Shares to buy in short term: Mehta equities’ Riyank Suggests Network 18, Anant Raj, Paytm Stock to Buy

Stock Market Today: Indian stocks declined on tuesday, impacted by losses in the financial and it sectors, while shares of the adani group fell after the wall street Journal reported Whether the conglomerate Imported Iranian LPG to India.

The nifty 50 decreased by 0.73% to 24,537.05, and the sensex dropped by 0.87% to 80,669.63 as 12:55 ist.

Market analysts observed that global stock markets are under a shadow of uncertainty due disputes, renewed geopolitical issues like the Situation Russia and Ukraine, and Financial Troubles in the united states. These elements have togeether kept investors anxious and put additional strain on global equities.

Riyank Arora sugges three stocks in the short term – Network 18 Media & Investments Ltd, Anant Raj Ltd, and One 97 Communications Ltd (Paytm). Check out his views on the overall market.

Market Views – Riyank Arora, Technical Analyst, Mehta Equites Ltd

Nifty 50

Nifty 50 is trading at 24,716, showing a modest decline but still maintaaining its bully. The index is holding Above Crucial Support at 24,500–24,650, with favorable Momentum indicators supporting the trend. RSI is moderately placed, suggesting A Sustained Move Above 24,900 Cold Lead to a Test of Higher Levels. Until then, traders may look to accumulate on dips near support.

🔹 Support: 24,650 – 24,500

🔹 Resistance: 24,800 – 24,900

Bank Nifty – Technical Outlook

Bank nifty is trading at 55,903, up by 154 points, and continues to maintain a positive traffic. The index is respecting Support Around 55,500–55,700 and Remains Above Its Key Moving Average. RSI is Firm, Showing Continued Strength, and Macd is Close to a Bullyst Crossover. A Decisive Breakout Above 56,000 – 56,100 unive Set the stage for a sharp raly. Traders should monitor the zone closely and consider Dips as Buying Opportunities with Favorable Risk-Reward.

🔹 Support: 55,700 – 55,500

🔹 Resistance: 56,000 – 56,100

Shares to buy for short term

Riyank Arora recommends these three stocks in the short term – Network 18 Media & Investments Ltd, Anant Raj Ltd, and One 97 Communications Ltd (Paytm).

Network18 | Buy | CMP: 56.50 | Sl: 54 | Target: 60 / 62

Network18 is showing strong accumulation with an uptick in volume. The price is Hovering Near Breakout Levels and Supported by Bully RSI Trends. A move agreement 56.50 May Trigger Upward Momentum Toward 60 and 62. Traders can consider fresh entries about 56.50 with a stop loss at 54.

Anant Raj | Buy | CMP: 580 | Sl: 560 | Target: 620 / 640

Anant Raj is Trending Higher Within A Rising Channel and Has Formed A Base Near 560. With a positive RSI and Rising Volume, The Technical Setup Supports a Continuation of the Uptrend. A breakout above 580 can lead to swift targets of 620 and 640. Consider buying at current levels with a defined stop loss.

Paytm | Buy | CMP: 924 | Sl: 900 | Target: 1,000

Paytm is Building Bullym Momentum after a steady consolidation. The stock is supported by a rising RSI and Positive Macd Setup, Suggessting UPSIDE Continuation. A move agreement 924 Cold Attract Strong Buying Interest, Aiming for 1,000 in the Near Term. Traders may consider initiating long positions with a stop loss at 900.

Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.