Market Insight: After bank Nifty Consolidation ready to lead the boom again, good signs from Nifty – Market Insight Bank Nifty Poised to Lead the Rally Again after Consolidation Nifty Alas

Sudeep Shah, Head – Technical Research and derivatives, SBI Securities

Market Insight: Talking about the further move of the market, SBI Securities Technical Research and Derivatives Head Sudeep Shah said that the Equity Benchmark Index Nifty and Sensex did a softening throughout the trading session today but the Nifty closed in green mark due to the rapid bounce in the last hour of the day. This boom of the market came on the basis of positive global signals and the Soft trend of the Reserve Bank of India. Nifty Metal and Nifty India Defense saw a rise of 1.8-2 percent. While the PSU bank index saw a rise of 1.12 percent. On the other hand, Nifty Healthcare and Nifty Realty were the two biggest sectoral louquars. Tata Steel and Power Grid were among the fastest fastest stocks. While Max Health and Tech Mahindra were the most fallen shares.

Small and strong shares were rose, causing overall sentiments during business. The midcap 100 index and smallcap 100 index saw an increase of 0.83% and 0.69%. The advanced-decline ratio was in favor of stunning. The Nifty closed with a total of 329 shares out of 500.

Nifty view

The Nifty was sideways in most of the day of the day. Facing strong resistance around 24,840–24,850, it gained momentum in the last hour of the day and closed at 24,894 with a gain of 0.23%. The index created a bullish candle and closed on the lead for the second consecutive day. The Nifty closed above the 100-day EMA zone located near 24,740-24,750. This is an indication that this zone is now acting as immediate support.

The Nifty is trading above its 200-day EMA (24,411), but is facing resistance on 20-Day EMA (24,914), which can limit its boom. For further speed, it is necessary for the Nifty to remain above these levels.

The RSI is almost bouncing from the oversold zone, but is slightly below the neutral point of 50 which is a sign of alert with the scope of recovery. The MACD indicator is built in the negative zone, but the histogram is showing smaller red straps, indicating that the recession speed is gradually weakening and if the improvement continues, a rapid crossover may emerge.

Talking at important levels for Nifty, the zone of 24,920-24,950 will work as an immediate resistance for the index. If the Nifty manages to move above a level of 24,950, this decline may increase further to 25,100 levels. Whereas, at the bottom, the zone of 24,800–24,750 will act as an important support for Nifty.

Experts Views: Market short -term trend positive, 25200 levels in Nifty next week

Bank nifty view

Bank Nifty has created a large bullish candle on the daily chart, indicating frequent purchases at the lower levels. The bank is increasing the ratio line in the Nifty/Nifty ratio chart and is trading above all important moving averages, indicating that the bank is performing much better than the Nifty, Nifty index. The index is trading above its 200-day EMA (53,833) and re-regaining the short and mid-term EMA clusters is a sign of the return of fast.

RSI is moving towards the 60 level. It also indicates a strong boom with the scope of the lead further. The ADX indicator crosses the +DI -DI confirms that buyers are in a fast mood. The MACD has become positive with a new speedy crossover, which has a green histogram bar support, indicating the continuation of the fast.

The overall structure of the market shows that the bank is ready to re -leadership after a phase of Nifty Consolidation. If you look at the important levels for the bank Nifty, then the 55,700-55,800 zone will work as a immediate resistance for the index. If the index is successful in moving above the level of 55,800, this boom may increase up to 56,300 and then to 56,600. Whereas, at the bottom, the 55,200–55,100 zone will act as an important support for the index.

Disclaimer: The ideas given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Money control advises users to seek the advice of certified experts before taking any investment decision.

Source link

Defense Stocks: Defense stocks continuously got wings in third session, Astra Microwave jumped more than 11%

Defense stocks showed a third consecutive session. On October 3, shares of Solar Industries, PTC Industries, Estra Microwave, Data Pattern and Azad Engineering jumped up to 11 per cent. The reason for this is the beginning of coverage of Goldman Sachs on 8 Defense Kapanis. Goldman Sachs has started coverage of these companies in view of the increase in defense exports, focus on focus on making defense equipment in the country and increasing expenses on defense.

Private defense companies will be fast growth

Goldman Sachs It has said in its report that India has been a major importer of Equipments. India’s expenditure on defense has also been very high. Despite this, investors have been interested in shares of government defense companies, while private defense companies have been prone to good growth. These companies have access to Advance Defense Technologies. The growth of these companies can be more than government defense companies.

Increasing expenses on defense in the world will benefit

The Brokej firm has said in its report that the CAGR of private defense companies per share (EPS) may be 32 per cent, while the CAGR of EPS of government defense companies is expected to be 13 per cent. In this report, it has said that the expenditure on defense is increasing worldwide, which is expected to benefit India’s private defense companies. There are many companies in the private sector, which have performed well.

Target of more than 2000 for Azad Engineering

The shares of Azad Engineering showed a huge jump on 3 October. It climbed 6.95 to close at Rs 1,723. In the last six months, this stock has climbed around 27 percent. This stock had climbed 8 per cent at one time. The reason for this is the report of Goldman Sachs, stating that the EPS growth of stock may remain more than the growth of foreign defense companies. This report said that good growth of India’s defense companies may continue till FY33. Goldman Sachs has advised to buy Azad Engineering shares. A target price of Rs 2,055 has been given for shares.

These two defense shares do wonders

Shares of Solar Industries and PTC Industries also rose on 3 October. Solar industry shares rose 3.52 per cent to Rs 13,845. In the last six months, this stock has risen 22.59 percent. PTC Industries shares climbed 5.75 per cent to close at Rs 16,600 on 3 October. This stock has climbed about 18 percent in the last six months. Goldman Sachs has said that solar industries are in a business in which the entry of new players is difficult. On the other hand, PTC Industries is installing itself as major aerospace grade titanium and superloy player.

Estra microwave climbed more than 11 percent

Goldman Sex has also started covering Estra Microwave, Data Pattern and India Electronics. He has advised to buy these shares. On October 3, these shares also saw a good rise. The shares of Astra Microwave saw the highest 11.21 per cent rose. This stock has risen 59.30 percent in the last six months.

Source link

Stock Market Live Update: Sensex breaks 150 points, below Nifty 24800, Bajaj Twins, Max Healthcare Top Lozer – Live Stock Market Today October 3 UPDATES BSE NSE SENSE SENSE SENSESEX NIFTY LATESEX NIFTY LATES NIFTY LATES NIFTY LATES NIFTY LATES NIFTY LATESE Hero Motocorp Trualt Bionergy Jinkushal Tobo Tek Nuvama Share Price

Stock Market Live Update: Strategy on Nifty

The first support is on 24,725-24,800 (option zone). While the big support is at 24,575-24,625 (the last 3 days low). If the Nifty is open, buy it as soon as it opens. The zone of adding positions is at 24,700-24,750. Place a strict SL of 24,600 on long deals. The first registration is at 24,850-24,950 (10, 20 and 50 Dema). The big registration is on 24,950-25,050 (psychological levels)

Source link

This IT share will run with quarterly results – How will Q2 results help it stocks Gain Momentum Watch Video to Know

Markets

Stocks in focus: According to brokerage firm Nuwama Institutional Equities, the September quarter results for India’s IT sector may be better than expected. Brokerage says that there was a pressure of tariffs involving tariffs in the first quarter, but the results of companies in the second quarter may show signs of stability and recovery. Nuwama estimates that the revenue of almost all IT companies involved in his coverage saw growth on a quarterly basis

Source link

Stocks in Focus: Keep an eye on these IT stocks from now on, the results of the September quarter can come strong – it sector

Stocks in focus: According to brokerage firm Nuwama Institutional Equities, the September quarter results for India’s IT sector may be better than expected. Brokerage says that there was a pressure of tariffs involving tariffs in the first quarter, but the results of companies in the second quarter may show signs of stability and recovery. Nuwama estimates that the revenue of almost all IT companies involved in his coverage saw growth on a quarterly basis. Brokerage has projected only a slight decline in the revenue of Birlasoft and Jansar.

Brokerage says that the atmosphere at the global level regarding the IT sector still remains challenging. Especially after the US has increased the fee of H1B visa. Despite this, careful statements are expected from IT companies and no negative outlook is expected from them.

Nuwama said, “The recent decline in IT shares has made the risk-relieved ratio attractive. We are positive from medium to long-term perspective on the IT sector.”

How will Largecap IT companies perform?

Nuwama says that the revenue growth in Largecap IT companies of Infosys can be 1.8 per cent on a quarterly basis. After this, HCL Tech’s revenue growth is estimated to be 1.5 percent and Tech Mahindra’s revenue growth is 0.8 percent. Revenue growth of TCS and Wipro can be 0.2% and 0.1% respectively on a quarter basis.

Brokerage said it hopes that Infosys will maintain the target (1-3%) of its revenue growth for FY26. HCL Tech is also expected to maintain its 3-5% outlook. Brokerage said that all Tier-1 companies are expected to maintain margin estimate.

Midcap IT companies can do outperformer

Nuwama says that the performance of midcap IT companies may be far better in the September quarter. Coforge is expected to be at the forefront. Brokerage has predicted 6 percent on the basis of revenue growth in Coforge’s Constant currency. At the same time, this revenue growth can be 3.7% and 3.2% respectively for percentage systems and hexavier technologies. Apart from this, the revenue growth of Ltimindtree and MPASIS is estimated to be 1.9% and 1.3% respectively on a quarterly basis.

Nuwama said in the report, “Tier-2 companies are continuously showing strong growth and our top pics remain Ltimindtree, Coforge, Persistent, Mphasis and Hexaware.”

ER & D and Smallcap companies

Companies related to engineering and research and development may also see a slight increase in the performance. Nuwama said that LTTS’s revenue growth is expected to increase by 1.5 percent on a quarterly basis and 0.3 percent of Cyient. However, these companies may see pressure under the weakness of the automobile sector.

Talking about small companies, it has expected an increase of 2.2 percent on a quarterly basis in the revenue growth of the firstsource. At the same time, companies like Birlasoft and Zensar have predicted a decline of 0.5 percent and 0.1 percent respectively in the income.

Disclaimer: The ideas and investment advice given by experts/brokerage firms on Moneycontrol are their own, not the website and its management. Moneycontrol advises users to consult a certified expert before making any investment decision.

Source link

Stocks to Buy: Buy these 15 shares before Diwali, Axis Securities prepared a list, check target price – Axis Securities Lists Top 15 Stocks to Buy in October Festive Season Check Target Price and Full List

Stocks to buy: Brokerage firm Axis Securities has advised investors to buy 15 shares in October. Brokerage believes that the Indian stock market benchmarch index Nifty may reach 25,500 levels by March 2026. Brokerage believed that improvements in capital experience, consumption and credit are being seen with improvements like union budget land and GST 2.0. The stock market will also get support from this growth.

Along with this, Axis Securities has advised investors to bet on 15 shares in this festive season. These include banking, finance, auto, healthcare and real estate sector giants. Let’s know about these stocks and their target price-

Top 15 shares and target price of Axis Securities-

1. Bajaj Finance

Axis Securities has given Bajaj Finance shares to buy with a target price of Rs 1100. The current market price of this stock is Rs 987.35. At the same time, its dividend yield is 0.35 percent.

2. State Bank of India (SBI)

The brokerage firm has advised to buy SBI shares with a target price of Rs 1025. Its current market price is Rs 865.15. The dividend yield is 1.84%.

3. HDFC Bank (HDFC Bank)

Brokerage House has fixed the target price of HDFC Bank share of Rs 1150. Its current market price is Rs 965.80 and the dividend yield is 1.14%.

4. Bharti Airtel (Bharti Airtel)

Axis Securities has advised Bharti Airtel to buy the stock with a target price of Rs 2300. Its current market price is Rs 1869.50 and the dividend yield is 0.86%.

5. Shriram Finance

The brokerage firm has kept the target price of Shriram Finance Rs 750. Its current market price is Rs 647.90 and the dividend yield is 1.53%.

6. Avenue Supermarts

Brokerage has fixed the target price of the share of D-Mart’s parent company Avenue Supermarts at Rs 5,280. Its current market price is Rs 4452.

7. Lupin

Brokerage has fixed the share target price of this pharma company at Rs 2400. Its current market price is Rs 1979.20 and dividend yield is 0.61%.

8. Max Healthcare

Axis Securities has fixed a target price of Rs 1450 for Max Healthcare shares. Its current market price is Rs 1111.90 and the dividend yield is 0.13%.

9. Hero Motocorp

The target price of Hero MotoCorp shares has been fixed at Rs 6245. Its current market price is Rs 5437.50 and dividend yield is 3.03%.

10. Prestige Estates Projects

The target price of this realty company shares is Rs 2000. The CMP is Rs 1542 and the dividend yield is 0.12%.

11. APL Apollo Tubes (APL Apollo Tubes)

The target price of APL Apollo Tubes has been kept at Rs 1950. The current market price is Rs 1739 and the dividend yield is 0.33%.

12. Mahanagar Gas

The brokerage firm has advised to buy the Metropolitan Gas stock with a target price of Rs 1,549. Its current market price is Rs 1,278 and the dividend yield is 2.35%.

13. Kirloskar Brothers

Axis Securities has fixed a target price of Rs 2330 for this stock. Its current market price is Rs 1,992 and the dividend yield is 0.35%.

14. Sansera Engineering

Axis Securities has kept the target price of Rs 1580 for the Shares of Sansera Engineering. Its current market price is Rs 1392.20 and dividend yield is 0.23%.

15. Kalpataru Projects International

The brokerage firm has fixed the target price of Kalpataru projects at Rs 1470. The current market price is Rs 1240.

Also read- Dividend Stocks: This tech company will give a dividend of Rs 5.75 on every stock, know details

Disclaimer: The ideas and investment advice given by experts/brokerage firms on Moneycontrol are their own, not the website and its management. Moneycontrol advises users to consult a certified expert before making any investment decision.

Source link

According to the amount, what should be the investment in the October strategy – what should be your investment strategy in stock market according to your zodiac signs watch video to know what does stock market astrologet astrologer Chirager Chirag Daruwala Say about

Markets

Stock Market Astrology Chirag Daruwala | Talking about the position of the planets in October, Chirag Darauwala said that in the beginning the Sun and Mercury will remain in Virgo. Mars Libra and Saturn will remain in Pisces. Initially Guru Mithun and Venus will remain in Leo. 5 planets will change their zodiac sign in October. Mercury, Sun, Jupiter, Venus and Mars will change. Saturn will remain in Pisces zodiac sign

Source link

Will these 10 stocks rise due to RBI’s decision? – Whoch 10 Stocks Gained Momentum after RBI Mpc Conclusions Today Watch Video to Know

Markets

Indian stock markets have returned to a boom after a decline of 8 consecutive days. A statement by the Reserve Bank of India (RBI) filled the stock market with enthusiasm. The RBI Monetary Policy Committee (MPC) decided to retain the repo rate at 5.5 per cent for the second consecutive time on 1 October today. But along with this, RBI also said that “space has opened for policy support” – that is, there is scope for further cuts for policy support. Moneycontrol has made a list of 10 such shares by talking to market experts, which can be seen in the next 3-4 weeks due to these decisions of RBI. All these stocks have been selected on the basis of technical parameters. Let’s know about these stocks one by one

Source link