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[hfe_template id='11223'] [ad_1] Indian market is likely to trade lower on Tuesday, tracking muted global cues. The Nifty future closed negative with losses of 0.57% at 23,643 levels on Friday. On the options front, the maximum Call OI is placed at 24,500 and then towards 24,000 strikes while the maximum Put OI is placed at 23,500 and then towards 23,000 strikes. Call writing is seen at 23,600 and then towards 23,800 strikes, while Put writing is seen at 23,500 and then towards 23,300 strikes. “Options data suggests a broader trading range in between 23,000 to 24,000 zones while an immediate range between 23,300 to 23,700 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. Live Events “Nifty has started to form higher highs – higher lows from the last three weeks but some cool off and resistance was faced near 23,900 levels,” he said.“Now if Nifty manages to hold above 23,500 zones then bounce could be seen towards 23,750 then...

[hfe_template id='11223'] [ad_1] Indian market closed lower on Thursday tracking muted global cues. The BSE Sensex fell more than 500 points while the Nifty50 managed to hold above 23,500 levels. Sectorally, buying was seen in FMCG while selling was visible in power, energy, oil & gas and realty stocks. Stocks that hit fresh highs include names like Vijaya Diagnostic Center which rose over 1%, and Navin Fluorine closed with gains of over 9% on Thursday. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Hariprasad Kizhakkethara, SEBI Registered RA (INH200009351), Director of Livelong Wealth. Navin Fluorine International: Hold Navin Fluorine International Ltd is primarily engaged in producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers contract research and manufacturing services. • The stock is currently Consolidating between 3824.55 and 3,333 level...

[hfe_template id='11223'] [ad_1] The Indian market is likely to trade higher on Friday, tracking positive global cues. The Nifty futures closed in the negative with losses of 0.09%, at the 23,748 levels on Thursday. On the options front, the maximum Call OI is placed at 24,000, followed by the 25,000 strikes, while the maximum Put OI is placed at 23,800, followed by the 23,000 strikes. Call writing is seen at 23,800 and then at the 24,000 strikes, while Put writing is seen at 23,800 and then at the 23,000 strikes. “Options data suggests a broader trading range between the 23,200 to 24,200 zones, with an immediate range between the 23,500 to 23,900 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals at Wealth Management, MOFSL. “Nifty formed a Doji-like candle on the daily chart on Thursday, showing multiple Dojis, which indicates indecisiveness. A lack of follow-up buying is preventing the index from making any significant movement,” he said.“Now, ...

[hfe_template id='11223'] [ad_1] The Indian market is likely to edge higher on Monday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.97% at 24,215 levels on Friday. On the options front, the maximum Call OI is placed at 25,000, followed by the 24,500 strikes, while the maximum Put OI is at 23,500 and then at 24,000 strikes. Call writing is observed at the 24,300 and 24,200 strikes, while Put writing is seen at the 23,800 and 23,900 strikes. “Options data suggests a broader trading range between the 23,800 and 24,500 zones, with an immediate range between the 24,000 and 24,400 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed a bearish candle on the daily chart on Friday and has been making lower highs for the last four sessions. It formed a bearish candle and experienced a breakdown on a weekly basis,” he added.“Now, as long as Nifty holds below the 24,250 zones, weakne...

[hfe_template id='11223'] [ad_1] Nifty ended Friday with weekly declines of 2.7%, falling in all five sessions during the week. When markets resume trading on Monday, a host of important domestic and global events lined up for the week are likely to impact them. On Friday, Nifty closed at 24,180.80, lower by 218.60 points or 0.9%. Commenting on the current trends, Rajesh Bhosale, Equity Technical Analyst at Angel One, stated that it was a challenging week for investors and traders, as the markets experienced a broad-based sell-off throughout, with Nifty dipping below 24,200 after two weeks of consolidation. October has been particularly tough, with the benchmark down more than 6% so far, he added. "While the daily chart may not fully capture the depth of this move, the weekly and monthly charts have shown significant distortion, suggesting potential further price corrections, followed by a possible period of time-wise correction," Bhosale said, adding that it w...

[hfe_template id='11223'] [ad_1] InvestorAi, AI-powered equity investment platform, has announced that it has raised Rs 80 crores in a Series A round from well-known investor Ashish Kacholia, Founder, of Lucky Investment Managers, and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai-based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction, according to a press release. Ashish Kacholia, Founder, Lucky Investment Managers posted on social media platform X mentioning that his new investment is in AI-based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and is available through several marquee brokers. “My new investment in AI-based stock basket manufacturer InvestorAi which has an outstanding track record of solid returns and is available through several marquee brokers such as HDFC Securities, Geojit, PL, Axis securities, and at https://...

[hfe_template id='11223'] [ad_1] "We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts coming only at end-CY24," Seshadri Sen, Head Of Research, Emkay Global, said in a note to investors. He said a sell-off is likely to be led by Industrials (high valuations) and financials (most liquid), but durables like autos are vulnerable too. "The best places to hide are staples, energy, and technology, in that order. We remain constructive on India from a longer-term (>1 year) perspective, and would use a meaningful correction to increase exposure to the market," Sen said. In the Union Budget, which will be presented in the Parliament on Tuesday, Nirmala Sitharaman is widely expected to tread the p...

[hfe_template id='11223'] [ad_1] After ending six consecutive weeks with a gain, Nifty is now caught between the expectations around Budget and the ongoing earnings season. While Sensex ended 0.65% higher during the week, the BSE Smallcap index ended 0.26% lower. "There is a mix of anxiety and excitement in the market due to the muted Q1FY25 earnings forecast and the expectation of a growth-oriented budget. On the other hand, the guidance of a strong GDP for FY25 evoked investor sentiment," said Vinod Nair, Head of Research, Geojit Financial Services. Here are key factors to track this week: 1) Budget expectations The budget is expected to maintain the fiscal deficit and borrowing targets the same as the February interim Budget. "There could be some positive announcements on allocations towards the rural economy. Also, tax benefits for the lower income brackets may be possible. Focus on capital expenditure is also expected to continue with increasing centr...

[hfe_template id='11223'] [ad_1] After ending six consecutive weeks with a gain, Nifty is now caught between the expectations around Budget and the ongoing earnings season. While Sensex ended 0.65% higher during the week, the BSE Smallcap index ended 0.26% lower. "There is a mix of anxiety and excitement in the market due to the muted Q1FY25 earnings forecast and the expectation of a growth-oriented budget. On the other hand, the guidance of a strong GDP for FY25 evoked investor sentiment," said Vinod Nair, Head of Research, Geojit Financial Services. Here are key factors to track this week: 1) Budget expectations The budget is expected to maintain the fiscal deficit and borrowing targets the same as the February interim Budget. "There could be some positive announcements on allocations towards the rural economy. Also, tax benefits for the lower income brackets may be possible. Focus on capital expenditure is also expected to continue with increasing centr...

[hfe_template id='11223'] [ad_1] As the dust settles post-election, the Indian market's focus shifts from political fervor to the fundamental drivers that will shape its future trajectory. A detailed analysis of the top 200 stocks in India reveals a critical insight: there is a stark disconnect between earnings growth and stock price movements, Bernstein said in a report. Despite a notable 77% of the NSE200 stocks experiencing positive price movements in the last three months, only 39% have seen upgrades in earnings, the report added. This disparity is a cause for concern among investors, as stock prices may be rising without the support of corresponding earnings growth. Over the past two months, the overall earnings revisions have been a meager 0.6%, with the last month witnessing a decline, further highlighting the inconsistency.As the Indian market moves forward, earnings will be the real test of its progress. Here are key findings from the Bernstein report: Secto...