Market view:The rupee’s position against the US dollar and rising crude oil prices have led to a sell-off in the stock market.

  • Even from an IPO like LIC, people will try to make a lot of money
  • Gujarat State Petronet, Tata Power, DLF stocks likely to improve

With the corporate results season and the Reserve Bank of India also raising concerns over inflation and lower economic growth estimates, the lack of any significant developments in the coming days could lead to a sell-off in the Indian stock market against the US dollar and crude oil prices.

In a profitable sale, every investor should take a phased approach to investing in fundamental stocks. Invest in dividend paid companies and debt free companies without any panic. Day traders and derivatives traders should insist on trading in momentum trading companies where volume base contracts are increasing with a non-stop focus.

Inflation and inflation in the domestic market are two factors that have a profound effect on the prices of petrol, gas, CNG, PNG, etc. The boom will try to release the sold money. And foreign investors are currently taking a sell-side approach. So every boom in the market can be seen selling.

Market view:The rupee's position against the US dollar and rising crude oil prices have led to a sell-off in the stock market.

Investment oriented stock for investors

Crompton Greaves Consumer (350)

The share price of this leading company of Household Appliances Group is currently hovering around Rs 344. The stock, which can be bought with a stop loss of Rs 330, is likely to fetch a price of Rs 363 to Rs 370 in the short term. Bullish focus on Rs 373.

DLF Limited (325)

Positive breakout around Rs.303 as per technical chart. The stock, which can be bought with a support of Rs 288, is likely to fetch a price of Rs 337 to Rs 350.

JK Paper (298)

With the first support of Rs. 283 and the second support of Rs.

Zensar Technology (300)

The stock of the technology sector has a short-term trading potential of Rs 313 to Rs 323. Take a non-stop look at Rs.288.

Gujarat State Petronet (255)

With the first support of Rs. 237 and Rs.

Zee Entertainment Enterprise (240)

With around Rs 227 support in this stock, Deliverybase investment is likely to show a price level of Rs 248 to Rs 253 on the back of local fund takers.

Tata Power (222)

Strong stoploss of the first near Rs 212 in this scrip is expected to have a potential weekly price of Rs 233 to Rs 240.

Alicon Engineering (178)

As per the technical chart, this stock of industrial equipment sector should be phased out by the investor around Rs. Consider Rs.163 non-stop in the short run.

With the central government

the RBI and the people of the country raising concerns, inflation in April remained disappointing at an eight-year high, with the Reserve Bank of India likely to raise interest rates again next month on the back of rising inflation. Concerned about rising inflation, the RBI last week raised the repo rate by 0.40 basis points to 4.40 basis points. Food and fuel prices are rising worldwide due to the war in Russia and Ukraine.

Nifty Future Technical Level

Nifty Futures Close ( 15783)

Strong Stop Loss of 15606 points and 15474 points of potential Nifty Future is likely to touch the critical level of 15888 points to 15909 points, 16006 points in terms of trading. Carefully position around 16006 points.

Bank Nifty Future Technical Level

Bank Nifty Futures Close (33083)

The next fluctuation is likely to touch the most important level of Bank Nifty Future 33673 points to 33474 points, 33606 points with respect to the first of 32676 points and the most important Strong Stop Loss of 32303 points. Carefully position around 33606 points.

global factors

the rise in Cowid’s cases at the global level has once again created a climate of panic in the global economy, with rising inflation and the liquidity crisis still looming. Rising inflation is becoming a risk. The rupee has fallen below Rs 77 against the US dollar due to volatility in inflationary pressures, prompting the world’s central banks to tighten monetary policy.

Future Traders Stock Specific Technical Level

Reliance Industries (2434)

According to the technical chart, this futures stock can be bought with the support of Rs 2370. The stock from the refineries & marketing sector is expected to move from Rs 2,477 to Rs 2,508 in the short term.

ACC Limited (2107)

This stock has the first significant support of Rs 2083 and the second very important support of Rs 2063. In terms of futures trading, the fundamentals will see the stock rise from Rs 2137 to Rs 2160.

HCL Technology (1053)

This stock with a futures of 700 shares is the first to be bought at Rs.1033 and with strong support at Rs.1017. The stock of the technology sector is likely to touch the weekly trading level of Rs 1077 to Rs 1090.

Davis Laboratories (4275)

As per the technical chart, the stock is expected to sell at around Rs 4370 with strong support of Rs 4404 to Rs 4240 to Rs 4180. Positive breakout above Rs.4404.

Hero MotoCorp (2453)

This stock can be sold at a stop loss of Rs. It is likely to show a price of Rs 2414 to Rs 2390 in the short run. Bullish focus on Rs 2508.

Bata India (1677)

According to the technical chart, the stock is expected to sell at around Rs 1690 with strong support of Rs 1717 to Rs 1640 to Rs 1616. Positive breakout above Rs.1717.

Author Nikhil Bhatt is a SEBI Registered Research Analyst and Proprietor of Investment Point.

Disclaimer: This is an article according to the study technical chart only. Hindispeaks.com does not recommend any stock.

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