On November 2, the market started with a sharp rise in the early trade and the Nifty also touched the level of 18000, but as the trading day progressed, the market appeared to be in the range and closed in the red mark at the end of trading.
At the end of yesterday’s trading, the Sensex closed at 60,029.06, down 109.40 points, or 0.18 per cent. On the other hand, Nifty closed at 17,888.95, down 40.70 points or 0.23 per cent. Selected IT, FMCG, Pharma and Metal stocks put pressure on the market. However, the small-medium stocks outperformed the giants. In yesterday’s trade, Nifty Midcap index closed with a gain of 0.83 per cent and Smallcap index by 1.02 per cent.
RBL Bank, Bandhan Bank, Indiabulls Real and Shriram Transport were in the news yesterday. RBL Bank was the top gainer in the futures & options segment yesterday. The stock closed at 206.75 with a gain of 11.76 per cent. On the other hand, Indiabulls Real yesterday closed at 176.50 with a gain of 9.32 per cent after consolidation of the last few weeks.
Bandhan Bank was also in action yesterday and proved to be the third biggest gainer in the F&O segment. In yesterday’s trade, with a gain of 8.08 percent, it had closed at 311 level. On the other hand, Shriram Transport Finance went up by 10.17 percent to a new 52-week high of 1,624.70 before closing at 1576.20.
Now let’s know the opinion of Mazhar Mohammad of chartviewindia.in on what to do in these stocks.
RBL Bank– There is a bullish trend in this stock, which can take it to the higher level, but for now, it would be advisable on this stock to buy a new one only after getting it around Rs 197 on any fall. 184 for this Put a stop loss of Rs. Those who have this share should stay in it for a target of Rs 212.
Indiabulls Real Estate– This stock is also advised to buy on the downside. For this put a stop loss around Rs 161. If this stock crosses the level of Rs 186, then the level of Rs 230 can also be seen in it.
Bandhan BankIn the event of a fall in this stock, only if it is found between Rs 298 – 290, a new buy will be advised. For this, keep a stop loss of Rs 184 on closing basis.
Shriram Transport Finance Corporation– Positional traders for this stock would be advised to keep a close target of Rs 1,790 with a stop loss of below Rs 1500 on the stock. For fresh buys, wait for this stock to meet around 1,550 and 1530 on any downside.
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