There is a period of ups and downs in the stock market. The market has fallen more than 11 percent from its record level.
On Tuesday, the Sensex fell by 54,364.85 points and the Nifty closed at the level of 16240. However, recovery is expected in the market on Wednesday.
Amit Trivedi, CMT (Technical Analyst) of Yes Securities says that there may be some correction in the market at the level of 16,100. According to Amit Trivedi, you know in which shares you can benefit by investing money today. Here we will give you information about the shares and their target.
You can buy the share of Hindustan Unilever Limited (HUL) for close to Rs 2170. Its stop loss is Rs 2120 and target is Rs 2270. That is, you have a chance of making a profit of Rs 100 per share. This stock is slowly going up in the last few months. The 52-week high of this stock is Rs 2,859.30.
Tire maker CEAT can also give you good profits. You can buy the share close to Rs 1090. The stop loss of the stock is Rs 1,060 and its target is Rs 1,150. Despite the fall in the stock market, this stock remains at the level of Rs 1,080.
You can buy the share of housing finance company HDFC Ltd. (HDFC Ltd.) from Rs 2,180 to Rs 2,200. Its stop loss is Rs 2,140 and target is Rs 2,350/2,400. In the last about 20 trading sessions, this stock has corrected up to 25 percent. (Analyst: Kruti Shah, Equirus)
You can buy the stock of Navin Fluorine International Limited in the range of 3,800-3,850. In the last few sessions, this stock has gone up to the range of Rs 4000 to 4200. Again this share can go so far. (Analyst: Kruti Shah, Equirus)
(Disclaimer: Investing in the stock market is subject to risk. Zee News does not recommend you to invest in the stock market. Before making any kind of investment, please consult an expert.)
