Stock market today: The Indian stock market closed with heavy losses on Friday, April 4, because weak global signals weighed on investor sentiment in the midst of a continuous trade war between the United States and other world countries. The Nifty 50 -Index closed 1.49 percent lower at 22,904.45 points, compared to 23,250.10 points on the previous stock market.
The BSE Sesex index closed 1.22 percent lower at 75,364.69 points, compared to 76,295.36 points on the previous stock market.
Donald Trump rates
The US stock markets crashed on Friday after China took revenge with an extra rate of 34 percent for all imports of American goods. This led the Wall Street to process its worst trade session since the COVID-19 Pandemie.
The Dow Jones Industrial Average (Djia) refueled more than 2,200 points before it was closed 5.50 percent lower at 38,314.86 points. The Tech Stock-Heavy Nasdaq Composite lost more than 900 points and closed 5.82 percent lower on 15,587.79 points, compared to 16,550.61 points in the previous American market.
The S&P 500 closed 5.97 percent lower at 5,074.08 points, compared to 5,396.52 points at the previous market. The rates of 10 percent ‘Baseline’ of Donald Trump came into force on Saturday 5 April for all imports in the United States.
Shares to buy today
Sumeet Bagadia, executive director at Choice Broking, today recommended two share choices. Ganesh Dongre, senior manager of technical research at Anand Rathi, presented three shares on Monday.
Shiju Koothupalakkal, senior manager and technical research analyst at PL Capital in Prabhudaslilladher, also ordered three shares for Monday.
These include Apollo Hospitals Enterprise, Marico, Icici Bank, Axis Bank, Indus Towers, Tourism Finance Corporation of India and Gujarat Ambuja Exports.
Sumeet Bagadia shares to buy today
1. Apollo Hospitals Enterprise Ltd. (Apollohosp): Buy at £6.714.55; Focus on £7.193; Stop loss at £6.487.
ApolloHospel is currently traded on £6,714.55, after they recently returned from lower levels while they formed a bullish hammer candlestick pattern on the daily time frame. Moreover, the shares has followed a higher higher low structure, which re -confirms its persistent long -term uprising. These bullish prospects are further supported by rising trade volumes, which indicates a strong purchase interest from investors. An outbreak above the most important resistance level of £6,800 the stock may be possible to the short -term objective of £7,193.
The share is also comfortably traded above its 20-day, 50-day and 200-day exponential advancing averages (EMAs), which further strengthens the positive process. The relative strength index (RSI) is 62.70 and remains trends upstairs, which indicates an increasing buying momentum.
On the other hand, immediate support is placed on £6,600, with a recommended stop-loss at £6.487 to effectively manage risks. Given the favorable technical arrangement and prevailing market conditions, Apollohospas offers a strong buying option. However, traders must remain careful, adhere to disciplined risk management strategies and wait for confirmation of the outbreak before they initiate new positions.
2. Marico Ltd. (Marico): Buy at £677.3; Focus on £725; Stop loss at £653.
Marico is currently being traded at the levels of 677.3, the share has witnessed a strong rebound of recent lows, which forms a pattern with double soil, indicating a potential trend domination. This pattern is a classic bullish formation that suggests that the stock has found a strong base and is ready for an upward movement. The share is also traded above the 20-day, 50-day, 100 days and 200 days of exponential advanced averages, which further strengthens the bullish sentiment. The successful recovery of these levels confirms a shift in Momentum, which favor the bulls. The stock is successfully broken over 673, which confirms the outbreak. The next key resistance is at 690, and a decisive movement above this level can lead to a short -term objective of 725.
On the other hand, there is immediate support at 662. The relative strength index (RSI) is currently at 71.81 and trending upwards, as a result of a growing purchase momentum. In order to manage the risk effectively, it is proposed to protect a stop-loss at 653 against any unexpected market intervals.
In conclusion, based on the technical analysis and current market conditions, Marico offers a promising option for those who strive for a purpose of 725, provided that there are appropriate risk management strategies.
Ganesh Dongre shares to buy today
3. ICICI Bank Ltd (Icicibank): Buy at £1,335; Focus on £1,365; Stop loss at 1,290.
We have seen great support in this stock £1.290. So, at the present time, the shares again saw a reversal price -promotion formation at the price £1,335 price level, which can continue its rally at the next resistance level of £1,365 so that traders can buy this share and hold with a stop loss of £1.290 for the target price of £1,365 in the coming weeks.
4. Axis Bank Ltd. (Axisbank): Buy at £1.090; Focus on £1,130; Stop loss at £1,060.
In the recent short -term trend analysis of the share, a remarkable and continuous bullish pattern has emerged. This technical pattern indicates the potential for an extensive retracement in the price of the shares, with the possibility of reaching the target level of £1,130. The stock currently has a critical level of support at £1,060, which serves as an important marker for risk management.
Given the prevailing market conditions, traders are advised to consider taking a buy position, to benefit from the Bullish Momentum. It is crucial to implement a strategic stop-loss with £1.060 to effectively manage the downward risk. This approach protects against potential adverse price movements while retaining a favorable risk-to-balance ratio.
The target price for this trade has been set at £1,130, as a result of the expected continuation of the bullish trend. A successful movement to this goal would confirm the strength of the current upward momentum. Traders must follow the price promotion closely and adjust their positions accordingly to maximize potential profit.
5. Indus Towers Ltd. (Industower): Buy at £350-360; Focus on £385; Stop loss at £335.
A remarkable bullish reversing pattern has emerged in the recent short -term trend analysis of the share. This technical pattern suggests the possibility of a temporary retracement in the price of the stock, which may be completed £385. Currently, stock is retaining a crucial level of support £335. Given the current market price of £350-360, a buying option is coming up. This suggests that investors could consider buying the share at the current price, anticipating an increase in the identified target of £385.
Shiju Koothupalakkal -shares to buy
6. Tourism Finance Corporation of India Ltd. (TFCILTD): Buy at £178.80; Focus on £190; Stop loss at £174.
The share has recently witnessed a gradual increase that will be strength that goes beyond the important 200 -period ma in 165 zone and has room for further upward movement in the coming days. The RSI is increasing and gets strength and can continue with the positive movement in the upcoming sessions. With the graph technically well positioned, we recommend buying the stock for an upward target of 190 that preserves the stop loss of 174.
7. Marico Ltd. (Marico): Buy at £677; Focus on £710; Stop loss at £662.
The stock has witnessed a considerable withdrawal of the layer made near 578 zone to form a double soil formation on the daily map and to go beyond the 50EME and 200 period MA at 630 and 650 levels respectively, has strengthened the trend, anticipating the further increase in the coming days. The RSI is steadily in the rise, which points to strength and has a lot of upward potential to continue with the positive movement. Because the graph looks technically good, we recommend buying the stock for an upward target of 710 that keeps the stop loss of 662 level.
8. Gujarat Ambuja Exports Ltd. (Gael): Buy at £116.50; Focus on £122; Stop loss at £114.
The stock after the considerable correction has shown signs of soil in the 100 zone and currently with a positive candle formation on the Daily Chart to move decisively beyond the 50EM level of 110, has improved the bias that anticipates further rise in the upcoming sessions. The RSI is increasing and wins strength and has a lot of upward potential visible from the current speed. Because the graph looks technically attractive, we recommend buying the stock for the goal of 122 to maintain the stop -loss of 114 -level.
Safeguard: The views and recommendations that have been made above are those of individual analysts or brokerage companies, and not from Mint. We advise investors to check with certified experts before we make investment decisions.
