Technical choices: Vinay Rajani of HDFC Securities suggests that these three shares in the short term | Einsmark news

Share Market Today: The most important domestic equity indices, Nifty 50 and Sensex, experienced declines on Thursday following the implementation of a reciprocal rate of 26%; However, an increase in the shares of pharmaceutical businesses as a result of their release of these duties has helped reduce the impact, along with a relatively lower tariff rate compared to other Asian countries. On Wednesday, US President Donald Trump issued a 26% reasonable tariff on India as part of a broader strategy that included a 10% baseline rate on all trading partners starting from April 5, with a higher rates at 34% for China from April 9. From 14:11, the Nift -50 was dropped by 0.27% to 23,268,8,45. The most important indices in China fell 1.5%, and Thailand and Vietnam saw declines of 1%and 6.1%respectively. Dr. VK Vijayakumar, investment strategist at Geojit Investments Limited, noted that the unexpected rise in reciprocal rates declared by President Trump could negatively affect the markets worldwide. The main concern is that this situation can provoke retaliation tariffs from other countries, leading to a possible trade war that can greatly affect global trade and economic growth. Increased inflation in the US is likely to create challenges for the Federal Reserve; It may struggle to carry out the rate cuts expected by the market in 2025. The probability of a recession in the US by late 2025 has increased, which provides the implications for the global economy and financial markets. Market views – Vinay Rajani, senior technical and derivative analyst, HDFC Securities Nifty 50 For the last three consecutive sessions, found Nifty 50 support at 20 and 50 days EMA, which was placed near 23,100. From the recent swing height, Nifty 50 has already corrected more than 750 points, which led to the completion of 38.2% of the total rally seen from 21,964 to 23,869. Any close under 23,100 can drag Nifty 50 to the next support level of 22,917, which happens to withdraw 50%. At the top, any level of more than 23,400 can lead to the resumption of an upward trend, which can extend the rally to the next upward targets of 23,650 and 23,869. Between 23,100 and 23,400, the tendency will be considered consolidation. The Indian market width was very good despite negative global clues, indicating positive bias in the local market. The falling dollar index has also supported the sentiment of the equity market for the past one month. Technical choices: Shares to buy Vinay Rajani from HDFC Securities in the near term, these three shares recommend in the short term – Healthcare Global Enterprises Ltd, Aadhar Housing Finance Ltd and Union Bank of India. Buy Healthcare Global Enterprises Ltd. (Rs. 533) | Target Rs. 578,625 | Stop-loss Rs. 481 The share price is about to break out of major consolidation. The share price hangs around its 52 week and all times high. Inventory is placed above all important moving averages. Daily RSI has reached more than 50, indicating a sustainable trend. Daily MACD is placed above equilibrium and signal line. The share price has begun to form a higher top and higher bottom on the daily map. Buy Aadhar Housing Finance (Rs. 450): | Target Rs. 490.512 | Stop-loss Rs. 411 stock broke out on the weekly chart from the downward sloping trend line. The share price broke out from the consolidation phase on weekly charts. Inventory is placed above all important moving averages. Daily RSI has reached more than 50, indicating a sustainable trend. Daily MACD is placed above equilibrium and signal line. The share price has begun to form a higher top and higher bottom on the daily map. Buy Union Bank of India (Rs. 129): | Target Rs. 135.50 | Stop-loss Rs. 123 stock is placed above 20.50, 100 and 200 dema. Indicators and oscillators became bullish on the daily maps. Stock forms higher tops and higher bottom on the daily card. The PSU banking sector has fared better from the past few weeks. 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. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock MarketStechnical Picks: Vinay Rajani of HDFC Securities suggests that these three shares should buy less in the short term