The markets are currently apprehensive ahead of the US Fed policy, resulting in a downward trend from the higher levels.
Nifty Bank has slipped below 44,000, while the midcap segment is striving to recover.
In the midst of this volatility, metal stocks are gaining traction due to falling interest rates in China, with the Nifty Metal index witnessing a 2 percent surge.
Notably, SAIL, Tata Steel, and JSW Steel have experienced significant jumps of 1.5 to 3 percent.
However, JP Morgan has expressed caution regarding the IT sector, projecting disappointing results for numerous companies in the first quarter and subsequent half.
Infosys, TCS, and Mphasis have been placed on the negative watch list by JP Morgan.
In light of these market conditions, seasoned experts have shared their buying recommendations based on technical analysis during a segment on CNBC-Awaaz.
Let’s take a closer look at the stocks suggested by the experts:
1) Prakash Gaba’s pick from prakashgaba.com:
Polycab: Prakash Gaba recommends buying Polycab, setting a target of Rs 3,625-3,650 with a stop loss at Rs 3,555.
2) Manas Jaiswal’s pick from manasjaiswal.com:
AB Fashion & Retail: Manas Jaiswal advises buying AB Fashion & Retail, targeting Rs 220 with a stop loss at Rs 205.
3) Rajesh Satpute’s advice:
Cummins India (Futures): Rajesh Satpute suggests a BUY call on Cummins India, targeting Rs 1,900 with a stop loss at Rs 1,825.
4) Ashish Chaturmohta’s recommendation from JM Financial Services:
Dalmia Bharat: Ashish Chaturmohta recommends buying Dalmia Bharat, targeting Rs 2,250-2,300 with a stop loss at Rs 2,100.
5) Prashant Sawant’s advice from Catalyst Wealth:
Titan (Futures): Prashant Sawant advises buying Titan, targeting Rs 2,960-2,980 with a stop loss at Rs 2,890.
6) Ashish Beheti’s choice:
Tata Steel: Ashish Beheti suggests a buy call on Tata Steel, with a target of Rs 114 and a stop loss at Rs 109.5.
7) Mayuresh Joshi’s recommendation from William O’Neil:
IRFC: Mayuresh Joshi proposes a buy call on IRFC, targeting Rs 39 with a stop loss at Rs 31.6.
It is important to note that these recommendations are based on technical analysis and market conditions at the time.
Investing in the stock market involves risks, and it is advisable to conduct thorough research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions.
