stock market
After the huge ups and downs of the last few weeks, the stock market has finally heaved a sigh of relief. The news of easing of geopolitical tensions around the world, especially between America and Iran, has restored the wavering confidence of investors. The direct impact of this improving global sentiment has been seen on the Indian stock market, where Sensex and Nifty have ended the business with a strong gain for the second consecutive week.
Where are the opportunities being created amid the boom?
The path to profit in the stock market never runs in a straight line. In the last trading session, Nifty 50 had started the day with slight sluggishness, but as the day progressed, buyers took the lead strongly. In the end, the market closed with a spectacular rise of about 156 points (0.65%). Sumeet Bagadia, Executive Director of Choice Broking and well-known market expert, estimates that at present the level of 24,500 to 24,550 will act as a resistance for Nifty. At the same time, on the downside, there is a very strong support between 24,150 and 24,200.
If we talk about Bank Nifty, there is tremendous excitement there too. It has closed after crossing 56,565.7. On the technical front, the RSI of Bank Nifty is at 56.05, which is an indication of a mild bullish trend in the market. Experts are advising to adopt the strategy of ‘buy-on-dips’ in banking stocks, where good support is visible at the level of 56,000.
Shares worth less than ₹ 100, on which experts have placed bets
Retail investors often look for such shares which have low price but high return potential. If your budget is also limited and you are looking for strong stocks priced under ₹100, then Sumeet Bagadia has identified three great options.
- Trident: This share is currently trading around ₹26.12. Experts have set a strong target of ₹ 27.94 in this. For safe investment, it would be best to set stop loss at ₹25.2.
- NMDC: Shares of this giant company are looking very attractive at the price of ₹ 89.78. The next target of this stock is ₹96.06, while you can reduce the risk of your investment by placing a stop loss of ₹86.5.
- NBCC India: The share of this important company in the infrastructure sector is ready for investment at ₹ 94.32. There is full hope that it will go up to ₹101 in the coming time. While making purchases, maintain a stop loss of ₹ 91.01.
Also read- Ola Electric Share: Stormy rise of 74% in 1 month! Bet now, reap profits or stay away?
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
