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News Topical, Digital Desk : The stock market saw a decline on Thursday, with the Nifty falling 88 points to close near the 25,500 level. Market experts believe that after a few days of decline, the market may now recover somewhat at current levels. According to them, Thursday's closing level is crucial for the market, and a recovery is possible from here. Additionally, trading opportunities are emerging in several stocks that can be exploited. Our experts have shared a trading strategy and a list of preferred stocks for Friday. You too can take advantage of this.
According to Arun Kumar Mantri of Mantri Finmart ,
Nifty has strong support between 25,400 and 25,500. It's possible the market could consolidate from here or show a recovery. He says the market has been declining for a few days and is now nearing strong support. This could be a good opportunity for traders to enter the market. He advises creating a long position with a stop-loss of 25,400. In the short term, levels between 25,650 and 25,700 could be considered. Arun expressed confidence in two stocks and advised trading with a 2-3 day horizon. He has a buy recommendation on Bajaj Finserv, which is currently trading at 2063. He recommends buying the stock with a stop-loss of 2032, suggesting the stock could reach 2122. He also recommends buying HCL Technologies. The stock closed at 1526 today. They have recommended a stop loss of 1502 and a target of 1581.
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