Marketsmith India's best stock recommendations for today, 30 May

Copyright © HT Digital Streams Limit all rights reserved. The best shares to buy today: Marketsmith India recommends two shares for May 30. Summary Two stock recommendations by Marketsmith India for May 30. The Nifty 50 rose 0.33%on Thursday, which was closed at 24,833, supported by positive global clues, improved monsoon forecast and optimism around strong Q4 GDP growth. Sectoral performance was mixed, with a significant strength seen in construction, metals, pharmaceutical and IT shares. However, PSU banks, consumer goods, financial services and the Nifty Bank witnessed the sale of pressure. Looking forward, the index maintains a positive prospect, supported by favorable domestic macro -economic indicators and sustained institutional importance. A definite move from above 25,000-25.200 can pave the way for further upside down in the short term. Two stock recommendations for today, May 30, by Marketsmith India: Motilal Oswal Financial Services Ltd (Current Price: 809.95) Why It Is Recommended: Diverse Business Model and Reputation for Key Statistics for Quality: P/E: 18.83 | 52-week High: £ 1,064,00 | PART: £ 308.39 Crore Technical Analysis: Recycle 200-DMA risk factors: Regulatory and legal risks, reputation and ethical risks Buy at: £ 809.95 Target Price: £ 950 in three months Stop loss: £ 760 Also read: Stock Bharat Boost: DCB Bank Ltd (Current Price: 5. Focused retail and SME lean strategy, granular and secure loan book Key Statistics: P/E: 7.31 | By: £ 145.50 Target Price: £ 163 in three months Stop loss: £ 137 Nifty 50: How the benchmark index did the intraday high of a positive note on May 29, however, the index soon lost momentum and slipped to the lowest day of 24.677. Counterfeit Dinamics are reversed-the index reversed and closed 81 points higher. indicate. The index is still trading above all the major moving averages and consolidates within a defined series of 24,500-25.100 over the past few weeks. is of potential momentum, although it remains above the central (zero) line, which offers a generously positive undertone. note that a decisive exposition and sustained move above this resistance tape are critical to confirming the bullish tendency. Nifty Bank opened on a positive note on Thursday, but predominantly displayed a sideways trading pattern and spent most of the session on a negative area. 55.571.40 opened, between a high of 55.782.75 and a low of 55.096.45, and finally established at 55,546.05. However, Momentum indicators indicate a break in bullish sentiment, with the relative strength index (RSI) at 60 and the MACD showing a negative crossing. Decisive exposition of more than 56,000 which serves as a critical indicator for continuing its bullish momentum. 57.500-58.800 target. India Pvt. News reports and latest news updates on live mint.