Page 47 - Market Outlook
Time to book profit now; buy when Nifty hits 16,000: BofA Securities
The foreign brokerage firm expects Nifty to drop to 16,000 levels as they foresee global slowdown, volatile commodities, peak urban demand/slow rural revival as some of the risks for earnings.
 "Time to book profit now; buy when Nifty hits 16,000: BofA Securities")
'Stocks of new-age businesses could prove to be the dark horses in H2-FY24'
In an exclusive conversation, Jaspreet Singh Arora, CIO, Research & Ranking, shares his views on markets, sectoral outlook, themes to bet on in FY24, and more
 "'Stocks of new-age businesses could prove to be the dark horses in H2-FY24'")
These three Nifty sectoral indices look positive on charts
According to Ravi Nathani, an independent technical analyst, one can adopt a 'Buy on Dip' strategy in Nifty Energy, Commodities and MNC indices.
 "These three Nifty sectoral indices look positive on charts")
After a dismal FY23, is the tide turning for mid, small-cap segments?
The S&P BSE Small-cap and Midcap indices have surged around 6 per cent and 4 per cent, respectively, as against a 2 per cent gain on S&P BSE Sensex so far in FY24.
 "After a dismal FY23, is the tide turning for mid, small-cap segments?")
F&O Expiry: Here's what the options data suggest for Nifty, Bank Nifty
The PCR for Nifty and Bank Nifty for the April series is above 1, suggesting presence of strong Put writes for both derivatives.
Here's what the charts suggest for Nifty Realty, Media, Pharma indices
According to Ravi Nathani, an independent technical analyst, one should look to book profits in Nifty Realty either at current levels or on rally.
 "Here's what the charts suggest for Nifty Realty, Media, Pharma indices")
HDFC Securities recommends Buy on Triveni Engineering, NFL; check why
On the broader market outlook, Vinay Rajani the technical & derivative analyst expects the Nifty to move in the 17,842-176,84 range in the near term.
 "HDFC Securities recommends Buy on Triveni Engineering, NFL; check why")
Nifty Auto likely to exhibit range-bound trade; FMCG seems overbought
According to Ravi Nathani, an independent technical analyst, the Auto index seems trapped in the 12,950 - 12,830 range. Whereas, the FMCG index is expected to face stiff resistance around 47,200.
 "Nifty Auto likely to exhibit range-bound trade; FMCG seems overbought")
Indian markets likely to remain range-bound in the near term: Analysts
Rising interest rates, firm crude oil prices and geopolitical concerns, they believe, will keep the sentiment back home in check.
 "Indian markets likely to remain range-bound in the near term: Analysts")
Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts
Bajaj Auto Q4 preview: Analysts estimate flat input cost assumption, and lower operating leverage will weigh on EBITDA and EBITDA margins in Q4FY23
 "Weak export mix, volume may hit Bajaj Auto Q4 revenue QoQ: Analysts")
Chart suggests 'Sell on rise' strategy for Nifty Bank index
According to Ravi Nathani, an independent technical analyst, the Bank Nifty is expected to face resistance around 42,615-42,950-43,600.
Tech view: Nifty Midcap 50 Index likely to exhibit range-bound trade
According to Ravi Nathani, an independent technical analyst, the Nifty Midcap 50 Index may consolidate in a range of 8,800 - 8,736.
O2C segment may drive RIL's Q4FY23 revenue; retail, telco stable: Analysts
RIL Q4 preview: Analysts expect steady improvement across all segments of Reliance Industries in Q4FY23, with stronger base gross refining margins, and reduced impact of windfall tax
 "O2C segment may drive RIL's Q4FY23 revenue; retail, telco stable: Analysts")
Can the rally in Nifty Realty index sustain? Here's what charts suggest
The Nifty Realty Index could face stiff resistance in the range of 445 to 457 levels.
Selectively ride logistics stocks as tech wave disrupts market: Analysts
With the Covid-19 pandemic crippling the supply-chain management across borders, investors and venture capital firms started to place their bets on logistics, seeing manifold growth in e-Commerce
 "Selectively ride logistics stocks as tech wave disrupts market: Analysts")
This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years
After a gap of over 15 years, the stock has touched a new peak. It surpassed its previous high of Rs 448.5 per share, which it had touched in December 2007
 "This Rekha Jhunjhunwala-owned stock hit new peak after a gap of 15 years")
Hold longs on Nifty with a stop at 17,500: HDFC Securities
Among individual stocks, Vinay Rajani the technical & derivative analyst recommends to Buy Ircon International and ABFRL.
 "Hold longs on Nifty with a stop at 17,500: HDFC Securities")
Trading strategies in Nifty FMCG, Metal indices
According to Ravi Nathani, an independent technical analysts, the Nifty Metal Index is exhibiting a range-bound trade, whereas the FMCG index presents a 'Sell on rise' opportunity.
 "Trading strategies in Nifty FMCG, Metal indices")
Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services
According to Ravi Nathani, an independent technical analysts, the Nifty Bank Index is expected to face significant resistance around the 42,700 level in the near term.
 "Time to adopt 'Sell on Rise' strategy in Nifty Bank, Financial Services")
Pivot point for Nifty stands at 17,858, chart suggests
In case the Nifty faces resistance at 17,858, Ravi Nathani recommends adopting buy on dips strategy with support around 17,610 and lower levels.
 "Pivot point for Nifty stands at 17,858, chart suggests")