Stocks to buy on 19 Sept: The Indian market fell almost two per cent with Nifty50 slipping below 17,550, while the Sensex declined by almost 1100 points, however, early trends for the domestic market remained flat to negative on Monday.
Traders Diary 19 Sept, 2022: The Indian market fell almost two per cent with Nifty50 slipping below 17,550, while the Sensex declined by almost 1100 points, however, early trends for the domestic market remained flat to negative on Monday. SGX Nifty traded flat, the US market ended in the red for the second day in a row, while Asian indices traded mixed in early trend on Monday.
In opening trade on Monday, though SGX Nifty traded in the green, but remained below 17,600. The index gained over 25 points to trade near 17590 in the early trade on the Singaporean exchange on Monday.
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In the Asian market, Hang Seng Index at the Hong Kong Exchange dropped nearly half per cent, while Chinese Shanghai Composite gained 0.25% in early trade on Monday. Meanwhile, there was no trading seen on Japanese Nikkei 225 to mark respect for the Aged Day.
On Friday, Dow Jones Industrial Average dropped 139.40 points, or 0.45%, to close at 30,822.42. The S&P 500 shed 0.72% to end the week at 3,873.33. The Nasdaq Composite slid 0.90% to finish at 11,448.40.
Speaking about triggers ahead, Santosh Meena, Head of Research, Swastika Investmart Ltd, we were showing resilience despite weak global cues but we can’t remain isolated for long.
“As a result, traders booked out some profit over the weekend. The global markets are looking nervous after US inflation numbers, which have caused the dollar index to hover around 110. US 10-year bond yields are at a multiyear high of 3.5%, and now everyone is eyeing the outcome of the upcoming US FOMC meeting, which is scheduled for September 22nd. On the same day, the Bank of England will announce its interest rate decision,” he said.
Apart from this, the institutional flows will play a critical role because foreign investors have turned sellers after continuous buying for the last month,” said the expert, adding that the domestic institutional investors are also showing some reluctance at higher levels.
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Meanwhile, Zee Business brings you a list of 20 stocks from cash, techno, and F&O space. These stocks have been picked keeping in view investors’ short-to-long term requirements. The list also comprises intraday calls for good returns on a given day. Below is the list of stocks.
Ashish Chaturvedi Stock Picks
CASH
BUY JK TYRES TARGET 190 SL 180
FUTURES
BUY BALKRISHNA IND TARGET 1975 SL 1895
OPTIONS
BUY INTELLECT DESIGN 560 PE TARGET 40 SL 25
TECHNO
BUY CCL PRODS 550 SL 515
FUNDA
BUY NHPC TARGET 50 DURATION 12 MONTHS
INVEST STOCK
BUY 3M INDIA TARGET 29000 DURATION 12 MONTHS
STOCK IN NEWS
BUY CONCOR TARGET 750 SL 730
MY CHOICE
BUY DEVYANI INTL TARGET 197 SL 190
BUY RCF TARGET 106 SL 102.50
BUY RELAXO FOOTWEAR TARGET 1100 SL 1060
MY BEST PICK
BUY NHPC TARGET 50 DURATION 12 MONTHS
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Kushal Gupta Stock Picks
CASH
OIL INDIA – BUY – 191, SL – 181
FUTURES
BAJAJ AUTO FUT – SELL – 3582, SL – 3710
OPTIONS
DELTA CORP 225 PE@13 – BUY – 20, SL – 10
TECHNO
TATA MOTORS FUT – SELL – 419, SL – 437
FUNDA
ZEN TECH – BUY – 240, DURATION – 6 MONTHS
INVESTMENT STOCK
TITAN – BUY – 3100, DURATION – 6 MONTHS
NEWS
WELSPUN CORP – BUY – 253, SL – 244
MY CHOICE
S P APPARELS – BUY – 430, SL – 411
CHENNAI PETRO- BUY – 284, SL – 271
MRPL – BUY – 73, SL – 68
MY BEST PICK
TATA MOTORS FUT – SELL – 419, SL – 437
