Chandan Taparia recommends three stocks for buying: Check here

According to Chandan Taparia, a derivatives and technical analyst at Motilal Oswal, the immediate support and resistance levels for the Nifty are 19300 and 19250, respectively, and 19600 and 19750, respectively. In order to continue moving toward new all-time high levels of 19600 and 19750 zones, it must now continue to hold above 19450 zones.

Through his analysis of Bank Nifty’s prospects, he stated that “Bank Nifty support is between 45000 and 44750 zones while resistance is at 45500 and 45650 zones. To go upward toward 45500 and its most recent all-time high of 45650, it must now maintain a level above 45000. On the downside, support will migrate higher between 45000 and 44750 levels.

Stocks To Buy Today

Motilal Oswal’s Chandan Taparia, a derivatives and technical analyst, has suggested three stocks to purchase today, on July 7th.

Technical Selection:

KPIT

Buy with CMP of Rs 1085, a stop loss of Rs 1060, target price of Rs 1130, and a timeframe of 2-3 days.

Essential Pick:

Titan

Purchase at CMP of Rs. 3106.

Sobha

Purchase for INR554 CMP

Market outlook:

According to Chandan Taparia, the Indian stock market is anticipated to open slightly lower due to sluggish global markets. This results in dampening confidence.

“After data revealed that US corporations added the most jobs in over a year in June. Highlighting the continued strength of the labor market, Dow Jones fell over 1% and Nasdaq Composite fell by 1%. Today’s decline in Asian shares came as a result of Wall Street rocking. This was caused by unexpectedly positive private hiring figures in the US. This has also caused a sudden increase in Treasury yields.

Read more:- स्टार क्रिकेटरों ने धोनी को इस तरह किया बर्थडे विश