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Business Standard
5 days ago
- Business
- Business Standard
F&O cues: Analyst suggests Bear Spread for ICICI General Insurance stock
F&O stocks: ICICI General Insurance stock has seen a short build-up and has broken down on the daily chart with higher volumes Nandish Shah Mumbai Derivative Strategy BEAR SPREAD Strategy on ICICI Lombard General Insurance Buy ICICIGI (31-July Expiry) 1,900 PUT at ₹18.6 & simultaneously sell 1,880 PUT at ₹11.4 Lot Size: 325 Cost of the strategy: ₹7.2 (₹2,340 per strategy) Maximum profit ₹4,160 If ICICI General Insurance closes at or below 1880 on 31 July expiry. Breakeven Point: ₹1,892.8 Risk Reward Ratio: 1:1.78 Approx margin required: ₹22,000 Rationale: >> We have seen a short build-up in stock. This is indicated by an increase in Open Interest (OI) of 3 per cent, with a 2 per cent decline in the price. >> Short term trend is weak as it is placed below its 5, 11 and 20 day EMA >> Stock price has broken down on the daily chart with higher volumes. >> Momentum Indicators and Oscillators are showing weakness in stock. Note : It is advisable to book profit in the strategy when ROI exceeds 20 per cent.


Mint
5 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50, global markets, to Q1 results today; Eight stocks to buy or sell on Friday
Stock Market Today: The weakness in the market continues as the benchmark Nifty-50 index at 25,062.10 ended 0.63% lower on Thursday. The Bank Nifty at 57,066.05 was also down 0.25%, while the IT and Realty Index were key losers, and only a few, such as Pharma and Healthcare, stood among the gainers. The mid and small caps also ended 0.58-1.09% lower. For the short term, immediate support for the Nifty is seen at 24,882. On the upside, unless 25255 is taken out decisively, traders should take a cautious stance, said Nandish Shah - Deputy Vice President, HDFC Securities. For Bank Nifty, immediate support is seen in the 56,000–55,700 zone, as per Bajaj Broking. In summary, Thursday's session painted a cautionary picture, and strong domestic earnings from banks couldn't offset widespread disappointment in IT and continued global trade concerns. With earnings and geopolitics in focus, investors will be watching for clarity on trade deals and recovery cues from tech fundamentals,' said Vikram Kasat, Head - Advisory, PL Capital. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Eternal Ltd , Fortis Healthcare Ltd., Glenmark Pharmaceuticals Ltd., Tata Chemicals Ltd., Zydus Wellness Ltd., Surya Roshni Ltd., and Welspun Living Ltd. 1. Eternal Ltd-Bagadia recommends buying ETERNAL at around ₹ 313.15, keeping Stop Loss at ₹ 302 for a target price of ₹ 336 ETERNAL is currently trading at ₹ 313.15 and has recently reached a new all-time high at 314.45, underscoring its strong bullish momentum. The stock continues to maintain an upward price structure marked by higher highs and higher lows, indicating sustained buying interest. The breakout to a new high reflects a shift in sentiment and robust demand. 2. Fortis Healthcare Ltd—Bagadia recommends buying FORTIS at around ₹ 846.55, keeping Stop Loss at ₹ 817 for a target price at ₹ 906 FORTIS is currently trading at ₹ 846.55 and is exhibiting strong signs of recovery, backed by a consistent formation of higher highs and higher lows. The stock has posted bullish candlesticks for four consecutive sessions and recently touched a fresh all-time high of ₹ 849, reflecting sustained upward momentum and the potential emergence of a long-term trend continuation. Rising volumes further reinforce the bullish sentiment, indicating heightened investor participation. 3. Glenmark Pharmaceuticals Ltd—Dongre recommends buying GLENMARK at around ₹ 2143, keeping the stop loss at ₹ 2100 for a target price of ₹ 2200 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2143 and maintaining strong support at ₹ 2100. The technical setup indicates the potential for a price retracement towards the ₹ 2200 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 2100 offers a prudent approach to capturing the anticipated upside. 4. TVS Motor Company Ltd—Dongre recommends buying TVSMOTOR at ₹ 2800, keeping the stop loss at ₹ 2760 for a target price of ₹ 2885. Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 2800 and maintaining strong support at ₹ 2760. The technical setup indicates the potential for a price retracement towards the ₹ 2885 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 2760 offers a prudent approach to capturing the anticipated upside. 5. Tata Chemicals Ltd—Dongre recommends buying TATACHEM at ₹ 948, keeping stop loss at ₹ 930 for a target price of ₹ 985 In the latest short-term technical analysis, the stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 948 and holding above a key support level at ₹ 930. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 930 to manage downside risk. The target for this trade is set at ₹ 985, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Zydus Wellness Ltd—Koothupalakkal recommends buying ZYDUS WELLNESS at around ₹ 2138 for a target price of ₹ 2220, keeping the stop loss at ₹ 2100 The stock with a positive candle formation on the daily chart has been in a rising trend with bias getting better, and we can anticipate a further rise with volume participation visibly looking significant. The RSI is well positioned, indicating a buy signal, and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of the 2220 level, keeping the stop loss of 2100 level. 7. Surya Roshni Ltd-Koothupalakkal recommends buying SURYA ROSHNI at around ₹ 347, keeping target price of ₹ 365, and keeping a stop loss of ₹ 338 The stock with a higher bottom formation has indicated a strong spurt in the last two sessions, taking support near the important 50EMA zone at ₹ 324 levels, and with gaining strength, we can anticipate a further rise. The RSI, after correcting from the overbought zone, is currently well placed, indicating a positive trend reversal to signal a buy, and can carry on with the positive move further ahead in the coming sessions. With the chart technically looking attractive, we suggest buying the stock. 8. Welspun Living Ltd-Koothupalakkal recommends buying WELSPUN LIVING at around ₹ 141 for a target price of ₹ 152, keeping Stop loss at Rs137 The stock has been in consolidation for quite some time, with the current indication of a bullish candle with rising volume participation. This has improved the bias, and we can expect a continuation of the positive move further ahead. The RSI has indicated strength, which is currently well poised for further upward movement with much upside potential visible. With the chart technically looking good, we suggest buying the stock. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.


Hans India
17-07-2025
- Business
- Hans India
Trade Setup for July 18: Nifty struggles to hold 25,000 as markets await Reliance results
On July 17, the Nifty faced a turbulent session, ultimately closing 101 points lower at 25,111. Despite a flat-to-positive start, the index succumbed to selling pressure during the second half of the trading day, ending near the session's low. The day's losses came amid heightened caution ahead of major earnings, including those from Reliance Industries, JSW Steel, Hindustan Zinc, Bandhan Bank, and IndiaMART Intermesh—all scheduled for release on Friday. Top gainers on the Nifty included Tata Consumers, Tata Steel, and Hindalco, while Tech Mahindra, IndusInd Bank, and Infosys were among the laggards. Broader market indices mirrored the weakness—Nifty Midcap 100 declined 0.17%, and the Smallcap 100 slipped 0.12%. Sectorally, Realty, Metal, and Consumer Durables showed some resilience. However, steep declines in IT and Banking stocks dragged the overall sentiment. FIIs were net sellers in the cash segment, while domestic institutional investors bought into the dip. Stocks like Wipro, Axis Bank, Jio Financial Services, and Indian Hotels will also be in focus after their results were released post-market on Thursday. Technical View Analysts suggest that Nifty's bounce near the 25,000 level looks weak, raising concerns about a possible retest of the 24,900–25,000 zone. Nandish Shah (HDFC Securities) noted that the index failed to sustain above the 20-day EMA (currently at 25,232), signaling continued choppiness. 'Support lies at 25,000, below which longs should be avoided,' he advised. Rupak De (LKP Securities) flagged a bearish sentiment. "The Nifty couldn't cross the 25,260 mark. A downside move toward 24,900 is likely if bearish momentum sustains." Hardik Matalia (Choice Equity Broking) added that while 25,000 is immediate support, a decisive fall below 24,900–24,700 could trigger a deeper correction. On the upside, 25,400–25,500 is the hurdle to watch. In summary, traders will closely watch Friday's earnings announcements and the 25,000 mark, which could dictate the short-term market direction.


Mint
14-07-2025
- Business
- Mint
Nifty 50, Sensex today: What to expect from Indian stock market in trade on July 14?
Nifty 50, Sensex today: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following mixed global market cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 25,173.50 level, a discount of 48.4 points from the Nifty futures' previous close. On Friday, the Indian stock market ended sharply lower, with the Nifty 50 closing below 25,200 level. The Sensex dropped 689.81 points, or 0.83%, to close at 82,500.47, while the Nifty 50 settled 205.40 points, or 0.81%, lower at 25,149.85. Here's what to expect from Sensex, Nifty 50, and Bank Nifty today: Sensex formed a bearish candle on weekly charts, and on daily charts, it has formed a lower top formation. 'We believe that as long as Sensex remains below 83,000, the weak sentiment is likely to continue. Below this level, the index could slip to the 50-day SMA or around 82,100. Further downside may also continue, potentially dragging the market down to 81,500 - 81,100,' said Amol Athawale, VP- Technical Research, Kotak Securities. On the other hand, he believes if Sensex trades above 83,000, sentiment could improve, and if the index manages to stay above this level, it could move up to 83,700 - 84,000. Nifty 50 slipped below the 20-day SMA (Simple Moving Average) zone, and formed a bearish structure on the weekly chart, pointing to the likelihood of continued correction. 'Nifty 50 violated the crucial supports of 25,331 and 25,222 and closed below its 20-day moving average (20 DMA). The short-term trend has now turned bearish for the Nifty 50, where the next support is seen in the band of 24,900 - 25,000. On the higher side, the previous support level of 25,331 could now interchange its role as an immediate resistance,' said Nandish Shah - Deputy Vice President, HDFC Securities. Dr. Praveen Dwarakanath, Vice President of noted that the Nifty 50 broke down below the support at the 25,200 level, indicating weakness in the index. 'The momentum indicators are showing signs of weakness in the index. The weekly expiry calls are written in higher volumes, also indicating the weakness to continue. The ADX DI+ line is sloping down, with the ADX DI- line sloping up, suggesting a further fall in the index from the current levels. The index closed below its 20-day moving average, further confirming the weakness in the index,' said Dwarakanath. VLA Ambala, Co-Founder, Stock Market Today, suggests traders to consider a sell-on-rise strategy and avoid dip buying until the Nifty 50 index reaches the 24,500 levels. 'We can expect Nifty 50 to find support between 24,950 and 24,840, and meet resistance near 25,220 and 25,300 in today's trading session,' Ambala said. Bank Nifty index declined 201.30 points, or 0.35%, to close at 56,754.70, on Friday, forming a bear candle with a lower high and lower low, signaling continuation of the corrective decline for the second session in a row. 'Bank Nifty index, on expected lines, in the last six sessions, is seen consolidating in the range 56,500 - 57,600. We expect the index to extend the same and only a move below 56,500 will signal extension of corrective decline towards the key support area of 56,000 - 55,500. Key short-term term support is placed at 56,000 – 55,500 region, representing a confluence of the 50-day EMA and the key retracement level,' Bajaj Broking Research said. According to the brokerage firm, the broader trend remains positive, and any dips should be viewed as buying opportunities. Mandar Bhojane, Senior Technical & Derivative Analyst - Research at Choice Equity Broking advises a 'sell on rise' strategy as long as the Bank Nifty index holds below the 57,500 mark, with downside targets placed at 56,500 and 56,000. 'For the ongoing expiry, put options show the highest concentration near the 56,500 and 56,000 strikes, marking these as key support levels. Conversely, significant open interest in call options at 57,000 and 57,500 indicates potential resistance, suggesting a likely trading range of 56,000–57,500 in the upcoming sessions. Traders are advised to remain cautious, consider a sell on rise approach, and maintain strict stop-loss levels to manage risks effectively amid ongoing market volatility and potential price fluctuations,' said Bhojane. He believes the bias remains sideways, and the Bank Nifty index is likely to find support at 56,500 - 56,000, and face significant resistance in the 57,000 – 57,500 range. 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.


Hans India
08-07-2025
- Business
- Hans India
Nifty eyes record highs as late rally sparks optimism; All eyes on US trade deal
After a sluggish start on July 9, the Nifty 50 rebounded impressively, closing near the day's high and gaining 61 points to end at 25,522. A late-session rally—fueled by renewed interest in largecap financials—helped the index break out of a narrow trading range, with analysts now eyeing a potential push towards record highs. Financial giants like Kotak Mahindra Bank, which surged over 3% following a strong Q1 update, were instrumental in lifting market sentiment. Other top gainers included Eternal and Asian Paints, while Titan, Dr. Reddy's, and Bajaj Auto dragged the index, with Titan tumbling nearly 6% on weak jewellery segment performance. The broader markets mirrored the recovery. Despite early losses, the Nifty Midcap 100 slipped only 0.17%, while the Smallcap 100 fell by just 0.29%, signaling a broad-based bounce-back. Sectoral performance was mixed. Nifty Realty, Financial Services, and Private Banks led the gainers, while Consumer Durables, Pharma, and Healthcare saw profit booking. In thematic plays, textile stocks gained sharply after the US imposed a 35% tariff on Bangladesh, raising hopes for increased Indian exports. AMC stocks also saw action following SEBI's proposal to ease mutual fund norms under tighter regulations. Foreign institutional investors (FIIs) continued to sell in the cash market, while domestic institutional investors (DIIs) stepped in as net buyers, cushioning the fall. Market experts remain bullish. Siddhartha Khemka of Motilal Oswal highlighted improving sentiment driven by trade deal hopes and the upcoming earnings season. Technically, analysts see key resistance levels ahead. HDFC Securities' Nandish Shah noted that Nifty has been forming higher highs and lows, with resistance at 25,669. A breakout could target the 26,000 mark, while 25,331 is the support. LKP Securities' Rupak De pointed to a bullish setup on the charts, citing a green candle forming after a hammer and doji pattern—often a signal of further upside. He placed resistance at 25,600–25,800 and support around 25,400. Angel One's Rajesh Bhosale added that a move above 25,700 could trigger fresh highs, with 25,300–25,450 acting as a buffer zone on the downside. Nagaraj Shetti of HDFC Securities echoed the positive trend, saying a breakout above 25,700 may push Nifty towards the 26,000–26,200 zone. Immediate support lies at 25,425. As global cues, especially the US trade negotiations, remain pivotal, traders are advised to watch key levels for the next leg of market movement.