Nagaraj Shetti Suggessts Bajaj Finserv, Tata Steel Shares to Buy in the Short Term; Do you oven?

Stock Market Today: Equity Benchmark Indices Sensex and Nifty 50 Experienced A SURGE on Thursday, Continuing their upward trend for the Third Consecuving Day, FOLOLOD AEPTIMISM FOLOLOD AEASFIER Between Iran and Israel. The 30-share BSE Sensex Increased By 398.09 Points, Reaching 83,153.60 at 12:55 IST. The 50-share nse nifty 50 rose by 128.45 points to hit 25,372.05.

According to Market Analysts, as Geopolitical Risks Diminish, Investors are Now Shifting Their Attention Back to the Us Federal Reserve and the Upcoming Us Trade Tariff Deadline Set for July 9.

On Technical Front, Nagaraj Shetti of HDFC Securities Believes The Next UPSIDE Levels to Be Watched Around 25,600 and Immediate Support is Placed at 25,250. Shetti recommends two stocks to buy in the short-term. Here’s what he says about the overall market.

Market Views – Nagaraj Shetti, Senior Technical Research Analyst of HDFC Securities

Nifty 50

Nifty 50 continued its upside momentum on Thursday and is currently showing minor Volatiity at the Swing Highs of Around 25,400. The broader high low range of 24,500-25,200 has been taken out on the UPSIDE recently and nifty 50 is currently trading at the highs. This price action would be considered as an upside breakout of broader high low range movement. The next UPSIDE LEVELS to Be Watched Around 25,600 and ImmediaTe Support is Placed at 25,250.

Technical Picks: Stocks to buy in the short-term

Nagaraj Shetti of HDFC Securities Recommends these two stocks to buy in the short -term – bajaj finserv ltd, and tata steel ltd.

Buy bajaj finserv at 2,028, target 2,130, stoploss 1,970, timeframe 1-2 weeks

After showing a range bound action over the last few weeks, the stock price is currently in an attempt of decisive UPSIDE Breakout of Downside Sloping Trend Line. The stock price is sustaining about 10 & 20 period ema. The overall chart pattern indicates bulish setup.

Buy tata step at 157.50, target at 166, stoploss at 152, timeframe 1-2 weeks

After witnessing an upside breakout of the down sloping trend line at 154 recently, The Metal Stock has been in a sustainable upmove sense then in the last couple of sessions. The current price action indicates a formation of bulish pattern like Higher Tops and Bottoms. The Volume and RSI Shows Positive Indication for the Near Term.

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