Stocks to Buy Today, Feb 5: LTTS share price has broken out from a bullish 'Inverted Head and Shoulder' pattern on the daily chart
The Nifty Metal index was seen testing the 100-WMA (Weekly Moving Average) support for the third time in the last 4 weeks. Similarly metal stocks too are testing long-term supports; check levels here.
Budget 2025 Highlights: The budget's emphasis on consumption-oriented measures, coupled with a relatively modest increase in capital expenditure allocation, signals a shift in focus
Budget 2025 Highlights: The Budget is likely to be positive for sectors like FMCG, Auto, consumer durables, EVs, Battery, Travel and Retail
On the upside, the Sensex needs to trade consistently above 78,150, and the Nifty above 23,600 for continuation of the pullback rally; suggests the technical charts.
Technical charts shows that shares of ITC, Bata India, Campus Activewear, Kaveri Seed and Zomato are on the brink of a positive breakout; hence can potentially rally up to 22% in the near-term.
Budget 2025 Analysis: No income-tax up to Rs 12-lakh income, subject to conditions, according to experts, can fuel consumption in the months ahead
Derivative market update for February 1: Data shows that FIIs hold 8 short positions in index futures for every long trade; retail, DIIs, proprietary traders hold bullish bets.
On the last 3 Budget days, the Nifty ended marginally in red; the NSE benchmark has ended lower on 5 out of previous 7 occasions when finance minister Nirmala Sitharaman presented the Union Budget.
The Sensex is trading at TTM PE of 22.2x at the current levels as compared to its 5-and 10-year average of 25.4x and 27.5x, respectively.
Here's a technical outlook on 5 largecap stocks post Q3 results. Charts hint towards a positive bias for Bajaj Finance and Bajaj Auto; whereas a likely fall for Maruti, Tata Motors and Dr. Reddy's.
In the derivatives segment, Crompton Greaves, Titan and HDFC Bank saw over 90 per cent rollovers on Wednesday. The Nifty Put-Call-Ratio rose above 1, with FIIs cutting down some of their short bets.
Stocks to Buy Today, Jan 30: Nifty is recovering amid choppy conditions and approaching its critical resistance at 23,300 (20-DEMA)
Stocks to Buy Today, Jan 29: DLF share price formed an Inverted hammer candlestick pattern on January 27, 2025
Technical charts indicate that shares of ITC, Godfrey Phillips, VST Industries, Delta Corp and United Breweries could slide up to 28% from present levels. Check key levels here
Technical charts show that the large-cap IT stocks can fall up to 14% from present levels, while the Nifty IT index can shed another 6%.
Technical chart shows that L&T, NTPC, Jain Irrigation seem to be placed favourably, while Siemens and Power Grid Corporation look weak. Here are the key levels to watch out on these 5 shares.
The Nifty has declined nearly 12% in the last four months. The NSE index has witnessed six significant price corrections in the last one decade, excluding the COVID-related panic sell-off; shows data.
Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.
The Sensex needs to sustain above 77,000-mark for igniting a pre-Budget rally; Nifty daily chart shows that bearish momentum was showing some signs of tapering-off. India VIX likely to rise this week.