
Stocks to buy: Raja Venkatraman recommends three stocks for 5 March
Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for Thursday, 5 March.Best stocks to buy today (All Buy trades are rates of Equity & Sell rates are based on F&O)TRIVENI: Buy above ₹401, stop ₹378 target ₹448 (Multiday)GESHIP: Buy above ₹1360, stop ₹1275 target ₹1505 (Multiday)NATIONALUM: Buy above ₹373, stop ₹355 target ₹415 (Multiday)Broader markets underperformed, with both Nifty Midcap and Smallcap indices slipping 2%. The rupee also weakened, breaching the 92-per-dollar level to hit a record intraday low of 92.30 before settling at 92.14, down 67 paise from its previous close.Among major laggards were Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, and JSW Steel, while Coal India, Bharti Airtel, Infosys, and Tech Mahindra managed gains.Trends are clearly disturbed ; however, we continue to hold on to our view that “…we would be looking at the levels of 24500-24600 to hold.”. After a sharp drop yesterday the markets hesitatingly and gradually made their way higher.
More road to cover for the market as the trends are indicating that the selling is not yet done. However, the anxious steps that are being taken leaves everyone with a doubt that the road ahead is strewn with landmines that may suddenly explode.Looking at the recent turn of events, we should factor the possibility of volatile market action that shall continue to dictate the trends.
Overall, we should accept that the market shall look to rebound as at the domestic end the situation is not impacted. The global repercussions are forcing the market to reconsider the way forward.From the higher timeframe charts shown below we are noting the Nifty is down now to the next critical support which is the cloud
. Read on livemint.com