Latest news with #HrishikeshYedve
Mint
27-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 27 May 2025
Stocks to buy under ₹ 100: Indian stock market indices—the Sensex and Nifty 50—closed with solid gains on Monday, May 26, driven by strong performances from key players such as ICICI Bank, ITC, and Reliance Industries. The Sensex finished the day up by 455 points, or 0.56%, at 82,176.45, while the Nifty 50 rose 148 points, or 0.60%, to end at 25,001.15. Meanwhile, the BSE Midcap index increased by 0.56%, and the BSE Smallcap index gained 0.48%. Investors gained approximately ₹ 3 lakh crore in one trading session as the total market capitalization of companies listed on the BSE increased from ₹ 442 lakh crore to nearly ₹ 445 lakh crore compared to the previous session. On the outlook for the Indian stock market today, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, 'Although the market pared most of its early gains, benchmark indices closed above their key psychological levels on steady all-round buying support due to optimism in European indices and mixed Asian cues. Investors will be focused on the minutes of the US FOMC meeting announcement and Fed Chairman's comment on it, and the domestic Q4 GDP numbers to be announced on Friday. The monthly F&O expiry on Thursday will also determine if investors are betting on bullish bets or it is skewed towards caution for next month.' Speaking on the outlook of the Nifty 50 today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company), said, " Nifty opened on a positive note, witnessed strong buying interest, and ultimately settled on a positive note at 25,001. The volatility index, India VIX, surged by 4.29% to 18.02, indicating a rise in market volatility. Technically, Nifty formed a bullish candle on the daily chart, indicating strength. However, the index is still placed near the psychological resistance level of 25,000. A sustainable move above 25,000 could drive the Nifty towards 25,200–25,250 levels in the short term. On the downside, 21-Day Exponential Moving Average (21-DEMA) support is placed near 24,530. As long as the index holds above this level, a buy-on-dips strategy should be adopted." Meanwhile, on the Bank Nifty outlook, Yedve added, ' The Bank Nifty index opened on a positive note, witnessed buying interest, and finally settled on a positive note at 55,572. Technically, the Bank Nifty index on the daily chart formed a green candle with both-side shadow, indicating indecision. On the upside, the index is facing resistance near 56,000–56,100 levels. A sustained move above this level could trigger a fresh breakout, which will drive the index towards 57,000–57,500 levels. On the downside, 21-DEMA support is placed near 54,720. As long as the index remains above this level, it is likely to continue its bullish momentum.' Regarding shares to buy today, market experts — Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher; Anshul Jain, Head of Research at Lakshmishree Investment and Securities; Sugandha Sachdeva, Founder of SS WealthStreet; Mahesh M Ojha, AVP — Research at Hensex Securities —recommended four intraday stocks for today: IFCI, Jamna Auto Industries, Suzlon Energy, Kamdhenu, HCC, and Jain Irrigation Systems. 1] IFCI: Buy at ₹ 57, Target ₹ 65, Stop Loss ₹ 54; and 2] Jamna Auto Industries: Buy at ₹ 92, Target ₹ 96, Stop Loss ₹ 90. 3] Suzlon Energy: Buy at ₹ 64.10, Target ₹ 70, Stop Loss ₹ 61. 4] Kamdhenu: Buy on dips at ₹ 29.90, Target ₹ 33, Stop Loss ₹ 28.60. 5] HCC: Buy at ₹ 30.60-31.25, Target ₹ 32.50-34-36+, Stop Loss ₹ 29.20. 6] Jain Irrigation Systems: Buy at ₹ 57-57.70, Target ₹ 58 50-60-62+, Stop Loss ₹ 55.20.
Mint
27-05-2025
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today — 27 May 2025
Stocks to buy under ₹ 100: Indian stock market indices—the Sensex and Nifty 50—closed with solid gains on Monday, May 26, driven by strong performances from key players such as ICICI Bank, ITC, and Reliance Industries. The Sensex finished the day up by 455 points, or 0.56%, at 82,176.45, while the Nifty 50 rose 148 points, or 0.60%, to end at 25,001.15. Meanwhile, the BSE Midcap index increased by 0.56%, and the BSE Smallcap index gained 0.48%. Investors gained approximately ₹ 3 lakh crore in one trading session as the total market capitalization of companies listed on the BSE increased from ₹ 442 lakh crore to nearly ₹ 445 lakh crore compared to the previous session. On the outlook for the Indian stock market today, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, 'Although the market pared most of its early gains, benchmark indices closed above their key psychological levels on steady all-round buying support due to optimism in European indices and mixed Asian cues. Investors will be focused on the minutes of the US FOMC meeting announcement and Fed Chairman's comment on it, and the domestic Q4 GDP numbers to be announced on Friday. The monthly F&O expiry on Thursday will also determine if investors are betting on bullish bets or it is skewed towards caution for next month.' Speaking on the outlook of the Nifty 50 today, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company), said, " Nifty opened on a positive note, witnessed strong buying interest, and ultimately settled on a positive note at 25,001. The volatility index, India VIX, surged by 4.29% to 18.02, indicating a rise in market volatility. Technically, Nifty formed a bullish candle on the daily chart, indicating strength. However, the index is still placed near the psychological resistance level of 25,000. A sustainable move above 25,000 could drive the Nifty towards 25,200–25,250 levels in the short term. On the downside, 21-Day Exponential Moving Average (21-DEMA) support is placed near 24,530. As long as the index holds above this level, a buy-on-dips strategy should be adopted." Meanwhile, on the Bank Nifty outlook, Yedve added, ' The Bank Nifty index opened on a positive note, witnessed buying interest, and finally settled on a positive note at 55,572. Technically, the Bank Nifty index on the daily chart formed a green candle with both-side shadow, indicating indecision. On the upside, the index is facing resistance near 56,000–56,100 levels. A sustained move above this level could trigger a fresh breakout, which will drive the index towards 57,000–57,500 levels. On the downside, 21-DEMA support is placed near 54,720. As long as the index remains above this level, it is likely to continue its bullish momentum.' Regarding shares to buy today, market experts — Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher; Anshul Jain, Head of Research at Lakshmishree Investment and Securities; Sugandha Sachdeva, Founder of SS WealthStreet; Mahesh M Ojha, AVP — Research at Hensex Securities —recommended four intraday stocks for today: IFCI, Jamna Auto Industries, Suzlon Energy, Kamdhenu, HCC, and Jain Irrigation Systems. 1] IFCI: Buy at ₹ 57, Target ₹ 65, Stop Loss ₹ 54; and 2] Jamna Auto Industries: Buy at ₹ 92, Target ₹ 96, Stop Loss ₹ 90. 3] Suzlon Energy: Buy at ₹ 64.10, Target ₹ 70, Stop Loss ₹ 61. 4] Kamdhenu: Buy at ₹ 29.90, Target ₹ 33, Stop Loss ₹ 28.60. 5] HCC: Buy at ₹ 30.60-31.25, Target ₹ 32.50-34-36+, Stop Loss ₹ 29.20. 6] Jain Irrigation Systems: Buy at ₹ 57-57.70, Target ₹ 58 50-60-62+, Stop Loss ₹ 55.20. 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 taking any investment decisions.
Mint
26-05-2025
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 26
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday, tracking positive global market cues. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,930 level, a premium of nearly 50 points from the Nifty futures' previous close. On Friday, the domestic equity market ended sharply higher, with the Nifty 50 closing above 24,800 level. The Sensex surged 769.09 points, or 0.95%, to close at 81,721.08, while the Nifty 50 settled 243.45 points, or 0.99%, higher at 24,853.15. Here's what to expect from Sensex, Nifty 50 and Bank Nifty today: Senex formed a promising reversal formation on daily charts and currently it is comfortably trading above 20 day SMA (Short Term Moving Average) which is largely positive. 'We are of the view that 80,900 and 80,500 would be the key support zones for the short term traders while 82,300 would be the immediate resistance zone for the bulls. A successful breakout above 82.300 could push Sensex up to 82,700 - 83,600. On the other side, below 80,500 the sentiment could change. Below the same, Sensex could slip till 80,300. Further downside may also continue which could drag the index up to 79,700,' said Amol Athawale, VP-Technical Research, Kotak Securities. Heavy call writing at the Nifty 25,000 and 25,500 strikes signals strong resistance, while strong put writing at 24,500 highlights solid support. This defines a well-balanced trading range between 24,500 – 25,100. Until a breakout occurs on either side, traders should remain cautious and focus on a stock-specific, risk-managed approach, Choice Broking said in a note. Nifty 50 ended with a gain of 0.99% at 24,853.15 on May 23 and closed 0.67% lower on the weekly basis. The index has formed a small bear candle with a long lower shadow on the weekly chart. 'Nifty 50 held the support of the 21-Day Exponential Moving Average (21-DEMA) and formed a bullish candle on the daily chart, indicating strength. However, the index is still placed below the psychological resistance level of 25,000. A firm breakout above 25,000 could drive the Nifty 50 towards 25,200 – 25,250 levels in the short term,' said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. On the downside, 21-DEMA support is placed near 24,480. As long as the index holds above this level, the probability of an upside breakout remains high, he added. Om Mehra, Technical Research Analyst, SAMCO Securities, noted that the higher high formation on the daily chart remains intact, strengthening the uptrend. 'Nifty 50 continues to oscillate around the 9 and 20 EMA, which have acted as support and resistance in recent sessions. The supports are placed at 24,600 and 24,550, while resistance is capped near 25,080. The advance decline ratio remained positive, signaling healthy market breadth. India VIX settled at 17.16, and a further drop below 17, ideally toward 16 or lower, would help ease volatility and strengthen the bullish outlook. Until then, the index may maintain a neutral to positive stance,' Mehra said. VLA Ambala, Co-Founder of Stock Market Today, advises mid-term and long-term investors to use the opportunity to buy on dips of 3% to 10%. 'From a technical point of view, Nifty 50 can gain support around 24,750 and 24,660, while resistance can be expected around 24,960 and 25,050,' said Ambala. Dr. Praveen Dwarakanath, Vice President of said that the Nifty 50 index has an immediate resistance at the 25,200 level and a support at the 24,500 level. 'Nifty 50 index has momentum on the upside, indicating it can be bought at every dip. The index has taken support from its 20-day moving average and bounced from the day's opening, indicating strength in the index. The Bollinger band shows an expansion, suggesting a possible rally in the index from the current level. The ADX average line is sloping down with the ADX DI- line and the ADX DI+ line is sloping upside, suggesting momentum upside. The stochastics is in the oversold region, indicating bullishness to continue in the index,' said Dwarakanath. Bank Nifty index gained 456.95 points, or 0.83%, to close at 55,398.25 on Friday, and formed a doji candle with a long lower shadow on the weekly chart, signaling consolidation amid buying demand at lower levels. 'In the coming week, we expect the Bank Nifty index to maintain a positive bias and head higher towards the upper band of the last 4 weeks consolidation placed around 55,800 - 56,000 levels. Overall, we expect the index to extend the last 4 weeks' consolidation in the broad range of 56,000-53,500. Only a move above 56,000 levels will signal acceleration of the up move,' said Bajaj Broking Research. In the last 22 sessions, it has retraced just 38.2% of the prior 9-session rally (49,157–56,098), indicating a shallow pullback that suggests underlying strength and potential higher bottom formation. 'Within the consolidation, we believe dips should be used as buying opportunities. Key support at 54,000 - 53,500 being the confluence of key retracement and 20 days EMA,' the brokerage firm added. Hrishikesh Yedve highlighted that the Bank Nifty index formed a green candle following a hammer candle on the daily chart, indicating strength. 'On the upside, the index is facing resistance near 55,700 levels. A sustained move above this level could lead to a test of new all-time highs. On the downside, 21-DEMA support is placed near 54,630. As long as the index remains above this level, it is likely to continue its bullish momentum,' Yedve said. 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
19-05-2025
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 19
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday, tracking weakness in global markets. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 25,060 level, a discount of nearly 18 points from the Nifty futures' previous close. On Friday, the Indian stock market indices ended marginally lower on the back of profit-booking at higher levels. The Sensex fell 200.15 points, or 0.24%, to close at 82,330.59, while the Nifty 50 settled 42.30 points, or 0.17%, lower at 25,019.80. Here's what to expect from Sensex, Nifty 50 and Bank Nifty today: Sensex surged by 2,875 points last week, forming a long bullish candle on weekly charts, and on daily charts, it is holding a higher high and higher low series formation, which is largely positive. 'We are of the view that, in the short-term, the market texture is bullish, but buying on dips and selling on rallies would be the ideal strategy for traders. On the downside, 81,300 and 80,500 or 20 day SMA (Simple Moving Average) would act as key support levels for Sensex, while 82,700 could serve as an immediate resistance zone for the bulls,' said Amol Athawale, Vice-President Technical Research. According to him, a successful breakout above these levels could push the market toward 83,800, however, if the index falls below 80,500, the uptrend could become vulnerable. Nifty 50 witnessed consolidation in a narrow band, and finally settled the day on a marginally negative note, holding above the 25,000 level. 'Nifty 50 took a breather after the recent strong rally and formed a very small red candle on the daily scale. However, on the weekly scale, Nifty 50 formed a big green candle and witnessed a fresh breakout, indicating strength. As per this breakout, the index can test 25,500 – 25,800 in the medium term,' said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. He added that immediate support for Nifty 50 is placed near the 24,800– 24,850 zone. Thus, traders are advised to follow a buy-on-dips strategy. Om Mehra, Technical Research Analyst, SAMCO Securities noted that both daily and weekly RSI remain comfortably above the 60 mark, highlighting the bullish momentum. The daily MACD has also turned constructive, with the fast line crossing above the slow line, signalling a continuation of a positive outlook. 'India VIX, the fear gauge, dropped nearly 23% over the past week and now stands at 16.55. A further decline below 15 could act as a catalyst for an extended rally as volatility cools off. On any pullback, the immediate support is placed at 24,800, resistance is placed at 25,150, followed by 25,300, which could act as breakout zones if momentum sustains,' Mehra said. Bajaj Broking Research said in a note that the Nifty 50 index formed a sizable bull candle with a higher high and higher low on the weekly chart, signaling continuation of the up move. The index in the process closed firmly above the December 2024 high of 24,857. 'Going ahead, we expect the Nifty 50 to maintain a positive bias and head towards 25,200 - 25,300 levels being the measuring implication of the recent range breakout. Some consolidation is likely around the 25,200 - 25,300 levels. While a breakout above 25,300 will open further upside towards 25,750 in the coming weeks,' Bajaj Broking Research. The recent breakout zone, along with last week's low placed near 24,400–24,500 levels is expected to serve as a crucial support for the Nifty 50. Stock specific action will continue to remain in focus as we progress through the Q4 FY25 earning session, it added. Bank Nifty ended flat at 55,354.90 on Friday, while for the week, the index posted a strong 3.28% gain and formed a bullish candle on the weekly chart. 'Bank Nifty index has been consolidating within a downward-sloping flag pattern, a typical continuation structure after a sharp rally. Friday's session saw a flat close, yet the price managed to stay near the upper boundary of the flag, hinting at a potential breakout. The RSI on the daily timeframe is holding above 60, while the MACD shows signs of flattening out after a prior decline, suggesting momentum is stabilizing,' said Om Mehra. According to him, a decisive breakout above 55,500 could resume the prior rally, with the next resistance zone placed near 56,100 - 56,500. The immediate support is placed around 54,800, followed by 54,500, which aligns with the median of the channel. Hrishikesh Yedve said that the Bank Nifty index formed a small green candle on the daily scale and a bullish candle on the weekly scale, both indicating strength. 'On the upside, the Bank Nifty index is facing strong resistance near 55,500. If the index sustains above this level, it could move towards 56,000–56,100 levels. On the downside, 54,440 will act as strong support. Traders should closely monitor these levels for potential trading opportunities,' Yedve said. Bajaj Broking Research expects the Bank Nifty index to maintain positive bias and gradually head higher towards 56,400 levels in the coming sessions, being the 123.6% external retracement of the recent breather (56,194 - 53,585). 'Key observation is that the index has taken 15 sessions to retrace just 38.2% of the prior 9-session rally (49,157 – 56,098), indicating a shallow pullback during current correction and an overall positive bias. The daily 14 period RSI is at the cusp of generating a buy signal moving above its nine periods average highlighting strength and supports positive bias. Key support for the short-term point of view is placed at 54,500 - 54,000 being the confluence of the Monday's gap area and 20-day EMA,' said the brokerage house. 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.
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Business Standard
13-05-2025
- Business
- Business Standard
Nifty can zoom 900 pts form here to hit 25,800; details here
The National Stock Exchange (NSE) Nifty 50 index logged its biggest single-day gain in absolute terms ever on May 12 on the back of India-Pakistan ceasefire and the US-China interim trade deal. The NSE Nifty 50 index soared to a high of 24,945, and ended the session with a solid gain of 917 points or 3.8 per cent at 24,925. In the process, the Nifty 50 also jumped back above its long-term 200-Day Moving Average (200-DMA), after taking a dip below the same in the preceding trading session. Catch Stock Market Updates Today LIVE Here's what technical analysts say post Nifty's biggest single-day rally: Axis Securities highlights this key historical trend Akshay Chinchalkar, Head of Research at Axis Securities highlights that over the past 20 years, whenever the Nifty closed below the 200-DMA, and was followed by a quick recovery above it - with the 14-day Relative Strength Index (RSI) above 50, the pattern has often led to strong gains in the short-term. An analysis of a similar trend in the last 20 years shows, that the Nifty has generated an average gain of 1.1 per cent, and an overall success rate of 75 per cent in the next five trading sessions, said the analyst in a note. Over a slightly longer period, i.e. 20 trading sessions, the Nifty has delivered an average gain of 5 per cent, with the index climbing higher in 84 per cent cases, the note from Axis Securities added. Asit C. Mehta Investment Interrmediates pegs upside target on Nifty in 25,500 - 25,800 range Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates believes that the Nifty could test 25,200 in the short term, and 25,500 – 25,800 in the medium term; as long as the index sustains above 24,850 levels. The analyst recommends traders to consider a buy-on-dips strategy as long as the Nifty holds above 24,850 on a closing basis. SAMCO Securities recommends buy on dips strategy The NSE Nifty broke out above a rising trendline connecting a series of higher swing tops, reaffirming the resumption of its broader uptrend, said Om Mehra, Technical Research Analyst at SAMCO Securities in a note. The Nifty has reclaimed levels above the 9-day EMA, and the daily RSI has turned upward after remaining range bound, indicating renewed bullish momentum. Based on Fibonacci clustering, resistance remains near the 25,200 mark, while support has shifted higher to around 24,600, the analyst explained. The Nifty has given a strong breakout, out of its recent consolidation, and the broader trend has turned decisively positive. A 'buy-on-dips' strategy may be preferred for the upcoming sessions, the note added.
