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Markets Today- 06 Jan 24
A new week ahead, a new day ahead..
Promising start to 2025 till now.. And what lies ahead in year is promising too.
Market is all set for Green opening today… A positive way to start the week
But lot depends on levels.. As u saw last trading session how. Nifty fought to stay above 24000 levels throughout the day… And finally ended above 24000 levels.
So today we look positive and look forward for Nifty breaking 24250 levels which is again a heavy upper resistance.
Levels for today
Bullish above 24060
Bearish below 23940.
Although Asian markets are trading mixed but Indian market is all set to open in green
Lots of action had happened in these last two days…. Which will have lots of positive momentum on following stocks today-
Airtel
Bank of Baroda
REC
Adani ports
Force motors
HDFC bank
NTPC green
Bank of India
UCO bank
As per many fund houses and experts year 2025 will be year of Large Caps… And do keep an eye on this recommendations of Experts while investing.
Big boyz are getting back..
To start with Reliance Industry… Nearly all fund houses have recommended strong but for reliance for good gains in short term
Similarly for HDFC bank which may see a huge momentum.
SBI and force motors too are seeing some heavy buy recommendations by fund houses.
Sleeping Giants may wake up this year which will surely impact the market upwards momentum
Alert
Citi financial Group has recommended strong SELL for TVS motors. They have given drop of share from 2482 (present rate) to 1700.
Morgan Stanley too has recommended a SELL on PNB with tgt of 95.
Likely price of ITC hotel price listing would be 120+ for those holding ITC shares.
Risk stock
One stock which is suddenly eyeing too much of BUY by FII is Gujarat Toolroom. A penny stock of Rs 18.98.
Some heavy momentum is likely here.. But please make ur own study and dont take this as buy recommendations.
Gold and Silver saw some minor corrections in last two days and Gold is now trading at 79700 levels.
RBI has increased gold purchase to mitigate revaluation risk to its foreign exchange stockpile and minimise currency volatility.
So keeping eye on all of above financial update.. Have a great time and week ahead…
May u all be in Green!!
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.
