PRASHANT JAIN STOCK MARKET NEWS
F&O Radar | Deploy Bull Condor in Nifty for potential gains from positive market breadth
Nifty ended the week positively. Shrey Jain (SAS Online) notes support at 24230, resistance at 1.618. Improved breadth, 78% stocks above 20 MA, RSI above 70, ADX 25+, and positive DI indicate bullish momentum. OI analysis shows CE at 24200, PE at 24800. ATM IV at 9.46, muted premiums. Bull Condor Spread, an advanced strategy needing four transactions, is recommended.
Stock Radar: Indian Hotels hit fresh record high in June; experts suggest buy on dips
After rising over over 50% in the last 1 year, the hotel stock has underwent mild time-wise correction since April and is stuck in a range where 622 acted as a stiff resistance on the upside while 500 acted as a support. The recent momentum has lifted the stock to hit a fresh record high of Rs 626 on June 18, 2024, but it lost its steam on Wednesday, in line with the market trend. However, dips towards 605-610 can be used as a buying opportunity, and a close above 622 will take it towards 650 levels.
F&O Radar| Deploy Bull Condor in Nifty to gain from northward journey
Nifty hits all-time high at 23,456, indicating uptrend continuation post volatility. Vix cools off, while Advance decline percent shows strong momentum. Shrey Jain from SAS Online analyzes Open Interest for 20th June weekly Expiry and recommends a Bull Condor Strategy with detailed pay-off graphs. Expert views do not represent Economic Times.
PNC Infra shares tank 10% following CBI raid on company
PNC Infra Share Price: PNC Infratech's shares experienced a sharp decline of 10% to Rs 470 during Tuesday's trading session on the BSE. This drop occurred following news that the Central Bureau of Investigation (CBI) had conducted searches at the company's corporate office and the residences of its managing director (MD) and whole-time director.
Stock market update: Nifty Pharma index advances 0.83% in an upbeat market
The Nifty Pharma index was trading 0.83 per cent up at 19740.1.
Stock market update: Nifty Realty index advances 1.34% in an upbeat market
The Nifty Realty index was trading 1.34 per cent up at 1083.8.
- Go To Page 1
Stock market update: Nifty Auto index advances 0.3% in an upbeat market
The Nifty Auto index was trading 0.3 per cent up at 25094.5.
Stock market update: Nifty Bank index advances 0.1% in an upbeat market
The Nifty Bank index was trading 0.1 per cent up at 49855.15.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Govt will continue to focus around power & capex themes: Vikash Kumar Jain
This time when the verdict is less strong and there are relatively more doubts whether there is going to be some dilution on the policy path as compared to being unequivocally focused on capex, I think there is even more reason we could be towards the fag end of this index, if I may choose to call it that, that is the Modi index.
Confused about which stocks to buy after election results? Why not buy the entire Nifty
Analysts recommend investing in Nifty 50 ETFs in SIP mode for long-term benefits, citing a low expense ratio and outperformance of traditional mutual funds. Despite the short-term volatility, the long-term outlook for Nifty 50 ETFs remains positive.
F&O Radar | Deploy short straddle for Bank nifty expiry, bear put spread in Nifty as volatility spikes
Markets react to election numbers, leaving BJP and allies in coalition paralysis. BJP's unfamiliarity with coalitions poses challenges. VIX peaks at 26.74, indices fall sharply post-election results.
We continue to remain positive on Indian equities: Prashant Jain
I would continue to be positive on Indian equities. And see, please appreciate what happened yesterday. If something moves up 10%, 12%, and it is pricing in a lot of expectations. After all, what changed in a single day yesterday? Nothing.
Banks should still do quite well in long term: Prashant Jain
I think the markets have moved beyond that phase where they used to differentiate between PSUs and private. So, I think businesses are now getting discounted or they are trading as per the underlying fundamentals which I think is very good. So, I think while we still talk in terms of PSUs, non-PSUs, but markets are not differentiating between public and private enterprises anymore.
F&O Radar | Deploy Call Back Spread strategy in Nifty to benefit from election result up move
Nifty opened high above previous ATH at 23,337 due to exit poll impact indicating BJP-led NDA Alliance likely to win thumping majority for third term.
F&O Radar: Deploy Neutral Iron Butterfly in Nifty amid election jitters
Despite the India VIX hitting record levels of 21.81, the highest since October 2022, the Nifty remains within a few percentage points of its all-time highs. The year 2024 holds significance not only for the Indian market, with domestic general elections looming, but also globally, with the US elections on the horizon.
Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund
The minimum SIP investment is Rs 100 and in multiples of Re 1 thereafter. The minimum lumpsum investment is Rs 500 and in multiples of Re 1 thereof.
Edelweiss Mutual Fund launches Nifty Alpha Low Volatility 30 Index Fund
The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing the portfolio, considering the change in weights of stocks in the index as well as the incremental collections/redemptions from the scheme.
Groww Mutual Fund receives SEBI approval to launch India’s first Nifty Non-Cyclical Consumer Index Fund
The NFO is expected to go live in the first week of May. The fund will be India’s first non-cyclical index fund, said the press release.
Edelweiss Mutual Fund files draft document with Sebi for Nifty Alpha Low Volatility 30 Index Fund
Edelweiss Mutual Fund has filed a draft document with Sebi for the Nifty Alpha Low Volatility 30 Index Fund. Edelweiss Nifty Alpha Low Volatility 30 Index Fund will be an open-ended scheme replicating the Nifty Alpha Low Volatility 30 Index.
Wockhardt shares hit 5% upper circuit after Prashant Jain, Madhusudan Kela and others invest in QIP
3P India Equity Fund, managed by Prashant Jain, and Madhusudan Kela's Cohesion MK Best Ideas sub-trust are among those funds that have received 5% or more shares in the Qualified Institutional Placement (QIP) of shares.
I would favour large banks and NBFCs, focused on funding capex in India: Prashant Jain
Prashant Jain praises the Indian economy and the budget. He believes the budget has provided good support for PSU stocks and key sectors like capex, infrastructure, railways, defence, and Make in India. Despite weak exports and tightening money conditions, the economy remains strong. Jain suggests that large banks and NBFCs focused on project finance will have good growth opportunities. He also mentions that power demand in India will increase, although the power sector has already rerated and may pause in rerating.
Diwali Dhamaka: 5 market wizards on how to invest in Samvat 2080
India remains in a sweet spot going into the new Samvat 2080 with a strong balance sheet of corporate India and improving health of the domestic banking sector. ETMarkets brings views of five market wizards viz. Raamdeo Agrawal, Sanjiv Bhasin, Madhu Kela, Prashant Jain and Christopher Wood, who piece together the likely triggers that may impact stock markets, individual sectors and stocks through the new year.
Markets fairly valued, no multibaggers but compounding opportunities are there: Prashant Jain
“In India the largecaps – Nifty, Sensex can compound 12% longer term. I do not see a challenge in that. Markets are now close to historic multiples, slightly higher but I think there are three reasons why Indian multiples may settle higher than the past – faster growth, lower cost of capital and lower volatility.”
Manufacturing theme to last for a few decades; market excesses may take years to correct: Prashant Jain
“Excesses will not sustain in a market because markets may be imperfect over short to medium periods and medium period can be even three-four years, but in the long term, market irons out any imperfections. So, we are in that phase and today, sectors are coming closer and closer to their real valuations in largecaps.”
Load More
