🔴 GIFT NIFTY traded 25 points higher at 21,479.50 signaling that the Indian stock market is headed for a positive start today.
🔴 All three major U.S stock indexes oscillated for much of the session, but by closing bell the S&P 500 was nominally lower, the Dow was modestly higher and interest rate-sensitive tech- and tech-adjacent momentum stocks put the Nasdaq out front.
🔴 India VIX was up by 6.55% to the levels of 13.13. The spurge in the volatility index comes as markets reach all time highs and heavy buying from the FIIs.
Motilal Oswal’s Daily Fundamental and Technical Picks
Fundamental Pick (For more than a year)
1) Bajaj Finance – Target – 9,600 (28%)
2) Ashok Leyland – Target – 215 (24%)
3) Kaynes Tech – Target – 3,100 (20%)
4) Apl Apollo tubes – Target – 1,930 (19%)
5) ITC – Target – 535 (17%)
Technical Pick (for 2-3 days)
Tata Motors
Previous Close – 732
Target – 770
Potential Upside – 4%
