The Nifty closed the previous session up 0.15% at 25,141.40, in addition, the daily RSI remains safely above 60 without displaying any bearish breach. However, after recently reaching an all-time high of 57,049.50, Nifty Bank had its third straight decline, closing the day at 56,459.75, down 0.30 percent. The India VIX fell 2.48% to close at 13.66, still well below the crucial 15-point barrier. Lower market fear and rising investor confidence are indicators of this decline in volatility, which usually encourages further upward momentum. In the hours to come, market players will be watching India's CPI inflation number on Thursday, the UK GDP print, and trade deal updates for more cues.
SeQuent Scientific Ltd
Buy SEQUENT in cash @ Rs 199.4, Stop-loss @ Rs 192, Target @ Rs 213
PPAP Automotive
Buy PPAP in cash @ Rs 256, Stop-loss: Rs 246, Target: Rs 275
Regarding , Vaishali Parekh recommended these three stocks:
1] Lloyds Enterprises: Buy at ₹73, Target ₹83, Stop Loss ₹70;
2] Lupin: Buy at ₹2028, Target ₹2150, Stop Loss ₹1980; and
3] Natco Pharma: Buy at ₹935, Target ₹1000, Stop Loss ₹900.
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