The market was witness to a sharp selling for the fifth time in a row on the same day. Nifty broke the November low and slipped below 23700. All efforts of Bank Nifty to recover have also failed.
The situation is even worse in Midcap and Smallcap. Both indices have declined by a greater than 2%.
The Nifty Midcap Index is very close to achieving the 200-day moving average. Meanwhile, an all-round sell-off is being seen in the market. Auto, metal, and realty witnessed the biggest decline.
All three indices have slipped by about 2%. Government banks, capital goods, and pharma also fell by more than one percent.
In such a situation, amid this market movement, market giants are advising to bet on these 6 stocks where strong profits can be made.
Choice Of An Expert
Dixon Tech- The expert seems bearish on the stock of Dixon Technologies (India) Ltd. He believes that buying this stock with a stop loss of Rs 15140 is advisable. A target of Rs 14500 will be seen in this stock.
An Independent Stock Advisory And Investment Firm Advisory Choice
Maruti Suzuki- The independent stock advisory and investment firm is looking bearish on Maruti Suzuki India Ltd stock. He believes that in this stock, it is advised to sell with a stop loss of Rs 11331. A target of Rs 10800 will be seen in this stock.
Another Market Expert’s Choice
Nippon India ETF Nifty IT- The market expert is looking bullish on Nippon India ETF Nifty IT stock. He believes that in this stock, it is advised to buy with a stop loss of Rs 43. A target of Rs 55 will be seen in this stock.
An Analyst’s Choice
NMDC- The analyst is looking bearish on NMDC Ltd stock. He believes that in this stock, it is advised to sell with a stop loss of Rs 228. A target of Rs 220/216 will be seen in this stock.
LTIMindtree- The head equity of a brokerage firm is bullish on the stock of LTIMindtree Ltd. He believes that buying will be seen for the target of Rs 6200/6300.
A Technical & Derivatives Analyst’s Choice
LTTS- The Technical & Derivatives Analyst is bullish on the stock of L&T Technology Services Ltd. He believes that buying in this stock is advised with a stop loss of Rs 5250. A target of Rs 5420/5500 will be seen in this stock.
Quick Fact
Company name: Dixon Tech
| Company name | Dixon Tech |
|---|---|
| Stock Position | Bearish |
| Action | Buy |
| Stop Loss | ₹15140 |
| Possible Target Price | ₹14500 |
Company name: Maruti Suzuki
| Company name | Maruti Suzuki |
|---|---|
| Stock Position | Bearish |
| Action | Sell |
| Stop Loss | ₹11331 |
| Possible Target Price | ₹10800 |
Company name: Nippon India ETF Nifty IT
| Company name | Nippon India ETF Nifty IT |
|---|---|
| Stock Position | Bullish |
| Action | Buy |
| Stop Loss | ₹43 |
| Possible Target Price | ₹55 |
Company name: NMDC
| Company name | NMDC |
|---|---|
| Stock Position | Bearish |
| Action | Sell |
| Stop Loss | ₹228 |
| Possible Target Price | ₹220/216 |
Company name: LTIMindtree
| Company name | LTIMindtree |
|---|---|
| Stock Position | Bullish |
| Action | Buy |
| Possible Target Price | ₹6200/6300 |
Company name: LTTS
| Company name | LTTS |
|---|---|
| Stock Position | Bullish |
| Action | Buy |
| Stop Loss | ₹5250 |
| Possible Target Price | ₹5420/5500 |
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