The stock market today: India’s equity measures faced a fall on Friday, as major financial shares withdrew, which waived the profits made earlier this week after the Reserve Bank of India’s Dovish attitude and new lending reforms. From 11:18 IST was the Nifty 50 index flat on 24.829. 75, while the BSE Sensex was also flat at 81.013.91. Experts indicate that the positive effects of the RBI’s efforts to stimulate credit growth cannot last amid continued foreign sale in the market. Foreign portfolio investors seem to increase their sale, and utilize the market conditions to the previous session’s rally. In September alone, FPIs withdrew $ 2.7 billion from Indian shares, which led to a total outflow of $ 17.6 billion, which is on track for a record annual foreign investment withdrawal. Market views – Prashanth Taps, research analyst, senior vice president of research at Mehta Equities Nifty 50 traded with a bullish undertone, as it is above its important support at 24,750. Despite volatility, the index showed resilience, with momentum indicators indicating a possible continuation of the upward trend. Resistance is limited to 25,000, and a decisive close above this level can open the road to higher targets in the short term. Overall sentiment remains positive, and traders may be looking for buying opportunities on dips while the risk is strictly managed. Bank Nifty Bank Nifty still shows strength and above its immediate support at 55,100 and 55,000. The index formed a constructive base, with bulls trying to push the resistance zone of 55,600–55.700. A break above this tire can further accelerate the momentum and support the heavyweights of banking. Technical indicators are positive in line, suggesting that buying interest is intact. As long as the support zone applies, the short-term trend remains positive, and traders can use a buy-on-dip approach with disciplined stop-loss placement. Shares to buy for short -term Prashanth Taps recommend that you buy these three shares in the short term – Bharti Airtel Ltd, Adani Ports and Special Economic Zone Ltd, and Bharat Electronics Ltd (BEL). Bharti Airtel – Buy | CMP: £ 1,870 | SL: £ 1,800 | Target: £ 2,000 Bharti Airtel shows strong price action, which is comfortably traded near its recent highlights with constant volume participation. The stock remains above all most important moving averages, strengthening the bullish structure. The telecommunications sector -back winds and subscribers’ growth are expected to help the performance further. Momentum indicators, including RSI, are positive, and indicate space for continuing the rally. If you maintain more than £ 1,870, it could be upside down to £ 2,000, with £ 1,800 serving as a protective stop loss for traders. Adani Ports – Buy | CMP: £ 1,423 | SL: £ 1,340 | Target: £ 1,550 Adani ports hold a bullish track after breaking out of its consolidation zone. The share is supported by strong fundamentals and strong growth in freight volumes, which continue to drive investor confidence. Technically, it remains well positioned above its support levels, while momentum oscillators confirm the buying strength. A sustained move above £ 1.423 could extend profits to £ 1,550 in the short term. Traders must maintain £ 1.340 as a strict stop loss to manage risks in the case of volatility. Call – Buy | CMP: £ 413 | SL: £ 390 | Target: £ 450 Call remains firmly on a bullish territory, which benefits from strong order -inflow in the defense sector. The stock trades with healthy volumes and has successfully kept above its important support levels. Momentum indicators point upwards and confirm the ongoing power in the trend. With the ongoing focus on the government on indigenous and defense spending, the stock has strong winds. A move that is sustained above £ 413 could float prices in the direction of £ 450, while £ 390 should be considered an immediate stop loss. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.
Bharti Airtel to Bel-Prashanth Taps of Mehta Shares suggests that shares should buy in the short term
