Stock Options: Sagar Doshi of Nuvama suggests buying Adani Wilmar, Chambal fertilizers, Creditaccess before the RBI policy | Einsmark news

The stock market today: Domestic benchmark indices, Nifty 50 and Sensex, are ready to open on Wednesday as they respond to a global downturn to the equity, fueled by rising trade tensions, with investors looking ahead to the Reserve Bank’s decision on Interest rates and economic support measures. The trends in Gift Nifty also indicate a poor opening for the Indian measure index. The gift Nifty was recorded at about 22,442.50, reflecting a decline of 187.85 points from the previous closure of Nifty Futures. Other Asian markets have seen significant drops, with the MSCI Asia ex-Japan falling by 1%. Japan’s Nikkei 225 fell 2.7%. Asian markets experienced declines on Wednesday, as the rates imposed by US President Donald Trump, with a solid tax at 104% on China, are implemented at the local midnight time of midnight. In the previous session, Wall Street shares dropped after announcing that 104% tariffs on Chinese imports would come into effect shortly after midnight Wednesday, raising the concerns about ‘stagflation’. Nifty 50 Outlook by Sagar Doshi, senior vice president- Nuvama Professional Clients Group Nifty 50, despite covering nearly 1,000 strange points of Monday’s opening layer, Nifty 50 is still negative for the week compared to Friday’s closure. A repeated attempt to take support near the low of the previous month was seen on the index. A visual double bottom is formed on the index while we go to an eventful day. With the RBI policy result owed today at 10am and market prices in a 25 -BPS rate reduction. Along with this before the US Market Open, the deadline for rates alive and global markets is expected that an announcement will lead further course from here. With a trading holiday tomorrow (Thursday) and Nifty’s weekly expiry preceded today (Wednesday), the index is likely to re -enter the purchase on Dip Zone and this volatile series closes again with 22,800. For the time being, a support from yesterday’s low is considered, but the index is likely to remain volatile so far, it remains under 22,800. Bank Nifty Bank Nifty was the star performer in this continued correction, while the index from the beginning of this calendar year was broadly holding on to its wide range. With tariff fears creating a strong setback in the world markets, its impact on Indian indices has also withdrawn leading indices to the lows of March 2025. However, Bank Nifty has strongly reversed after a 61.8% reduction. For the time being, we hold onto our previous view of dips between 49,900 and 50400, is a strong buy on the dips zone for the 52,500 upside index. Stock Options: Shares to buy on Wednesday – Sagar Doshi on shares to buy Wednesday, Sagar Doshi of Nuvama recommended three shares – Adani Wilmar Ltd, Chambal Fertilizers & Chemicals Ltd, and Creditaccess Gramen Ltd. Adani Wilmar Ltd (Buy): LCP: £ 275.45; SL: £ 262; TGT: £ 300 With the majority of consumption and FMCG shares showing resilience in this leg of the downturn in indices, AWL closed at a fresh 12 weeks that ended the highest point of 12 weeks sideways in the lower range. Stock has reversed after testing the Lifetime Low list now, indicating a move north to achieve the 200 DMA resistance at £ 300-310. Chambal Fertilizers & Chemicals Ltd (Buy): LCP: £ 631.65; SL: £ 612; TGT: £ 680 shares that are high in a market accident are mostly those who are witness to significant flow and less outflow compared to the names being traded widely. The current strength seen in this name is likely to extend another 8-10%, as the reversal of the market is formed on maps. A support that is seen at yesterday’s low is an ideal risk of play for the upside. Creditaccess Grameen Ltd (Buy): LCP: £ 996.55; SL: £ 962; TGT: £ 1,084 lower high formation, along with a potential cup and handle formation set on the daily charts set up to set up this stock for an outbreak for higher targets that coached 15-20% of the CMP. A rate reduction by RBI is likely to act as a catalyst for the stock in the short term, with support seen at the low yesterday. For the time being we see an immediate target of 1.080+, but the overall targets for this pattern are seen much higher. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.