Stocks to Trade Today: Raja Venkatraman Picks Three Stocks for 27 February
Stock Market Recap: 25 February
The Indian stock market, led by financial and telecom stocks, broke its five-day losing streak, ending with a slight gain. The Nifty IT index, on the other hand, struggled to find direction, ending the day flat. The market opened cautiously, with investors assessing the renewed global uncertainties surrounding US tariffs.
Global Market Sentiment
Global market sentiment remains negatively impacted by the ongoing trade war between the US, Canada, and Mexico. The trade war has created uncertainties in global markets, causing investors to retreat. However, experts believe that this is an excellent opportunity for investors to diversify their portfolios and invest in stocks that are likely to perform well in the long run.
Outlook for Trading
As we move forward, it’s essential to be cautious, as the market trends are not favorable for the upward bias. Leveraged positions are being shed, and some shorts are being taken. The recent fall is approaching 22,400, which we have highlighted as the next set of supports. It’s advisable to trade light, as the bears are firmly in control.
Three Stocks to Trade, Recommended by Raja Venkatraman
As the market continues to fluctuate, Raja Venkatraman, co-founder of NeoTrader, suggests the following three stocks to trade:
- Fiem Industries: Buy above ₹1,420, stop ₹1,395, target ₹1,550-1,580
This counter from the auto industry has given a strong breakout above moving average bands, indicating that the revival emerging despite market weakness is supported by buying at lower levels.
Why to Buy:
This counter has shown a strong uptrend, and the RSI (Relative Strength Index) is indicating that the trend is in a revival mode, making it a good time to buy.
- Nath Bio-Genes: Buy at ₹161, stop ₹156, target ₹171
This counter, after a recent capitulation, has shown steady buying interest at lower levels, indicating that the trends are showing a revival again.
Why to Buy:
This counter has shown steady buying interest at lower levels, and the RSI is indicating that the trend is in a revival mode, making it a good time to buy.
- Star Cement: Buy above ₹215, stop ₹209, target ₹225-231
Star Cement, an Indian cement company, has seen some reasonable uptick after Ultratech took a controlling stake, and it’s showing some steady upside.
Why to Buy:
Star Cement has shown some steady upside, and the ADX DMI (Average Directional Movement Index) is indicating a pullback, making it a good time to buy.
Disclaimer:
The views and recommendations given in this article are those of individual analysts and do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Conclusion:
As the market continues to fluctuate, it’s essential to be cautious and trade light. The three stocks recommended by Raja Venkatraman, co-founder of NeoTrader, have shown promising trends and have the potential to perform well in the long run. It’s essential to do your own research and consult with a financial advisor before making any investment decisions.
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