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Markets Today- 02 Jan 24
Perfect start to year 2025. As I said yesterday Indian Markets were on their own and without any external influence, Nifty crossed 23700 levels. The world markets enjoyed holiday and Indian market showed decent recovery here.
FII did Patricpate in market with very marginal amount of buying of 1230 cr and sell off by 3000 cr. And same couldn’t impact market. DII did net buy of plus 1700 cr.
But today we will be getting back to reality as all Asian Markets trade lower and Gift Nifty indicates a Negative Start to market
Market is likely to behave sideways today too. And based on market day ahead if all goes well can end in Green after a negative start.
And for market to end green, keep an eye on levels
Bullish above 23825
Bearish below 23620
Some good news from ur favorite stock holders which can move up ur stock today👇🏻
Tata motors is getting back into action slowly and steadily and today it announced incr in sales of 1% year on year of December sales of passenger veh. This will also have great impact on Q3 sales figure whenever they are out.
Railtel gets a new order worth 78 cr
Vodafone finally is launching 5G services in 75 cities.
On the new year few fund houses have released Mid cap stock BUY list which have strong potential to move up by 30% plus in 1 yr tgt
(Avg of minimum 7-15 buy recommendations)
EPL
Arvind Fashion
Med plus health
Balrampur chini
Navin Fluorine
Cello
Saaregama
Engineers India
Birlasoft
Greenlam ind
As far as Gold is concerned, the new tgt given by experts for yr 2025 is 90000 per 10 gm. An incr of approx 14% expected.
And today gold trades at 79200 levels. Silver trades flat without any much change in yesterdays figures.
So keep an eye on ur individual stocks as market may move sideways giving equal opportunity to BUY and SELL in various stocks.
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.
