Share to buy or sell: Chandan Taparia recommended three shares to buy today – 18 February | Stock market news

The Indian stock market benchmark indices, Sensex and Nifty 50, were opened on Tuesday, 18 February amid mixed global signals. Equity market is looking at immense sales pressure, with Nifty 50 trading below 23,000 level.

Sensex 76.85 points, or 0.10%, more at 76,073.71, while Nifty started trading at 22,963.65, trading at 4.15 points or 0.02%. Sales were seen in auto, financial, PSU banks, oil and gas, FMCG and metals, while the IT and media sectors were in green.

Nifty 50 Outlook

The Nifty 50 index formed a rapid candle with a long low shade on the daily frame, reflecting the bulls awake at the lower levels. Now, if Nifty 50 23,000 manages to cross and catch above the zone, then the bounce can be seen towards 23,150, then 23,250 zones, while the support is intact at 22,800, then 22,725 zone, sandalwood tapariya, head – derivatives and technical, wealth Management, MOFSL said.

Bank Nifty Outlook

Bank nifty On Monday, a rapid candle is formed on a daily scale with a long low shade that is indicating the purchase coming from the lower areas. Now it is to hold up to 49,000 zones for a boom towards 49,750, then 50,000 while 50,000 is seen at 49,000 on negative support, then at 48,750 levels, Tapari said.

Chandan Taparia has recommended three shares to buy on 18 February today. Recommend buying taparia Maruti Suzuki IndiaBajaj Finserv and UP.

Stock to buy

Maruti Suzuki | Buy | target price: 13,200 | Lack closed: 12,500

The Maruti Suzuki share price is fully respecting 20 Dema and Inching. The overall setup looks rapidly and the base is shifting more. Maruti Suzuki Stock has formed a fast candle on a daily scale and the RSI indicator is positively placed that can support the ongoing step, Taparia said.

He recommended to buy Maruti Suzuki shares with a target price 13,200, and a stop loss 12,500.

Bajaj Finserv | Buy | target price: 2,000 | Lack closed: 1,840

Bajaj Finserv The share price has given a range breakout on the daily chart and has managed to close it. Despite this widespread market weakness, it is relatively better and gaining profit. The AdX line is increasing that confirms the strength of the uptrend, the MOFSL analyst said.

He recommends buying Bajaj Finserv shares for the target 2,000, taking into account a stop loss 1,840.

UPP | Buy | target price: 665 | Lack closed: 615

Apple shares are on the verge of giving poll and penette breakout on the daily scale. Shopping appears in chemical space that has rapid implications. The MACD indicator is increasing that confirms the speed of fast, Taparia said.

He advises to buy Abduct Share for target price of 665, with a stop loss 615.

Disclaimer: The views and recommendations made above are of individual analysts or broking companies, not Mint. We recommend investors to investigate with certified experts before taking any investment decisions.