Stocks to trade: Raja Venkatraman recommends three stocks for 21 April
Subscribe to enjoy similar stories.While the market shows some promise and trends are expected to gain momentum, current upward movement is limited. Higher price levels are meeting selling pressure, which is dampening bullish sentiment.Buy above ₹520, stop ₹490, target 575 (multiday)Buy above ₹181, stop ₹168, target ₹205 (multiday)Buy above ₹76, stop ₹71.50, target ₹85 (multiday)On 20 April, Indian equity markets witnessed a volatile session, extending gains for the second consecutive day but ultimately closing flat as global uncertainties weighed on sentiment. The Nifty opened on a mildly positive note and showed strength during the late morning trade, supported by selective buying in banking and metal counters.
However, profit booking in the afternoon erased intraday gains, leaving the index almost unchanged by the close.The Sensex ended higher by 26.76 points or 0.03% at 78,520.30, while the Nifty added 11.30 points or 0.05% to settle at 24,364.85. Market participants remained cautious amid concerns over the Iran-US ceasefire, which kept overall sentiment subdued. Stocks such as Trent, SBI, JSW Steel, and Asian Paints were among the active movers during the day.
Broader indices mirrored the volatility, with midcaps and smallcaps struggling to sustain momentum, reflecting a wait-and-watch approach among investors.Positive domestic and geopolitical news has helped trends revive, though the markets failed to sustain at higher levels and remain largely neutral. We are currently negotiating the 24,300 level. After a quiet start, yesterday’s impressive recovery reignited a bullish bias.
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