Based on the
market analysis of our trading experts, we are providing you few stocks that
you can add on your portfolio today. Nifty will trade range of 7490-7680 today.
The weakness in the market continues for second week due to China. Investors were also cautious ahead of December
earnings which is expected to be tepid.
Crisil
thinks Q3 will be sixth consecutive quarter of single-digit topline growth. It
expects Q3 revenue growth to be tepid at 2 percent and sees a 60-70 basis
points (bps) decline in the overall EBITDA margins.
There was no
stopping in the rout in China as stocks hit their lowest level in 3 months even
as the central bank bolsters the yuan for the second straight session. The
Shanghai Composite lost over 5 percent and that took markets across Asia on a
downward spiral.
The yuan was guided higher by the People's Bank Of China for the second straight session. The central bank also assured investors that the economy is "stable & healthy"
The yuan was guided higher by the People's Bank Of China for the second straight session. The central bank also assured investors that the economy is "stable & healthy"
Due to all
these factors stocks to trade today are very limited, we advise you to trade
with strict stop loss.
Note:- Trading without stop loss involves huge amount of risk and should be
discarded.
If you have queries regarding any particular stock
then write your query in comments we will reply to you at earliest.
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