Stock Market: Short call in these stocks will make money amid market fall, know whether investing is right

The March series has started very weakly. Nifty has slipped by almost 275 points and has come below 22300. IT stocks are being beaten badly. The IT index has slipped by more than 3%. It has lost 3 thousand points within 4 days of breaking the 200 DMA. Wipro, Tech Mahindra and PERSISTENT have fallen by up to 5%. In such a situation, today we will tell you about such sectors and stocks which will make you earn profit in the market. So let's take a look at those stocks which can emerge as today's big stocks. Let's take a look at today's big stocks, which will be in action throughout the day.

Anuj Singhal said that the weakest sector in this market is the IT sector. The texture of the IT sector is weak. Nifty IT index has slipped below 200 DMA. The stock is very weak on the chart. Death crossover was seen on the daily chart. 50 DMA has crossed 200 DMA from above. The price reached the lowest level in one quarter. Long deals were cut in futures on the second day as well.

Anuj Singhal said that after the good results, there has been a constant pressure on the stock. The stock is very weak on the chart. It is below 20 DEMA for one month. There is a risk of 200 DMA also breaking. There was 86% rollover in March. Long deals were cut in futures.

Granules in Focus (RED)

Anuj Singhal is bearish on Granules. He says that the Gagillapur unit received a warning letter from USFDA. USFDA did not indicate any new action but the classification of OAI remains. Granules says that the warning letter may have a temporary impact on the plant. The supply of pending products may be affected. We will submit a reply to the US FDA within the stipulated time. The matter is expected to be resolved within the stipulated time.

INDIGO (GREEN) IN FOCUS

Anuj Singhal seems bullish on Indigo's stock. He says that in January the market share increased from 64.4% in December to 65.2%. In January Air India's market share decreased from 26.4% in December to 25.7%. SpiceJet's market share came down to 3.2%. Indigo's on-time performance was the highest at 75.5%, Akasa Air's OTP was 71.5%, SpiceJet's was the lowest at 54.8%.

Stock Market Live Updates: Nifty reached 8-month low, Sensex fell 900 points, all sectors in red

Stock Market Strategy: The texture of the market is very bad, Nifty may slip to 21,800-22,000 in the current swing – Anuj Singhal

(Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for the same. Moneycontrol advises users to seek advice from certified experts before taking any investment decision.