Wednesday At Market: Suzlon, Nykaa in Spotlight, Bullish Mood For DCM Shriram, JSW Energy

Tuesday got some good gains for the Indian stock markets and Nifty and Sensex closed in green. NSE Nifty jumped 31. 85 points to close at 21,544.

85, and the BSE Sensex jumped 30. 99 points to close at 71,386. 21.

As the day opens for mid week trading, experts opine that the market is currently unstable with a lot of factors but some stocks are riding a good joyride. Bullish Momentum In These Stocks The momentum indicator MACD has given indications about some stocks that are in a bullish mode at the moment. These include Suzlon Energy, Hindustan Construction Company, Fsn E-Commerce Ventures (Nykaa) and Gail (India) .

A favourite with the market, Suzlon Energy is trading at Rs 43. 35 following a jump of 1. 76 per cent.

Hindustan Construction Company gained 1. 98 per cent, trading at Rs 30. 95.

Fsn E-Commerce Ventures gained 5. 68 per cent, and is available at Rs 186. 95.

In the last one year it has given 24. 22 per cent returns. Gail (India) is up by 0.

37 per cent and is trading at Rs 161. 30. Top Gainers Of The Day That Closed On A High Note Here are some of the top gainers during Tuesday’s trading session that closed on a high note.

These included Motisons Jewellers, Banaras Beads, DCM Shriram Industries and JSW Energy. Motisons Jewellers saw a gain of 19. 99 per cent and is trading at Rs 157.

55. In the last five days, it has gained steadily at 39. 92 per cent.

Banaras Beads was up by 13. 27 per cent and is available at Rs 106. 30.

In the last one month it has jumped 11. 84 per cent. DCM Shriram Industries gained 9.

98 per cent, trading at Rs 176. 30. In the last five days, it has gained 14.

82 per cent. JSW Energy jumped 8. 48 per cent and is trading at Rs 455.

The 52-week high for this stock is Rs 477. Gold And Silver Prices For The Day 22k gold is priced at Rs 57,700 per 10 grams 24k gold is priced at Rs 62,950 per 10 grams Silver is priced at Rs 76,600 per kilogram. Market Experts’ Insights Prashanth Tapse, Senior VP (Research), Mehta Equities : Wall Street observed a gradual decline overnight, sparking debates on a potential soft landing or recession and the magnitude and timing of a US rate cut.

Friday’s US jobs data highlighted inflationary pressures, leading futures traders to project a 62% chance of a Federal Reserve interest rate cut in March. This week, attention turns to India and the US with CPI data releases. Technically, Nifty’s crucial support lies at 21307, while immediate upside hurdles are at 21715.

For Bank Nifty, major intraday support is at 46919. Recommended trades include buying Nifty between 21450-21475 with targets at 21715/21836, and Bank Nifty between 46900-47000 with targets at 48636/49000. The preferred stocks for intraday weakness are ZOMATO, APOLLO TYRES, COAL INDIA, BALKRISHNA INDUSTRIES, and INDIGO.

The top stock to buy now is ZOMATO (CMP 134) with targets at 141/163 and aggressive targets at 201, holding for 12-15 months. In conclusion, any sharp decline or bear attack at Dalal Street is expected to trigger sharp upside rallies. (All views expressed by experts are personal.

Investments are subject to market risks and this article suggests you to invest wisely).