New Delhi: The stock market was performing well for the last four trading sessions but on Thursday the stock market crashed badly. On Thursday afternoon at 2:27 minutes, Sensex and Nifty are trading with a decline of 1088 and 324 points respectively.
Overall, there is an environment of correction in the Indian stock market. Market experts have advised investors to give importance to the shares of companies with strong fundamentals and good earning results.

Shivangi Sarda, associated with Motilal Oswal Financial Services brokerage firm, has given her recommendation on 2 shares of the market.



 

City Union Bank Ltd Shares

Shivangi Sarda has chosen City Union Bank Ltd as her first stock choice, which remains on her radar. Shivangi says that the stock looks ready to come out of its previous hurdle zone of Rs 180 to Rs 182. Here we are seeing open interest increasing in the stock after the short-covering move and activity in the stock has increased. The

The relative Strength Index of City Union Bank stock is currently showing positive divergence. Bank Nifty is also seen moving ahead with stability. Small banks are looking strong in Bank Nifty at this time, so City Union Bank can be seen trading here with a target price of Rs 190 and support of Rs 170.

As the second stock choice, Bharat Electronics Ltd is on my radar. We are seeing action in the defense space and related stocks. Bharat Electronics Ltd has come out of the consolidation of the last 16 weeks and the stock has comfortably crossed its previous hurdle of Rs 305 level. A good amount of long positions have been seen in the last four trading sessions.

Bull investors are looking comfortable in Bharat Electronics Ltd stock at this time. Keeping in mind the sector trend, any investor can look at this stock for a target of Rs 320 with a stop loss of Rs 300 on Bharat Electronics shares.