Month: October 2021

Markets remain volatile

Globally, equities tanked lower as risk sentiment soured amid growing worries over increase in government bond yield, rising inflation and soaring energy prices to multi-year highs. The 10-year benchmark Treasury yield rose to 1.57%, highest in three-months, which might prompt US Fed to tighten monetary policy earlier than expected. Global cues had already weakened after the Reserve Bank of New Zealand hiked its benchmark interest rate for the first time in seven years. The sentiments are also weak given uncertainty looming over US debt ceiling.

Here are 6 stocks to buy and sell for short term traders from reputed analysts and investment firms.

1) Dr. Ravi Singh, Head of Research & Vice President, ShareIndia

BPCL: Buy the stock at Rs 445, Target Rs 455, Stop Loss Rs 442

Bharti Airtel : Sell the stock at Rs 695, Target Rs 680, Stop Loss Rs 700.

2) Manoj Dalmia, Founder and Director, Proficient Equities Private Limited

Agarwal industries CIRP: Buy at Rs 386, Target Rs 403, Stop Loss Rs 379.

3) Ravi Singhal, Vice chairman, GCL Securities Limited

Reliance: Sell at Rs 2570, Stop loss Rs 2588, Target Rs 2,500

4) Sandeep Matta, Founder TradeIT Investment Advisor

HDFC AMC: Buy at Rs 2900, Target Rs 3000-3100, Stop Loss Rs 2800.

Ashok Leyland: Buy the stock at Rs 130, target Rs 137, Stop Loss Rs 123.

Disclaimer

The above is prepared from the recommendations of analysts. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the analysts are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.

Axie Infinity

Axie Infinity is an NFT-based online video game created by Sky Mavis in Vietnam, which leverages the Ethereum-based cryptocurrency AXS and SLP. With over $42 million in sales in June 2021, it is currently the most expensive NFTs collection.

Additionally, while playing the game, players can acquire Axie Infinity Shards (AXS) tokens. AXS is the game’s governance token, which grants players the ability to vote on important issues. It can also be used as a form of payment on the Axie marketplace. Players will be able to stake AXS and earn extra tokens in the near future.

Sorare

Sorare is a non-football fantasy game. You can go from standard fantasy football games to Sorare, where you can earn prizes by defeating other managers. You’ll have the opportunity to create and manage your own virtual team of digital playing card NFTs. The cards are legally licensed and depict a real-life football player for that season.

There are three levels of scarcity in this game: unique, ultra rare, and rare. You get complete ownership of a card when you gather it, and you can sell it to other players. In the SO5 game, you may also utilise a five-card squad to collect points based on the performance of the footballers in real life.

Gods Unchained

Gods Unchained is a free-to-play game that incorporates NFT components with a traditional card trading game. Players obtain cards by purchasing them from other players or by winning PVP matches, in which the quality of the cards and the players’ gaming ability often determine the winner. More emphasis is being placed on skills and tactics, for example.

Players must be strategic while designing a deck with a varied range of approaches in order to win games. You can gain Flux by winning games in Ranked, which you can use to make high-quality cards. The high-quality cards can then be traded for cryptocurrency on the platform’s marketplace.

F1 Delta Time

F1 Delta Time is an Ethereum-based NFT game for Formula 1 aficionados. Players accumulate unique cars, drivers, and components that are available as in-game NFTs throughout the game. Each token contains a set of stats that influence the performance of the car or driver. In addition, REVV, an ERC-20 token, serves as the game’s in-game currency. Players can also earn REVV by staking their NFTs.

Evolution Land

It’s a virtual simulation game called Evolution Land. Fire, land, gold, water, wood, and silicon are the basic elements on the world, which contains 26 continents. In activities such as construction, mining, scientific research, and PvP, players can play with or against one another. The Decentralized Autonomous Organization, which is one of the game’s fungible tokens, grants holders voting rights (DAO). In addition, players will receive 70% of the game’s earnings.

Disclaimer

Dealing with cryptocurrencies has a high amount of risk, and it is not appropriate for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. Please visit the website and read all terms and conditions before you decide.