NOORESH MERANI
F&O stocks to buy today: ICICI Bank, Biocon among top 6 trading ideas for 27 June 2024
Experts suggest buying opportunities in stocks like Indus Tower, ICICI Bank, Grasim Industries, and Kotak Mahindra Bank for short-term traders, as per recommendations on ETNow.
F&O stocks to buy today: RIL, Federal Bank among top 9 trading ideas for 13 June 2024
Thursday's trading session in the Indian market is anticipated to see upward movement, following robust global market indicators.
F&O stocks to buy today: Bharti Airtel, M&M among top 8 trading ideas for 10 June 2024
Experts provide stock recommendations from F&O basket and cash market for traders with short-term horizon.
Nifty fear gauge VIX shoots past 20. What’s spooking traders on Dalal Street?
Following a sudden 20% plunge below the 10-level mark on April 23, the index has experienced an uninterrupted ascent. Over the past 13 sessions, it has doubled. Sensex has shed over 2,000 points in May amid investor worries regarding the impact of low voter turnout on Lok Sabha poll results.
Bias positive for expiry tomorrow: 2 stock picks for today: Nooresh Merani
Nooresh Merani provides insights on stock picks, targeting Indian Hotels at Rs 620 and Hindalco at Rs 600-620. He says: "It is tough to take the expiry call tomorrow, but the bias is positive. Overall, the broader markets have done better over the last two-three sessions and that makes the bias all the more positive."
F&O stocks to buy today: Tata Steel, Maruti Suzuki among top 9 trading ideas for 4 March 2024
The maximum Put OI is placed at 22,000 and then towards 22,200 strikes. Minor Call writing is seen at 22,800 and then towards 22,600 strikes while some Put writing is seen at 22,200 and then towards 22,100 strikes.
Stocks to buy today: 9 short-term trading ideas by experts for 20 March 2023
“The Nifty ended the session with gains of around 115 points by forming a Doji candle with long lower shadow on daily scale and negated the formation of lower lows of last seven trading sessions,” he said.
Two Adani group stocks Nooresh Merani is betting on
If you are an investor, go ahead and deploy 40-50% of the cash and the rest post Budget. As a trader, you cannot take a lot of trading positions because you do not want to be on a gap up or a gap down without a view and an event is not something you have a view on because if you are trading technical, you are trading momentum and as of now the momentum is on the downside.
Two largecap stocks Nooresh Merani is betting on for next week
One stock in the Nifty has finally taken leadership, which is Reliance Industries. The largest weight in the Nifty has finally given a short-term breakout. The rest of the names like HDFC, HDFC Bank and ICICI, Kotak, etc, even the IT pack is still trendless and we are not seeing any momentum over there
These two banking stocks are Nooresh Merani’s top picks for coming week
'The Axis Bank stock is setting up for a breakout above that 820-mark, which is the resistance for the last one, two, three years'
Two stocks Nooresh Merani is betting on for next week
We have seen good up moves in some of the banking space wherein banks like ICICI and SBI have been outperformers. But if you go beyond that Axis Bank today at 750 levels used to be at 650 back in 2015, same where IndusInd Bank is much lower than where it was in 2015.
Stocks to buy or sell today: 10 short-term trading ideas by experts for 7 October 2022
Sectorally, selling pressure was seen in metals, banks, IT, oil & gas, and energy stocks while some buying was visible in consumer durables, auto, and telecom stocks. The Indian rupee on Friday hit a fresh record low of 82.22 against the US dollar
2 stock bets for next week by Nooresh Merani
Shoppers Stop has hit a new 52-week high. The stock is almost at a new all-time high. The stock has moved up from 400 in June all the way to 700-750. So a good part of the trade is over, but structurally the trend is positive across this space. A 5% to 10% correction from here is where I would look at investing.
Two stock ideas for next week by Nooresh Merani
So currently a palm oil move indicates there should be some momentum. I would be a little wary of this momentum trade on FMCG so we should avoid these stocks. The only FMCG stock which is coming up on our radar is Emami Ltd. which has broken out and is still holding on.
Two stock ideas for next week by Nooresh Merani
Overall it was a week where we saw a bit of consolidation and now we are forming a new range. For the last three, four sessions we have made bottoms around the 17150 to 17200 mark and recovered from those lows every time while 17500 is acting as a resistance.
Two stock ideas for next week by Nooresh Merani
"We have been oversold for some time now, and around that area, we are continuing to see selling pressure on any bouncebacks. But if you look at the markets globally, we saw a good recovery. So, we are setting off for a big bounce going forward."
Go for Lupin and Sun Pharma with a long-term view: Nooresh Merani
We would be looking out for Lupin in pharma and Tata Power in energy for next week
Wait a few more months, new market leaders will emerge: Nooresh Merani
‘We are on the lookout for finding the next leading sectors rather than looking at the index because large caps may not be interesting but new sectors will start emerging in the next few months.’
Buy ITC, target Rs 312: Nooresh Merani
Buy ITC Ltd. at a price target of Rs 312.0 and a stoploss at Rs 298 from entry point.
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