Indian market closed in the red on Wednesday tracking weak global cues. Bears pushed the S&P BSE Sensex lower by more than 200 points while the Nifty50 managed to close just above 18200 levels.

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Sectorally, buying was seen in IT, healthcare, consumer discretionary, and telecom stocks while selling pressure was visible in metals, banks, energy, and oil & gas space.

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Stocks that were in focus include Triveni Turbine that closed flat after hitting fresh 52-week high, Tatva Chintan closed with gains of over 3 per cent and CG Power & Industries closed with gains of 5 per cent.

Here's what Santosh Meena, Head of Research, Swastika Investmart Ltd, recommends investors should do with these stocks when the market resumes trading today:

Triveni Turbine: Buy on Dips

The counter was continuing its bullish momentum with higher top higher bottom formation however it witnessed profit-booking from the resistance of upsloping trendline that is currently placed at 195 level.

The 195-200 area may act as a near-term top and stock may see a short correction towards 140 levels, but the overall trend is bullish, and any dip will be buying opportunity while a move above 200 can lead to a fresh expansion phase towards 240/270 levels.

Tatva Chintan Pharma: Buy

The counter doesn't have much trading history, but it manages to take out its high made on a listing day which is a positive sign and that may lead to a further rally in this counter.

On the upside, 3000 will be the next psychological hurdle while 2550-2450 area will act as a strong demand zone.

CG Power: Profit Taking

The counter is witnessing a vertical rise and continuing its strong bullish momentum despite most of the momentum indicators being in overbought territory.

It has taken out a multi-month hurdle of 122 but 160-170 is an immediate trendline resistance zone where we could see some profit booking otherwise the momentum is likely to continue towards the 200 level.

On the downside,130-125 will be the first demand zone while 95-90 will be the critical demand zone at any meaningful correctio.

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)