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Markets Today- 13 Jan 25
Wishing all investors a Very Happy Lohri !!
Tough phase on for all, seeing portfolio in Reds, profit margin reducing and staying optimisic every morningā¦ Thinking, aaj kuch acha hogaš
So where are here, start to new week. But the story may not change this week too. The daily and technical charts shows weakness ahead. So stay cautious this week too and have patience
About market today, all set to start from where it left on Friday. May start in Negative today too. Market could test some new lows today of last few months..
Levels to keep eye on
Bearish above 23550 with heavy resistance at 23700
Bullish below 23300 and lf it breaks.. May go down to 22240 and below.
No support from US market as Dow Jones itself is 1.6% down and Asian markets are trading in negative.
Oil prices are making things tougher for markets as it hits 3 months high as US sanction hits Russia exports
Non stop dollar price makes things tougher for Indian markets too as US dollar prices crosses Rs 86.
Some big recommendations coming up by some big fundhouses for 20-70% returns are—-
PNB housing
CMp- 855
Tgt- 1520
Hyundai Motor
CMP- 1787
Tgt- 2155
LIC
CMP- 839
Tgt- 1215
Coal India
CMP- 368
Tgt
480
Economic Times has released few recommendations based on Stock Reports plus powered by Refinitiv for railway stocks. As per stats released they have given BUY for only one Railway stock ie RITES Ltd and HOLD for IRCTC. Rest all railways stocks are SELL recommendations like RVNL, IRCON, Railtel, IRFC.
So keep an eye on these stocks and recommendations.
Some good news wrt HMPV virus coming from China.
China has confirmed that cases of HMPV are on decline and this is not a new virus and has been in humans since last many decades.
Dmart is having bull Run since last week may have good day today too as Q3 climbs 5%
Just dial Q profits jumpe 43% . So expect a good momentum here too
Waree energies is to acquire 100% stake in Enel green for 792 cr. Big boost for share to move up.
If market has some happiness index it’s in Gold, which crossed 81200 yesterday and is now trading at 80610 levels. Silver is trading flat.
So stay cautious in market this week.
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.
