Page 61 - Trading Strategies
RBI policy: Can higher inflation become the new normal for the markets?
The upward revision in RBI's inflation projection, analysts suggest, implies that the central bank is likely to keep the rates elevated for a longer period of time than what the Street expected.
 "RBI policy: Can higher inflation become the new normal for the markets?")
Goldilocks position for Indian equities is getting questioned: Jefferies
Rising crude oil prices, traction in China equities and high inflation concerns are casting a shadow on the road ahead for the Indian equities, believe analysts at Jefferies.
 "Goldilocks position for Indian equities is getting questioned: Jefferies")
BofA Securities ups Nifty target to 20,500; sees markets get rerated
The foreign brokerage firm prefers large-caps over their mid-and small-cap peers as the valuations in case of the latter are rich and earnings growth estimates seem stretched.
 "BofA Securities ups Nifty target to 20,500; sees markets get rerated")
Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat
Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent
 "Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat")
Gold needs to clear this hurdle for sentiment revival, shows chart
The MCX Gold October futures need to overcome the resistance at Rs 59,930, for fresh buying to emerge, indicates technical chart.
 "Gold needs to clear this hurdle for sentiment revival, shows chart")
What does Fitch downgrade of US credit rating to AA+ mean for the markets?
The development caused a flutter across equity markets, with most leading frontline global equity indices trading weak on Wednesday.
 "What does Fitch downgrade of US credit rating to AA+ mean for the markets?")
Mid, smallcaps reach for the sky despite analysts sounding caution
In July, the S&P BSE Smallcap index surged 7.4 per cent as compared to 5.7 per cent rally in the Midcap index, and a modest 2.8 per cent gain in the Sensex.
 "Mid, smallcaps reach for the sky despite analysts sounding caution")
Bank Nifty: HDFC Securities recommends this F&O strategy for 03-Aug expiry
Buy Bank Nifty 45,500 Put option and simultaneously Sell 45,500 Call of the 03-August expiry, suggests Nandish Shah, Sr. derivatives & technical research analyst at HDFC Securities.
 "Bank Nifty: HDFC Securities recommends this F&O strategy for 03-Aug expiry")
Nifty Metal, Energy: Here's how to plan your trade
According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is signalling potential correction, while the Metal index remains bullish.
 "Nifty Metal, Energy: Here's how to plan your trade")
Nifty Pharma nears major hurdle at 14,536; Realty remains range-bound
According to Ravi Nathani, an independent technical analyst, given the overbought conditions on Nifty Pharma traders are advised to book profits and adopt a cash position for near- and short-term.
 "Nifty Pharma nears major hurdle at 14,536; Realty remains range-bound")
Tata Motors, L&T: Short-term trading strategies post Q1 results
Tata Motors is likely to trade with a positive bias, with an upside target of around Rs 660; while Larsen & Toubro may witness some profit-taking in the near-term.
Buy Bank of India, Bank of Maharashtra: Vinay Rajani of HDFC Securities
On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could swing in the 19,783 - 19,567 range in the near term.
Nifty FMCG looks weak; Metal index likely to face resistance above 6,600
According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index has near support at 51,750, below which the index can slide to 50,990.
 "Nifty FMCG looks weak; Metal index likely to face resistance above 6,600")
Most investors expect a market correction: Naveen Kulkarni, Axis Securities
Market's focus has shifted to corporate earnings' growth, backed by comfort in valuations, says Naveen Kulkarni, chief investment officer at Axis Securities.
 "Most investors expect a market correction: Naveen Kulkarni, Axis Securities")
Hotel stocks have more room for an upside; buy selectively: Analysts
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in FY24.
 "Hotel stocks have more room for an upside; buy selectively: Analysts")
All Zerodha users can now trade options on Sensibull for free
Under the deal, Zerodha will be paying for this Sensibull facility and users will not be charged anything for this
 "All Zerodha users can now trade options on Sensibull for free")
Nifty, Bank Nifty likely to consolidate in the near-term
According to Ravi Nathani, an independent technical analyst, all the Nifty may seek support in the range of 19,550 - 19,300 levels.
 "Nifty, Bank Nifty likely to consolidate in the near-term")
Demerger done; here's how to trade RIL shares ahead of Q1FY24 results
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
 "Demerger done; here's how to trade RIL shares ahead of Q1FY24 results")
F&O Strategy: Bull Spread on SBI, recommends HDFC Securities
Buy SBI Rs 610 Call option and simultaneously Sell Rs 630 Call of the July series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "F&O Strategy: Bull Spread on SBI, recommends HDFC Securities")
Trading strategies for Nifty Energy, MNCs, Commodities indices
According to Ravi Nathani, an independent technical analyst, all the three indices are presently displaying a bullish trend on charts.