Stocks to BUY Today, September 1: The Indian stock market is expected to start on a slightly weaker note on Tuesday (September 1), as indicated by GIFT Nifty and negative sentiment across Asian markets.
As of 8:20 am IST, GIFT Nifty was trading slightly lower at 24,183. GIFT Nifty is a pre-market indicator for the Nifty 50 and often signals whether the benchmark index is likely to open higher, lower or flat based on global market cues. (GIFT Nifty Today)
Ahead of the trading session, SEBI-registered research analyst Kunal Bothra has recommended a few stocks that could potentially be bought or sold during Tuesday’s trading session.
Stocks to Buy Today
Here are the top stock picks suggested by Kunal Bothra, along with their target prices and stop-loss levels:
Engineers India Share Price Target Today
Kunal Bothra has recommended a BUY call on Engineers India (EIL), with a target price of Rs 288 and a stop-loss at Rs 255.
Nykaa Share Price Target
Kunal Bothra has recommended a BUY call on FSN E-Commerce Ventures, or Nykaa, with a target price of Rs 348 and a stop-loss at Rs 332.
| Stocks to BUY Today | Target | Stop Loss |
| Engineers India (EIL) | Rs 288 | Rs 255 |
| FSN E-Commerce Ventures, or Nykaa | Rs 348 | Rs 332 |
Nifty Levels to Watch
Additionally, ahead of today’s trading session, here are the key support and resistance levels to watch:
- Support Level: 24,000
- Resistance Levels: 24,200 and 24,500
Asian Markets Today
Asian markets traded lower on Tuesday (September 1), with most major indices posting losses.
Japan’s Nikkei 225 was down around 0.4 per cent at 66,038. South Korea’s KOSPI traded about 0.8 per cent lower at 6,771.66, while Hong Kong’s Hang Seng was down 1.4 per cent at 25,265. Meanwhile, China’s Shanghai Composite ticked lower by 0.2 per cent at 3,979.78.
Stock Market on August 31
The broader sectoral picture remained weak on Monday (August 31), with most NSE sectoral indices ending in negative territory.
The 50-share NSE Nifty dropped 95.25 points, or 0.39 per cent, to end at 24,080.40.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
