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News Topical, Digital Desk : There can be a lot of action in the stock market on Wednesday. US President Trump has announced to impose high tariffs on India. The Reserve Bank's policy is also on Wednesday. Earlier today, i.e. on Tuesday, the market has seen a decline. Experts believe that for now, focus on such stocks which are based on domestic demand and investors who do not want much risk can keep away from the market for now.
In which stocks can you trade?
Amidst the uncertainty on Wednesday, market expert Amit Seth has expressed his trust in Jindal Steel. According to him, the structure of the stock remains very good. He has advised to trade in the stock and has given a stop loss of 990 and a target of 1020 for the stock. The stock closed at 1001 with a gain of 2 percent today.
What should be the strategy for Wednesday? According to market expert Amit Seth, weakness remains in Nifty and no rise in the market has been stable. Recovery was seen in the market in Monday's session. However, today the effect of Trump's tweet was seen on the market. According to him, until the Nifty does not cross 25000-25050, the market position will remain weak. At present, 24500 remains an important level for Nifty. If this level breaks, then problems can arise. At present, it is advisable to sell on the rise in the market. If the level of 24800 is seen in Nifty, then it is advisable to sell, for this keep a stop loss of 24850. Those who do not want to take much risk can also stay away from the market because tomorrow the impact of the Reserve Bank's policy and the latest update on Trump tariff can be seen.
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