Shares to buy or sell: Sachin Gupta of 5paisa recommends Balrampur Chini, Metropolis Healthcare shares today
The Nifty 50 index started at 25,427.85, down 33.45 points or 0.13%, while the Sensex experienced a slight dip, opening at 83,387.03, down by 55.47 points or 0.07%.
Experts noted that the market's reaction was mild and not panicked, unlike the period from April 2nd to April 9th. In the last 90 days, the markets have shown increased resilience, moving past the uncertainties surrounding Trump's policies to focus on his actions.
On the technical front, Sachin Gupta of 5paisa believes Nifty 50's near term support and resistance to be at 25,180/25,000 and 25,600/25,740. Gupta recommends two stocks to buy in the near-term. Here's what he says about the overall market.
The Nifty 50 index ended the session nearly flat to close at 25,461.3, as the market struggled to find direction. The overall market sentiment remained subdued, with 28 constituents declining and 22 advancing, indicating a cautious tone among investors. Most of the other indices ended in red. Midcap and Smallcap indices were marginally down. Sectorally too, apart from FMCG and Oil & Gas, others witnessed weak performance.
Technically, Nifty 50 started the week on an uncertain note as investors searched for a fresh set of triggers. 20D EMA continues to offer support and RSI is supportive of bullish momentum. Near term support and resistance are at 25,180/25,000 and 25,600/25,740.
On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Balrampur Chini Mills Ltd, and Metropolis Healthcare Ltd.
On the daily scale, the stock is displaying a strong bullish setup, having recently confirmed an Inverse Head & Shoulders pattern breakout, which is a classic reversal signal indicating potential upside.
Following the breakout, the stock is consolidating around the neckline, suggesting strength and a healthy base formation before the next leg higher.
Additionally, the stock is trading above its 21-day EMA, reflecting short-term momentum in favour of the bulls. A positive crossover in the MACD further reinforces the bullish bias, while rising volume during the breakout and consolidation phase adds credibility to the uptrend, signaling increasing investor interest and potential for continued upward movement.
Hence, traders are advised to hold their existing positions, with short-term support placed at 570 levels and immediate resistance seen near 630 levels. A decisive move above this resistance could open the door for further gains.
On the daily timeframe, the stock has given a consolidation breakout, accompanied by a positive moving average crossover between the 50-day and 100-day EMAs, signaling a strengthening trend. This breakout is supported by a surge in volume and bullish price action, confirming strong buying interest.
Additionally, a positive crossover in the RSI further reinforces the bullish momentum.
On the weekly chart, the stock has managed to move above the 50% Fibonacci retracement level, indicating a recovery of prior losses and the potential for a sustained uptrend. These combined signals suggest strong upside potential in the near term.
Traders are advised to maintain their holding positions and also consider fresh buying around 1,820, with upside targets of 1,945 and 2,040, while maintaining a strict stop loss at 1,700 on a closing basis.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a few seconds ago
- Mint
Indian stock market: Nifty tops 25,000 level. Is this rally sustainable in near term?
Stock market today: The Nifty 50 index climbed back above the 25,000 level on Monday, August 18, for the first time since July 25, as a series of positive developments over the weekend helped counter concerns about a possible 25 per cent tariff on Indian imports by the Trump administration. Meanwhile, BSE index Sensex also soared nearly 1,100 points, rallying to 81,678.77 in Monday's trading session. Market experts said that Prime Minister Narendra Modi's statement on potential cuts in goods and services tax (GST) has boosted sentiment, especially in consumption-driven sectors. Analysts believe that automobiles, financials, consumer durables, and domestic-oriented industries connected to infrastructure spending stand to gain the most. 'The Prime Minister recent announcement of potential GST reforms is a significant positive. These measures are expected to reduce the cost of essential goods, which should boost consumer spending and corporate profitability. This will likely improve market sentiment and attract fresh investment,' said Sugandha Sachdeva, Founder of SS WealthStreet. Indian equity indices wrapped up the week on a subdued note, pressured by continued selling in key sectors and dampened global cues. The Nifty 50 managed a marginal rise of 11.95 points to close at 24,631.30, while the Sensex added 57.75 points to finish at 80,597.66. According to Choice Broking, Nifty is currently hovering near its short-term support of 24,590 (20-day EMA). 'The broader setup remains cautiously bearish to sideways, with the Nifty trapped between key averages. A breakout above 24,800 could trigger momentum buying towards 25,000+, while a break below 24,300 may invite fresh selling pressure, dragging the index towards 24,000–23,800. Traders should remain tactical with a buy-on-dips and sell-on-rise approach, keeping a close eye on the EMA cluster for directional cues,' the firm said. Support Levels:- 24200-24000 Resistance Levels :- 24700-24800 Overall Bias :- Sideways To Bullish The Bank Nifty index ended the week at 55,341.85, up 0.61% compared to the previous week's close. The weekly chart reflects buying support at lower levels, with the index successfully sustaining above the key 55,000 level. 'The Bank Nifty index formed a bullish-bodied candle with a slight upper wick, accompanied by consistent trading volumes. This price action reflects the possibility of a sideways or consolidation phase in the near term. As long as the index holds above the 54,800 marks, a 'buy on dips'; strategy remains advisable, with upside targets placed at 55,800 and 56,000. The Bank Nifty index is likely to face significant resistance in the 55,500–56,000 range. If the index continues to move higher, ICICI Bank & HDFC Bank from the private banking sector is expected to support the uptrend. Similarly, in the public sector banking space, SBIN is anticipated to show strength and contribute to any potential upside,' the brokerage firm added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
a few seconds ago
- Business Standard
MCX share price rises 4% after the company launches Nickel futures
Multi Commodity Exchange of India (MCX) shares rose 3.5 per cent on Monday, August 18, 2025, logging an intra-day high at ₹8,439 per share on BSE. At 11:47 AM, MCX share price was trading 2.35 per cent higher at ₹8,339.95 per share. In comparison, the Sensex was 1.16 per cent higher at 81,533.5. Why were MCX shares rising? The buying on the counter came after the commodity exchange launched the Nickel futures contract, effective today. The contract will contribute to efficient price discovery and encourage greater value chain participation across the country, according to the exchange filing. The launch of the Nickel futures contract will provide a robust mechanism for these industries to help them manage their price risks, making them more competitive. As the contract is rupee-denominated, it will help the participants to not only hedge their commodity price risk but also their currency risk. The trading unit and the delivery unit will be 250 kgs and 1,500 kgs respectively, effective from the September 2025 expiry contract onwards. The tick size will be ₹0.10 per kg, daily price limits of 4 per cent, and margins set at a minimum of 10 per cent or SPAN, whichever is higher. "The relaunch of MCX's nickel contract comes at a timely moment, with Thane district, Maharashtra, designated as the sole delivery centre. By reducing the lot size to 250 kg from the earlier 1,500 kg, MCX is democratising access for a wider pool of participants, especially SMEs and retail investors. This move comes as global markets continue to navigate surplus supply, shifting EV demand dynamics, and geopolitical disruptions. More than just a contract, this relaunch reflects India's ambition to position itself at the core of the global energy transition," said Motilal Oswal. About MCX: MCX, operational since 2003, is India's leading commodity derivatives exchange, and the largest Commodity Options Exchange globally (FIA, 2024), with a market share of about 98 per cent in terms of the value of commodity futures contracts traded in financial year 2024-25. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. The exchange has forged strategic alliances with various international exchanges, as well as Indian and international trade associations.
Indian Express
a few seconds ago
- Indian Express
AI sovereignty will be test for India's tech ‘aatmanirbharta'
Prime Minister Narendra Modi's Independence Day address this year felt different. His 103-minute oration, the longest of his tenure, was anchored in the language of national sovereignty. At a time when the United States has imposed tariffs on Indian exports, unsettling trade talks, the PM sought to turn the national conversation from negotiation to assertion, and to the deeper emotion of sovereignty. In this vision, citizens are not just beneficiaries but also guardians of that autonomy. Here, sovereignty takes shape in the capacity to build our own fertilisers, batteries, jet engines and defence systems. It finds expression in the symbolic unveiling of the Sudarshan Chakra defence kit, in the pledge of sweeping GST reform, and in the assurance that farmers and households alike will not be left exposed as the push for self-reliance accelerates. For perspective, one must only count the number of senior officials in Delhi who still use foreign-owned 'gmail', despite possessing official '. addresses. There is a temptation to reduce all this to political choreography. Modi's earlier Red Fort addresses highlighted schemes of inclusion, like Jan Dhan, Swachh Bharat, Ujjwala. But this one is cast in the harder register of industrial resurrection and techno-sovereignty. It is meant to rally households as much as boardrooms. But history is unkind to speeches not backed by delivery. The hardest of India's ambition is to stake a meaningful claim in the global race for emerging technologies. The country missed the first wave (Web1 era), not through want of talent but through want of an ecosystem. In the past decades, its best brains, including mathematicians and engineers, left India, while domestic research budgets stayed meagre, patents were scarce, and private investments low. India became the world's back office, designing chips for others, writing code for global companies, and running IT services, but it rarely created its own products or owned valuable patents. In a fast-moving field like technology, where early movers gain lasting advantages, India fell behind on big breakthroughs in semiconductors, artificial intelligence and the hardware-software frontier. Our universities do not yet produce research at scale, and most industries spend too little on R&D. Our brightest youngsters, especially in areas like AI, quantum and Web3, have also been moving abroad for better opportunities and access to global markets, and this slow drain of talent weakens the very idea of technological sovereignty that India now seeks to champion. Catching up will take more than money. It needs a cultural reset, including in the policy world. India has never invested enough in long-term research or built lasting partnerships between universities and industry. Recent government missions remain far too small for the scale of the challenge. The IndiaAI Mission has a budget of Rs 10,371.92 crore and the National Quantum Mission Rs ₹6003.65 crore over eight years. Compared to what is needed to lead in frontier science, these amounts are tiny. Unless the state commits deeper investment and private capital amplifies it, these missions will remain a scaffolding rather than become engines of change. Frontier technologies do not emerge from frugal innovation or Jugaad. The United States created its lead by binding venture capital with defence research and universities. China, for its part, mobilised the state with massive investments across sectors and then drew in private capital to accelerate research and commercialisation. India has yet to frame AI as core infrastructure rather than a promising sector. To re-enter the race, it will need patient public capital to underwrite risk, regulation that rewards open experimentation, and a cultural shift that prizes invention over execution alone. The next few months will matter less for headline numbers like GDP or inflation, and more for how quickly promises turn into action. If we see ground being broken for chip plants and wider AI ecosystem investments, people will believe the momentum is real. If farmers, small businesses and everyday consumers begin to feel the benefit of GST reform, the idea of shared self-reliance will carry weight. Emotional sovereignty can be a deep moat, but no political or policy fortress stands without delivery. In an era where technology shapes both economic power and national security, India's independence will be measured by the labs and factories built, research funded and commercialised, and AI platforms and ecosystems that are not only homegrown but also globally relevant. The writer is a corporate advisor and author of Family and Dhanda
