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Mint
4 days ago
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Network 18, Anant Raj, Paytm stock to buy
Stock market today: Indian stocks declined on Tuesday, impacted by losses in the financial and IT sectors, while shares of the Adani group fell after the Wall Street Journal reported that the US is investigating whether the conglomerate imported Iranian LPG to India. The Nifty 50 decreased by 0.73% to 24,537.05, and the Sensex dropped by 0.87% to 80,669.63 as of 12:55 IST. Market analysts observed that global stock markets are under a shadow of uncertainty due to ongoing tariff disputes, renewed geopolitical issues like the situation between Russia and Ukraine, and financial troubles in the United States. These elements have together kept investors anxious and put additional strain on global equities. Riyank Arora suggests three stocks in the short term - Network 18 Media & Investments Ltd, Anant Raj Ltd, and One 97 Communications Ltd (Paytm). Check out his views on the overall market. Nifty 50 is trading at 24,716, showing a modest decline but still maintaining its bullish structure. The index is holding above crucial support at 24,500–24,650, with favourable momentum indicators supporting the trend. RSI is moderately placed, suggesting ongoing buying interest, while MACD remains close to a potential crossover, which could reaffirm the uptrend. A sustained move above 24,900 could lead to a test of higher levels. Until then, traders may look to accumulate on dips near support. 🔹 Support: 24,650 – 24,500 🔹 Resistance: 24,800 – 24,900 Bank Nifty is trading at 55,903, up by 154 points, and continues to maintain a positive trajectory. The index is respecting support around 55,500–55,700 and remains above its key moving averages. RSI is firm, showing continued strength, and MACD is close to a bullish crossover. A decisive breakout above 56,000–56,100 could set the stage for a sharp rally. Traders should monitor the zone closely and consider dips as buying opportunities with favorable risk-reward. 🔹 Support: 55,700 – 55,500 🔹 Resistance: 56,000 – 56,100 Riyank Arora recommends these three stocks in the short term - Network 18 Media & Investments Ltd, Anant Raj Ltd, and One 97 Communications Ltd (Paytm). Network18 is showing strong accumulation with an uptick in volume. The price is hovering near breakout levels and supported by bullish RSI trends. A move above ₹ 56.50 may trigger upward momentum toward ₹ 60 and ₹ 62. Traders can consider fresh entries above ₹ 56.50 with a stop loss at ₹ 54. Anant Raj is trending higher within a rising channel and has formed a base near ₹ 560. With a positive RSI and rising volume, the technical setup supports a continuation of the uptrend. A breakout above ₹ 580 can lead to swift targets of ₹ 620 and ₹ 640. Consider buying at current levels with a defined stop loss. Paytm is building bullish momentum after a steady consolidation. The stock is supported by a rising RSI and positive MACD setup, suggesting upside continuation. A move above ₹ 924 could attract strong buying interest, aiming for ₹ 1,000 in the near term. Traders may consider initiating long positions with a stop loss at ₹ 900. 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
Best stock recommendations today: MarketSmith India's top picks for 13 May
Stock market update: Nifty 50 rallied nearly 4% on Monday, closing at 24,924, as a ceasefire agreement between India and Pakistan eased geopolitical tensions, lifting investor sentiment. Positive global cues from progress in US-China trade talks further bolstered the market. All major sectors advanced, led by realty, IT, metal, energy, financials, and auto stocks. The India VIX fell over 14%, signalling heightened investor confidence and reduced market uncertainty. Two stock recommendations by MarketSmith India for 13 May: Buy: Network18 Media & Investments Ltd (current price: ₹ 45.20) ● Why it's recommended: Digital expansion and audience reach, investments in sports broadcasting ● Key metrics: P/E: N/A, 52-week high: ₹ 106, volume: ₹ 24 crore ● Technical analysis: Reclaimed its 50-DMA ● Risk factors: Volatility in advertising revenue, high investment costs, and profitability pressure ● Buy at: ₹ 45.20 ● Target price: ₹ 56 in three months ● Stop loss: ₹ 40 Buy: Coal India Ltd (current price: ₹ 395.50) ● Why it's recommended: Rising coal demand, government support, and monopoly advantage ● Key metrics: P/E: 6.88, 52-week high: ₹ 543.55, volume: ₹ 265 crore ● Technical analysis: 100-DMA retake ● Risk factors: Receivables and credit exposure, challenges to cash flow and liquidity, management, subsidiary defaults: ● Buy at: ₹ 395.50 ● Target price: ₹ 455 in three months ● Stop loss: ₹ 368 Read this | Coal India needs a volume surge to fire up growth How the Nifty 50 performed on 12 May The benchmark Nifty 50 opened with a strong gap-up on Monday, 12 May, and sustained its upward momentum throughout the session, forming a robust bullish candlestick on the daily chart. The index decisively breached its immediate resistance at 24,400 and edged closer to the psychological 25,000 mark. Broad-based buying drove gains across all major sectoral and broader market indices, though the Nifty Pharma index underperformed relative to its peers. Market breadth was positive, with an advance-decline ratio of 8:1, indicating widespread participation in the rally. From a technical standpoint, Nifty 50 is trading firmly above all key moving averages, underscoring a well-established uptrend. The index is displaying strong bullish momentum on both daily and weekly timeframes, supported by solid volume activity. The relative strength index (RSI) has risen to 58, reinforcing the bullish outlook, while the moving average convergence divergence (MACD) remains in positive territory with a bullish crossover, further affirming the ongoing momentum. Read this | Asian Paints sees a greener FY26; analysts see red According to O'Neil's methodology, Nifty 50 has transitioned from a "Rally Attempt" to a "Confirmed Uptrend." With market sentiment turning increasingly positive, the index appears poised to test the next resistance zone at 25,100–25,200. Immediate support is seen at 24,400, with a potential breakout above 25,000 signalling the start of the next bullish leg. How did Bank Nifty perform? Bank Nifty opened with a strong gap-up and maintained its upward trajectory throughout the session, posting a robust gain of 3.34%. The index formed a solid bullish candlestick on the daily chart, underscoring continued strength in the banking space. It traded within a range of 54,558–55,466 before closing at 55,382. Similarly, Nifty Financial Services (FinNifty) mirrored the positive sentiment, rising 3.90% and reinforcing the sector-wide rally. From a technical perspective, Bank Nifty found support near its 21-day exponential moving average (EMA) and rebounded sharply, in line with the broader financial sector's strength. The RSI has turned upward, signalling improved momentum and a shift toward bullish territory. However, the MACD remains in a negative crossover, though still above the central line. According to O'Neil's market direction methodology, Nifty Bank has transitioned from an "Uptrend Under Pressure" to a "Confirmed Uptrend." The index is now trading above all key moving averages, reflecting sustained bullish sentiment. Also read | Muted loan growth at SBI and Kotak Bank reflects caution. Will FY26 see a credit revival? Looking ahead, the 56,000 level will be a critical resistance to watch. A decisive breakout above this zone could pave the way for further upside toward 57,500–58,000. On the downside, strong support is positioned around 54,000, expected to cushion any near-term pullback. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. It offers tools and resources to help investors make informed decisions based on the CAN SLIM methodology, founded by legendary investor William J. O'Neil. You can access a 10-day free trial by registering on its website. Trade name: William O'Neil India Pvt. Ltd. Sebi Registration No.: INH000015543 Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
25-04-2025
- Business
- Mint
Best stock recommendations today: MarketSmith India's top picks for 25 April
On Thursday, Nifty 50 ended slightly lower, snapping a seven-day winning streak, as investors booked profits after the recent rally. The index closed 0.34% lower at 24,246.70. Weak earnings from Hindustan Unilever and pressure in FMCG and realty sectors weighed on sentiment. Mixed global cues and ongoing US-China trade tensions also contributed to the cautious mood. However, sustained foreign inflows and strength in mid- and small-cap stocks indicate that overall market sentiment remains broadly positive. Buy Network18 Media & Investments Ltd (current price: ₹ 46.15) On Thursday, Nifty 50 paused after a strong seven-day rally, closing marginally lower and forming a red Doji candle, signaling indecision and mild profit booking. The index opened slightly negative and was unable to surpass the previous day's high, with pressure from Banking, Financials, FMCG, and Realty sectors dragging sentiment. On the flip side, pharma led the gains with more than 1%, followed by modest strength in metals (+0.18%). The advance-decline ratio remained neutral at 1:1, reflecting balanced but cautious market participation. From a technical standpoint, Nifty 50 continues to hold above its 200-day moving average, reflecting underlying strength despite today's mild pullback. The RSI maintains a bullish trajectory on both the daily and weekly charts, signaling continued upward momentum. Additionally, the MACD on the daily chart remains positive and above the central line. However, the weekly MACD is yet to cross above the central line. According to O'Neil's methodology of market direction, Nifty Bank transitioned from a "Rally Attempt" to a 'Confirmed Uptrend". The near-term bias remains cautiously positive despite today's mild pullback, as long as Nifty 50 holds above the crucial support level of 24,200. Today's price action reflects profit booking at higher levels, but the broader structure remains intact. A rebound from current levels could trigger fresh momentum toward 24,700–24,900. However, a decisive break below 24,200 may lead to a phase of sideways consolidation, with the next key support placed around 23,900. On Thursday, Bank Nifty extended its decline for the second straight session, closing at 55,201.40, down 0.30%. The index opened at 55,103.90, marked an intraday high of 55,550.45, and slipped to a low of 55,088.40. The session concluded with the formation of a second consecutive bearish candle on the daily chart, signaling continued selling pressure. The decline was primarily driven by weakness in heavyweights like ICICI Bank and HDFC Bank , which dragged the overall banking space lower. Nifty Financial Service index also experienced a decline, closing at 26,364.90, down 0.34%. Despite today's mild pullback, the index continues to trade above all key moving averages, indicating that the broader uptrend remains intact. However, momentum indicators, RSI and MACD, are beginning to show signs of slight exhaustion on the daily chart, hinting at a potential short-term consolidation. According to O'Neil's methodology of market direction, Nifty Bank transitioned from an "Uptrend Under Pressure" to a 'Confirmed Uptrend". The bias remains positive for Bank Nifty as long as it stays above the crucial support zone of 54,500. However, to strengthen the bullish outlook, the index should break above the 56,000 marks in the upcoming sessions. On the downside, key support is seen in the range of 54,500–54,00. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
