
News Topical, Digital Desk : The stock market witnessed further decline in Thursday's session, Nifty fell by more than 200 points today and the index closed at 24500. The decline in Nifty Bank was even more than this. The index closed down by more than one percent. Market experts predict that the decline may continue on Friday as well, so it would be better to focus on stocks rather than index for trading.
What is the forecast for the index?
According to Arun Kumar Mantri of Mantri Finmart, weakness is being seen in both Nifty and Bank Nifty. There is a possibility that weakness may remain in both the indexes on Friday as well. Arun said that after today's fall, it is possible that the market may slip towards 24350. In such a situation, levels of 24350-24400 can be seen tomorrow. If these levels are also broken, then there is a possibility of a big fall. Bank Nifty can also see similar weakness. The index can slip towards 53400 from here.
In which stocks is trade recommended? According to Arun, there are signs of growth in many stocks in the market. He has advised to trade in 2 stocks with a 2-3 day perspective. He has advised to buy Amber Enterprises. According to him, the stock can be bought at 7230-7235. A stop loss of 7140 and a target of 7420 has been given for the stock. Along with this, buying is recommended in Voltas. The stock closed at the level of 1359. They have advised to keep a stop loss of 1339 in the stock and have given a target of 1403.
Read More: F&O: These 8 stocks will be out of F&O, who are included in the list
--Advertisement--