India Vicks, the market fear barometer, fell 1.56% to 15.42 on Wednesday, showing a slight moderation in the risk of risk.
The Nifty is slowly moving towards the side-to-Bullish trend, as it continues to respect the key support zone while attracting the interest of continuous buying on DIPS, experts suggest.
“The Nifty index remains below its short -term dynamic average, allowing it to suddenly sensitive to instability spikes. “22,800 zones have developed in critical support levels, said Derrivatives analyst Dhupash Dhameja,” said Dhapash Dhameja, derivatives analyst at Semco Securities.
“However, unless the index decisively surpasses the 23,200 barrier, the above movements are likely to face strong resistance due to constant Call Lt writing and technical barriers.”
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Since market volatility is pending elevated, 22,900-222,800 ranges emerged as a key inflection zone where put authors are firm.
“Given the current market structure and ongoing uncertainties, the ‘buy on dips’ approach is convenient,’ Dhamja recommended.
“Immediate resistance is recorded at 23,200, while key support is 22,800. The crucial breakout beyond this trading range will be crucial to determine the next directional trend of the market, “he added.
We have collected a list of shares from the F&O basket with the cash market of various experts for traders with short -term trading horizons:
Expert: Jayanit Vora, CMT – Research Analyst, IIFL told Etiburo
UPL: Buy | Target Rs. 685 | Stop loss of Rs 625
Hindalco: Buy | Target 653 | Stop 602 ROS
Interglobe Aviation: Buy | Target Rs. 4620 | Turn off the loss in 4254
Expert: Kunal Bathra, a market specialist told Atan
UPL: Buy | Target Rs. 675 | Stop loss of Rs 630
Redington Limited: Buy | Target Rs. 260 | 233 R.O.S.
Expert: Independent technical analyst Nuresh Marani told ET
HDFC Bank: Buy | Target Rs. 1780 | Stop damage in 1710
Geo Financial: Buy | Target Rs. 250 | Turn off a loss of 220 rupees
Welspun Living: Buy | Target Rs. 140 | Stop a loss of Rs 117
(Connection: The recommendations, suggestions, views and views of the experts are their own. This does not represent opinions of economic time)
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