STOCK MARKET TRADING
Market Trading Guide: Deepak Nitrite, Bata India among 5 stock recommendations for Monday
After a record-breaking rally, Indian equity indices closed the last week in the red due to profit booking at higher levels. Analysts attribute India's optimism about the upcoming Union budget and upgraded GDP forecasts as continuing drivers of momentum in the market. Additionally, large caps are gaining favor again due to the return of Foreign Institutional Investors (FIIs). Here are 5 stock recommendations for Monday
Panic selling or doing nothing: The wisest choice for investors
Panic selling is a phenomenon where investors, gripped by fear, rush to sell their holdings during a market decline. The fear of further losses and erosion of gains in profitable stocks can overwhelm even long-term investors, leading to hasty decisions that may not align with their financial goals.
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
CDSL, Chola Fin Holdings, NBI Industrial, Solara Active Pharma(PP)and Kalyani Invst, hit their fresh 52-week highs during the day.
Stock market update: Stocks that hit 52-week lows on NSE in today's trade
IndusInd Bank, Bharti Airtel, Axis Bank, ICICI Bank and Kotak Bank were among the top losers on NSE in today's trade.
GIFT Nifty up 40 points; here's the trading setup for today's session
"The index would have the next target of 24500 level, as mentioned earlier, with 23500 zone maintained as the support as of now," said Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher.
Sebi approves stricter norms for inclusion of individual stocks for derivative trading
The criteria for exit would apply to only those stocks which have completed at least six months from the month of entry into the derivative segment. while for existing stocks in the derivatives segment, the exit criteria on the basis of performance would be applicable three months after the date of issuance of circular, Sebi said.
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Sebi warns of rising risks from derivative trading frenzy
India's market regulator on Thursday warned of rising risks from a surge in derivative trading volumes, with small investors jumping in to trade risky options contracts.
Market Trading Guide: Tata Motors, ABB among 5 stock recommendations for Friday
Benchmark Sensex breached the historic 79,000 mark while Nifty scaled the 24,000 peak for the first time on Thursday as buying in blue-chip stocks like Infosys, Reliance and TCS helped markets extend gains to the fourth straight day and close at lifetime high levels. "Technically, the index has achieved a short-term consolidation breakout target of 24,000 levels, and managed to close above it. If the index holds above 24,000 levels, then rally could extend towards 24,250-24,500 in the short term," said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates
GIFT Nifty down 50 points; here's the trading setup for today's session
"Overall optimism surrounding the Union Budget, increasing FII inflows, and robust domestic economic data contributed towards the positive movement in the market. We expect the ongoing uptrend to continue further," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Market Trading Guide: RIL, Sun Pharma among 5 stock recommendations for Thursday
Stock market benchmark indices Sensex and Nifty rallied for the third straight session and ended at their fresh all-time high levels on Wednesday in tandem with Asian peers and buying in Reliance Industries. The 30-share index climbed 621 points to settle at a new closing peak of 78,674. The Nifty went up by 148 points to a record closing peak of 23,869. The present upside momentum could find resistance at the highs of around 24,000-24,100 levels (1.786% Fibonacci extension of crucial bottom/top/bottom of 2020-2022) and one may expect next round of consolidation or minor weakness to emerge from the highs. Immediate support is at 23,650 levels, said Nagaraj Shetti of HDFC Securities.
87 stocks turn multibaggers in resilient Indian market during H1. What's the second half looking like?
Indian market showcases resilience with 87 stocks turning multibaggers in H1. Top performers include Marsons and Tinna Trade. IT and capital goods sectors witness significant growth. Analysts predict positive market trajectory post-Union Budget and US Fed's decisions.
GIFT Nifty down 15 points; here's the trading setup for today's session
"We expect the market to maintain its positive momentum as we draw nearer to the event. Globally, investors would track US Consumer confidence data," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Market trading guide: JBM Auto, Apollo Tyres, City Union Bank among 7 top stock recommendations for Wednesday
Benchmark Sensex breached the historic 78,000 level for the first time while Nifty settled at a new record high on Tuesday on buying in blue-chip bank stocks and Reliance Industries. The 30-share index jumped 712.44 points to settle at a new closing peak of 78,054. The Nifty went up by 183.45 points or 0.78 per cent to settle at a fresh record high of 23,721.30. "On the daily charts we can observe that Nifty witnessed follow through buying interest. The consolidation of the last ten trading sessions is breaking out on the upside and trending moves are likely to begin. Thus, we shall continue to ride the up move till there is weakness on the price front," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas. Here are 7 stock recommendations for Wednesday:
GIFT Nifty up 30 points; here's the trading setup for today's session
"Markets this week will take cues from global macro data points and the progress of the monsoon back home. We expect Nifty to consolidate at the current juncture with a bout of volatility amid monthly derivatives expiry," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Market Trading Guide: Apollo Hospitals, Nykaa among 5 stock recommendations for Tuesday
Equity benchmarks Sensex and Nifty closed higher on Monday as buying in power, auto and industrial stocks helped the indices rebound from early lows amid a bearish trend in global equity markets. However, volatility in markets ahead of the week's monthly expiry and selling pressure on metal and oil & gas counters kept investors on the back foot, traders said. The 30-share BSE Sensex ended 131 points higher at 77,341. The Nifty rose 37 points to settle at 23,538. The short-term trend of Nifty remains positive amid range movement. Having bounced back from near the lower range of 23,300 levels, there is a possibility of Nifty testing the upper range of 23,650-23,700 in the short term. Immediate support is at 23,350, said Nagaraj Shetti of HDFC Securities.
Technical Breakout Stocks: How to trade ICICI Bank, Elgi Equipments and Maharashtra Scooters on Tuesday
The Indian market recouped losses to close in the green on Monday despite a mixed trend seen in other Asian markets.
GIFT Nifty signals negative start for D-Street. Here's the trading setup for today's session
Markets closed positively with Nifty futures lower. India VIX reflected fear, global markets had mixed movements. Dollar stability, yen's fall, and oil price decline impacted F&O stocks. FII data showed an increase in net long positions.
Market Trading Guide: Suzlon Energy, RVNL among 6 stock recommendations for Monday
Indian headline equity indices closed in the red on Friday, dragged down by index heavyweights Reliance Industries, L&T, and HDFC Bank. The S&P BSE Sensex closed 0.35% lower at 77,209, while the NSE Nifty50 index ended below the 23,550 level. "The short-term trend of Nifty continues to be range bound with weak bias. However, a move below the immediate support of 23300-23250 levels could possibly indicate the beginning of a short-term downward correction in the market," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities. Here are 6 stock recommendations for Monday:
Technical Breakout Stocks: How to trade Raymond, Zensar Technologies and Granules India?
Indian markets pared gains and closed lower on Friday as traders preferred to book profits at higher levels. The Nifty50 snapped 6-day of gains to close in the red on Friday while the S&P BSE Sensex fell more than 260 points.
Market Trading Guide: Indiabulls Real Estate, Chalet Hotels among 5 stock recommendations for Friday
Benchmark equity indices Sensex and Nifty soared to new lifetime highs on Thursday, fuelled by intense buying in market heavyweights Reliance, ICICI Bank and HDFC Bank amid a recent surge in foreign capital inflows. Besides, stable global crude prices extended support to capital markets amid investors looking for fresh triggers, traders said. The 30-share BSE Sensex climbed 141 points to settle at a new closing peak of 77,479. The NSE Nifty rose 51 points to end at its fresh closing high of 23,567. "Nifty rose mildly after a volatile session. It formed another long-legged Doji forming a sideways pattern. Nifty could now stay in the 23,413-23,664 band for the near term," said Deepak Jasani, Head of Retail Research at HDFC Securities,
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
Domestic markets hit new highs for the fifth day, with Nifty futures trading higher. Brent crude futures rose, while US West Texas Intermediate crude dropped. The rupee settled lower against the US dollar.
Market Trading Guide: Axis Bank, IDFC First among 4 stock recommendations for Thursday
Benchmark equity index Sensex on Wednesday ticked higher to scale yet another lifetime closing peak of 77,337, while the broader Nifty retreated from the record high level amid a lack of immediate triggers. Rallying for the fifth straight session, the 30-share BSE index climbed 36.45 points or 0.05% to settle at a new closing high of 77,338. The NSE Nifty ended at 23,516, down 42 points. "Though, Nifty placed at the highs, there is no confirmation of any significant reversal pattern building at the highs. Further weakness only below 23,300 levels could be considered as a short-term top reversal pattern. Further sustainable upside bounce is likely to negate this negative setup," said Nagaraj Shetti of HDFC Securities.
Market Trading Guide: Data Patterns, Power Grid among 5 stock recommendations for Wednesday
Benchmark equity indices stayed on the record-breaking run powered by a rally in index majors ICICI Bank, HDFC Bank and Infosys. In a range-bound session, Sensex and Nifty settled at their new closing all-time high levels amid intense demand for realty, consumer durable and utility stocks. Rising for the third straight session, the 30-share BSE Sensex climbed 308.37 points or 0.40% to settle at a new closing peak of 77,301.14. The NSE Nifty went up by 92.30 points or 0.39% to hit a record closing high of 23,557.90 for the fourth straight session. "The short-term trend of Nifty continues to be positive with range- bound action. Having sustained above the hurdle of 23,515 levels (1.382% Fibonacci extension), one may expect Nifty to move towards the next resistance of 1.786% Fib extension at 23950 levels in the near term. Immediate support is placed at 23450," said Nagaraj Shetti of HDFC Securities. Here are 5 stock recommendations for Wednesday:
Sebi plans tweaks to address derivative trading risks: Report
India's markets regulator, SEBI, is considering tweaks to derivative trading rules to address risks from the explosive growth in options trading. The rules aim to regulate retail trading and involve discussions with fund houses.
Market Trading Guide: HDFC Bank, Nykaa among 8 stock recommendations for Tuesday
Indian shares logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks. The NSE Nifty 50 settled 0.29% higher at 24,465, while the S&P BSE Sensex added 0.24% to 76,993. "Nifty continued to show range-bound action within 23300-23500 levels and still there are no early signs of any breakouts on either side. A decisive move above 23500 levels is likely to open an upside breakout and a slide below 23300 levels could mean a chance of downside breakout of the range movement in the near term," said Nagaraj Shetti of HDFC Securities. Here are 8 stock recommendations for Tuesday:
Stock market traders to enjoy long weekend holiday as BSE, NSE shut on Monday
Traders will enjoy an extended weekend holiday on June 17 due to Bakri Id closure. Stock exchanges, including equity, derivative, and SLB segments, will be closed, providing a much-needed break after a volatile election period.
Brightcom Group stock suspended from trading on BSE, NSE
Brightcom Group shares have been halted from trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today. This suspension will persist until the company adheres to the master circular issued by the NSE.
Market Trading Guide: Shriram Finance, Godrej Properties among 3 stock recommendations for Friday
Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said. Rising for the second day in a row, the 30-share BSE Sensex jumped 538.89 points to hit its lifetime peak of 77,145.46. It ended at a fresh record high at 76,810.90, up 204.33 points. The NSE Nifty rallied 75.95 points to settle at a new closing high of 23,398.90. "The short-term trend of Nifty continues to be a range bound with positive bias. Previously, such sideways range movements at the higher tops have eventually resulted in a downward correction in the market from the highs. The Nifty continued to face stiff resistance around 23,400-23,500 levels and immediate support is at 23,280 levels," said Nagaraj Shetti of HDFC Securities.
Free course from Sebi, NISM for stock market investors. How to enrol?
Indian capital markets regulator the Securities and Exchange Board of India (Sebi) launched a free, voluntary online investor certification examination on Tuesday, with an aim to help individuals, especially beginners, gain comprehensive knowledge about stock market investing.
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