Stocks to buy before Budget 2024: Here are three stocks you can buy today
Have a look at trading tips for the stock market today.
Stocks to buy or sell before Budget 2024, Trading tips for stock market today: Ahead of the budget 2024 and the US Fed meeting outcome, the Indian stock market concluded higher on Wednesday. While the Nifty 50 index ended 203 points higher at the 21,725 level, the BSE Sensex garnered over 612 points and closed at the 71,752 mark. On the other hand, the Bank Nifty index shot up 629 points and closed at the 45,996 level.
Trading tips for the stock market today:
Since the Nifty 50 index witnessed a sharp rise on Wednesday, the 50-stock index was still near the resistance zone. In the meanwhile, the experts believe Dalal Street may witness a volatile session ahead of the presentation of Budget 2024 as the Nifty 50 index has been facing a strong hurdle at the 21,750 mark. It is also being said that the Indian stock market may become highly bullish as soon as it breaches the immediate hurdle at the 21,750 level.
Stocks to buy or sell before Budget 2024:
- Man Industries: Buy at Rs 437.10, Target Rs 456, stop loss Rs 430;
- Arvind Fashion: Buy at Rs 521.90, target Rs544, stop loss Rs513; and
- Godrej Agrovet: Buy at Rs555.85, target Rs580, stop loss Rs546.
Stock market today:
Regarding the Nifty 50 index, the experts believe that the Nifty witnessed a great bounce back following the weak opening session and later went on to extend the gains further as the day progressed. It found resistance once again near the 21,750 zone, however, ended the session on a positive note.
Similarly, about the Bank Nifty, the experts observed that the Bank Nifty witnessed a decent rise from the 45,000 zone to touch 46,000 level in the morning session with bias anticipation for further rise in the coming session. The experts further stated that the Bank Nifty is expected to have a daily range of 45,600 to 46,600 levels.
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