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HomeSTOCKSAfter 22550, Nifty Will Move Towards New Record High; 2 Strong Stocks...

After 22550, Nifty Will Move Towards New Record High; 2 Strong Stocks For Positional And Intraday

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The stock market ended with a small decline. On Wednesday, Sensex fell by 27 points and closed at 73876 and Nifty slipped by 19 points and closed at 22435. FII sold Rs 2214 crore while DII bought Rs 1102 crore. 

At 9 pm, America’s Dow Jones was trading with a slight increase of 25 points. Let’s know where the market support is on Thursday and what kind of movement is possible.

Keep The Focus On Selected Mid And Small-caps

The smallcap index has registered a rise for the 8th consecutive day and the midcap index has registered a rise for the 9th consecutive day. The fear of selling in March is over. Investors are taking positions openly. 

Mutual funds invested Rs 45000 crore in March. Overall, the sentiment and market trend remain positive. The market will get signals from America. Focus on selected smallcaps and midcaps.

Support Of Nifty And Bank Nifty

On Thursday, there will be strong support for Nifty at the level of 22250-22350. On the upper level, there will be resistance at the level of 22525-22550. 

Once this level is crossed, Nifty will make a new high. On Thursday, Nifty’s weekly expiry will also occur. 

Talking about Bank Nifty, there is strong support in the range of 47275-47400. After crossing 47750, it will move towards a new rise.

Positional And Intraday Stocks

Another expert has chosen Voltas for positional investors. This share is worth Rs 1221. 

It made a new high of 1225 in intraday. The Target of Rs 1290 and support will be at the Rs 1175 level. 

Experts have chosen Indian Hotels for intraday on 4th April. This share is worth Rs 612. Made a record high of 618 in intraday. A target of Rs 640 has been given with a support of Rs 600.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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