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Stock Market Update – February 25, 2024

Nifty Prediction

This stock market update provides insights into the recent performance and future prospects of various companies based on the Market Trend Tracker (MTT) recommendations. Investors and traders may find this information valuable for making informed decisions in the stock market.

Recommendations and Performances:

Here are the recent recommendations and performances of some companies:

  • Gujarat Pipavav: Touched a new high after being recommended on November 11th.
  • Grauer Weil: Also touched a new high after being recommended on November 11th.
  • Hindustan Adhesives: Booked partial profits after being recommended on November 25th.
  • Bondada Eng.: Booked partial profits after being recommended on November 25th.
  • Univastu India: Recommended on February 10th, keep on radar.
  • Shetron: Recommended on February 10th, keep on radar.
  • Panasonic Carbon India: Booked partial profits after being recommended on February 17th.
  • Prima Plastics: Booked partial profits after being recommended on February 17th.
  • VLS Finance: Booked partial profits after being recommended on February 17th.
  • Markolines: Booked partial profits after being recommended on February 17th.
  • Lehar Footwears: Booked partial profits after being recommended on February 17th.
  • Indotech Transformers: Booked partial profits after being recommended on February 17th.
  • BF Utilities: Booked partial profits after being recommended on February 17th.

New Recommendations and Analysis:

Here are some new recommendations and analysis:

  • National Plastic: Add for potential gains based on its P/E and M.Cap/Sale.
  • Artefact Projects: Buy for 25% gains due to huge orders and reduced debt.
  • Himatsingka Seide: Add for 25% gains based on stable demand and expansion plans.
  • ABC India: Add for potential multi-bagger gains as a full-service logistics provider.
  • Sinclair Hotel: Keep track of this company for further developments after issuing bonus shares and expansion plans.
  • Competent Auto: Add for potential gains based on its Q3 EPS and recent property purchase.
  • Gujarat Industries Power: Add for potential hefty gains due to its Q3 PAT and plans for a renewable energy park.
  • Metro Global: Buy for potential decent gains as it is almost debt-free.
  • Qualitek Labs (BSE SME listed): Keep on radar as it is likely to cross Rs.200 soon.
  • Kriti Nutrients: Add for potential gains as it has shown growth in Q3 NP and may cross its 52-week high.

Conclusion:

Investors are advised to conduct thorough research and analysis before making investment decisions based on the recommendations provided. The stock market is subject to fluctuations, and it’s crucial to stay updated on company developments and market trends.

Market Commentary: Bank Nifty Consolidating at Higher Levels

grayscale photo of empty road between buildings
Photo by Robert Almonte on Unsplash

Bank Nifty, one of the key indices in the Indian stock market, is currently in a consolidation phase at higher levels. This indicates that the index is taking a breather after a significant upward movement.

The consolidation phase is a natural part of the market cycle, where the index moves sideways within a certain range. It allows the market participants to reassess the current market conditions and determine the next potential direction.

Bank Nifty’s consolidation at higher levels suggests that the market sentiment remains positive, with investors showing confidence in the banking sector. It indicates that market participants are not rushing to book profits and are willing to hold their positions, anticipating further upside potential.

During this consolidation phase, it is important to closely monitor the price action and volume patterns to identify any potential breakouts or reversals. A breakout above the consolidation range could signal a continuation of the uptrend, while a breakdown below the range might indicate a shift in market sentiment.

Traders and investors should also keep an eye on key support and resistance levels to gauge the strength of the consolidation phase. These levels can provide valuable insights into potential buying or selling opportunities.

Overall, Bank Nifty’s consolidation at higher levels reflects a healthy market condition, with participants digesting recent gains. It is a crucial period for market participants to evaluate their positions and make informed decisions based on market trends and indicators.

Disclaimer: The above analysis is based on market trends and indicators. It is important to conduct thorough research and seek professional advice before making any investment decisions.

COMMODITIES SUPPORT RESISTANCE

a restaurant with a large wooden counter and a yellow vending machine
Photo by GENERAL BYTES on Unsplash

Gold support 61775 resst 62310

Silver support 69560 resst 70560

Crude support 6438 Resst 6552

Natural Gas 134.70 resst 145.80

5 day Positional Call by Kotak Securities BUY IDFC Current Market Price – ₹ 118.80 Stop Loss Price – ₹ 116 Target – ₹ 123, ₹ 125

5 day Positional Call by Kotak Securities

BUY IDFC

Current Market Price – ₹ 118.80

Stop Loss Price – ₹ 116

Target – ₹ 123, ₹ 125
5 day Positional Call by Kotak Securities BUY IDFC Current Market Price – ₹ 118.80 Stop Loss Price – ₹ 116 Target – ₹ 123, ₹ 125

5 day Positional Call by Kotak Securities

BUY IDFC

Current Market Price – ₹ 118.80

Stop Loss Price – ₹ 116

Target – ₹ 123, ₹ 125

CASH INTRADAY:- BUY M&M @ 1932.05 SL 1914 TGT 1954,1964

CASH INTRADAY:-

BUY M&M @ 1932.05 SL 1914 TGT 1954,1964
CASH INTRADAY:- BUY M&M @ 1932.05 SL 1914 TGT 1954,1964

CASH INTRADAY:-

BUY M&M @ 1932.05 SL 1914 TGT 1954,1964

CASH INTRADAY:- BUY CUMMINSIND @ 2810 SL 2782 TGT 2842,2860

CASH INTRADAY:-

BUY CUMMINSIND @ 2810 SL 2782 TGT 2842,2860
CASH INTRADAY:- BUY CUMMINSIND @ 2810 SL 2782 TGT 2842,2860

CASH INTRADAY:-

BUY CUMMINSIND @ 2810 SL 2782 TGT 2842,2860

Veto Switchgears – 119, 7th Aug, 2023. Investment pick. Small resistance near 136. Above that 176 and above 181 can see 250++

Veto Switchgears – 119, 7th Aug, 2023.

Investment pick.

Small resistance near 136. Above that 176 and above 181 can see 250++
Veto Switchgears – 119, 7th Aug, 2023. Investment pick. Small resistance near 136. Above that 176 and above 181 can see 250++

Veto Switchgears – 119, 7th Aug, 2023.

Investment pick.

Small resistance near 136. Above that 176 and above 181 can see 250++

CALL CUMMINSIND 2800 CE LOOKS GOOD ABV 54-55

CALL

CUMMINSIND 2800 CE LOOKS GOOD ABV 54-55
CALL CUMMINSIND 2800 CE LOOKS GOOD ABV 54-55

CALL

CUMMINSIND 2800 CE LOOKS GOOD ABV 54-55

Global Indices

Market updates 20फेब
Market updates 20फेब

Global Indices
GIFT Nifty: 22309 +43
Hangseng: 16742 +240
Dow: 22309 +457
S&P 500: 5087 +105
Nasdaq: 16041 +461
USD / INR: 82.83
Brent Crude: 83.83
GOLD: 2024.76
FII Net (22-02-2024): -1410
DII Net (22-02-2024): +1824

COMMODITIES NEWS

STOCKS TO WATCH TODAY 17 JANURAY
STOCKS TO WATCH TODAY 17 JANURAY

COMEX Gold continues to trade in a narrow range amid uncertainty regarding the timing when the US central bank will pivot to monetary easing

Federal Reserve Governor Christopher Waller said January’s jump in consumer prices warrants caution in deciding when to start cutting interest rates, though he still expects reductions to begin later this year (Bloomberg)

WTI Crude oil saw a modest decline but trades above $78/bbl as investors assessed lower OPEC+ output and rising Middle East tensions, against concerns about the outlook for consumption from top importer China

The U.S. Energy Information Administration said U.S. crude inventories rose by 3.5 million barrels to 442.9 million barrels in the week ending Feb. 16

LME base metals see marginal gains as softer dollar is providing a cushion while lack of signs of a pick-up in the struggling Chinese housing market keeps markets wary

Today, German Final GDP q/q and German ifo Business Climate will be in focus

STOCKS TO WATCH 23 FEB

Stock Updates

🔸 Bajaj Auto

The company has made further investment of Rs. 45.75 crores in Yulu Bikes Private Limited (Yulu Bikes), India’s largest shared electric two wheeler mobility company

🔸 RVNL & SALASAR

They have emerged as the lowest bidder from Madhya Pradesh Power Transmission Company Limited for construction of 132 KV & 220 KV Transmission Lines and associated Feeder Bays. The order cost is Rs. 173.99 crores

🔸 Sona BLW

The Company has received certification for one of its product i.e. hub wheel drive motor for electric two-wheelers under the PLI scheme

🔸 Vodafone Idea

The board will meet on Feb. 27 to consider fundraising proposals. KM Birla has said the Aditya Birla Group does not plan to exit the business and is looking for new investors.

🔸 Bank of Baroda

The lender raised Rs 2,500 crore via Tier II bonds at a 5.57% coupon

🔸 IRCTC

The company has tied up with Swiggy for supply & delivery of pre-ordered meals through IRCTC e-catering portal as a Proof of Concept in the first phase at four Railway stations i.e. Bengaluru, Bhubaneswar, Vijayawada & Visakhapatnam.

🔸 ION Exchange India

NCLT, Mumbai-approved scheme of amalgamation of Global Composites and Structurals and Ion Exchange Environment Management with Ion Exchange

🔸 Angel One

The board approved raising up to Rs 2,000 crore in tranches.

🔸 Morepen Labs

The board approved raising funds up to Rs 350 crore via QIPs.

🔸 IRB Infrastructure

The company approved raising up to $550 million via FX bonds.

🔸 PFC

The company will consider a fundraising proposal on Feb. 29.

🔸 Oil India

The company signed an MoU with Fertilisers and Chemicals Travancore (FACT) for green hydrogen.

🔸 Bharat Forge

The company has invested Rs 133.58 crore in Bharat Forge Global Holding GmbH.

Bajaj Auto: Company has made further investment of `45.75 cr Yulu Bikes. The co’s shareholding in Yulu Bikes now stands at 18.8% of the paid-up equity share capital of Yulu Bikes

Bajaj Auto:

Company has made further investment of `45.75 cr Yulu Bikes. The co’s shareholding in Yulu Bikes now stands at 18.8% of the paid-up equity share capital of Yulu Bikes
Bajaj Auto: Company has made further investment of `45.75 cr Yulu Bikes. The co’s shareholding in Yulu Bikes now stands at 18.8% of the paid-up equity share capital of Yulu Bikes

Bajaj Auto:

Company has made further investment of `45.75 cr Yulu Bikes. The co’s shareholding in Yulu Bikes now stands at 18.8% of the paid-up equity share capital of Yulu Bikes

IRCTC: Tied up with M/s. Bundl Technologies Pvt. Ltd. (Swiggy Foods) for supply & de ry of pre-ordered meals through IRCTC e-catering portal in the first phase at four Railway stations i.e. Bengaluru, Bhubaneswar, Vijayawada & Visakhapatnam

IRCTC:

Tied up with M/s. Bundl Technologies Pvt. Ltd. (Swiggy Foods) for supply & de ry of pre-ordered meals through IRCTC e-catering portal in the first phase at four Railway stations i.e. Bengaluru, Bhubaneswar, Vijayawada & Visakhapatnam

Sona blw precision forgings: sona comstar becomes the first automotive component company to receive auto pli certification sona comstar received the pli certificate for the traction motor for electric two-wheelers

Sona blw precision forgings:

sona comstar becomes the first automotive component company to receive auto pli certification

sona comstar received the pli certificate for the traction motor for electric two-wheelers

Bajaj Auto The company made a further investment of Rs 45.75 crore in Yulu Bikes

Bajaj Auto

The company made a further investment of Rs 45.75 crore in Yulu Bikes
Bajaj Auto The company made a further investment of Rs 45.75 crore in Yulu Bikes

Bajaj Auto

The company made a further investment of Rs 45.75 crore in Yulu Bikes

MARKET DATA 22 FEBRUARY

Market updates 20फेब
Market updates 20फेब

Institutional Activity*
(Provisional Net Rs Cr.):

Date: 22-Feb-24

Cash Segment :
FII : Rs. -1410
DII : Rs. 1824

FII Derivative Segment:

Index Future Long OI/ Short OI : 0.80

Index Futures : Rs. 1362
Stock Futures : Rs. -1368
Stock Options : Rs. 940
Index Options : Rs. -2414
Net Buy Calls : 46354 Contracts
Net Buy Puts : 71127 Contracts

Cash Segment (Feb Series)
FII : Rs. -17334
DII : Rs. 27516

FII Derivative Segment (Feb Series)
Index Futures : Rs. 7806
Stock Futures : Rs. -806
Stock Options : Rs. -679
Index Options : Rs. -390650
Net Buy Calls : 52314 Contracts
Net Buy Puts : 30284 Contracts

A Guide to Managing Risk in Investing

Results Corner
Results Corner

Navigating the Tightrope: A Guide to Managing Risk in Investing

Introduction: Investing is akin to walking a tightrope, where the delicate balance between risk and reward determines the success of your financial journey. Just like a tightrope walker relies on a pole for stability, investors need a robust risk management strategy to navigate the uncertainties of the market. Here’s a comprehensive guide on how to manage risk effectively in your investment journey.

1️⃣ Understand Your Risk Tolerance: Before embarking on any investment venture, assess your risk tolerance. Understand how much volatility you can stomach and align your investments with your comfort level. This self-awareness forms the foundation of a resilient risk management strategy.

2️⃣ Diversify Your Portfolio: The age-old adage “Don’t put all your eggs in one basket” holds true in investing. Diversification involves spreading your investments across different asset classes to mitigate the impact of a poor-performing investment on your overall portfolio. A well-diversified portfolio acts as a safety net, reducing the risk associated with individual assets.

3️⃣ Keep Emotions in Check: Emotions can cloud judgment, leading to impulsive decisions. Fear and greed often drive market sentiments. Having a disciplined approach and sticking to a pre-defined investment plan can help in avoiding emotionally-driven actions. Rational decision-making is key to effective risk management.

4️⃣ Monitor and Rebalance: Markets are dynamic, and asset values fluctuate. Regularly monitor your portfolio’s performance and rebalance it if necessary. Rebalancing involves adjusting the weightings of assets in your portfolio to maintain the desired level of risk and return. This ensures that your portfolio stays aligned with your investment goals.

5️⃣ Learn from the Past: History is a valuable teacher in the world of investing. Analyze past market trends, economic downturns, and recovery periods. Learning from the mistakes and successes of others can provide insights into potential risks and how to navigate them. Historical data serves as a guide for making informed decisions.

6️⃣ Stay Informed: Knowledge is a powerful tool in managing risk. Stay informed about economic indicators, market trends, and global events that can impact your investments. Continuous learning and staying abreast of relevant information empower you to make proactive decisions and adjust your strategy as needed.

7️⃣ Invest in Education: Education is an ongoing process in the dynamic world of finance. Equip yourself with a solid understanding of investment principles, financial markets, and risk management strategies. The more you know, the better equipped you are to make sound investment choices.

Conclusion: In the high-wire act of investing, managing risk is the key to maintaining balance and achieving financial success. By understanding your risk tolerance, diversifying your portfolio, keeping emotions in check, monitoring and rebalancing, learning from the past, staying informed, and continually investing in education, you fortify your position on the financial tightrope. With the right strategy and a steady hand, you can confidently navigate the challenges and reach your investment goals. 🚀💼

Stocks in News

a restaurant with a large wooden counter and a yellow vending machine
Photo by GENERAL BYTES on Unsplash

TOP10 StocksInFocus

1-VODAFONE IDEA
Board meet On Feb 27, To consider and evaluate any or all proposals for raising of funds in one or more tranches by way of a rights issue, further public offer, private placement including preferential allotment, qualified institutions placement

2-GODREJ PROPERTIES
Bombay HC pronounces order in favour of the company regarding CIDCO cancelling the allotments of 2 adjacent plots in Sanpada, Navi Mumbai

3-GRASIM
Jefferies report, Buy Rating, Target Raised Rs 2,600

4-YES BANK
Goldman Sachs report, Downgrade To Sell, Target Rs 16

5-BALRAMPUR CHINI
Govt says a price of Rs 4263/tonne of PDM has been fixed for sale by sugar mills to fertiliser companies. PDM manufacturers can claim subsidy of Rs 345/tonne at present rate under nutrient based subsidy scheme from fertiliser ministry, according to a statement.

6-PFC
The company will consider a fundraising proposal on Feb. 29.

7-ANGEL ONE
Board approves fund raise of 2000cr

8-RK FORGING
Board approves Setting Up Of A Manufacturing Facility In Mexico For Rs 90 Cr

9-BHARAT DYNAMICS/BEL/HAL
35K Cr defence deal gets CCS approval

10-MOREPEN LAB
To raise 350cr via QIP

Research, [22-02-2024 21:15] NG Storage Actual : -60B Forecast : -59B Prev. : -49B Impact : Negative for NG price Research, [22-02-2024 21:32] Crude Oil Inventories Actual : 3.5M Forecast : 3.9M Prev. : 12.0M Impact : Positive for crude price

Research, [22-02-2024 21:15]
NG Storage
Actual : -60B
Forecast : -59B
Prev. : -49B
Impact : Negative for NG price

Research, [22-02-2024 21:32]
Crude Oil Inventories
Actual : 3.5M
Forecast : 3.9M
Prev. : 12.0M
Impact : Positive for crude price

INTRADAY: BUY MCX GOLD MAR 62000 PE AT 650 TP 730 SL 595 (CMP-650)

INTRADAY: BUY MCX GOLD MAR 62000 PE AT 650 TP 730 SL 595 (CMP-650)
INTRADAY: BUY MCX GOLD MAR 62000 PE AT 650 TP 730 SL 595 (CMP-650)

INTRADAY: BUY MCX GOLD MAR 62000 PE AT 650 TP 730 SL 595 (CMP-650)

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