Latest news with #NandishShah
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Business Standard
4 days ago
- Business
- Business Standard
Nifty Bank Strategy: How to use a 'Bull Spread' for June 26 expiry decoded
The short term trend of the Bank Nifty is positive as it is placed above its 5,11 and 20 day EMA Nandish Shah New Delhi Derivative Strategy Bull Spread Strategy on Bank Nifty 1) Buy BANKNIFTY (26-June Expiry) 56,000 CALL at ₹840 and simultaneously sell 57,000 CALL at ₹ 423 Lot Size 30 Cost of the strategy ₹ 417 (₹ 12,510 per strategy) Maximum profit ₹ 17,490 If Bank Nifty closes at or above 57,000 on 26 June expiry. Breakeven Point ₹ 56,417 Risk Reward Ratio 1:1.40 Approx margin required ₹ 33,500 Rationale: Long build up is seen in the Bank Nifty futures during the June series till now, where we have seen 15 per cent rise in open interest with it rising by 0.4 per cent. Short term trend of the Index is positive as it is placed above its 5,11 and 20 day EMA. Stock price has broken out from the downward sloping trendline on the weekly charts. Bank Nifty Put Call ratio has moved up to 0.83 levels from 0.81 on the back of aggressive Put writing at 55,000-55,500 levels. Bull Spread Strategy on NHPC Buy NHPC (26-June Expiry) 90 CALL at ₹ 2.05 & simultaneously sell 95 CALL at ₹ 0.75 Lot Size 6400 Cost of strategy ₹ 1.3 (₹ 8,320 per strategy) Maximum profit ₹ 23,680 if NHPC closes at or above ₹ 95 on 26 June expiry. Breakeven Point ₹ 91.3 Risk Reward Ratio 1:2.85 Approx margin required ₹ 20,000 Rationale: Long build up is seen in the NHPC Futures, where we have seen 2 per cent rise in open interest with price rising by 0.6 per cent Short term trend of the stock is strong, as the stock price is placed above its 5,11 and 20 day EMA. Stock price has been forming bullish higher top higher bottom formation on the daily chart. RSI oscillator is in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend. Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent.
Mint
5 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty held its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance to Nifty 50 index, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, 'We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these five intraday stocks for today under ₹ 100: Belrise Industries, IOB, Shriram Properties, SJVN, and Jain Irrigation Systems. 1] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 2] Belrise Industries: Buy at ₹ 97, Target ₹ 105, Stop Loss ₹ 95. 3] Shriram Properties: Buy at ₹ 93 to ₹ 94.30, Targets ₹ 96, ₹ 98, ₹ 102, ₹ 105, Stop Loss ₹ 90.80. 4] SJVN: Buy at ₹ 98.30, Target ₹ 101.50, Stop Loss ₹ 96.80. 5] Jain Irrigation Systems: Buy at ₹ 61.50, Target ₹ 68, Stop Loss ₹ 58.
Mint
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell on Thursday — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial, and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty managed to hold its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments." Dhupesh Dhameja of SAMCO Securities pointed to the India VIX Index: "India VIX eased further ahead of Friday's monetary policy outcome, slipping 4.89% to 15.74, marking nearly a 10% drop over two sessions. This decline in volatility points to reduced market anxiety, possibly an early sign of optimism creeping in." The US stock market wavered in the global markets, and the US Treasury yields dropped on Wednesday as investors monitored US trade negotiations and looked ahead to Friday's critical employment report. Buying in tech stocks pushed the Nasdaq index higher, while the S&P 500 ended the session essentially flat, and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. European stocks advanced, and Germany's benchmark index touched a record high after Berlin approved a corporate tax relief package. However, survey data showed euro zone business activity stalling, and Germany's services sector posted its sharpest contraction in more than two years. MSCI's gauge of stocks across the globe rose 2.85 points, or 0.32%, to 888.75. The pan-European STOXX 600 index rose 0.47%, while Europe's broad FTSEurofirst 300 index rose 9.84 points or 0.45%. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: Supreme Industries, Lloyds Metals And Energy, BEL, CESE, LODHA, IOB, CG Power, and NBCC. 1] Supreme Industries: Buy at ₹ 4286.50, Target ₹ 4587, Stop Loss ₹ 4136; 2] Lloyds Metals And Energy: Buy at ₹ 1500, Target ₹ 1605, Stop Loss ₹ 1447. 3] BEL: Buy at ₹ 391, Target ₹ 405, Stop Loss ₹ 377; 4] CESC: Buy at ₹ 168, Target ₹ 183, Stop Loss ₹ 160; and 5] LODHA: Buy at ₹ 1448, Target ₹ 1520, Stop Loss ₹ 1420. 6] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 7] CG Power: Buy at ₹ 689.90, Target ₹ 730, Stop Loss ₹ 674; and 8] NBCC: Buy at ₹ 124.88, Target ₹ 135, Stop Loss ₹ 122.
Mint
5 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend five shares to buy today — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty held its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance to Nifty 50 index, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, 'We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments.' Regarding stocks to buy today, market experts Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities — recommended these five intraday stocks for today under ₹ 100: Belrise Industries, IOB, Shriram Properties, SJVN, and Jain Irrigation Systems. 1] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 2] Belrise Industries: Buy at ₹ 97, Target ₹ 105, Stop Loss ₹ 95. 3] Shriram Properties: Buy at ₹ 93 to ₹ 94.30, Targets ₹ 96, ₹ 98, ₹ 102, ₹ 105, Stop Loss ₹ 90.80. 4] SJVN: Buy at ₹ 98.30, Target ₹ 101.50, Stop Loss ₹ 96.80. 5] Jain Irrigation Systems: Buy at ₹ 61.50, Target ₹ 68, Stop Loss ₹ 58. 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
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; eight stocks to buy or sell on Thursday — 5 June 2025
Stock market today: After losing for three straight sessions, the Indian stock market witnessed a trend reversal on Wednesday. The Nifty 50 index finished 77 points higher at 24,620, the BSE Sensex ended 260 points higher at 80,998, and the Bank Nifty index added 76 points and closed at 55,676. Eternal, Jio Financial, and IndusInd Bank were among the major gainers on the Nifty, while major losers were Bajaj Finserv, Trent, and Eicher Motors. The Mid-cap and the Small-cap indices once again showcased their robust outperformance relative to the benchmark. The Nifty Midcap 100 Index rose by 0.71%, while the Nifty Small-cap 100 Index advanced by 0.79%. Market breadth remained positive for the third consecutive day, with advancing stocks outpacing declining ones, as indicated by a BSE advance-decline ratio of 1.10. Speaking on the outlook for the Nifty 50 today, Nandish Shah, Deputy Vice President at HDFC Securities, said, "The Nifty 50 index closed below its 20-day EMA for the second consecutive session. However, Nifty managed to hold its level above the previous swing low of 24462 registered on 22 May 2025. On the upside, a swing high of 24,845 would offer resistance, while 24,500 is likely to act as strong support." On the outlook of the Bank Nifty today, Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, said, "Structurally, the Nifty Bank index remains mildly bullish, holding above its short-term moving average. However, price action continues to lack momentum, with buyers hesitating to chase highs ahead of the RBI monetary policy outcome later this week. This upcoming event will likely act as a directional resolution catalyst, potentially bringing sharp moves and volatility spikes. Unless the index decisively breaks below 55,300, the overall structure favours buying-on-dips, and the downside risk appears limited for now. A sustained move above the resistance of 56,150 could attract aggressive buying interest, but until that happens, the range trading strategy may remain valid." Asked about the outlook of the Indian stock market today, Siddhartha Khemka, Head of Research—Wealth Management at Motilal Oswal, said, "We expect the market to remain in consolidation mode, tracking global markets and macro-economic cues, while stock-specific action will continue on the back of sectoral developments." Dhupesh Dhameja of SAMCO Securities pointed to the India VIX Index: "India VIX eased further ahead of Friday's monetary policy outcome, slipping 4.89% to 15.74, marking nearly a 10% drop over two sessions. This decline in volatility points to reduced market anxiety, possibly an early sign of optimism creeping in." The US stock market wavered in the global markets, and the US Treasury yields dropped on Wednesday as investors monitored US trade negotiations and looked ahead to Friday's critical employment report. Buying in tech stocks pushed the Nasdaq index higher, while the S&P 500 ended the session essentially flat, and the Dow closed slightly lower. The Dow Jones Industrial Average fell 91.90 points to 42,427.74. European stocks advanced, and Germany's benchmark index touched a record high after Berlin approved a corporate tax relief package. However, survey data showed euro zone business activity stalling, and Germany's services sector posted its sharpest contraction in more than two years. MSCI's gauge of stocks across the globe rose 2.85 points, or 0.32%, to 888.75. The pan-European STOXX 600 index rose 0.47%, while Europe's broad FTSEurofirst 300 index rose 9.84 points or 0.45%. Regarding stocks to buy today, market experts Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher recommended these eight buy-or-sell stocks: Supreme Industries, Lloyds Metals And Energy, BEL, CESE, LODHA, IOB, CG Power, and NBCC. 1] Supreme Industries: Buy at ₹ 4286.50, Target ₹ 4587, Stop Loss ₹ 4136; 2] Lloyds Metals And Energy: Buy at ₹ 1500, Target ₹ 1605, Stop Loss ₹ 1447. 3] BEL: Buy at ₹ 391, Target ₹ 405, Stop Loss ₹ 377; 4] CESC: Buy at ₹ 168, Target ₹ 183, Stop Loss ₹ 160; and 5] LODHA: Buy at ₹ 1448, Target ₹ 1520, Stop Loss ₹ 1420. 6] IOB: Buy at ₹ 41.20, Target ₹ 45, Stop Loss ₹ 40; 7] CG Power: Buy at ₹ 689.90, Target ₹ 730, Stop Loss ₹ 674; and 8] NBCC: Buy at ₹ 124.88, Target ₹ 135, Stop Loss ₹ 122. 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.
