What’s Moving Markets Today: March 4, 2025
Share Market Today Live Updates: Stock to buy today: JSW Steel (₹976.30) – BUY
The week is off to a thrilling start, with global markets reacting to the news of tariffs imposed by the United States on Canada and Mexico. The impact is being felt across the globe, with Asian markets taking a hit. In this fast-paced environment, it’s essential to stay informed and guided. In this article, we’ll help you navigate the market updates, providing you with valuable insights and recommendations to make informed investment decisions.
Heading into the Day: Nifty 50 Forecast
The Nifty 50 has been consolidating at around 10,800 levels, forming a symmetrical triangle pattern. In the past few sessions, we’ve seen a slight breakout above the trendline, which could be a sign of a possible upmove. Today, we’re looking for a gap-up opening, which could propel the Nifty 50 to around 10,950 levels.
Stock to Buy Today: JSW Steel (₹976.30) – BUY
We’re recommending buying JSW Steel with a target price of ₹1,020, backed by a strong fundamental story and technical indicators. The steel giant has been performing well, with revenue growth prospects looking promising. A possible short-term correction might provide a buying opportunity, but we think the stock has the potential to outperform the broader market.
Key Indicators:
- Nifty 50: 10,800 levels (Bullish bias)
- Sensex: 37,200 levels (Bullish bias)
- JSW Steel: ₹976.30 ( BUY )
Trade Insights:
- Technical Analysis: Nifty 50 is trading above the 50-day moving average
- Market Moods: Global markets react to US tariffs on Canada and Mexico
- Market Outlook: Expect a gap-up opening, potentially pushing the Nifty 50 to 10,950 levels
Recent Events:
- US imposes 25% tariffs on Canada and Mexico
- JSW Steel’s Q3 results show strong revenue growth
- Global markets react to economic uncertainty
What’s Next?
The market is expected to remain volatile, reacting to global events and economic indicators. As we move forward, we’ll keep you updated on the latest developments, providing you with actionable insights and recommendations to help you navigate the markets. Stay ahead of the curve with us.
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References:
- The Hindu Business Line
- Bloomberg https://www.bloomberg.com/
- Yahoo Finance https://in.finance.yahoo.com/
Disclaimer:
This article is for educational purposes and should not be considered as investment advice. The information provided is solely for informational purposes, and it is not a recommendation to buy or sell any securities or other financial assets. The author and any affiliates bear no responsibility for any investment decisions made based on this article. It is crucial to consult a financial advisor and conduct thorough research before making any investment decisions.
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