Shares to buy or sell: Chandan Taparia recommends three stocks to buy and sell today

The Indian Stock Market is Expected to Remain Volaty on Friday as ongoing tensions in the middle East Amid the Escalation in Israel-Raran War Continue to Dent Signment. The sensex and nifty 50 are likely to open on a mute, tracking mixed global market cues.

The trends on gift nifty also signal a flat opening for the Indian stock market today.

The Equity Market Edged Lower on Thursday, with the nifty 50 closing marginally beLow 24,800 Level. The sensex fell 82.79 points, or 0.10%, to close at 81,361.87, while the nifty 50 settled 18.80 points, or 0.08%, lower at 24,793.25.

On the nifty options front, chandan taparia, head – derivatives and technicals, wealth management, mofsl said that the maximum call OI (Open Interest) is at 25,000 the 26,000 strike maximum put oi Then 23,000 strike.

“Call written is seen at 24,800 then 26,000 strike, while putting is seen at 24,800 then 24,000 strike. Option data sugges a broader trading range in between 24,3,300 to 25,300 to 25,300 to 25,300 zones, While An IMMEDIETE REANGE Between 24,600 to 25,000 Levels, ”Taparia said.

Nifty 50 outlook

Nifty 50 formed a doji and a spinning top sort of candle on the daily frame with a longer upper shadow indicating a tug of war between the balls and bears, bot of which are flying to estebing to

“Now, If Nifty 50 Manages to hold Above 24,700, Up Move Can Be Seen towards 24,950 and 25,100 zones, while a hold below the same clock see weakness towards 24,600 the 24,500s,” Chandan Tapari SAID

Bank nifty outlook

Bank Nifty Index Declined 251.30 Points, OR 0.45%, to Close at 55,577.45 on Thursday, Forming a small bearish candle on daily scale as momentum is missing at Supports are intact at Lower Levels.

“Now, bank nifty has to hold Above 55,555 Zones for a bounce towards 56,000 then 56,250 levels, while on the downSide support is seen at 55,250 then 55,000 zones,” Taparia said.

Chandan Taparia has recommended two stocks to buy today, June 20, and one stock to sell. Taparia recommends buying bharat electronics (BEL) and Dr Reddy’s Laboratories Shares Today. On the other hand, he recommends selling Indian energy exchange (IEX) Stock Futures.

Stocks to buy or sell

BEL | Buy | Target price: 425 | Stop Loss: 385

Bel share price is in an overall uptrend with slight Dips being bough into it. It is perfectly respected its 20 dema support zones. The adx line is rising which confirms the strength of the uptrend, taparia said.

He recommends buying bel shares for a target price of 425 Apiece, while MainTaining a Stop Loss at 385 Level.

Dr Reddy’s Laboratories | Buy | Target price: 1,405 | Stop Loss: 1,290

Dr Reddy’s Share Price Has Formed A Bullyn Near Its Previous Breakout Zones Who Hints at a Possible Price upturn. The rsi indicator is rising which may confirm the bullish reveresal, said the Mofsl Analyst.

He has a ‘Buy’ Rating on Dr Reddy’s Laboratories Shares with a Target Price of 1,405 Apiece, suggesting a stop loss at 1,290 level.

IEX | Sell ​​| Target price: 165 | Stop Loss: 186

IEX Share Price Has Breached Below Its 200 Dema Support Zones with a Strong Bodied Bearish Candle. The macD line is declining to support the downwards Momentum, Taparia Said.

He recommends seling iex 26th june futures for a target price of 165, while keeping a stop loss at 186 Level.

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.