Nifty 50 Today: 8 Stock Picks & India-Pakistan Impact

Nifty 50 support at 24,200? Discover 8 stocks to buy/sell today (Inox Wind, HUDCO) and how India-Pakistan tensions could impact markets. Expert analysis inside!

The Indian share market opened the week on a positive note as the Nifty 50 increased by 0.47% to close at 24,461. In contrast, the Bank Nifty declined by 0.30% to end at 54,919. Sectors such as auto, oil & gas, as well as FMCG have performed well, and the broader markets also advanced by over 1%. To provide further clarity, here is what to expect next and which stocks might show movement.

Nifty 50 and Bank Nifty: Important Support and Resistance Levels

1.Nifty 50: The index continues trading in a narrow range bracket of 24200 and 24550. According to experts, we continue having bullish view as long as it trades above 24200. also, closes above long-term levels of 24,550 could give inflows.

2.Bank Nifty: Has upper resistance levels of 56098 for the possibility of a rally towards 56800. Support lies between 54000-53500.

What is Moving the Markets?

1.Global Updates & Geopolitics: The focus is being placed on the India-Pakistan conflict which is closely being watched and can affect market mood.

2.Q4 Earnings: Reports from Godrej Consumer, BSE, HPCL and others will affect the pace of movement in the respective stocks.

8 Stock Suggestions for Tuesday

Short-term investments also known as day trading have ways to maximize profits with the following stocks:

1. Inox Wind Ltd (₹173.08)

• Entry: Close to 173
• Stop Loss: 167
• Target: 186

Why could this stock be of interest to you?: There is a notable increase in purchase and sale of the stock. If it surpasses 177 then it may go much higher.

2. Indian Bank (₹576.50)

• Entry: Close to 576
• Stop Loss: 556
• Target: 617

Why could this stock be of interest to you?: Available data indicates that the stock is moving up along with active purchases in the market.

3. BSE Ltd (₹6,450)

• Entry: 6450
• Stop Loss: 6350
• Target: 6650

Why could this stock be of interest to you?: Showing positives trades for the stock with strong defense level of 6350.

4. Narayana Hrudayalaya (₹1,778)

• Entry: Close to 1,778
• Stop Loss: 1,740
• Target: 1,825

Why could this stock be of interest to you?: Showing opportunities to move upward with support of 1740.

5. CAMS (₹3,810)

• Entry: 3810
• Stop Loss: 3740
• Target: 3910

Why could this stock be of interest to you?: This has sold out a lot.

Why could this stock be of interest to you?: The stock is showing an upward outlook.

7. Bharat Dynamics (₹1,563)

• Entry: Close to 1563
• Stop Loss: 1530
• Target: 1650

Why could this stock be of interest to you?: The stock collapsed for a few days and then strongly rebounded.

8. Castrol India (₹ 204)

• Entry: Close to 204
• Stop Loss: 199
• Target: 215

Why could this stock be of interest to you?: Showing increasing prices after having struggled previously at 196.

Closing Remarks

The Nifty 50 has a bullish outlook as along as it sustains above 24200 – geopolitics and earnings will dictate volatility. Traders need to follow their stop loss and keep monitoring the developments around the world.

Disclaimer: We cannot be held responsible for any losses incurred because this information has not been provided as investment advice. Please consult with a professional before making any trades.