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News Topical, Digital Desk : A sharp recovery was seen in the stock market on Thursday. Nifty recovered about 250 points in the last one hour of today. Now all eyes are on Friday's trading when the market will see whether the boom of the last hour today continues tomorrow or not. According to Arun Kumar Mantri of Mantri Finmart, if there is no buying tomorrow, the market may go back to consolidation, although there are signs of the boom continuing in some stocks.
In which stocks there is hope of growth
Arun has advised to trade in 2 stocks. According to him both the stocks can be bought for short term. He has advised to buy in CDSL. According to him shorts are seen to be covered in this. On Thursday the stock closed more than one percent higher at around 1564 level. According to Arun one can buy the stock around 1560. According to him the target for the stock is 1610 and the stop loss for the deal is advised to be 1537. On the other hand according to him a good breakout is seen in JSW Steel. His advice is to buy the stock around 1062. The target for the stock is 1095 and 1100. The advice for the stock is to keep a stop loss of 1049.
What is the advice for the index? According to Arun Nifty defended the level of 24400 today and after that registered a recovery. According to him, if there is buying in the market on Friday, then the market will be able to maintain this momentum, otherwise the market can once again go into consolidation. He has advised that those who have bought in the market should keep a stop loss of 24400 and if Nifty goes up to 24750-24800, then lighten your position. According to him, tomorrow's session is going to be very important.
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