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The consolidation and rangebound trading may continue until the frontline indices decisively surpass the recent swing high. Below are some short-term trading ideas to consider.
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The market is expected to remain in positive terrain despite intermittent consolidation. Below are some short-term trading ideas to consider.
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Holding 22,460 could propel the Nifty 50 to the 22,800-23,000 zone, while failure could lead it down to the 22,300-22,200 levels.
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Container Corporation of India also saw consolidation breakout and formed robust bullish candlestick pattern on the daily charts with strong volumes. The stock traded well above all key moving averages.
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NHPC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints and has formed a bullish candlestick with upper & lower shadows on the daily scale with healthy volumes
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Swan Energy was in focus last week, rising 11 percent to at record closing high of Rs 362 and formed large bullish candle on the weekly timeframe with above average volumes. It has seen a breakout of horizontal resistance trend line adjoining May 2, 2022 and January 2, 2023.
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There is a classical bullish setup in NHPC as the counter had witnessed bullish flag formation in April month then it created a strong base at 200-DMA followed by a healthy correction.
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Mitessh Thakkar of mitesshthakkar.com suggests selling Bata India with a stop loss of Rs 910 and target of Rs 860 and advises buying Federal Bank with a stop loss of Rs 78.5 and target of Rs 86.
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Dividend-paying stocks make an ideal portfolio play especially in times of crisis. These stocks tend to absorb the volatility and remain relatively stronger in such a scenario
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Motilal Oswal believes merchant capacities with low variable cost will either be able to seek power purchase agreements (PPAs) or realise better margins in merchant sales.
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"NHPC has developed new technologies in the areas of electrical and civil engineering for improvement in planning and investigation which will reduce the delays in construction and problems situation," says SMC Global Securities.
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Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
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As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
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Yogesh Mehta of Motilal Oswal recommends buying State Bank of India, Asian Paints and NHPC.
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2018 is expected to be another good year — with the results of all policy initiatives taken in the last 2 years beginning to take shape.
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SMC Global Securities has released their list of top stock ideas for 2018. In an interview to CNBC-TV18, Saurabh Jain, AVP Research of SMC and Author of that reports spoke at length about the top ideas.
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Rajat Bose of rajatkbose.com suggests buying Bajaj Finance, Exide Industries and V-Guard Industries.
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Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.
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Mitessh Thakkar of miteshthacker.com suggests buying Wipro and NHPC.
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Sharmila Joshi of sharmilajoshi.com feels that NHPC may move to Rs 33-34.
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This rating upgrade is critical because, at Baa3, India’s rating was just above speculative grade and was not reflecting the true picture of the reforms initiated by the Modi government in the past three years.
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Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cadila Healthcare, Ashok Leyland and Hindustan Zinc and can sell Equitas Holdings and ITC.
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Sudarshan Sukhani of s2analytics.com is of the view that one can buy Colgate Palmolive, Dr Reddy’s Laboratories, Glenmark Pharma and Grasim Industries and can sell Pidilite Industries.
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Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
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The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
