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Economic Times
20 minutes ago
- Economic Times
Key strength ratio signals bullish momentum for Indian markets
Srivastava, however, said some stocks and sectors are not participating in the markets but post short-term consolidation, these stocks and sectors are expected to follow suit. Investor confidence is growing, as indicated by the advance-decline ratio for BSE-listed stocks remaining above one for the fourth consecutive month in June. This bullish momentum, coupled with a revival in the IPO market and broad-based buying, is expected to drive the markets to new peaks. Analysts predict Nifty could reach 26,400 initially and potentially 28,380 by December. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: The monthly advance-decline ratio (ADR) for all BSE-listed stocks was above one in June for the fourth consecutive month. Analysts said it indicates improving investor confidence. This, amid a revival in the IPO market and broad-based buying, is expected to propel the markets to a new peak in near term. The last time the ADR was consecutively above one was between April 2023 and January 2024 for 10 consecutive months."The ADR remaining over one consistently is a sign that the bullish momentum is back as benchmark indices are trading above key moving averages while the mid-cap and small caps are in an upward trajectory as well," said Rajesh Palviya, head of technicals and derivatives, Axis Derivatives. "The VIX has meanwhile remained comfortable below 14."Palviya said the overseas investors have turned buyers of Indian equities amid a revival in the IPO market and promoter stake sales - all without a significant fall in the the past four months, benchmark Nifty gained around 15% after declining 6.4% in the first two months of the year. The Nifty Mid-cap 150 and Small-cap 250 indices gained 23.6% and 28% respectively in the past four the derivatives front, overseas investors reduced short positions on index futures on expiry from the peak of 1,09,471 positions to 38,123 positions which leaves room for short squeeze."The foreign investors remain short on the market and haven't reduced their positions significantly yet," said Rohit Srivastava, founder, "Short covering on that front could be a trigger for the markets that pushes it higher." Srivastava said the bullish momentum indicated by consistently positive ADR is likely to support benchmark Nifty to all time high especially since July has been a strong month historically for the investors turned buyers of Indian equities in March after selling shares worth ₹1.46 lakh crore. "The market has absorbed the negatives such as Trump tariffs, India-Pak dispute and the middle eastern conflict with no major declines," said Srivastava. "In the near term, benchmark Nifty is likely to be at 26,400 levels initially and move towards 28,380 levels by December this year."Srivastava, however, said some stocks and sectors are not participating in the markets but post short-term consolidation, these stocks and sectors are expected to follow said benchmark Nifty is expected to be at all time high levels in July or latest by August- as Trump is expected to soften the tariffs and the impact is likely to be limited to sectors like IT, pharma and auto may face the brunt. Palviya said benchmark Nifty is expected to be at 25,800-26,000 levels in the near term and all sectors are expected to contribute to the upmove.'Bank Nifty is on an upward trajectory, and auto and FMCG indices are also near breakout levels while railways, chemicals, sugar and fertilisers are also inching higher which indicates that strength is returning to the street.' The delivery volumes witnessed a steady upmove since April; after peaking in March, however, analysts attributed the increase to regulations on volumes.'The delivery volume share moved up steadily on a monthly basis, however, Sebi regulations on volumes especially for smallcap and mid-cap segment had more to do with it,' said Palviya. 'While delivery volumes moved higher, the turnover hasn't increased much.'
Mint
32 minutes ago
- Mint
Best stocks to buy today, 3 July, recommended by NeoTrader's Raja Venkatraman
The market caught a fever as the Trump effect dominated the proceedings, thus causing some turbulence. As trends try to make their way ahead, the damage control required by market participants is quite demanding. Here are two stocks to buy or sell as recommended by NeoTrader's Raja Venkatraman for today: GODREJAGRO: Buy CMP and on dips to ₹783 | Stop ₹773 | Target ₹875-895 HEIDELBERG: Buy CMP and dips to 205 | Stop 202 | Target 240-255 Market update On 3 July 2025, Indian equity markets staged a modest rebound following the previous session's decline, with the Nifty 50 closing at 25,580.65, up 0.50%, and the Sensex reclaiming ground to end at 84,032, rising 0.75%. The recovery was led by broad-based buying across key sectors, particularly metals, auto, and FMCG, which helped offset continued weakness in financials and realty. Tata Steel and JSW Steel extended their gains, buoyed by firm global commodity cues and expectations of improved domestic demand. Maruti Suzuki and Asian Paints also contributed to the upside, reflecting resilience in consumption-linked counters. However, banking stocks remained subdued, with IndusInd Bank and HDFC Life continuing to face selling pressure amid concerns over margin compression and regulatory headwinds. The Nifty Metal Index surged over 1.5%, while auto and FMCG indices added close to 1% each. On the flip side, PSU banks and realty stocks lagged, reflecting cautious sentiment ahead of upcoming macroeconomic data releases. Also Read: Have ₹10,000 to invest? Here are four stocks to explore for the long term. Market breadth improved slightly, with midcap and smallcap indices recovering 0.3%, signalling selective buying interest. Overall, the session reflected a buy-on-dips approach, with traders eyeing a potential breakout above the 25,600-25,700 resistance zone in the coming days. Outlook for trading Currently, the market is stressed at higher levels as there are no encouraging triggers that can help the markets move confidently higher. The constant lack of participation highlights that the trends are getting tired. With the constant geopolitical tensions emanating since April began, the possibility of continued volatility is very much on the cards. At the moment, no cues are emerging that can help give us a hint of the near-term volatility that one can expect. In the last article, we highlighted the importance of the 25,500 zone. The range is getting tighter, and the readings from the Option Data suggest that PCR has moved to 0.62 once again, highlighting that the trends are witnessing a sell-off at every rise. We observe that the Call Writing has shifted lower now to 25500. With notable Put writing seen at 25000 post 25400, we are now at an important point for the days ahead. Despite the best intentions, the market is unable to conjure up enough strength to continue its upward march. With the 25,365 zone, which is the monthly TC Pivot level being held, we can expect a revival in momentum to rise as long as this level is not violated. The steady attempt to buy on every dip has once again given people a reason to hold on to the bullish side of the markets for now. With no clarity on the future course of action, we should be looking at participating with a neutral bias. Trends continue to remain two-phased and require us to balance both sides of the trend. Hence, the situation demands a pragmatic approach to benefit from market participation. Also Read: Torrent Pharma bet big on JB Chemicals, but can the acquisition deliver? Results season is about to get underway, but the global impact of the worrying macro factors driving up the volatility, we need to see how to navigate the current trends. While market continues to offer umpteen opportunities sector rotation will be at work and hence, we have selected candidates that are displaying steady action from both sides until new signals to the contrary emerge. Two stocks to trade, recommended by NeoTrader's Raja Venkatraman: Godrej Agrovet Ltd (Cmp 803.85) Why it's recommended: Last quarter Godrej Agrovet demonstrated a mixed performance as it faced margin pressures due to fluctuating raw material costs, heightened competition in the infrastructure sector, and demand volatility in real estate. After enduring these challenges, the volumes began to pick up in the last few weeks to show some strong showing in the last few days. A strong closing on Wednesday augurs a BUY. Key metrics: P/E: 29.86 | 52-week high: ₹877.85 | Volume: 539.44K. Technical analysis: Support at ₹725, resistance at ₹950. Risk factors: Input cost inflation, particularly impacting soybean prices, and challenges in its subsidiary. Buy: CMP and dips to ₹783. Target price: ₹875-895 in 1 month. Stop loss: ₹773. Also Read: Zomato stock rebounds 30%—but is the rally built to last? Heidelbergcement India Ltd (Cmp 214.54) Why it's recommended: Heidelberg remains a key player from the midcap space in cement industry, benefiting from increasing data consumption and strong subscriber additions. After being in a range for more than five months the stock has given a strong breakout above key resistance zones around 204, with volumes signalling strong bullish interest. Key metrics: P/E: 45.54 | 52-week high: ₹258 | Volume: 860.34 K Technical analysis: Support at ₹186, resistance at ₹222. Risk factors: Poor long-term growth and underperformance in the market. Buy: CMP and dips to ₹205. Target price: ₹240-255 in 1 month. Stop loss: ₹202. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. 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.
Time of India
32 minutes ago
- Time of India
Key strength ratio signals bullish momentum for Indian markets
Mumbai: The monthly advance-decline ratio (ADR) for all BSE-listed stocks was above one in June for the fourth consecutive month. Analysts said it indicates improving investor confidence. This, amid a revival in the IPO market and broad-based buying, is expected to propel the markets to a new peak in near term. The last time the ADR was consecutively above one was between April 2023 and January 2024 for 10 consecutive months. "The ADR remaining over one consistently is a sign that the bullish momentum is back as benchmark indices are trading above key moving averages while the mid-cap and small caps are in an upward trajectory as well," said Rajesh Palviya, head of technicals and derivatives, Axis Derivatives. "The VIX has meanwhile remained comfortable below 14." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Philippines: Affordable Refrigerators for Sale - Check Out the Prices! Refrigerators | Search Ads Search Now Undo Palviya said the overseas investors have turned buyers of Indian equities amid a revival in the IPO market and promoter stake sales - all without a significant fall in the market. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Agencies In the past four months, benchmark Nifty gained around 15% after declining 6.4% in the first two months of the year. The Nifty Mid-cap 150 and Small-cap 250 indices gained 23.6% and 28% respectively in the past four months. On the derivatives front, overseas investors reduced short positions on index futures on expiry from the peak of 1,09,471 positions to 38,123 positions which leaves room for short squeeze. Live Events "The foreign investors remain short on the market and haven't reduced their positions significantly yet," said Rohit Srivastava, founder, "Short covering on that front could be a trigger for the markets that pushes it higher." Srivastava said the bullish momentum indicated by consistently positive ADR is likely to support benchmark Nifty to all time high especially since July has been a strong month historically for the markets. Overseas investors turned buyers of Indian equities in March after selling shares worth ₹1.46 lakh crore. "The market has absorbed the negatives such as Trump tariffs, India-Pak dispute and the middle eastern conflict with no major declines," said Srivastava. "In the near term, benchmark Nifty is likely to be at 26,400 levels initially and move towards 28,380 levels by December this year." Srivastava, however, said some stocks and sectors are not participating in the markets but post short-term consolidation, these stocks and sectors are expected to follow suit. Analysts said benchmark Nifty is expected to be at all time high levels in July or latest by August- as Trump is expected to soften the tariffs and the impact is likely to be limited to sectors like IT, pharma and auto may face the brunt. Palviya said benchmark Nifty is expected to be at 25,800-26,000 levels in the near term and all sectors are expected to contribute to the upmove. 'Bank Nifty is on an upward trajectory, and auto and FMCG indices are also near breakout levels while railways, chemicals, sugar and fertilisers are also inching higher which indicates that strength is returning to the street.' The delivery volumes witnessed a steady upmove since April; after peaking in March, however, analysts attributed the increase to regulations on volumes. 'The delivery volume share moved up steadily on a monthly basis, however, Sebi regulations on volumes especially for smallcap and mid-cap segment had more to do with it,' said Palviya. 'While delivery volumes moved higher, the turnover hasn't increased much.'
