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Stocks to BUY Today: Positive sentiment across Asian markets, along with optimistic signals from GIFT Nifty, suggests that Indian markets are set to open on a positive note during Wednesday’s trading session.
As of 8:10 am, GIFT Nifty was trading nearly flat, or higher by 1.5 points, at 24,105. GIFT Nifty acts as an early indicator of market sentiment, and the marginal rise suggests a slightly positive start for Indian equities.
Expectations of a moderately strong opening come after domestic markets ended the previous session on a slightly negative note. SEBI-registered Research Analyst Kunal Bothra has identified select stocks that could offer trading opportunities during the July 22 session.
Along with several BUY recommendations, the analyst has also highlighted key levels for the Nifty 50, with support placed at 24,000 and resistance expected between 24,200 and 24,500.
Here are the top stock picks suggested by Kunal Bothra, along with their target prices and stop-loss levels:
According to Kunal Bothra’s recommendation, Shriram Finance has a target price of Rs 1,098, with a stop-loss placed at Rs 1,048.
Kunal Bothra has recommended a BUY call on Titan, with a target price of Rs 4,790 and a suggested stop-loss level of Rs 4,630.
| Company Name | Stop Loss | Target |
| Titan | 4,630 | 4,790 |
| Shriram Finance | 1,048 | 1,098 |
Asian markets showed a mixed trend on July 22, with major indices trading higher overall.
- Japan’s Nikkei 225 rose over 1.5 per cent, gaining 977.81 points to trade at 67,205.
- South Korea’s KOSPI also surged over 4.6 per cent, rising 309.93 points to trade at 7,061.68.
- Meanwhile, Hong Kong’s Hang Seng Index edged lower by 0.2 per cent to trade at 25,086.
The positive trend across major Asian markets is expected to provide support to Indian equities, potentially leading to a positive opening for domestic indices.
Indian Market Performance on July 21
Indian benchmark equity indices closed marginally lower on Tuesday, dragged down by selling pressure in HDFC Bank for the second consecutive day. Investors remained cautious amid geopolitical uncertainties and booked profits following the recent market rally.
Extending losses for the second straight session, the 30-share BSE Sensex fell 238.41 points, or 0.31 per cent, to close at 77,470.11. Nine of its constituents ended lower, while 21 advanced.
The 50-share NSE Nifty declined 50.80 points, or 0.21 per cent, to settle at 24,187.70.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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