Photo Courtesy: ddnews.gov.in
Markets Today- 24 Jan 25
So finally after a day full of ups and down yesterday, Nifty managed to end in Green. Good signs for sure but not bullish signs for sure too…
But keeping up in positive yesterday will definitely help market today to open in Green.
FII again followed their daily rituals to exit their holdings and sold over 5400 cr of stocks and DII bought for 3700 cr and best part was inspite of this gap, market ended in Green.
Today US markets were again up by nearly 1% and all Asian Markets are up too..
So expect a Green start to the day where Nifty may fight out 23300 levels to find critical hurdle at 23500. And if someone asks what are levels to come out of Bearish phase… Then remember as on date its 23500.
As per Economic Times a sustained close above 23500 levels is crucial to negate the prevailing Bearish sentiments and confirm Bullish reversal.
Some stocks in action–
• Acme solar has planned to incr 1 GW renewable energy projects with land and grid connectivity.
• Adani Energy solutions reported a 79% rise in net profit. Q2 had net profit of 348 cr and same incr to 625 cr in Q3.
• HPCL net profits jumps 3 times compared to last year.
• Today Godrej consumer, Indigo airlines, JSW steel are lined up to announce their Q3 earnings. A strong Q3 profits report is expected in these stocks today
• Mazgaon Dock ties up with Thyseenkrupp for field trials for building Six advanced submarines for IN.
• Syngene shareholders can see the stock in green today too, post their strong Q3 results. The new tgt for this stock is 898.
• Greaves cotton profit up by 64%
• Capri Global doubled its profit.
Some news from RBI-
RBI conducted two overnight variable rate repo (VRR) auctions alongside a pre-cheduled buyback to addresss ongoing liquidity deficit in Banking system.
RBI Guv is having his first meet with bankers next week for talk on easier rules for pushing credit.
BUY RECOMMENDATIONS
Stock Report plus has released its Highest score Stock with BUY analyst recommendations as per Institutional Brokers Estimate System(IBES) . I am including scores of 10/10 for easy decision making for ur BUY needs.
HG Infra
Finolex
Jupiter Life
Dodla
Gulf Oil
Strides pharma
GMR power
Shri ram piston
Zensar Tech
KNR constr
BEML
Medplus health
Karur Vysya bank
Neuland labs
Protean e Gov
Ratnamani Metal
Allied Children
CAMS
Godrej Agrovet
The Gold is trading marginally higher than yesterday at 82780. And silver is flattish today
So stay alert… Volatility isn’t over…. Bears still are dominating the markets…
Look for patience strategy on both accounts…. Ie to be patient seeing ur stock in Green and more patience to see same in Red
Happy Investing
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
