During the last week session, a broad range of 15,900 to 16,400 of the consolidated index ended the with index just above the margine.
According to the experts of Investment Market, many has issued their concerns over rash buying and said that all buyers and sellers must avoid selling on rise as buying on dips looks better in terms of trade strategy in the current market price.
Guide for Stock Market today
In terms of trading strategy for today, Subhash Gangadharan who is the Senior Technical and Deriative Analyst said, “Upside momentum will pick up if the Nifty can cross the recent swing high of 16,415 which has been acting as a strong resistance recently. We recommend a stock specific approach and recommend buying shares from sectors that are showing relative strength.
Another point to be noted is that today, the experts recommend to buy 6 stocks today notably –
- Tech Mahindra
- Bandhan Bank
- State Bank of India
- Tata Steel
- Larsen and Toubro
- Hero Motorcop