The market snapped on a three-day streak to cover more than 1 percent in February 3. Selling cross-sectoral pressure, except automatically, and weak global cues weighed on sentiment.

Nifty closed lost more than 200 points to close below the sign of 17,600, while Sensex scored 770 points to end below 58,800.

The wider market also sees a decline but a lower correction compared to the benchmark index. The Nifty Midcap 100 index fell 0.96 percent and a small 100 index decreased 0.34 percent.

Focus shares include special chemicals of Himadri, which reached a fresh 52-week of Rs 67.65 before closing 14.83 percent higher at Rs 66.20.

Blue Star jumped 9.66 percent to Rs 1,000.05, while TVS Motor Company, which was the largest enhancer in the futures & options segment, up 4.97 percent to Rs 657.25.

This is what Chouhan Shrikant from the Securities box recommends investors to be done with this stock when the market continues today’s trade:

TVS Motor Company.

After the medium-term price correction, the stock requires near RS 600 support and is reversed quickly. Posting a sharp reversal formation, it is conveniently traded above the simple moving average of 50 and 200 days (high school), which is widely positive.

On the chart every day and weekly, shares form a promising double bottom, which supports further up trends from the current level.

We hold that during trading on RS 625, the uptrend formation will survive. Above the same, it can rally up to RS 680-710.

Stock has strengthened more than 12 percent on 3. February after a strong opening, the stock quickly exceeds 61 resistance signs and post-range breakouts, it intensify positive momentum throughout the day.

In the short term, stock has formed a strong price volume breakout pattern. The pattern texture shows the breakout action will continue in the near future if the stock managed to trade above the level 61.

For Breakout traders, 61 will be the key level to watch out for, on it, stocks can rise until Rs 70-75.

After a sharp decline, the stock needed support near 200-day high school. Posting a reversal formation, the stock registered a sharp setback. In the last two days, he strengthened more than 18 percent. However, on the daily and weekly chart, stock still holds a lower upper formation, which is widely negative for blue stars.

We believed that shares witnessed non-directional activities, maybe the traders were waiting for a side breakout confirmation.

For Bulls, now RS 1,050 will be an important breakout level to watch. And if, stocks managed to close above the same, we can expect a quick uptrend to gather towards Rs 1,100-1,150. On the other hand, trading under RS ​​950 can increase further weaknesses until Rs 925-890.