplace today

On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst astatine HDFC Securities said, "The affirmative illustration signifier similar higher tops and bottoms is intact. As agelong arsenic Nifty sustains supra 21700 levels, the chances of an upside bounce from the lows arsenic per this signifier are likely. The short-term inclination of the Nifty remains weak. There is simply a anticipation of immoderate much weakness down to 21800-21700 levels successful the coming sessions. Immediate absorption is astatine 22125 levels."

Also Read: Day trading stocks to buy: Anand Rathi adept recommends 3 shares to buy

On the outlook for the Bank Nifty today, Kunal Shah, Senior Technical & Derivative Analyst astatine LKP Securities said, "The Bank Nifty Index remains nether bearish control, with immoderate upward movements facing assertive selling, highlighting a prevailing "sell connected rise" sentiment among traders. The large absorption for the scale is positioned astatine 48,000, wherever important call-writing enactment has been observed, indicating beardown absorption astatine this level. The wide marketplace code continues to beryllium bearish, and if the selling unit persists, the scale could trial its adjacent large enactment level astatine 46,500, wherever the 100-day exponential moving mean (EMA) is located."

On the outlook for the Indian stock marketplace today, Siddhartha Khemka, Head of Retail Research astatine Motilal Oswal said, "Overall we expect volatility to proceed successful the marketplace successful the lack of immoderate large affirmative trigger, portion absorption volition proceed connected stock-specific enactment amid earning season. Infosys and Bajaj Auto volition beryllium successful the limelight arsenic some companies declared their results connected Thursday aft the marketplace close. On the planetary front, investors volition ticker retired for US Existing location income data."

Buy oregon merchantability banal ideas by experts

On stocks to bargain today, banal marketplace experts — Sumeet Bagadia, Executive Director astatine Choice Broking; Shiju Koothupalakkal, Technical Research Analyst astatine Prabhudas Lilladher; and Drumil Vithlani, Technical Research Analyst astatine Bonanza Portfolio — recommended 7 buy oregon sell stocks for today.

Sumeet Bagadia's stocks to bargain today

1] Astra Microwave Products: Buy astatine ₹695, people ₹733, halt nonaccomplishment ₹975.

ASTRAMICRO Industries has precocious exhibited a breakout from the captious absorption portion of ₹640 to ₹685 connected the regular chart, consolidating the determination with higher highs and higher lows. This breakout is supported by a notable summation successful trading volume, indicating beardown bullish sentiment.

2] KSB: Buy astatine ₹4507.75, people ₹4747, halt nonaccomplishment ₹4399.

KSB is exhibiting beardown bullish momentum, presently trading astatine an all-time precocious of ₹4545.45 levels. The caller breakout supra the important absorption astatine ₹4200 levels is simply a important method development, supported by robust trading volumes, reinforcing the spot successful the stock. The breakthrough suggests a imaginable continuation of the upward trend, offering an optimistic outlook for investors.

Shiju Koothupalakkal's shares to bargain today

3] Kalpataru Projects: Buy astatine ₹1177, people ₹1220, halt nonaccomplishment ₹1150.

The banal has witnessed a dependable emergence successful the past 2-3 months with presently maintaining a affirmative bias has regained spot to expect for further emergence successful the coming sessions. The RSI is good placed and has the imaginable to transportation connected with the affirmative determination further ahead. We suggest buying the banal for an archetypal people of ₹1220 level keeping the halt nonaccomplishment of ₹1150 level.

4] Eveready Industries: Buy astatine ₹353, people ₹370, halt nonaccomplishment ₹345.

The banal has witnessed immense measurement information with terms enactment indicating betterment successful the bias and further emergence tin beryllium anticipated. The RSI is connected the emergence indicating spot and with overmuch upside imaginable visible, tin summation further. We suggest buying the banal for an archetypal people of ₹370 level keeping the halt nonaccomplishment of ₹345 level.

5] Century Textiles: Buy astatine ₹1806, people ₹1895, halt nonaccomplishment ₹1760.

The banal maintaining a beardown inclination has erstwhile again regained aft the abbreviated dip, to proceed with the upward determination and anticipating a further emergence successful the coming sessions. The RSI has cooled disconnected to immoderate grade from the highly overbought portion and presently with spot indicated has the imaginable to transportation connected with the affirmative determination further ahead. We suggest buying the banal for an archetypal people of ₹1895 level keeping the halt nonaccomplishment of ₹1760 level.

Drumil Vithlani's intraday stocks

6] Bharti Airtel: Buy astatine ₹1265 to ₹1266, people ₹1305, halt nonaccomplishment ₹1245.

Bharti Airtel is seen to beryllium breaking retired of an Ascending triangle connected the regular clip framework and making a Strong bullish candlestick which is wherefore a bargain proposal is initiated for targets up to ₹1305 One tin initiate a bargain connected a dip successful the scope of 1265-1266 with halt nonaccomplishment beneath ₹1245 connected regular closing basis. The terms is trading supra the short-term EMA (20) indicating an uptrend successful the security. The RSI is present trading successful the bluish absorption supporting the terms action.

7] Jio Financial Services: Buy astatine ₹377 to ₹378, people ₹388, halt nonaccomplishment ₹373.

Jio Financial Services stock terms is seen to beryllium breaking retired of scope connected the regular clip framework and making a bullish candlestick which is wherefore a bargain proposal is initiated for targets up to ₹388. One tin initiate a bargain connected dip successful the scope of ₹377 to ₹378 with halt nonaccomplishment beneath ₹373 connected a regular closing basis.

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 19 Apr 2024, 08:31 AM IST