Unlock Profits! Today’s Nifty 50 Trade Setup: Navigate Trump’s Tariffs & H-1B Fee Hike with These 8 Must-Buy or Sell Stocks!
Stock market sentiment showed continued pressure as the benchmark indices, Sensex and Nifty 50, fell for the third consecutive day on Tuesday. This downturn was driven by significant selling in the IT and major private banking sectors, compounded by foreign fund withdrawals provoked by concerns over a dramatic rise in US H-1B visa fees. The 30-share BSE Sensex concluded the day down by 57.87 points, or 0.07%, settling at 82,102.10. Similarly, the Nifty 50 experienced a decline of 32.85 points, or 0.13%, closing at 25,169.50.
Osho Krishan, Senior Analyst at Angel One, highlighted the Nifty 50’s current technical landscape, indicating that the support zone between 25,100 and 25,000 aligns with the 20-Day Exponential Moving Average, along with a recent bullish gap on daily charts. He noted that this support level offers a compelling entry point for long-term positions, while resistance is expected between 25,300 and 25,350. The recent high at 25,449 acts as a significant barrier, and a breakout above this threshold could reignite momentum for further gains.
In broader macroeconomic developments, Siddhartha Khemka, head of Research at Motilal Oswal Financial Services, discussed India’s Composite PMI, which eased to 61.9 in September from 63.2 in August, signaling a slight slowdown even as growth remains robust. Core sector output, however, surged to a 13-month high of 6.3% in August, driven by strong performances in steel and coal sectors. He also emphasized the importance of ongoing trade discussions between India and the US, as Commerce Minister Piyush Goyal met with US Trade Representative Jamieson Greer to expedite negotiations, indicating a positive outlook for market resilience.
Highlighting potential stock opportunities, several market experts shared their recommendations. Sumeet Bagadia of Choice Broking suggested purchasing shares of Usha Martin Ltd at ₹443.5 with a target of ₹475, as the stock approaches its all-time high and shows signs of a bullish trend. He also recommended Ashok Leyland Ltd at ₹144, targeting ₹154 while emphasizing its upward momentum.
Ganesh Dongre from Anand Rathi pointed out Punjab National Bank as an attractive buy at ₹114 with a target of ₹120, citing robust investor interest. He similarly recommended Bajaj Auto at ₹8,985 with a target of ₹9,200, alongside PNB Housing Finance at ₹891 targeting ₹930, noting strong technical setups for both.
Shiju Koothupalakkal from Prabhudas Lilladher listed stocks including Moil Ltd, suggesting a buy at ₹362.40 with a target of ₹382, Vascon Engineers at ₹63.24 with a target of ₹68, and Sanghvi Movers at ₹393.95 targeting ₹425. Each recommendation reflects positive price actions and substantial volumes, indicating potential upside.
In summary, while the stock market faces challenges amid foreign funds outflows and rising US visa fees, technical indicators and expert insights suggest opportunities for savvy investors. As the market navigates these complexities, the recommendations present a potential roadmap for those looking to capitalize on growth amid current pressures.
Original Source: https://www.livemint.com/market/stock-market-news/stock-market-today-trade-setup-for-nifty-50-trump-tariff-h-1b-visa-fee-hike-8-stocks-to-buy-or-sell-on-wednesday-11758644102145.html
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Publish Date: 2025-09-24 06:31:00
