Stock Market Today: Trade Setup for Nifty 50 to Modi 3.0

Stock Market Today: Trade Setup for Nifty 50 to Modi 3.0

Keywords: Stock market, Nifty 50, Modi 3.0, stocks to buy, stocks to sell

The Indian stock market witnessed a positive start to the week, with the Nifty 50 index opening higher by over 50 points. The index is expected to trade in a range of 16,500-16,700 in the near term, as it looks to consolidate its recent gains.

Five Stocks to Buy or Sell on Monday — June 10

Buy:

HDFC Bank: The stock is trading near its 52-week high and is expected to continue its upward momentum. It has strong fundamentals and is a good buy for long-term investors.
Reliance Industries: The stock is expected to benefit from the upcoming 5G rollout and is a good bet for investors who are looking for exposure to the telecom sector.
Tata Motors: The stock has been a major beneficiary of the recent boom in the auto sector and is expected to continue to perform well.
HDFC Life: The stock is trading at a discount to its peers and is expected to gain from the growing demand for life insurance products.
Bharti Airtel: The stock has been a major underperformer in recent months but is expected to rebound as the 5G rollout gains momentum.

Sell:

Paytm: The stock has been a major disappointment since its IPO and is expected to continue its downward trend.
Adani Ports: The stock has been under pressure due to concerns over the group’s high debt levels.
SBI Life: The stock is trading at a premium to its peers and is expected to underperform as the insurance sector faces increasing competition.
Tata Steel: The stock has been a beneficiary of the recent surge in steel prices but is expected to cool off as prices stabilize.
BPCL: The stock is expected to underperform as the government continues to explore options for its sale.