Axis Securities’ Rajesh Palviya Highlights Investment Potential in Three Key Stocks Today

  • Domestic equity benchmark indices, the Sensex and the Nifty 50, started Friday’s session on a positive note, despite heavy selling pressure during the ongoing election sessions.
  • Analysts predict continued volatility due to the lack of significant positive triggers.
  • Dr. V K Vijayakumar, the chief investment strategist of Geojit Financial Services, highlighted the disparity in institutional activity this month, with FIIs becoming persistent sellers and DIIs becoming persistent buyers.

Get the latest updates on the stock market, including the Sensex and Nifty 50, as well as expert insights on the current volatility and future outlook.

Share Market Tips and Nifty 50 Outlook by Rajesh Palviya

Rajesh Palviya, SVP – Technical and Derivatives Research at Axis Securities, noted that the index has experienced profit booking for the past five consecutive sessions. He highlighted the crucial support zone at the 21,900 levels and the immediate supply zone at 22,200–22,300 levels. He also pointed out the rising weakness signaled by the daily and weekly strength indicator RSI.

Stock in focus today – Stock recommendation for Friday by Rajesh Palviya

Palviya recommended Hero MotoCorp Ltd, with an expected upside of 5000-5250 and a downside support zone of 4,630-4,500. He also highlighted Crompton Greaves Consumer Electricals Ltd and Ajanta Pharma Ltd as stocks to watch, with expected upsides of 370–385 and 2,585-2,630 respectively.

Conclusion

Despite the ongoing volatility in the stock market, there are opportunities for investors to make strategic decisions based on expert insights and analysis. Keep an eye on the Sensex and Nifty 50, and consider the stock recommendations provided by industry experts.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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