Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities

In the current volatile market of 2024, marked by conflicting trends, uncertainties around US interest rates and India Inc.'s corporate earnings drive disagreement. Key factors today include the eagerly awaited US CPI release and the commencement of Q3 earnings by TCS and INFY. The Federal Reserve's interest rate decisions remain central, with upcoming CPI and PPI indicators influencing their stance. INFY or TCS profit guidance could sway sentiments. Technically, Nifty finds vulnerability below 21307, confirming strength above 21836. Nifty options suggest a 21300-22000 trading range. Preferred trades for Nifty and Bank Nifty are provided. The chart of the day is bullish on select stocks, with a standout recommendation to buy ITD Cementation at an entry price of 300.75, targeting 600, with a stop loss at 189, for a holding period of 0-365 days.