Market Prediction for Tomm | Stocks to Buy for Tomorrow 29 September 2023 | GoodReturns

last year

Benchmark indices struggled in trade on September 28. The market opened with minor gains but soon volatility seeped in, thanks to the expiry of the September F&O series today. Sharp selling ahead of the F&O expiry briefly pulled the Nifty below 19,500. All sectors struggled with losses, with information technology, banks -public and private, metals, pharma, FMCG, auto, energy and infra, all slumping 1-2%. Selloff was even more intense within the broader market.

Disclaimer: The views and investment tips expressed by experts on GoodReturns are their own, not those of the website or its management. GoodReturns advises users to check with certified experts before taking any investment decisions.

#Sensex #Nifty50 #BankNifty
~PR.100~HT.96~GR.124~

Transcript

00:00 [Intro Music]

00:05 Today, Nifty was in a very down and up mood.

00:09 But ultimately, we saw a decline in the market.

00:13 At present, if we look at the Nifty levels, we saw a closing of 19,523.

00:18 The market corrected by almost 200 points.

00:21 If we look at Sensex, it was closed at 65,500 with a correction of 600 points.

00:26 So, the market was in a down and up mood.

00:30 If we look at the sector, we can see the telecom and infra sectors are in a up and up mood.

00:36 We saw a sell-off in all the other sectors.

00:39 Be it IT, banking, pharma.

00:42 IT was in a down mood.

00:44 So, overall, the market is in a down mood.

00:47 I have already told you about Nifty.

00:49 Nifty is at a low of 19,500.

00:51 It was at a low of 750 and you can see that it is at 19,523.

00:56 If the level of 19,500 is broken, then the level of 19,300 will be visible in the market.

01:04 If we look at the support, it is at a strong support of 19,500.

01:08 If the market closes below this, then we will see a big decline.

01:14 The bottom is not visible as it was before 19,200.

01:19 So, you will definitely see a sector or a stock specific movement.

01:24 But the decline will continue.

01:26 Once you understand the levels and know which stocks have a top gainer and a loser,

01:34 then you will see L&T, ONGC, SBI, Axis, Bank, Bharti Airtel are gainers.

01:41 They have a 1.5 to 2% increase.

01:44 But if we go to the losers, then Asian Penn, Tech Mahindra, M&M, L&T, Britannia, SDFC Life, Titan

01:53 are the counters where we saw a long decline.

01:57 Long decline means that the market was corrected by more than 4%.

02:02 Now, the focus is on tomorrow.

02:03 As today was an expiry, you saw how the market behaved according to the expiry.

02:08 But which stocks should we focus on tomorrow?

02:10 Let's talk about one stock, MCX. I have given you a target of 2100.

02:14 It is near 2100 but the target of 2350 is still coming.

02:19 It will continue to grow fast.

02:21 The second is Adani Solutions.

02:23 This stock, Adani Energy Solutions, has come on a fast traction.

02:29 It will be seen to go up to 850.

02:31 We can focus on buying it.

02:33 And Manapuram is near 150.

02:36 It is also generating momentum fast.

02:40 It will be seen to go up to 155-160.

02:43 You can see the future stocks from the fast side.

02:46 Now, which stocks should we keep away from?

02:48 Most of the stocks should be kept away.

02:50 But, Scott, SGFC Life, Titan, M&M, Naukri, Aditya Birla Capital, McDowell, Trend, Piddly Light

03:02 Keep them away from all of them as there is still a correction in these stocks.

03:07 [Outro Music]

Market Prediction for Tomm | Stocks to Buy for Tomorrow 29 September 2023 | GoodReturns

Category

Transcript

Recommended