Page 63 - Trading Strategies
What's cooking in ITC's kitchen that's made analysts bullish on the stock?
Analysts at Jefferies beleive the stock could top the Rs 600-mark, an upside of over 34 per cent from current levels
 "What's cooking in ITC's kitchen that's made analysts bullish on the stock?")
Stocks to Watch on July 3: HDFC twins, TMB, auto shares, SBI, Balaji Amines
Stocks to Watch on Monday, July 3: Post the approval of the merger between HDFC Bank and HDFC, the trading window in HDFC Ltd will remain closed till July 13
 "Stocks to Watch on July 3: HDFC twins, TMB, auto shares, SBI, Balaji Amines")
Infy, Coforge: Breakout in IT index may assist stocks to soar up to 10%
While index requires to scale major hurdles, the aggressive rally towards those has triggered positive upside in IT stocks.
 "Infy, Coforge: Breakout in IT index may assist stocks to soar up to 10%")
F&O rollover data hints Nifty could target 19,300 soon; IT, Metals may lead
FIIs continued to roll their bullish bets on Index and have slightly reduced their longs in Single Stock Futures, says Nuvama Alternative & Quantitative Research report.
 "F&O rollover data hints Nifty could target 19,300 soon; IT, Metals may lead")
Key levels on Nifty Metal, Pharma, Energy indices to help plan your trade
According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.
 "Key levels on Nifty Metal, Pharma, Energy indices to help plan your trade")
Nifty hits new high; Can it topple 20,000-mark? Here's what history hints
The NSE Nifty 50 on Wednesday scaled a new high after 142 trading days. The average swing returns since 2018 are 32.8 per cent suggesting an upside target beyond 22,000-mark.
 "Nifty hits new high; Can it topple 20,000-mark? Here's what history hints")
F&O Expiry: Nifty likely to test 18,900, support seen at 18,770; shows data
Meanwhile, the Bank Nifty is likely to counter resistance around 44,300 in today's trade.
 "F&O Expiry: Nifty likely to test 18,900, support seen at 18,770; shows data")
Nifty likely to hit 19,000 soon; support seen at 18,660
Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Surya Roshni and Bajaj Electricals.
Nifty FMCG index could weaken below 51,120; Look to buy metals on dip
According to Ravi Nathani, an independent technical analyst, the bias for Nifty Metal Index is likely to remain bullish as long as it holds above 5,910.
 "Nifty FMCG index could weaken below 51,120; Look to buy metals on dip")
Microcaps may give alpha returns in bull mkt amid valuation comfort
Thus far in calendar year 2023, 165, or 66 per cent, of 250 micro-cap stocks have generated positive returns
 "Microcaps may give alpha returns in bull mkt amid valuation comfort")
Analysts struggle to find investment-worthy themes in the current market
Sectorally, the realty, auto, healthcare and capital goods indices are the top performers so far this fiscal, while the benchmark S&P BSE Sensex has gained around 7 per cent.
 "Analysts struggle to find investment-worthy themes in the current market")
Bias for Nifty PSU Bank, Pvt Bank indices remain bullish; here's why
According to Ravi Nathani, an independent technical analyst, the current consolidation in Nifty Pvt Bank index is more time-based rather than price-based.
 "Bias for Nifty PSU Bank, Pvt Bank indices remain bullish; here's why")
Bajaj Auto, Tata Comm: Trading strategies for stocks turning ex-dividend
The overall trend in these stocks remain positive, however crucial hurdles need to be conquered to rally further.
 "Bajaj Auto, Tata Comm: Trading strategies for stocks turning ex-dividend")
Steel Strips Wheels hits record high, surges 9% on healthy growth outlook
SSWL is looking to expand its presence in alloy wheel with global passenger car segment customer
 "Steel Strips Wheels hits record high, surges 9% on healthy growth outlook")
Bank Nifty near lower-end of consolidation range; key support at 43,400
According to Ravi Nathani, an independent technical analyst, the Nifty 50 is seen consolidating in the 18,500 to 18,900 range.
 "Bank Nifty near lower-end of consolidation range; key support at 43,400")
Sensex falls 260 pts, Nifty nears 18,650; Adani Ent crashes 7%, RIL, SBI 1%
Closing Bell on June 23, 2023: Among sectors, the Nifty Metal index fell 2.5 per cent, followed by the Nifty Media index (2.13 per cent), the Nifty IT index (0.89 per cent)
 "Sensex falls 260 pts, Nifty nears 18,650; Adani Ent crashes 7%, RIL, SBI 1%")
F&O Strategy: Here's why you should adopt Bear Spread on AB CAPITAL
Buy AB Capital Rs 170 Put option and simultaneously Sell Rs 165 Put of the June series, suggests Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.
 "F&O Strategy: Here's why you should adopt Bear Spread on AB CAPITAL")
Nifty Midcap 50 weekly chart signals caution; watch out for these levels
According to Ravi Nathani, an independent technical analyst, while the Nifty Midcap index has strong resistance around 10,125 level.
HDFC AMC, UTI AMC: Charts suggest up to 15% rally in select AMC shares
Selective AMC stocks like HDFC Asset Management Company and Nippon Life India Asset Management may rise up to 15%
 "HDFC AMC, UTI AMC: Charts suggest up to 15% rally in select AMC shares")
Weekly F&O Expiry: Traders expect Nifty to hold 18,800, shows option data
Meanwhile, the Bank Nifty seems broadly trapped in the 43,500 - 44,000 range, say analyst.