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  • 3 years ago
Stock Market Highights: Domestic indices ended Tuesday’s session in the red. The NSE Nifty 50 dropped 20.25 points or 0.10% to 19,733.55 and BSE Sensex fell 68.36 points or 0.10% to 66,459.31. What should be you strategy for 2 August 2023 Stock Market, let's know in this video.

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00:00 Nifty, Sensex, and Bank Nifty are trading with a sideways trend
00:11 Due to global Qs, there is no up and down in the market
00:16 Nifty closed at 19,733
00:21 Sensex at 66,459
00:24 and Bank Nifty at 45,592
00:28 Overall, between 50-60 points, Nifty, Sensex, and Bank Nifty are trading
00:33 Closing down was seen but across the sector, profit booking was high
00:38 like auto, cement, FMCG, construction, energy, media, service industry
00:45 Profit was seen in the stocks
00:49 Before some stocks, let's understand the sectors
00:53 Fertilizer, Bank, IT, Metals, Pharma, Telecom were the sectors that were leading
01:01 Once you understand the OI data, you will understand that the resistance is around 19,800
01:07 because there are more than 21 lakhs of OI's here
01:11 especially on the call side of 19,800
01:15 If we look at the support side, then the OI's are building up on the put side of 19,500
01:20 In the entire strike, the highest OI addition was seen between 19,500 and 19,800
01:27 This means that the market is taking it as a support and resistance
01:33 If we talk about the top gainers and losers, then there are Coal India, NTPC, Tech Mahindra, HCL, Aishwarya Motor, and Gale
01:40 These are the counters that were seen to be closing at 5% to 1%
01:45 If we look at the losers, then there was a drop in energy
01:51 Power Grid fell 5%, Hero Motocorp fell 3.5%
01:55 and behind Hero Motocorp, there was an attack on management by ED
01:59 This could be the reason why the investor was losing confidence and started profit booking
02:05 Tata Communications, Zeal, Adani Port, and Bajaj Fincer were also counters that were seen to be closing in the negative zone
02:12 and the closing was down by 1.5%
02:16 But tomorrow, it is important to note that the earnings season is going on
02:20 and the results of some big companies are pending
02:25 Today, ITC's result was there but we did not see much of a rise
02:30 but in tomorrow's market, Ambuja Cement, Titan, Adani Total Gas, Bodhraj Properties, Hindustan Petrol, Gujarat Gas, Apollo Tire
02:40 These are the counters that will be announced tomorrow
02:44 and we will see a move in the market
02:48 Overall, the focus is to focus on the stock
02:52 but you can get profit on the right sector choices
02:57 Coal India has shown a recovery but we are not seeing much confidence here
03:03 Tata Power also saw a 3% upside
03:06 Now, let's talk about the stocks to buy and which stocks to make
03:12 First, you should focus on Berger Paint as this stock is breaking out with a good technical chart
03:21 and moving averages are showing support
03:24 It is closing at 704 and it will be going up to 735 in the upside
03:28 The stop loss will be of 690
03:30 NTPC is also showing a fresh buy at the price of Rs. 223
03:35 and here also, a buy position can be taken
03:38 The stop loss will be of Rs. 220 and target will be of Rs. 228
03:41 PTC can be focused here as it is closing at Rs. 121
03:44 and now, from the stop loss of Rs. 119, it can be seen at a level of up to Rs. 126
03:49 so you can focus on this
03:51 In tomorrow's market, we will see a pullback in the IT counter
03:54 Teji can continue here as Tech Mahindra is leading
03:58 It is closing at Rs. 1151 and now, it will be going up to Rs. 1180
04:04 so it can be taken as a buy position
04:06 Now, let's talk about the stocks to keep away from
04:09 as profit booking is increasing rapidly in the market
04:13 and the first stock that is visible is Crampton
04:15 It is closing at Rs. 240 and now, it is closing at Rs. 293
04:22 and here, a downfall is visible at a target of up to Rs. 270
04:28 Heavels India's profit booking can increase further at Rs. 1332
04:34 and now, it is closing at Rs. 1300
04:36 so you can see a downfall here
04:38 In Asian Paint, the profit booking can increase further
04:42 It is at a level of Rs. 3342 and now, after the results, it is at a good profit booking
04:47 You can see a level of up to Rs. 3343
04:50 so here also, a downfall of 1-1.5% is visible
04:54 If we talk about some other stocks, it should keep away from AU Bank
05:00 It is closing at Rs. 721 and now, it can show a target of Rs. 710
05:05 These are the counters to keep away from
05:08 and in the market tomorrow, there will be a sideways movement
05:12 but the premium of Call and Put can be seen to be lost
05:15 and it can be focused on
05:17 [Music]

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