Nifty breaches key hurdle, jumps 300 points riding on RIL. Here's Share.Market strategy on Reliance, 4 other stocks
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Index heavyweight Reliance Industries (RIL) led the bulls on Monday as Nifty easily breached the psychological resistance level of 24,000 and was trading around 24,340. The stock is currently trading above its 20-day and 50-day moving averages and is attempting to break through its 200-day moving average, says Om Ghawalkar , Market Analyst at Share.Market. This analyst also spells-out strategy in previous week's major movers viz. Tata Elxsi , ACC and 2 more stocks. Excerpts:The Nifty 50 index witnessed a strong rally, rising from 21,800 to 24,000, reflecting robust bullish momentum. The 24,000 level initially acted as a psychological resistance; however, it was later breached, followed by a minor pullback back to the 24,000 mark.Technical indicators, such as the MACD, continue to signal bullish momentum.On the downside, Nifty has immediate support levels at 23,800 and 23,300, which could provide a cushion in the event of further pullbacks. On the upside, a decisive move above 24,000 may pave the way for a rally towards the next resistance at 24,800.Since its peak in December 2024, the Indian IT sector has faced significant challenges. However, recent trends indicate a positive shift. According to Share.Market research, the sector is exhibiting increased momentum and relative strength, suggesting a movement towards the 'Improving' quadrant.Investors should consider companies with a diversified client base and strong capabilities in cloud computing and artificial intelligence. Such firms are better positioned to navigate the current global uncertainties.Nonetheless, it's crucial to maintain a sound risk management strategy, given the ongoing macroeconomic challenges and evolving technological landscape.According to our Share.Market research, the banking and financial services sector has shown a notable increase in momentum and relative strength over the past few weeks. This uptick reflects growing investor confidence and a positive outlook for the sector.However, it's important to note that many stocks within this sector may currently be overextended. Investors are advised to exercise caution and consider waiting for more favorable entry points. Specifically, focusing on stocks that are in an uptrend and consistently respecting their 10-day and 21-day moving averages as support levels can be a prudent strategy. Such technical indicators often signify strong underlying momentum and can help in identifying sustainable investment opportunities.Reliance Industries Limited (RIL) has become the first Indian company to surpass ₹10 lakh crore in net worth, marking a significant achievement in its corporate journey.In its Q4 FY25 results, RIL reported a consolidated net profit of ₹19,407 crore, reflecting a 2.4% year-on-year increase. Revenue from operations stood at ₹2.64 lakh crore, up 9.9% compared to the same period last year.The company's board has declared a dividend of Rs 5.50 per equity share for FY25, reinforcing its commitment to delivering value to shareholders.From a technical standpoint, RIL's stock is exhibiting bullish momentum. It is currently trading above its 20-day and 50-day moving averages and is attempting to break through its 200-day moving average. Additionally, the MACD indicator signals positive momentum, suggesting a potential upward trend in the stock's performance.FIIs have infused over Rs 30,000 crore in Indian equities, giving a boost to the stock market amid uncertainty over Trump's tariffs. While there is a 90-day pause on these reciprocal tariffs, investors should focus on sectors that have shown consistent strength. Positional bets can be taken in stocks trading above their 50-day moving average, with a diversified client base and strong financials.It is advisable to follow a strict risk management system, including profit-booking on sharp rallies and maintaining some allocation to defensive assets. One can also diversify by having some exposure in Gold ETFs.As the July tariff deadline approaches, staying nimble and rotating into sectors less exposed to global trade risks can help protect portfolios while capturing upside in India's resilient growth story.We can answer this by checking factor scores for these stocks using our Share.Market-powered research, which evaluates them across five key factors: Momentum, Value, Sentiment, Volatility, and Quality Each stock is scored out of 5 on these factors, helping investors assess price trends, fair valuation, market perception, risk levels, and financial strength. By using these insights, investors can make informed decisions and identify strong opportunities in the current market.Momentum: 2/5 – The stock is currently underperforming, indicating weak price strength.Value: 2/5 – The stock appears somewhat expensive compared to its fundamentals.Quality: 4/5 – Good quality with strong financial fundamentals and operational stability.Volatility: 5/5 – Very low price fluctuations, suggesting high stock stability.Sentiment: 5/5 – Analysts are very bullish, showing strong investor confidence.Momentum: 1/5 – The stock is showing very weak momentum, indicating significant underperformance.Value: 2/5 – Somewhat expensive valuation relative to its fundamentals.Quality: 5/5 – Excellent quality, backed by strong financials and operational performance.Volatility: 5/5 – Very low price fluctuations, suggesting high stability.Sentiment: 1/5 – Analysts are very bearish, reflecting low investor confidence.Momentum: 1/5 – Very weak momentum, indicating significant underperformance.Value: 4/5 – Somewhat undervalued, suggesting the stock offers good value relative to fundamentals.Quality: 4/5 – Good quality, reflecting solid financials and operational efficiency.Volatility: 5/5 – Very low price fluctuations, indicating high stability.Sentiment: 3/5 – Neutral analyst sentiment, with a balanced outlook.Momentum: 4/5 – The stock is showing strong momentum, indicating a solid uptrend and investor confidence.Value: 2/5 – Somewhat expensive valuation relative to its fundamentals.Quality: 2/5 – Poor quality, lacking solid financials and operational efficiency.Volatility: 5/5 – Very low price fluctuations, indicating high stability.Sentiment: 3/5 – Neutral analyst sentiment, with a balanced outlook.(Disclaimer: Investments in securities are subject to market risks. Read all the related documents carefully before investing. All investors are advised to conduct their own independent research into investment strategies before making an investment decision. Past performance does not guarantee future returns.)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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