Latest news with #RahulGhose
Economic Times
4 days ago
- Business
- Economic Times
Nifty awaits trigger as June series kicks off with cautious tone, 25,100 key level: Rahul Ghose
Markets ended the week on a cautious note, marking the second consecutive week of consolidation. This subdued performance came amid ongoing global trade tensions and anticipation surrounding domestic policy developments. ADVERTISEMENT The benchmark indices, the Sensex and the Nifty, witnessed notable volatility through the week, eventually closing lower as investors reacted to uncertainties over U.S. tariff developments. Analyst Rahul Ghose, Founder and CEO, Octanom Tech and interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming series. The following are the edited excerpts from his chat: The Nifty 50 index is currently in a consolidation phase, trading between 24,462 and 25,116, reflecting market indecision. The series of Dojis and spinning tops on the daily and weekly time frame further suggests that markets are likely to stay range-bound in the short to medium term. Key support resides at 24,164-23,935, while resistance is seen at 25,070 to 25,150. The June F&O series begins with elevated open interest (1.26 crore shares) but reduced FII long positions compared to previous months. Historically, June has been favourable, with three positive returns in the last four years. Nifty can head to 25,740, once we see two closings above the 25,100 mark, until then one should only look to be in hedged positions. Bank Nifty is consolidating between 53,500 and 56,000 with a series of indecisive candles. A sustained move above 56,100 (which is the high of the bearish engulfing candle) could trigger a rally toward 56,700. Bank Nifty looks likely to break out. ADVERTISEMENT FIIs reduced Nifty long positions to half of April/May levels, indicating caution. However, their net buying in April-May (Rs 25,841 crore) and focus on the RBI policy (June 6) and monsoon progress suggest potential catalysts for renewed momentum. ADVERTISEMENT The index's rangebound action (24,160–25,100) favours stock-specific opportunities, particularly in sectors like IT and pharma, showing relative strength. Index traders should wait for a confirmed breakout/breakdown. A move below 23,900 levels will open the opportunity for further downside where whereas a move above 25,100 levels would lead to an upside. The bigger time frame price action suggests that, probability of Nifty moving towards the upside is much higher than the downside. ADVERTISEMENT RIL is forming a symmetrical triangle on the daily chart and is currently testing the upper boundary near Rs 1,440. A breakout above Rs 1,440 with volume confirmation could lead to a move toward Rs 1,530-1,550 levels. The stock is holding above its 50-DMA and showing positive RSI divergence on the hourly chart — a sign of latent strength. Short-term support lies at Rs 1,396-1,390 like RIL, HDFC Bank is trading in a symmetrical triangle formation. A break above 1980 levels with good volumes could lead the stock towards newer highs. Rs 1,980 happens to be a short-term resistance for the stock with a strong engulfing bear candle. As Bank Nifty is expected to remain bullish, HDFC Bank is likely to break out sooner rather than later. ADVERTISEMENT ICICI Bank is slightly overstretched on the monthly & quarterly time frames. The RSI levels on a monthly basis are around 75, and quarterly, around 85. Since structurally it is in a strong uptrend, one should look to enter on a pullback rather than impulsively jumping around the CMP. Rs 1,300-1,320 area would be a good level to stock is in a strong uptrend on all time frames. However, considering the vertical rally in the stock recently, buying in a staggered manner would be a better approach. The bigger time frame charts of Suzlon are bullish and the stock could continue to trade with a strong momentum. The weekly and monthly RSI levels of Suzlon are above 60, suggesting a strong uptrend. Friday closed with a Gravestone DOJI candle after a strong gap up, signalling the stock could pull back in the short term. A pullback towards 58-60 would be a good opportunity for re-entry. Ola continues to make lower tops and lower bottoms on a daily and weekly time frame. The buying structure is clearly not visible on price charts. Such stocks are better entered when the stock breaks out post some sort of base formation, like it happened in Nyka or Zomato. Currently, this is not visible in Ola. Technically, Mazdock is extremely strong and all pullbacks will be potential buying opportunities. With the recent rally, the indicators have obviously entered an overbought territory, which means traders should only look to enter such stocks on a pullback. On charts,a pullback to the levels of Rs 2,800-2,900 would be a good point to enter. This level has a confluence with the 50 DMA & offers a good reward to risk ratio. Bajaj Auto is currently trading around the monthly 20 EMA & has been consolidating around that level for 2-3 months. The stock might continue to hover around this range before moving up again. Overall, technically, the stock looks positive. Among the sectors, Nifty Bank, Nifty IT and Nifty metals look positive on charts, whereas Nifty FMCG & Nifty Auto look negative. Nifty Auto and FMCG are showing signs of consolidation on monthly charts & one needs to be very selective while picking stocks in these sectors. Nifty IT & Nifty metals look to be in strong momentum, trading close to their key averages. Any pullbacks would be an opportunity to IT Picks: Largecaps (Infosys, TCS) for stability; midcaps (Coforge, Persistent) for breakout Bank & Reliance, both heavyweights, look to be on the verge of a breakout on the daily charts. Cummins looks to be a strong momentum play and has huge potential in the short to medium term. The stock has just come out of a base formation on weekly & is showing signs of moving towards Rs 3,700-4,000 levels in the short-term Nifty: Trade the range (24,400–25,100) with stops. Go long above 25,100& short below 23900 levels. Sector – Overweight on Banking & Midcap IT, Underweight on FMCG. Trade with tight stop losses. Be willing to change stance from bullish to bearish and vice-versa if the market breaks key levels on either side (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
4 days ago
- Business
- Time of India
Nifty awaits trigger as June series kicks off with cautious tone, 25,100 key level: Rahul Ghose
Markets ended the week on a cautious note, marking the second consecutive week of consolidation. This subdued performance came amid ongoing global trade tensions and anticipation surrounding domestic policy developments. The benchmark indices, the Sensex and the Nifty , witnessed notable volatility through the week, eventually closing lower as investors reacted to uncertainties over U.S. tariff developments. Analyst Rahul Ghose, Founder and CEO, Octanom Tech and interacted with ET Markets regarding the outlook on Nifty and Bank Nifty along with an index strategy for the upcoming series. The following are the edited excerpts from his chat: How is Nifty positioned technically as we step into the June series? The Nifty 50 index is currently in a consolidation phase, trading between 24,462 and 25,116, reflecting market indecision. The series of Dojis and spinning tops on the daily and weekly time frame further suggests that markets are likely to stay range-bound in the short to medium term. Key support resides at 24,164-23,935, while resistance is seen at 25,070 to 25,150. The June F&O series begins with elevated open interest (1.26 crore shares) but reduced FII long positions compared to previous months. Historically, June has been favourable, with three positive returns in the last four years. Nifty can head to 25,740, once we see two closings above the 25,100 mark, until then one should only look to be in hedged positions. Live Events Bank Nifty was eyeing its all-time high recently — how does the setup look now? Bank Nifty is consolidating between 53,500 and 56,000 with a series of indecisive candles. A sustained move above 56,100 (which is the high of the bearish engulfing candle) could trigger a rally toward 56,700. Bank Nifty looks likely to break out. What signals are you getting from recent FII activity? FIIs reduced Nifty long positions to half of April/May levels, indicating caution. However, their net buying in April-May (Rs 25,841 crore) and focus on the RBI policy (June 6) and monsoon progress suggest potential catalysts for renewed momentum. Given the current structure, is there more clarity in trading the index or individual stocks? The index's rangebound action (24,160–25,100) favours stock-specific opportunities, particularly in sectors like IT and pharma, showing relative strength. Index traders should wait for a confirmed breakout/breakdown. A move below 23,900 levels will open the opportunity for further downside where whereas a move above 25,100 levels would lead to an upside. The bigger time frame price action suggests that, probability of Nifty moving towards the upside is much higher than the downside. Let's talk about some heavyweights — what's the technical setup for RIL right now? RIL is forming a symmetrical triangle on the daily chart and is currently testing the upper boundary near Rs 1,440. A breakout above Rs 1,440 with volume confirmation could lead to a move toward Rs 1,530-1,550 levels. The stock is holding above its 50-DMA and showing positive RSI divergence on the hourly chart — a sign of latent strength. Short-term support lies at Rs 1,396-1,390 levels. How does HDFC Bank look on the charts? Just like RIL, HDFC Bank is trading in a symmetrical triangle formation. A break above 1980 levels with good volumes could lead the stock towards newer highs. Rs 1,980 happens to be a short-term resistance for the stock with a strong engulfing bear candle. As Bank Nifty is expected to remain bullish, HDFC Bank is likely to break out sooner rather than later. What's your technical view on ICICI Bank? ICICI Bank is slightly overstretched on the monthly & quarterly time frames. The RSI levels on a monthly basis are around 75, and quarterly, around 85. Since structurally it is in a strong uptrend, one should look to enter on a pullback rather than impulsively jumping around the CMP. Rs 1,300-1,320 area would be a good level to enter. How is Bharti Airtel trading technically? The stock is in a strong uptrend on all time frames. However, considering the vertical rally in the stock recently, buying in a staggered manner would be a better approach. Let's have your view on the companies that have reported their Q4 earnings recently. What are the chart signals saying for Suzlon? The bigger time frame charts of Suzlon are bullish and the stock could continue to trade with a strong momentum. The weekly and monthly RSI levels of Suzlon are above 60, suggesting a strong uptrend. Friday closed with a Gravestone DOJI candle after a strong gap up, signalling the stock could pull back in the short term. A pullback towards 58-60 would be a good opportunity for re-entry. Ola has been in focus — is there a tradable structure visible on the charts? Ola continues to make lower tops and lower bottoms on a daily and weekly time frame. The buying structure is clearly not visible on price charts. Such stocks are better entered when the stock breaks out post some sort of base formation, like it happened in Nyka or Zomato. Currently, this is not visible in Ola. What's the technical outlook for Mazdock right now? Technically, Mazdock is extremely strong and all pullbacks will be potential buying opportunities. With the recent rally, the indicators have obviously entered an overbought territory, which means traders should only look to enter such stocks on a pullback. On charts,a pullback to the levels of Rs 2,800-2,900 would be a good point to enter. This level has a confluence with the 50 DMA & offers a good reward to risk ratio. How is Bajaj Auto positioned technically after its recent moves? Bajaj Auto is currently trading around the monthly 20 EMA & has been consolidating around that level for 2-3 months. The stock might continue to hover around this range before moving up again. Overall, technically, the stock looks positive. With the earnings season largely behind us, how are the key sectoral charts shaping up? Among the sectors, Nifty Bank , Nifty IT and Nifty metals look positive on charts, whereas Nifty FMCG & Nifty Auto look negative. Nifty Auto and FMCG are showing signs of consolidation on monthly charts & one needs to be very selective while picking stocks in these sectors. Nifty IT & Nifty metals look to be in strong momentum, trading close to their key averages. Any pullbacks would be an opportunity to buy. What are your top technical picks in the IT space — both largecaps and midcaps? Top IT Picks: Largecaps (Infosys, TCS) for stability; midcaps (Coforge, Persistent) for breakout potential. Which stocks are currently showing strong technical setups or breakout potential? HDFC Bank & Reliance, both heavyweights, look to be on the verge of a breakout on the daily charts. Cummins looks to be a strong momentum play and has huge potential in the short to medium term. The stock has just come out of a base formation on weekly & is showing signs of moving towards Rs 3,700-4,000 levels in the short-term Finally, what can be a go-to strategy for the tarders to navigate the June series? Nifty : Trade the range (24,400–25,100) with stops. Go long above 25,100& short below 23900 levels. Sector – Overweight on Banking & Midcap IT, Underweight on FMCG. Trade with tight stop losses. Be willing to change stance from bullish to bearish and vice-versa if the market breaks key levels on either side ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
18-05-2025
- Business
- Economic Times
Market mood lifts, Nifty to eye 24,740 as immediate target: Rahul Ghose
The Indian stock market staged a powerful rebound this week, with the benchmark Nifty 50 soaring over 1,000 points to reclaim the critical 25,000 level. The surge helped the index erase all the losses accumulated since October 2024, signaling a strong comeback for the week began on a robust note, driven by significant weekend developments on the geopolitical front. The cessation of hostilities between India and Pakistan, following the successful execution of Operation Sindoor by the Indian armed forces, injected a wave of optimism into investor sentiment, propelling markets this, analyst Rahul Ghose, Founder & CEO, Octanom Tech & interacted with ET Markets regarding the outlook on Nifty and Bank Nifty. Following are the edited excerpts from his chat:The market sentiment has turned decisively positive this week, with the formal resolution of the US-China trade deal acting as a strong tailwind. This deal not only reduces geopolitical overhang but also improves the global trade outlook, which is critical for export-driven sectors. Domestically, strong macro stability—with April CPI easing to 4.4% and core inflation firmly anchored—has given the RBI enough headroom to maintain a pro-growth stance. FIIs, which were net sellers in Q1 2025, have started returning with over Rs 8,000 crore pumped in this week alone, showing renewed one must also note that this rally is sentiment-driven to a large extent and is running ahead of fundamentals in certain pockets. That calls for selectivity and a valuation-conscious approach, especially as earnings season has been mixed. Yes, we can expect further highs in the short-medium term. The market's momentum is strong & most of the critical resistance zones like 24,300/24,800 have been convincingly broken. The Nifty RSI levels on daily, weekly, as well as monthly time frames are hovering around 64-65 levels, which shows bullishness & also markets are far from being overbought. The rally still has legs & we would only expect this rally to pause only around the 25,600-25,740 band, followed by 26,150-26,200. This is prior to where markets started their descent. Bank Nifty also looks bullish. Currently, the index is consolidating in a small symmetrical triangle on the daily chart, showing sideways movement, however, one can expect a breakout & look to create fresh long positions on closing above 56,100 for higher targets. On the downside, 54,000 is likely to act as a strong support. This is a time when selective stock trading can outperform index trading. While the indices are moving up, the reward-to-risk ratio in them is not very high. The rally since May 9th has been more or less a vertical rally, which could lead to wide stop losses. Individual stocks, on the other hand, can offer a better reward to risk ratio as many of them are available around their weekly & monthly support levels, promising better stocks have seen a sharp surge in the last few weeks, triggered not just by strong fundamentals but also due to heightened geopolitical tensions. The recent India-Pakistan border skirmish, though controlled quickly diplomatically, has brought the spotlight back on national security. This led to a strong rally in key defence counters—HAL jumped over 12%, BEL by 9%, and Cochin Shipyard surged nearly 15% in just 4 sessions post the incident, driven by expectations of faster procurement and a boost in indigenous the short-term trigger, the structural story remains compelling. The government continues to push for Atmanirbharta in defence, with over Rs 1.6 lakh crore worth of projects already moved to the domestic procurement list. Moreover, the recent DAC (Defence Acquisition Council) clearance of deals worth Rs 45,000 crore is a further signal of many of these stocks are overbought in the short term, but there's no sign of a reversal yet. Investors should look for minor dips or consolidations to accumulate fundamentally strong names. HAL, BEL, and Mazagon Dock continue to show robust order books and execution capability. Verdict: While some of the recent rally is event-driven, the structural story has legs. There is still steam left for medium- to long-term investors, especially if the government fast-tracks defence manufacturing and exports in FY26. The metal sector has seen renewed interest post the US-China trade truce and China's announcement of a fresh infrastructure stimulus worth $100 billion. Prices of base metals like copper and aluminium are firming up steel majors like Tata Steel and JSW Steel are well-positioned given their deleverage balance sheets. Hindalco, too, benefits from higher aluminium prices and Novelis' positive guidance. However, with valuations stretched, a staggered approach is advised. Watch for price confirmation in global LME charts and Chinese data for further Motors reported a 3.7% year-on-year (YoY) decline in consolidated net profit at Rs 1,614 crore in Q4FY25 as against Rs 1,677 crore reported in the year-ago period. The company's revenue from operations in the March-ended quarter stood at Rs 17,940 crore, which was up 1.5% versus Rs 17,671 crore in the corresponding quarter of the last financial Hyundai Motors is looking strong. Although the current price is trading closer to resistance levels of Rs 1,930, the underlying strong momentum suggests the level is likely to be taken out. Traders can look to enter on a break above Rs 1,930 levels. BHEL reported a consolidated net profit of Rs 504.45 crore in Q4 FY25, marking a 3% year-on-year increase. The company's revenue rose by 9% to Rs 8,993 crore, driven by a significant surge in its industry segment revenue, which increased to Rs 2,800.96 crore. The board has recommended a final dividend of Rs 0.50 per share for FY25. From a technical standpoint, BHEL's stock has been consolidating after a recent rally. Key support is observed at Rs 220, with resistance at Rs 275-280 levels. A breakout above Rs 280 with strong volume could signal further upside potential. Investors should monitor order inflows and execution timelines, as these will be critical for sustained growth. Delhivery achieved a significant turnaround in Q4 FY25, posting a consolidated net profit of Rs 72.6 crore, compared to a loss of Rs 68.5 crore in the same quarter last year. Revenue from operations increased by 5.6% year-on-year to Rs 2,192 crore. The company also reported its first full-year net profit of Rs 162 crore for FY25, driven by growth in its part-truckload (PTL) business and operational efficiencies. Technically, Delhivery's stock has shown strength, trading above its key moving averages. Support is seen at Rs 300, with resistance at Rs 350. A sustained move above Rs 350 could lead to further gains. The stock can move to Rs 390-400 levels quickly. Investors should watch for developments related to the company's proposed acquisition of Ecom Express, as successful integration could enhance Delhivery's market positionHero's earnings surprised positively on margins and rural sales pickup. Two-wheeler demand is improving with softening fuel prices and government rural spending. Technically, Rs 4,530 is a breakout level. As long as it holds above Rs 4,530, the uptrend remains intact. Traders can consider riding the trend with potential targets of Rs 5,400-5,600. The discrepancy, though under investigation, raises governance concerns. The bank has clarified that customer funds were unaffected, but such events can dent investor confidence in the short term. The stock may remain under pressure, and until there's clarity from the forensic audit, it's better to avoid fresh longs. Rs 630-600 is the immediate support; a breach could see it going further sector, Metal sector & Financial services are looking positive on price charts & can look to outperform. In BankNifty, ICICI & HDFC Bank, in financial services HDFC Life & Chola financials, & in metals heavyweights like Jindal Steel, JSW Steel & Tata Steel can be looked at on pullback (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
18-05-2025
- Business
- Time of India
Market mood lifts, Nifty to eye 24,740 as immediate target: Rahul Ghose
So, how is the market mood like? The US-China trade deal has been well celebrated this week. What are you reading in the market right now? Nifty has shown a significant surge now. Are we aiming for further highs? Or can we expect some consolidation? And any key levels you'd like to mention? Live Events How does the Bank Nifty currently look? Any levels to watch out for there? In the current situation, what is your call with respect to trading? Is trading the index better or stocks? What is your take on defence stocks? Is there more heat left? Let's have a discussion on the metal sector. Please throw some light for us on the sector. Let's discuss the technical outlook on the stocks that posted their earnings on Friday: Hyundai, BHEL, and Delhivery. Hero Motocorp reported its earnings earlier this week and the stock has shown a nice rally. Any positions recommended? Can you throw some light on IndusInd Bank stock from a technical point of view after the Rs 595 crore discrepancy that has been identified? Any sectors to watch out for? Any stocks in those sectors? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Indian stock market staged a powerful rebound this week, with the benchmark Nifty 50 soaring over 1,000 points to reclaim the critical 25,000 level. The surge helped the index erase all the losses accumulated since October 2024, signaling a strong comeback for the week began on a robust note, driven by significant weekend developments on the geopolitical front. The cessation of hostilities between India and Pakistan, following the successful execution of Operation Sindoor by the Indian armed forces, injected a wave of optimism into investor sentiment, propelling markets this, analyst Rahul Ghose, Founder & CEO, Octanom Tech & interacted with ET Markets regarding the outlook on Nifty and Bank Nifty. Following are the edited excerpts from his chat:The market sentiment has turned decisively positive this week, with the formal resolution of the US-China trade deal acting as a strong tailwind. This deal not only reduces geopolitical overhang but also improves the global trade outlook, which is critical for export-driven sectors. Domestically, strong macro stability—with April CPI easing to 4.4% and core inflation firmly anchored—has given the RBI enough headroom to maintain a pro-growth stance. FIIs, which were net sellers in Q1 2025, have started returning with over Rs 8,000 crore pumped in this week alone, showing renewed one must also note that this rally is sentiment-driven to a large extent and is running ahead of fundamentals in certain pockets. That calls for selectivity and a valuation-conscious approach, especially as earnings season has been we can expect further highs in the short-medium term. The market's momentum is strong & most of the critical resistance zones like 24,300/24,800 have been convincingly broken. The Nifty RSI levels on daily, weekly, as well as monthly time frames are hovering around 64-65 levels, which shows bullishness & also markets are far from being overbought. The rally still has legs & we would only expect this rally to pause only around the 25,600-25,740 band, followed by 26,150-26,200. This is prior to where markets started their Nifty also looks bullish. Currently, the index is consolidating in a small symmetrical triangle on the daily chart, showing sideways movement, however, one can expect a breakout & look to create fresh long positions on closing above 56,100 for higher targets. On the downside, 54,000 is likely to act as a strong is a time when selective stock trading can outperform index trading. While the indices are moving up, the reward-to-risk ratio in them is not very high. The rally since May 9th has been more or less a vertical rally, which could lead to wide stop losses. Individual stocks, on the other hand, can offer a better reward to risk ratio as many of them are available around their weekly & monthly support levels, promising better stocks have seen a sharp surge in the last few weeks, triggered not just by strong fundamentals but also due to heightened geopolitical tensions. The recent India-Pakistan border skirmish, though controlled quickly diplomatically, has brought the spotlight back on national security. This led to a strong rally in key defence counters—HAL jumped over 12%, BEL by 9%, and Cochin Shipyard surged nearly 15% in just 4 sessions post the incident, driven by expectations of faster procurement and a boost in indigenous the short-term trigger, the structural story remains compelling. The government continues to push for Atmanirbharta in defence, with over Rs 1.6 lakh crore worth of projects already moved to the domestic procurement list. Moreover, the recent DAC (Defence Acquisition Council) clearance of deals worth Rs 45,000 crore is a further signal of many of these stocks are overbought in the short term, but there's no sign of a reversal yet. Investors should look for minor dips or consolidations to accumulate fundamentally strong names. HAL, BEL, and Mazagon Dock continue to show robust order books and execution some of the recent rally is event-driven, the structural story has legs. There is still steam left for medium- to long-term investors, especially if the government fast-tracks defence manufacturing and exports in metal sector has seen renewed interest post the US-China trade truce and China's announcement of a fresh infrastructure stimulus worth $100 billion. Prices of base metals like copper and aluminium are firming up steel majors like Tata Steel and JSW Steel are well-positioned given their deleverage balance sheets. Hindalco, too, benefits from higher aluminium prices and Novelis' positive guidance. However, with valuations stretched, a staggered approach is advised. Watch for price confirmation in global LME charts and Chinese data for further a 3.7% year-on-year (YoY) decline in consolidated net profit at Rs 1,614 crore in Q4FY25 as against Rs 1,677 crore reported in the year-ago period. The company's revenue from operations in the March-ended quarter stood at Rs 17,940 crore, which was up 1.5% versus Rs 17,671 crore in the corresponding quarter of the last financial Hyundai Motors is looking strong. Although the current price is trading closer to resistance levels of Rs 1,930, the underlying strong momentum suggests the level is likely to be taken out. Traders can look to enter on a break above Rs 1,930 a consolidated net profit of Rs 504.45 crore in Q4 FY25, marking a 3% year-on-year increase. The company's revenue rose by 9% to Rs 8,993 crore, driven by a significant surge in its industry segment revenue, which increased to Rs 2,800.96 crore. The board has recommended a final dividend of Rs 0.50 per share for a technical standpoint, BHEL's stock has been consolidating after a recent rally. Key support is observed at Rs 220, with resistance at Rs 275-280 levels. A breakout above Rs 280 with strong volume could signal further upside potential. Investors should monitor order inflows and execution timelines, as these will be critical for sustained a significant turnaround in Q4 FY25, posting a consolidated net profit of Rs 72.6 crore, compared to a loss of Rs 68.5 crore in the same quarter last year. Revenue from operations increased by 5.6% year-on-year to Rs 2,192 crore. The company also reported its first full-year net profit of Rs 162 crore for FY25, driven by growth in its part-truckload (PTL) business and operational Delhivery's stock has shown strength, trading above its key moving averages. Support is seen at Rs 300, with resistance at Rs 350. A sustained move above Rs 350 could lead to further gains. The stock can move to Rs 390-400 levels quickly. Investors should watch for developments related to the company's proposed acquisition of Ecom Express, as successful integration could enhance Delhivery's market positionHero's earnings surprised positively on margins and rural sales pickup. Two-wheeler demand is improving with softening fuel prices and government rural spending. Technically, Rs 4,530 is a breakout level. As long as it holds above Rs 4,530, the uptrend remains intact. Traders can consider riding the trend with potential targets of Rs 5,400-5, discrepancy, though under investigation, raises governance concerns. The bank has clarified that customer funds were unaffected, but such events can dent investor confidence in the short term. The stock may remain under pressure, and until there's clarity from the forensic audit, it's better to avoid fresh longs. Rs 630-600 is the immediate support; a breach could see it going further sector, Metal sector & Financial services are looking positive on price charts & can look to BankNifty, ICICI & HDFC Bank, in financial services HDFC Life & Chola financials, & in metals heavyweights like Jindal Steel, JSW Steel & Tata Steel can be looked at on pullback(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
