Stock Market Today: Trade Setup for Nifty 50 to US Fed Meeting, Eight Stocks to Buy or Sell on Thursday

Stock Market Today: Trade Setup for Nifty 50 to US Fed Meeting, Eight Stocks to Buy or Sell on Thursday

Keywords: Nifty 50, US Fed Meeting, Stocks to Buy, Stocks to Sell, Indian Stock Market

Trade Setup for Nifty 50

The Indian stock market is expected to open on a cautious note today, as investors await the US Federal Reserve’s (Fed) decision on interest rates later in the day.

The Nifty 50 index is expected to trade in a range of 15,700-15,900 levels. A breach of 15,900 levels could lead to further upside, while a fall below 15,700 could indicate weakness.

Eight Stocks to Buy or Sell on Thursday

Stocks to Buy:

Larsen & Toubro: Positive breakout above Rs. 1,800 levels.
Hindustan Unilever: Strong fundamentals and technical uptrend.
HDFC Bank: Bullish breakout pattern on the daily and weekly charts.
Tata Motors: Positive volume and price action suggesting a potential breakout.
ITC: Accumulation zone forming around Rs. 280 levels.

Stocks to Sell:

ICICI Bank: Bearish reversal pattern formed on the daily chart.
Reliance Industries: Overbought conditions and profit-booking expected.
SBI: Technical indicators suggesting potential downside.

Conclusion

The Indian stock market is expected to remain volatile today ahead of the US Fed meeting. Investors should exercise caution and trade with a disciplined approach. The eight stocks mentioned above provide potential trading opportunities, but it is important to conduct thorough research and consult a financial advisor before making any investment decisions.