Photo Courtesy: businesstoday.in
Markets Today- 22 Jan 25
Q3 results of Stocks and Trumps mouth are now dictating the already Volatile market!!
Trump’s threat of 100% tariff on BRICS Nations including India took the toll on Indian Stock markets which was trading in green until 1100 hrs yesterday. A massive fall of 1.6% of sensex definitely shows market are gonna be on edge for some time ahead.
Post same FII carried on with their business of selling in Indian Markets and shares worth nearly 6000 cr were sold by FIIs yesterday.
Many decent results were declared yesterday, but the volatility took it’s toll on them too, Oberoi, Dixon etc were few of them
What lies ahead Today?
So after yesterday’s huge slump, market is all set for Opening in Green.
A very strong support lies at 22900 levels which if broken will bring another major breakdown.
But nifty above 23100 will give a good push upwards. And if no more news comes from US, and FIIs keeps their patience, market should end in Green today.
But remember on Monday itself experts had declared that this week will be highly volatile as Trumps swearing in will create massive impact on market. So do be cautious in taking positions this week. Sideways momentum is expected.
India VIX levels have risen to 17.06 creating more fear in markets.
US markets are celebrating Trumps swearing in as Dow Jones were 1.24% up and Asian markets are trading mixed.
Today some US based Indian ETF like NYSE Fang, S&P 500/100 gonna have massive jump today. Relish same if that’s part of ur portfolio.
Some stock updates which may push them higher–
Adani Energy receives it’s largest ever order of 25000 cr for transmission lines from Rajasthan to UP.
ICICi pru reports 43% yoy incr in profit
IOB reports 21% incr in net profit
PNB housing reported 43% yoy jump in net profit.
Railtel bags order from NW Railways.
Indiamart has been now downgraded to tgt of 1900.
Some BUY/SELL recommendations were shared yesterday based on Q3 results. To add to same.. Following stocks are recommended for Buy by Brokers…
Biocon
DAM capital
HDFC Bank
ONGC
SBI
Reliance Ind
Dalmia Bharat
NTPC
L&T
Jump in Gold prices were seen.. Gold is now trading at 82200 levels. Gold ETF have yeilded 5% returns in last one month .
Silver was trading marginally higher.
Advisory
Please dont react to markets… As it won’t react back to ur reaction… Just stay with ur regular and systematic investment plans made by you for long term investment in Stocks and MFs.
This volatility will never impact any long term investors… But yes traders and swing investment indls will have sleepless nights…
So just stay invested and dont look for stock bottoms… If u have good valuation and fundamentally strong stocks, just be relaxed.. Don’t panic!!
Remember Losses are never their in market till u sell!!! And vice a versa for Profits!!
Enjoy the volatility with ur strong and regular investment.
Happy investing!!
Indiamart has been now downgraded to tgt of 1900.
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.
