The Indian stock Markets saw its worst ending on Friday since August. The domestic markets closed at their three months low levels. Nifty50, fell by over 509 points or 2.9 per cent to end at 17,026. Meanwhile, BSE Sensex ended at 57,107, lower by 1687 points of 2.9 per cent from the Thursday closing levels.

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Nifty Bank also registered a 1339 points correction to close at 36025 and all top banking stocks including HDFC Bank, ICICI Bank and Axis Bank witnessed significant drubbing.

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The markets were plagued by double whammy – lower appetite for buying and higher selling pressure, analyst Sandeep Jain said. The Nifty Volatility Index of VIX was also up during the trading session. Easy money and low hanging fruit is now not visible in the markets for investors, the Tradeswift Director said.

Taking a departure from his usual calling trends, he recommends a stock for selling,

Bharat Forge: Sell| LTP: Rs 699| Target: Rs 683/675| Stop Loss: Rs 710

He recommended selling in Bharat Forge, a stock which has seen significant gains. He said that the auto ancillary segment has been doing quite well for some time now. He expects profit booking in this stock now. This is an intraday Futures & Options pick for Monday.  

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Bharat Forge: Buy| LTP: Rs 147| Target: Rs 170/180| Stop Loss: Rs 135| Upside 22%

Another stock picked by him was from a positional view. He recommended Redington (India) Limited which was previous recommended by him in another show on the channel. It ended positively on Friday, up 2.3 per cent from the Thursday closing price. He recommended buying in this stock on Monday.