Shares to buy or sell: Chandan Taparia recommends three stocks to buy today – 13 June

The Indian Stock Market Indices, Senex and Nifty 50, Are Expected to Extend Losses on Friday, Following 1% Decline in the Previous Session AMID Weak Global Market CUS AFTER EFTER ESCALITICALITIC The middle East as israel conducted aid aisted on Iran. The trends on gift nifty also signal a gap-down start for the Indian Stock Market Today.

Israel launched strices on ran on Friday, targeting key nuclear and military sites. According to israel Prime Minister Benjamin Netanyahu, The Operation Hit the “Core of Iran’s Nuclear Enrichment Program,” Including the Natanz Atomic Facility and Prominent Nuclear Scientists.

The domestic equity market ended lower on Thursday, with bot the benchmark nifty 50 declined a percetic economy.

The sensex plunged 823.16 points, or 1.00%, to close at 81,691.98, while the nifty 50 closed 253.20 points, or 1.01%, lower at 24,888.20.

On the nifty options front, Maximum Call OI (Open Interest) is at 25,200 then 25,500 Strike, While Maximum Put Oi is at 24,000 then 24,500 Strike.

“Call written is seen at 25,100 then 25,000 strike, while putting is seen at 24,900 then 24,000 strike. Option data sugges a broader trading range in between 24,400 to 25,400 to 25,400 zones with an IMMEDITEE RANGE Between 24,600 to 25,100 Levels, “Said Chandan Taparia, Head – Derivatives and Technicals, Wealth Management, MOFSL.

Nifty 50 outlook

Nifty 50 Index Slipped Below The Psychological 25,000 mark on June 12, Breaching it after the Recent Breakout.

“Nifty 50 formed a large bearish candle on the daily chart, wiping out gains of the last three sessions. The index also negted its recent sequence of highs and ended the day with loass of 250 Points

Bank nifty outlook

Bank Nifty Index Formed A Bearish Candle on Daily Scale as Selling Pressure Was Seen at Higher Zones and Forming Lower Highs from the Last FEW SESSS ASSSES ASSESS ASSSES ASSSES ASSSES Underperformed.

“Bank nifty index corrected almost 1,100 points from its all-time high territory and is now hovering near its 20 dema. Now, Till It Holds Belows Below 56,250 zones are weakness could bee Towards 55,750 then 55,555 levels, while on the UPSIDE, Hurdle is Seen at 56,250 then 56,500 Zones, “Said Taparia.

Chandan Taparia has recommended three stocks to buy today, June 13.

Stocks to buy

SRF | Buy | Target price: 3,250 | Stop Loss: 3,035

SRF Share Price is RETISTING Its Breakout from a Consolidation Zone with Higher Than Average Trade Volumes. It is respecting its 100 dema support zones. The rsi indicator is positively placed which has bully implications, chandan taparia said.

He recommends buying srf shares for a target price of 3,250, while mainTaining a stop loss at 3,035 Level.

MPhasis | Buy | Target price: 2,800 | Stop Loss: 2,585

Mphasis share price has broken out of an ascending triangle on the daily chart and is holding Above Its 200 Dema. The macD indicator is headed up which confirms the positive Momentum, the MOFSL Analyst Said.

He has a ‘boy’ call on mphasis shares, with a target price of 2,800, and a stop loss of 2,585.

RBL Bank | Buy | Target price: 235 | Stop Loss: 217

RBL Bank Share Price is in an overall uptRend and is responsible 20 dema support zone with slight dips being bough into it. The adx line is rising which confirms the strength of the uptrend, taparia said.

He has a ‘boy’ call on the stock, with rbl bank share price target of 235 Apiece, while suggesting a stop loss at 217 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.