NIFTY trading lower in the opening trade dragged down by weakness in financial stocks on Wednesday. The market breadth was tilted in favour of bears as most sectoral gauges compiled by NSE and most of the shares in NIFTY 50 basket were trading with negative bias.
In the global front, Asian markets trading higher taking cues from the overnight U.S. market which closed higher on Tuesday. The global stock rally continued on Wednesday following conciliatory comments from U.S. President Donald Trump and Chinese President Xi Jinping aimed at releasing some pressure from the trade tensions between the world’s biggest economies.
Aggressive traders can pick the below stock to trade in intraday.
AXISBANK: This stock is underperforming price wise among banking stocks. This stock can be sold for Intraday below Rs.533.50 with the stop loss of Rs.538.50.
SBIN: This stock is underperforming price wise in the same time turnover is good. This stock can be sold for Intraday below Rs.257 with the stop loss of Rs.261.