Copyright © HT Digital Streams Limit all rights reserved. Stock recommendations: Marketsmith India recommends two shares for September 16. Summary Marketsmith India reveals its best stock recommendations for today, September 16. Get knowledgeable insights on the best performing stocks to guide your investment decisions. Shares Market Repetition: The Indian stock market started this week on a subdued note and slipped into the red on Monday, September 15, as investors remained careful this week before the US Federal Reserve policy meeting. The BSE Sensex fell by 119 points, or 0.15%, at 81,786, while the Nifty dropped 50 45 points, or 0.18%, to 25.069. The decline hampered the Sensex’s five-day finish line and stopped the Nifty’s eight-session rally. Inventory recommendations by Marketsmith India for September 16 Buy: Tata consumer products (Current Price: £ 1,103) Why It Is Recommended: Strong Trademark Portfolio and Market Product, Diversification of Product Categories, The Growing Domestic Consumer Market and Sustainability and ESG focus. IMPORTANT STATISTICS: P/E: 77.97, 52-week High: £ 1,234.30, Volume: £ 14.54 Crore Technical Analysis: Recycled 50-DMA risk factors: raw material/commodity price flight, margin printing and inflation, regulatory, trading policies, and climate and climate and sustainability risks. Buy at: £ 1,095–1,115 Target price: £ 1,260 in two to three months Stop loss: £ 1,030 Buy: Asahi India Glass (current price: £ 893) Why it is recommended: strong market position and expansion of the product mix, turnover growth supported by the tail wind. IMPORTANT STATISTICS: P/E: 53.25; 52 weeks high: £ 900; Volume: £ 46.35 Crore Technical Analysis: Horizontal Trendline Outbreak Risk Factors: Profitability Pressure of Rising Inputs and Float Glass Price Soft Buy at: £ 885–900 Target Price: £ 1,000 in two to three months Stop loss: £ 845 How the Nift -50 on September 15, Nifte 50 -Points 44 points to 25.069, with a poor note, hit the Nifte 50 44 points to 25.069, a poor note, the break eight -day winning streak, while the Sensex lost 119 points. The decline was led by weakness in IT and car shares, reflecting the investor’s caution before the US Federal Reserve’s policy outcome later this week. Sectoral performance was mixed, with the Nifty Realty Index rising as the top profit, while a significant sale in the IT and Pharma sectors was seen, which dragged the most important indices lower. The width of the market was positive, with the progress of progress, which is an indication of underlying strength despite profit discussion in important heavyweight shares. The pre-expine ratio was about 1.714 progress to 1.357 declines on the NSE, indicating a healthy interest in the broader market. The Nifty 50 recently confirmed an exposition above the upper trend line of a symmetrical triangle pattern near 25,050, strengthening the ongoing bullish structure. The index also decisively cleared the most important short-term resistance levels, especially the 50- and 100-DMA, which now acts as important support zones. After outbreak, price action interrupted nearly 25,150, indicating a healthy consolidation at higher levels, rather than immediate profit discussion. Momentum indicators reinforce these constructive prospects. The RSI crossed more than 59 to its own trend line, reflecting the improvement of power, while the MACD delivered a bullish crossover, adding further validation to upward momentum. According to O’Neil’s methodology of market direction, the market status was downgraded to an ‘upward under pressure’, as Nifty violated his 50-DMA, with the distribution day score on one. The Nifty 50 faced stiff resistance near 25,150 and ended the session 45 points lower. At the top, a decisive and sustained near the 25,150-25.200 zone within the nearby term will have to unlock further upward potential to 25,300-25.350. Immediate support is placed in the 24,800-24,900 series. A distribution under this zone can reinstate the sales pressure and tow the index to 24,500–24.600, which makes these levels critical to monitoring for the next direction. How did Nifty Bank perform? Bank Nifty opened on a positive note on Monday, but traded with significant volatility within a narrow series. The index forms a bullish candle on the daily map, characterized by a higher and higher low pricing structure. It continues to tend to be comfortable above his 21-DMA, indicating the underlying power. However, a failure to maintain this support zone can cause disadvantage, while holding the index can keep the index in a phase of sideways consolidation until a decisive exposition or collapse emerges. During the session, Bank opened Nifty at 54,884.05, an intraday high of 55.018.70 scaled, touched a low of 54.807.50 and eventually closed almost flat at 54,887.85, reflecting the indecision among the market participants. Bank Nifty’s momentum indicators send mixed signals, which reflect a cautious market undertone. The RSI rescued higher to 51, and it has designated a slow but steady recovery, while the MACD overthrowed with a crossing to a positive area, although the position under the central line emphasizes that the strength remains. According to O’Neil’s Market Direction Framework, the index is classified as in an ‘upward under pressure’. Bank Nifty shows resilience as it approaches the most important resistance levels at 55,200-55.300. A sustained near this zone can confirm the rebound and open space for a broader upward trend. The disadvantage lies the support of 54,000-54.200, with an outline that is likely to cause fresh sales pressure. The index regained moving averages in the short term and formed a bullish daily candle, indicating the strength of the buyer. Follow -up momentum in the upcoming sessions will be of utmost importance to confirm a stronger turnaround of the trend. Marketsmith India is a stock research platform and advisory service that focuses on the Indian stock market. It provides instruments and resources to help investors make informed decisions based on the Can Slim methodology, founded by legendary investor William J. O’Neil. You can get access to a free ten -day trial period by registering on its website. Brand name: William O’Neil India Pvt. Ltd. SEBI REGISTRATION NO .: INH000015543 DISCLAIMER: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. 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. More Topics #Markets Premium #Stocks To Buy #stock -Recommendations Read next story
Stock recommendations for September 16 from Marketsmith India
