Latest news with #5paisa
Mint
27-05-2025
- Business
- Mint
Shares to buy or sell: Sachin Gupta of 5paisa recommends HUDCO, BHEL shares today
Stock market today: Indian stock markets began the day on a downturn on Tuesday, reflecting a volatile trading environment and a prudent stance from investors in light of global uncertainties and varied domestic signals. At the start of the trading session, the Sensex fell by 430 points to reach 82,038.20. Similarly, the Nifty 50 decreased by approximately 0.5% to settle at 24,956. Market analysts indicate that, in the short term, the market is expected to stabilize at its current levels. With mutual funds holding significant cash reserves, any downturn will likely attract buyers, while elevated valuations may prompt profit-taking during price increases. A continual upward trend will only occur when key indicators point to a recovery in earnings growth, which is still a while off. Sachin Gupta of 5paisa recommends HUDCO, BHEL shares today. Here's what he says about the overall market. The benchmark indices continued to trade in the green, closing near the psychological 25,000 mark. The Nifty 50 ended the session at 25,001.15, posting a gain of 148 points. Technically, the index formed a bullish candlestick pattern with a higher high and higher low, indicating the continuation of the prevailing uptrend. After finding strong support near the 24,500 level, also coinciding with the 61.8% Fibonacci retracement during Thursday's session, the Nifty 50 witnessed a sharp rebound and extended its upward momentum for the second consecutive day. Notably, strong buying interest has emerged near the 21-day Exponential Moving Average (21-DEMA), which continues to act as a key dynamic support level. This reinforces the positive market bias. However, market volatility remains elevated. Hence, traders are advised to adopt a 'buy on dips' strategy in the index. On the upside, a decisive move above the 25,100 resistance zone could open the doors for further gains toward the 25,300–25,400 levels. On the downside, immediate support is seen around 24,800, followed by a more significant support at 24,500 marks. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Housing & Urban Development Corporation Ltd (HUDCO), and Bharat Heavy Electricals Ltd (BHEL). HUDCO share price has been forming an Inverted Head & Shoulders pattern, a reversal formation that signals a potential shift from a downtrend to an uptrend. Additionally, the price has sustained above the 200-DEMA, suggesting long-term bullish strength. Recently, a volume breakout was observed, indicating strong buying interest among traders. Therefore, traders are advised to look for buying opportunities in HUDCO share price, targeting an upside of ₹ 255/265 with a stop loss at ₹ 228 on a closing basis. On the daily chart, the BHEL share price has surpassed the resistance zone of 255 and is sustaining above the 50% Fibonacci retracement level. Additionally, a positive crossover between the 50-day and 100-day Simple Moving Averages, along with rising volume activity, signals bullish strength and supports the ongoing momentum. Furthermore, the stock has confirmed a trendline breakout following a period of consolidation, highlighting a bullish setup and renewed buying interest. Therefore, one can consider buying BHEL shares in the ₹ 258–260 range, with a strict stop-loss below ₹ 248, for an upside target of ₹ 268/275 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
13-05-2025
- Business
- Mint
Shares to buy or sell: Sachin Gupta of 5paisa recommends L&T, HCL Tech shares today
Stock market today: Indian stock markets began the day on a weak note on Tuesday, following the robust rally observed in the previous trading session. The initial decline was linked to profit-taking as the markets sought to stabilize the recent gains. However, the indices quickly diminished their losses and turned positive, signaling underlying investor confidence. The major indices opened slightly lower, with the Nifty 50 starting at 24,864.05, down by 60.65 points or 0.24%, while the Sensex fell by 180.30 points or 0.22% to commence the day at 82,249.60. Market analysts noted that Monday's significant rally was fueled by high net-worth individuals (HNIs), while the involvement of foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) remained low. A broader market recovery could occur if institutional buying increases in tandem with HNI interest. Sachin Gupta of 5paisa recommends L&T, HCL Tech shares today. Here's what he says about the overall market. The Nifty 50 witnessed strong bullish momentum today, driven by improved sentiment following geopolitical developments, notably the India-Pakistan ceasefire agreement. This led to a gap-up opening and a broad-based rally across sectors. Robust buying interest in key heavyweights such as HDFC Bank, ICICI Bank, Infosys, Reliance Industries, TCS, L&T, ITC, and M&M contributed significantly to the index's upward move. Technically, a bullish breakout accompanied by a long green candle on the daily chart signals the potential for further upside from current levels. Additionally, the index is trading well above its 50-day and 200-day Exponential Moving Averages, confirming a strong bullish trend. On the downside, crucial support is placed in the 24,700–24,500 range. Any pullback toward this zone may offer attractive buying opportunities, provided the broader bullish structure remains intact. Given the prevailing momentum, the Nifty 50 is likely to test or even surpass the 25,200–25,400 resistance zones in the near term. On shares to buy on Tuesday, Sachin Gupta recommends two stocks on Tuesday — Larsen & Toubro Ltd (L&T), and HCL Technologies Ltd. After sustaining above the 100-week EMA and the 3225 level, the stock witnessed a sharp upward move over the past three weeks, gaining more than 10%. In the most recent week, the price surpassed the previous swing high of ₹ 3,528 and traded above it, indicating strong bullish momentum. Furthermore, on the daily chart, the stock has moved above the 200-day EMA, accompanied by increased volume and a positive crossover in the RSI — both of which suggest a bullish outlook in the short term. Therefore, traders are advised to remain invested in L&T shares for the target of ₹ 3,700/3,780 levels, while maintaining a strict stop-loss at ₹ 3,430. HCL Technologies has recently witnessed a breakout from an inverse Head & Shoulders pattern on the daily chart, a classic bullish reversal formation that signals a potential trend shift to the upside. Additionally, it has broken out of a consolidation range, indicating renewed buying interest and strengthening momentum. Furthermore, the price has moved decisively above its 50-day Exponential Moving Average, reinforcing the short-term bullish trend. These combined technical signals suggest a favourable buying opportunity, with potential for further upside in the near term. Hence, one can consider buying HCL Tech shares in the ₹ 1,650–1,655 range, with a strict stop-loss below ₹ 1,580, for an upside target of ₹ 1,730/1,760. 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.
