Latest news with #RiyankArora
Mint
a day ago
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Paradeep Phosphate, UPL, M&M stock to buy in near term
Indian stock markets made further gains during the opening session on Tuesday, following a robust close on Monday and supported by record levels in U.S. indices. Despite the ongoing selling from foreign portfolio investors (FPI), investors remained hopeful as banking stocks continued to bolster the market. The Nifty 50 index commenced at 25,166.65, increasing by 75.95 points or 0.30%, while the BSE Sensex started the day at 82,527.43, up by 327.09 points or 0.40%. By 11:12 IST, the Nifty 50 was down by 0.10% to 25,066 . 80 points, and the BSE Sensex was flat at 82,188.22. Analysts observed that investor sentiment has become more favorable amid strong signals from the US, where both the S&P 500 and Nasdaq reached new highs. On the technical front, Riyank Arora from Mehta Equities believes, as long as Nifty 50 holds 25,000 levels, traders should adopt a buy-on-dips approach to ride the ongoing upward momentum. Arora recommends three stocks to buy in the short-term. Here's what he says about the overall market. Nifty 50 continues to maintain its positive tone, holding firm above the crucial 25,000 support mark. The index is likely to head higher towards 25,200–25,250 levels, backed by strong market breadth and large-cap participation. Momentum indicators remain supportive of the trend. As long as 25,000 holds, traders should adopt a buy-on-dips approach to ride the ongoing upward momentum. Bank Nifty has shown strong resilience and is trending comfortably above its key support of 56,400. The index now eyes 57,500 and 58,000 as the next upside targets. Positive sentiment in private and PSU banking names is supporting the rally. Short-term momentum remains intact, and traders may consider staying long with a stop loss just below 56,400. Riyank Arora recommends these three stocks in the short term - Paradeep Phosphate, UPL, and M&M. Paradeep Phosphate shares has formed a solid base near ₹ 180 and witnessed renewed buying momentum from support levels. A breakout above ₹ 190 signals strength, with volumes picking up and momentum indicators turning bullish. As long as the ₹ 180 level is protected, the stock can rally toward ₹ 210 and ₹ 220 levels. Ideal for short-term positional traders looking to ride a trending move with defined risk. UPL share price is showing strength after consolidating near the ₹ 700 zone and has now resumed its uptrend. The price structure indicates accumulation with a higher-low formation, and a move above ₹ 718 confirms a breakout attempt. RSI and MACD support bullish continuation. A close above ₹ 725 can accelerate gains, with upside potential toward ₹ 750. Risk-reward remains favorable with a strict stop loss at ₹ 700. M&M shares remains in a strong uptrend with consistent higher highs and healthy volume support. The stock has shown excellent relative strength in the auto space and is holding above key moving averages. A breakout above ₹ 3,250 opens up potential for ₹ 3,350 and ₹ 3,400 in the near term. Traders should maintain a stop loss at ₹ 3,190 to manage risk while riding this bullish momentum. 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.
Mint
15-07-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests RIL, Tech Mahindra, Infosys stock to buy in near term
Stock market today: Indian equity markets began the day on a positive note on Tuesday, marking a slight rebound after experiencing four consecutive days of declines, which is the longest losing streak since March. The Nifty 50 index started at 25,129.70, recording an increase of 36.30 points or 0.14%, while the BSE Sensex index climbed to 82,338.94, with a rise of 85.48 points or 0.10%. The recovery in Indian markets was also supported by the global environment. US markets concluded the day slightly in the green. This came after stronger-than-anticipated economic data from China, where GDP expanded by 5.2 percent in the second quarter, demonstrating continued economic strength. Riyank Arora from Mehta Equities is of the opinion that the general trend for Nifty 50 continues to be favourable, and traders ought to consider purchasing during dips while monitoring momentum around the 25,000 level for any signals regarding direction. Riyank Arora suggests three stocks to buy in the near-term. Here's what he says about the overall market. Nifty 50 is currently hovering near 25,100, showing signs of steady consolidation after a strong upward move. The immediate support lies at 25,100, followed by 25,000 as a key short-term floor. On the upside, resistance is seen at 25,200, and a breakout above this could resume the bullish trajectory. The overall trend remains positive, and traders should look to buy on dips, keeping an eye on momentum near the 25,000 mark for any directional cues. Bank Nifty is trading around 56,850, staying comfortably within the bullish range. Support is placed at 56,500, which is critical to maintain the positive structure. On the upside, 57,250 stands as the next resistance zone. A breakout above this level can trigger fresh momentum toward higher targets. The trend remains bullish, supported by strong participation from frontline banking stocks and improving market breadth. Riyank Arora recommends these three stocks in the short term - Reliance Industries, Tech Mahindra, and Infosys. Buy | CMP: ₹ 1,490 | Stop Loss: ₹ 1,450 | Target: ₹ 1,550 Reliance is showing early signs of a breakout after reclaiming the ₹ 1,480–1,490 zone with strong volumes. The stock is trading above key moving averages, and momentum indicators like RSI are turning positive. A close above ₹ 1,500 could add to the upward thrust. Traders can look for a target of ₹ 1,550 while keeping a stop loss at ₹ 1,450. Buy | CMP: ₹ 1,574 | Stop Loss: ₹ 1,530 | Target: ₹ 1,650 Tech Mahindra is forming a base around the ₹ 1,540–1,560 zone and has now moved past short-term resistance. RSI is picking up, and MACD has indicated a positive crossover. With renewed interest in IT stocks, Tech Mahindra could see a move toward ₹ 1,650. A stop loss at ₹ 1,530 is suggested for risk control. Buy | CMP: ₹ 1,575 | Stop Loss: ₹ 1,540 | Target: ₹ 1,650 Infosys is consolidating above its 20-day moving average and looks poised for a breakout above the ₹ 1,580 mark. Technical indicators are showing strength, with RSI trending upwards and MACD supporting the bullish bias. A sustained move above ₹ 1,580–1,600 could trigger a rally toward ₹ 1,650. Keep a stop loss at ₹ 1,540 to manage downside risk. 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.
Mint
08-07-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests KRN Heat, Senco, Balaji Amines stock to buy in near term
Stock market today: India's main stock indices were muted on Tuesday following US President Donald Trump's decision to postpone the enforcement of tariffs until August 1, alongside the announcement of significant import duties on several trading partners, while indicating that a deal with India is nearing completion. The Nifty 50 was to reach 25,475 . 95 level, and the BSE Sensex rose by 0.12% to 83,526.55, as recorded at 12:55 IST. During early trading, both indexes fluctuated between a gain of 0.2% and a loss of 0.2%. Riyank Arora of Mehta Equities said that Nifty 50 is poised for a breakout above 25,600 resistance could trigger further upside towards 25,750–26,000 in the near term. Riyank Arora suggest three stocks to buy in the short term. Here's what he says about the overall market. Nifty 50 continues to trade with a positive bias, holding firm above its immediate support at 25,300. A breakout above 25,600 resistance could trigger further upside towards 25,750–26,000 in the near term. Overall trend remains constructive, supported by momentum indicators, but traders should monitor price action closely around resistance levels for confirmation. Bank Nifty is maintaining strength, with immediate resistance at 57,200. A sustained move above this level can lead to a rally toward 57,500–58,000. On the downside, support lies at 56,600, which is crucial to hold for the bullish setup to stay intact. Broader participation from major banking names is lending strength to the index. Riyank Arora recommends these three stocks in the short term - KRN Heat Exchanger And Refrigeration Ltd, Senco Gold Ltd, and Balaji Amines Ltd. Buy | CMP: ₹ 933 | Stop Loss: ₹ 905 | Target: ₹ 1,020 KRN Heat has delivered a strong breakout above ₹ 920, supported by a noticeable uptick in volumes, signaling increased buying interest. The stock is trading above key moving averages, indicating a firm short-term trend. RSI is rising, and the overall setup suggests momentum is building for further upside. Recent consolidation has helped establish a base, and if the price sustains above ₹ 930, it can potentially rally towards ₹ 1,020 in the coming sessions. The risk-reward is favourable at current levels. Traders should maintain a strict stop loss at ₹ 905 to manage downside risk in case of broader market volatility. Buy | CMP: ₹ 363 | Stop Loss: ₹ 345 | Target: ₹ 395 Senco Gold has shown a strong recovery from its recent support near ₹ 350, backed by rising volumes and improving price action. The stock is currently trying to break out of a minor resistance at ₹ 360, and a close above this level would confirm bullish continuation. RSI is gaining traction, and the overall trend suggests accumulation at lower levels. With improving sentiment in the jewellery and retail space, Senco is well-positioned for a short-term move toward ₹ 395. Maintain a stop loss at ₹ 345 to protect against sudden pullbacks or broader market pressure. Buy | CMP: ₹ 1,915 | Stop Loss: ₹ 1,860 | Target: ₹ 2,050 Balaji Amines has recently bounced back after forming a strong base around ₹ 1,850, signaling renewed buying interest. The stock is showing signs of trend reversal with a bullish structure and improving technical indicators. RSI and MACD suggest strengthening momentum, and the price has crossed above its short-term moving averages, which reinforces the upside bias. If the stock sustains above ₹ 1,920, a quick move toward ₹ 2,050 looks likely. The risk-reward remains attractive at current levels. Traders should keep a stop loss at ₹ 1,860 to protect positions in case of any reversal or weakness in broader market sentiment. 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.
Mint
01-07-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests Laurus Labs, UPL, PNB stock to buy in short term
Stock market today: Indian stock markets began on a positive note on Tuesday, maintaining their upward momentum. Both key indices recorded early increases, although investor sentiment is still cautious as markets anticipate clarity on significant global events, especially regarding the Trump administration's proposed tax reforms in the US. At 11:56 IS, the Nifty 50 index was flat at 25,504 . 65, and Sensex too was flat at 83,588.14. Riyank Arora of Mehta Equities believes Nifty 50 is poised for a breakout above 25,650 level, which could lead the index toward 25,750, and eventually 26,000 in the coming sessions. Arora suggests three stocks to buy. Here's what he says about the overall market. Nifty 50 continues to trade with a positive bias and is approaching a key overhead resistance at 25,650. A breakout above this level could lead the index toward 25,750, and eventually 26,000 in the coming sessions. On the downside, 25,500 acts as a major support level; if breached, the next key support lies at 24,400. Overall trend remains positive, with momentum indicators supporting further upside, but traders should monitor price action closely near resistance levels for confirmation of continuation. Bank Nifty is maintaining strength but now faces a critical resistance at 57,600. A decisive close above this zone could take the index higher toward 58,000, where further supply pressure may emerge. On the lower side, 57,000 is an important support, and a breakdown below this could drag the index down to 56,750. Despite short-term consolidation, the trend remains positive, with higher support levels and strong participation from leading banking names. Riyank Arora recommends these three stocks in the short term - Laurus Labs Ltd, UPL Ltd, and Punjab National Bank (PNB). Buy | CMP: ₹ 724 | Stop Loss: ₹ 700 | Target: ₹ 800 Laurus Labs is witnessing bullish momentum after consolidating near its support zone. The breakout above ₹ 720 is supported by rising volumes and a firm RSI reading. The stock is trading above key moving averages, suggesting sustained strength. A move toward ₹ 800 is expected in the short term, while ₹ 700 should be kept as a protective stop loss. Buy | CMP: ₹ 660 | Stop Loss: ₹ 625 | Target: ₹ 750 UPL has shown a strong rebound from its support near ₹ 625 and has now crossed above the ₹ 655 resistance zone with good volume. RSI and MACD both indicate strengthening momentum. If the price sustains above current levels, it could head toward ₹ 750. A stop loss at ₹ 625 is advised to manage risk in case of reversal. Buy | CMP: ₹ 110 | Stop Loss: ₹ 104 | Target: ₹ 125 PNB has been showing steady accumulation and recently broke above the ₹ 108 resistance mark. The price structure is bullish, supported by rising RSI and a favorable MACD crossover. The banking sector's positive sentiment further enhances the setup. The stock looks well-positioned to rally toward ₹ 125, with a stop loss at ₹ 104 to safeguard positions. 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
17-06-2025
- Business
- Mint
Shares to buy in short term: Mehta Equities' Riyank suggests BEL, 360 ONE WAM, Mphasis shares in short term
Stock market today: India's key stock indexes slipped on Tuesday as investors took a cautious approach following US President Donald Trump's call for Iranians to leave Tehran amidst ongoing attacks between Israel and Iran, escalating fears of a wider regional conflict. The Nifty 50 declined by 0.20% to 24,895 .30, while the Sensex dropped 0.19% to 81,639.66 as of 11:45 IST. Investors also chose to remain cautious ahead of the US Federal Reserve's interest rate announcement later this week, analysts observed. Analysts pointed out that even though market momentum appears positive, escalating tensions between the US and Iran could pose a significant concern. Riyank Arora suggests three stocks in the short term - BEL (Bharat Electronics Ltd), 360 ONE WAM, and Mphasis. Check out his views on the overall market. Nifty 50 has decisively broken above the key resistance level of 24,900, signaling the continuation of bullish Momentum. This breakout opens up the possibility for further upside towards 25,050 and 25,100 in the short term. Momentum indicators such as RSI are trending positively, suggesting strong market sentiment. On the downside, the previous resistance zone around 24,825 is expected to act as immediate support, cushioning any short-term dips. Sustaining above 24,900 will be crucial for the index to maintain upward traction. Bank Nifty is trading near a crucial resistance zone at 56,000. A breakout and close above this level could trigger fresh buying interest, paving the way for targets at 56,200 and 56,400. However, until a decisive move emerges, volatility may persist. On the downside, key support levels are placed at 55,800 and 55,600, where buyers may step in on any intraday weakness. A directional breakout from the current consolidation zone will set the tone for the next leg of the trend. Riyank Arora recommends these three stocks in the short term - BEL (Bharat Electronics Ltd), 360 ONE WAM, and Mphasis. Buy | CMP: ₹ 404 | Stop Loss: ₹ 395 | Target: ₹ 440 BEL has witnessed strong accumulation and is showing signs of breakout on the daily chart. The stock is trading above key moving averages, and technical indicators like RSI suggest increasing strength. A sustained move above ₹ 405 can accelerate momentum toward ₹ 440. Maintain a stop loss at ₹ 395 to protect against downside volatility. Buy | CMP: ₹ 1,169 | Stop Loss: ₹ 1,100 | Target: ₹ 1,300 360 ONE WAM has resumed its upward trajectory after a brief consolidation phase. The breakout above ₹ 1,150 is supported by rising volumes and a bullish MACD crossover. Momentum indicators favour a continuation of the uptrend towards ₹ 1,300. A protective stop loss at ₹ 1,100 is recommended for short-term positions. Buy | CMP: ₹ 2,707 | Stop Loss: ₹ 2,600 | Target: ₹ 3,100 Mphasis has broken above a multi-session consolidation zone, confirming a bullish breakout. The stock is supported by strong volume activity and a rising RSI, reflecting underlying strength. With tech stocks seeing renewed interest, Mphasis looks poised to rally toward ₹ 3,100. Traders should maintain a stop loss at ₹ 2,600 for effective risk control. 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.
