Sebi's weight-watching exercise caps HDFC and ICICI at 20%; smaller lenders get a larger slice
Stocks to buy: Ajit Mishra of Religare Broking recommends buying BCPL, Grasim Industries, and Power Grid; also suggests Nifty trading strategy
Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on Ujjivan Small Finance Bank and Zensar Technologies
Nifty has now surpassed the previous swing high of 25,154, resulting in higher top formation preceded by higher bottom on the daily chart.
Nifty technical outlook: With a likely trading range mentioned above for the coming week, a Short Strangle strategy could be an effective way to capitalise on expected consolidation
With a likely trading Nifty range of 23,700-24,700 in the coming week, a Short Strangle strategy could be an effective way to capitalise on expected consolidation
Strategy View: With a likely trading range of 23,700-24,600 in the coming week, a Short Strangle strategy could be an effective way to capitalise on expected consolidation
Short-term technical indicators have entered overbought territory, suggesting markets may consolidate
Stock Market close highlights today, April 21, 2025: The BSE Sensex has rallied 7.5 per cent or 5,562 points in the last five straight trading sessions
Given the sharp rally in the last few days and midcaps experiencing a fatigue, Nifty is also likely to take a breather and undergo a consolidative phase
The long build-up is seen in the Bank Nifty futures, where we have seen a 3 per cent (Prov) rise in open interest with it rising by 2.2 per cent
Emkay analysts believe a possible US recession from tariffs could reduce Nifty's FY26 earnings by 3 per cent, potentially derating the index to 21,500 in the near-term.
Significantly, call OI at 24,000 and put OI at 23,500 & 23,000, suggesting a well-defined trading range that supports a short, strangled setup
Given the sharp rally in the last few days, Nifty is likely to take a breather and undergo a consolidative phase
Stock Market Today, Wednesday, March 19: The US Fed will announce its policy decision tonight amid concerns of inflation ticking higher due to US President Donald Trump's tariffs, if imposed.
Immediate resistance lies at 22750-22,800, a level that previously acted as support in Jan-Feb 2025, while support lies near 22,200-22,150
Consolidation Phase: After rebounding from recent lows, Nifty has been consolidating this week, preparing for the next leg up.
Stock Market Highlights: The BSE Sensex swung in a near 800-point range amid buying support in private banking shares, and weakness in IT stocks on Wednesday. Broader indices dipped around 0.5%.
Keeping the price-earnings (PE) multiple intact, our (Nifty) index target gets revised to 27,000 levels i.e. nearly 21x PE on FY27 EPS of Rs 1,300
Nifty Today: An overall improvement in market breadth over the last week suggests limited downside capped within 22900