Share Market Today: Trading Setup for Nifty 50, US Govt closing to gold prices; 8 shares to buy or sell
News of the stock market: The equity benchmark indices experienced a significant recovery on Wednesday after an eight-day decline, with the Sensex rising by 715.69 points, powered by banking and financial shares to keep the most important interest rates stable and its upward revision of the growing projections for the current fiscal year to 6.8%. The Sensex increased by 715.69 points, or 0.89%, by 80,983,31. During the trade session, it rose by 800.81 points, or 0.99%, and reached 81,068,43. Meanwhile, the Nifty 50 rose by 225.20 points, or 0.92%, to close at 24,836.30. As expected, the Reserve Bank of India on Wednesday maintained its most important interest rates, pending more clarity on the effects of US rates and the transfer of previous rate cuts, along with recent tax cuts. Vatsal Bhuva, a technical analyst at LKP Securities, noted that Nifty 50 after the RBI policy announcement and car sales figures on Friday noticed the trade setting of the RBI policy announcement and car sales figures the previous 24.750 resistance session. The index also withdrew 61% of the Fibonacci from the low on September 1 to the peak on September 18 at 25.453. In terms of derivatives, significant writing between 24,700 and 24,800 indicates a reinforced support base, with the highest open interest at 25,000. In general, the market sentiment has moved positively and established support on 24,700 and resistance between 25,000 and 25,100. Global Markets, Trump Tarifts Printing and RBI Rate Decision Vinod Nair, the research head at Geojit Investments, noted that the domestic market was trading within a narrow tire on the day of the monthly expiry, as investors are cautious before the RBI policy announcement. After last week’s continuous decline, the market tried to determine stability. The sector performance was mixed, with profits seen in metal and bank shares, while real estate and consumer duration sold. Market participants await the insights of the RBI for indications on future interest rate trends, even if a holding rates are generally expected. The short -term prospects remain careful, suggesting that price movements are likely to remain within a series. Important developments, especially those associated with tariff policies and the upcoming earnings season, will play an important role in shaping the direction of the market beyond the current series. Shares to buy today regarding shares to buy today, market experts – Sumeet Bagadia, executive director at Choice Broking; Ganesh Dongre, senior manager of technical research at Anand Rathi and Shiju Koothupalakkal, senior manager of technical research at Prabhudas Lilladher, recommended these seven intraday shares for today: Housing & Urban Development Corporation Ltd (Hudco), L&T Finance Ltd, Bharat Elecels Ltd (Bel), Aluminum Company Ltd, Indian Hotels Company Ltd, Ltd (Bel) One 97 Communications Ltd (Paytm), Adani Green Energy Ltd, and TVs Motor Company Ltd. Sumeet Bagadia’s Stock Solutions Housing & Urban Development Corporation Ltd (HUDCO): Bagadia recommends that you buy HUDCO share price at £ 232,47 to hold a Stopos at £ 225 with a Hudco share price goal of £ 248. After gaining support from lower levels, which is an indication of renewed buying interest and participation of fresh buyers. The share has managed to recover quickly after the recent declines and maintain power above its important support zone near 223. Finally, Hudco offers a strong buying opportunity for short -term traders who target 248, provided audio risk management measures are maintained. L&T Finance Ltd: Bagadia recommends buying your L&T Finance share price at £ 258.6, and holds a standstill at £ 250 with a L&T share price goal of £ 276. L&T Finance share price is trading at 258.6, the share is currently showing a long -term return. The pricing structure forms a series of higher lows and higher highs in the recent sessions and has formed a new high of all time at 259.3, indicating a strong bullish momentum. This bullish structure is supported by rising volumes, confirming the power behind the price action. In conclusion, based on the current technical conditions, L&T provides a strong buying opportunity for short-term traders who target 276, provided measures for managing healthy risk management are maintained. Ganesh Dongre’s shares to buy Bharat Electronics Ltd (BEL) today: Ganesh Dongre recommends buying the Bell share price at £ 406 with a Stoposs at £ 400 with the purpose of £ 415. reversal. In the short -term card, a prominent candlestick pattern of the candlestick arose, which is an indication of a shift in the momentum of selling pressure to buying interest. The relative strength index (RSI) recently added the review, and recently entered the oversold zone, suggesting that the stock may be off current levels. This confluence of technical indicators increases the likelihood of a return yield in the short term. Call share price traded at £ 406, while holding above an important support zone at £ 400, proving that it is a strong demand level. Based on the current setup, it seems likely. With a favorable profile for risk policy, buying current levels can be considered, which keeps £ 400 as an important support and £ 415 as the potential short -term goal. National Aluminum Company Ltd: Ganesh Dongre recommends that the share price of the National Aluminum Company at £ 214 with a Stoposs at £ 208 with the National Aluminum Company share price goal of £ 222. In the recent short-term trend analysis, the National Aluminum Company share price showed signs of a possible bullish retracement, supported by emerging technical indicators. A reversal pattern on the graph indicates the possibility of an upward move, with a target on the short term of around £ 222, the share price of aluminum business at £ 214, with a strong support base at £ 845. Given the favorable pricing structure and proximity to support, a buying opportunity develops at current levels. Traders and investors may consider entering positions of around £ 214, and expects a possible upside to £ 222, while watching a closely at £ 845 as the immediate support. Indian Hotels Company Ltd: Ganesh Dongre recommends that the share price of Indian Hotels buy at £ 723 with a halt at £ 710 with Indian Hotels’ share price goal of £ 745. A recent short -term analysis of the stock reveals the rise of a bullish reversal pattern on the card. This formation indicates the potential for a move to the £ 745 level, supported by improving price action. The share price of Indian Hotels traded at £ 723, while holding above an important support zone at £ 710, which has recently acted as a reliable floor. This support level strengthens the bullish bias and provides a favorable basis for a possible upward movement. Given the current market structure and positive technical setup, there is a buying opportunity of around £ 723. Traders and short -term investors may consider starting long positions, which is aimed at £ 745, with £ 710 acting as an important drawback support. The confluence of the bullish reversal pattern and continued support at lower levels indicates a constructive risk-reward ratio in the current scenario. Shiju Koothupalakkal Intraday shares for today One 97 Communications Ltd (Paytm): Shiju Koothupalakkal recommends that you buy PayTm share price at £ 1.148 with a PayTm share price goal of £ 1.220 with a stop loss of £ 1,120. Paytm sharing prize after being a witness to a decent correction, received support near the 1,095 zone and indicated a positive bullish candlestick on the daily map with a very potentially visible visible. The RSI indicated that a positive turnaround to indicate a purchase and could continue with the positive move further forward. With the chart that looks technically attractive, we propose to buy the stock for a significant upward move for the target of 1.220, which holds the stop loss at 1.120 level. Adani Green Energy Ltd: Shiju Koothupalakkal recommends that Adani Green Energy share price buy at £ 1,064 with an Adani Green Energy share price goal of £ 1.130 with a stop loss of £ 1.035. Adani Green Energy share price, which saw a decent correction after the Strong Spurt made a high highlight of near 1.177 zone, once again indicated a strong positive candle formation on the daily map with a significant participation in the volume to improve the bias that has support close to 1.010 level to expect for further rise in the coming sessions. The RSI after cooling off the highly overbought zone is currently well placed, indicating a positive reversal of the tendency to give a buy and can continue with the positive move further forward. With the chart that looks technically good, we suggest you buy the stock for an upward target of 1.130, and hold the stop loss at the 1.035 level. TVS Motor Company Ltd: Shiju Koothupalakkal recommends that you buy TVS car share price at £ 3,457 with a TVS car share price goal of £ 3.570 with a stop loss of £ 3,400. The share price of the TVS Motor Company recently saw a small dip cool after the overheated rally, with the improvement of prejudice, a setback indicated with a significant participation in the volume visible and could be expected for further rise in the upcoming sessions. The RSI has cooled down from the highly overbought zone and is currently well positioned with a positive reversal of the tendency to give a buy and can continue with the positive move further forward. With the chart that looks technically attractive, we suggest you buy the stock for an upward target of 3.570, which holds the stop loss at the 3.400 level. 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 any investment decisions