Today's trading is expected to be volatile as the Federal Reserve maintains interest rates at a 23-year high due to inflation concerns. Positive factors include record-high GST revenue, FIIs and DIIs being net buyers, and WTI oil prices falling below $80 a barrel. Investors anticipate a pre-election rally and Federal Reserve Chair Powell dismissing talks of 'stagflation'. Nifty's crucial levels are at 22800 resistance and 22000 support. Preferred trades include buying Nifty and Bank Nifty within specified zones. Stocks like COAL INDIA, GRASIM, INDUSINDBANK, and COLPAL are bullish with an inter-week/inter-month perspective. IRCTC stands out as a top buy, driven by momentum with targets set at 1068/1119 and aggressive targets at 1309.
Comments
Post a Comment