Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM –Friday, August 23rd 2024

Nifty finishes just above the dotted lines but it also rings the bells of 2nd straight weekly gains

NIFTY (+12, 24823)
Sensex (+33, 81086)
Bank Nifty (-52, 50933)

# Nifty wavers in an uninspiring session but the good news is that it has ended in green for the second straight week.

# The street eagerly awaits the highly anticipated Jerome Powell's Jackson Hole speech on Friday at 8:30 PM IST.

# BankNifty continues to be an underperformer today and also for the week ended.

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
BAJAJ AUTO (+4.74%)
COALINDIA (+1.70%)
BHARTIARTL (+1.59%)
TATAMOTORS (+1.58%)
SUNPHARMA (+1.39%)

Top Index Losers:
LTIM (-1.27%)
WIPRO (-1.16%)
ONGC (-1.01%)
ASIANPAINTS (-1.21%)
TITAN (-0.93%)

# Adv-Dec 22—28
# INDIA VIX 13.55 (+4.23%)
# NIFTY PCR (29th Aug) 1.20

# Nifty MidCap 50 (-0.68%, 16463)
# NiftySmallC (-0.11%, 19079)
# BANK Nifty (-0.10%, 50933)
# Nifty IT (-1.00%, 41090)
# USD/INR (-0.06%, 83.90)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR MONDAY’S TRADE:

Nifty seen in top gear on backdrop of bullish candles on daily charts with next major hurdles at its all-time-high at 25078.30 mark.

Above Nifty 25078.30, there is a bright chance of short covering and probably even the most aggressive bulls rushing to revise their Nifty’s targets higher for a market that keeps raging on.

The line in the sand is at Nifty’s psychological support at 24500 mark and then all eyes will be on the biggest support make-or-break support at 24167 mark.

ALL ABOUT NIFTY:
Nifty (CMP: 24823)
Support: 24621/24301
Resistance: 25100/25500
Range: 24700-25000
21 DMA: 24538
50 DMA: 24276
200 DMA: 22365
Trend: Positive

BULLISH LOOKING STOCKS:
# LARSEN
# BHARTI AIRTEL
# JYOTI CNC

BULLISH LOOKING STOCKS (LONG TERM):
# TVS MOTORS
# HDFC AMC
# COAL INDIA

BEARISH LOOKING STOCKS:
# SUN TV
# OBEROI REALITY
# PAGE INDUSTRIES

STOCKS TO AVOID:
# PEL
# NAVIN FLOURO
# SAIL

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

Riddhi Siddhi Share Brokers Morning Action @ 7 AM – Friday, August 23rd 2024

# GIFT Nifty is treading water indicating the benchmark Nifty could lose steam the session pans out

# Blame it on weak global backdrop after a weak update on US manufacturing sends the market into risk-off mode.

RIDDHI SIDDHI SHARE BROKERS 7:00 AM GLOBAL UPDATE:
# GIFT Nifty ??: (-27, 24833)
# Dow Futures: (+53, 40766)
# Nasdaq 100 Futures (+77, 19569)

# Nikkei (-12, 38212)
# Hang Seng (-120, 17521)

# Dow Jones (-178, 40713)
# Nasdaq (-300, 17619)
# Bovespa (-1290, 135173).

RIDDHI SIDDHI SHARE BROKERS WHAT EXACTLY HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# New data in the US showed that initial jobless claims rose slightly more than expected halfway through August, magnifying growing concerns of a moderating labor market in the US following the 818,000 downward revision to nonfarm payrolls for the year ending in March.

# Data from the S&P PMI showed that the US private economy expanded sharply in August, albeit growth was solely carried by service providers.

# The markets are on the edge even after the FOMC Minutes indicated that the Federal Reserve is set to cut rates in September.

# All anxious eyes now turn to the biggest event this week: Jerome Powell's Jackson Hole speech on Friday at 10:00 AM ET.

# All eyes and ears will be tuned in to see if Powell:

1) Confirms a rate cut is coming in September
2) And if so, by how much
3) Or if it sounds like it may get postponed until November.

# According to the CME FedWatch Tool, Fed-funds futures now see a 73.5% chance of a 25 basis point cut in September, compared with a 26.5% chance of a 50 basis point cut.

# WTI Oil futures consolidates near $73 per barrel.

# COMEX Gold slip towards $2489 per ounce. Please note, Gold prices are up more than 20% for the year to date.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Thursday, August 22nd 2024

Nifty continues to creep higher for 5th day in a row

NIFTY (+41, 24812)
Sensex (+148, 81053)
Bank Nifty (+300, 50986)

# Risk-on theme dominates at Dalal Street as investors celebrate September rate cut as done deal.

# India VIX tumbles 2.44% to 13.01 levels..

# Long story short: Optimism is on the rise with each passing session at Dalal Street as investors' hopes are high for a rate cut in September by the Fed!

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
GRASIM (+2.65%)
TATACONSUM (+2.42%)
BHARTIARTL (+1.60%)
APOLLOHOSP (+1.37%)
TATASTEEL (+1.37%)

Top Index Losers:
WIPRO (-1.37%)
NTPC (-1.25%)
TATAMOTORS (-1.22%)
M&M (-1.21%)
DRREDDY (-1.17%)

# Adv-Dec 27—23
# INDIA VIX 13.00 (-2.48%)
# NIFTY PCR (29th Aug) 1.32

# Nifty MidCap 50 (+0.80%, 16575)
# NiftySmallC (+0.17%, 19100)
# BANK Nifty (+0.59%, 50986)
# Nifty IT (-0.16%, 41506)
# USD/INR (+0.01%, 83.95)

Riddhi Siddhi Share Brokers OUR VIEW FOR THURSDAY’S TRADE:

Nifty seen in top gear on backdrop of bullish candles on daily charts with next goalpost at its all-time-high at 25078.30 mark.

Above Nifty 25078.30, we suspect even the most aggressive bulls will rush to revise their Nifty’s targets higher for a market that keeps raging on.

The line in the sand is at Nifty’s psychological support at 24300 mark and then all eyes will be on the biggest support make-or-break support at 24167 mark.

ALL ABOUT NIFTY:
Nifty (CMP: 24808)
Support: 24621/24301
Resistance: 24907/25100
Range: 24650-25000
21 DMA: 24519
50 DMA: 24245
200 DMA: 22336
Trend: Positive

BULLISH LOOKING STOCKS:
# LARSEN
# JINDAL STEEL & POWER
# NTPC

BULLISH LOOKING STOCKS (LONG TERM):
# TVS MOTORS
# HDFC AMC
# COAL INDIA

BEARISH LOOKING STOCKS:
# SUN TV
# OBEROI REALITY
# INDIA MART

STOCKS TO AVOID:
# PEL
# NAVIN FLOURO
# SAIL

Disclaimer This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Friday, August 16th 2024

Bulls back with a bang as Nifty ends above psychological 24500 mark

NIFTY (+397, 24541)
Sensex (+1331, 80437)
Bank Nifty (+790, 50517)

# Nifty breaks its 2-week losing streak as it comfortably ends above psychological 24500 mark!

# Traders anticipate a bigger a half-point interest rate cut in September rather than a quarter-point cut.

# Long story short: Keep your Nifty 25000 cap ready again!

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
WIPRO (+4.23%)
TECHM (+3.98%)
GRASIM (+3.65%)
M&M (+3.45%)
TATAMOTORS (+3.36%)

Top Index Losers:
DIVISLABS (-0.62%)
SBILIFE (-0.07%)
DRREDDY'S (-0.02%)

# Adv-Dec 47—03
# INDIA VIX 14.40 (-6.74%)
# NIFTY PCR (22nd Aug) 1.19
# NIFTY PCR (29th Aug) 1.37

# Nifty MidCap 50 (+1.94%, 16232)
# NiftySmallC (+1.93%, 18437)
# BANK Nifty (+1.59%, 50517)
# Nifty IT (+2.82%, 40851)
# USD/INR (-0.003%, 83.97)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR MONDAY’S TRADE:

From here on, the street will spy with one big eye on the US September jobs report to be wired on September 6th.

Hopefully, this September unemployment report gets the Fed to cut interest rates by 50 basis points. Fingers crossed.

Technically, Nifty will look to recapture its psychological 25000 mark.

Nifty’s biggest support and downside risk could be at 24080 mark.

Nifty’s 200 DMA at 22223 mark.

ALL ABOUT NIFTY:
Nifty (CMP: 24541)
Support: 24341/24175
Resistance: 24721/25001
Range: 24375-24681
21 DMA: 24493
50 DMA: 24108
200 DMA: 22223
Trend: Positive

BULLISH LOOKING STOCKS:
# ASHOKLEY
# GLENMARK
# M&M

BULLISH LOOKING STOCKS (LONG TERM):
# TVS MOTORS
# BALRAMPUR CHINNI
# BAJAJ AUTO

BEARISH LOOKING STOCKS:
# MRF
# VOLTAS
# MANAPPURAM

STOCKS TO AVOID:
# PEL
# NMDC
# PVR INOX

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

Riddhi Siddhi Share Brokers Morning Action @ 7 AM – Friday, August 16th 2024

# Gifty Nifty takes over the positive baton from a strong finish at Wall Street in last two-trading sessions.

# Interestingly, the S&P 500 and Nasdaq Composite extend their winning streaks to six days in a row.

# Technically, all bullish eyes on Nifty biggest hurdles at 24497-24630 zone.

RIDDHI SIDDHI SHARE BROKERS 7:00 AM GLOBAL UPDATE:
# GIFT Nifty ??: (+175, 24320)
# Dow Futures: (+10, 40573)
# Nasdaq 100 Futures (-3, 19487)

# Nikkei (+898, 37625)
# Hang Seng (+177, 17286)

# Dow Jones (+409, 39766)
# Nasdaq (+407, 17188)
# Bovespa (+1282, 132398).

RIDDHI SIDDHI SHARE BROKERS WHAT EXACTLY HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Here are some good news:

1) Strong Wall Street cues.

2) The US CPI which increased 0.2% in July vs the prior month has solidified expectations the Federal Reserve will start cutting interest rates at its next meeting in September.

3) A stronger-than-expected US retail sales figure have also eased investors' concerns about a potential recession in the US.

# Bottom-line: From here on, the street will spy with one big eye on the US September jobs report to be wired on September 6th.

Hopefully, this September unemployment report gets the Fed to cut interest rates by 50 basis points. Fingers crossed.

# WTI crude futures trade steady at $77.95 a barrel.

# COMEX Gold trades with positive bias, now at $2,458.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Wednesday, August 14th 2024

Nifty's sluggish movement for the day puts even a tortoise to shame

NIFTY (+05, 24144)
Sensex (+150, 79106)
Bank Nifty (-105, 49727)

# Nifty wavered in an uninspiring session. The benchmark Nifty was also uninspired by latest WPI inflation which cooled to 3-month low of 2.04% in July as food prices declined.

# The benchmark Nifty was also uninspired by latest WPI inflation which cooled to 3-month low of 2.04% in July as food prices declined.

# Barring IT, all the other sectoral indices ended in red with Nifty Metal Index falling down by over a percent yet again.

# Long story short: A listless session ahead of US CPI Inflation data release.

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
TCS (+2.29%)
HCLTECH (+1.96%)
TECHM (+1.47%)
INFY (+1.25%)
M&M (+1.16%)

Top Index Losers:
DIVISLABS (-4.03%)
HEROMOTOCORP (-3.17%)
COALINDIA (-3.00%)
ULTRACEMCO (-2.35%)
DRREDDY (-2.14%)

# Adv-Dec 24—26
# INDIA VIX 15.43 (-4.53%)
# NIFTY PCR (22nd Aug) 0.82
# NIFTY PCR (29th Aug) 0.84

# Nifty MidCap 50 (-7.76%, 13762)
# NiftySmallC (-0.76%, 15933)
# BANK Nifty (-0.21%, 49727)
# Nifty IT (+1.50%, 39702)
# USD/INR (-0.02%, 83.98)

Riddhi Siddhi Share Brokers OUR VIEW FOR FRIDAY’S TRADE:

The US CPI Inflation numbers will be closely watched on Wednesday, August 14th. The bulls will keenly watch if the inflation figures cool further to make room for more rate cuts by the Fed this year.

Now, here is a gentle reminder that this Thursday, August 15th, our stock markets will remain closed on account of Independence Day celebration

After yesterday’s unwinding of long positions, the price action at Dalal Street was listless in today’s trade.

If today’s wavering price action at Dalal Street is any indication then the short-term technical outlook for Nifty remains in favor of bears.

Technically, confirmation of strength only above Nifty’s 21 DMA at 24497 mark.

Nifty’s biggest support and downside risk could be at 23630 mark.

Nifty’s 200 DMA at 22195 mark.

ALL ABOUT NIFTY:
Nifty (CMP: 24144)
Support: 23891/23630
Resistance: 24359/24630
Range: 23900-24400
21 DMA: 24496
50 DMA: 24055
200 DMA: 22195
Trend: Neutral

BULLISH LOOKING STOCKS:
# AUROBINDO PHARMA
# NAUKRI
# BHARTI AIRTEL

BULLISH LOOKING STOCKS (LONG TERM):
# TVS MOTORS
# BALRAMPUR CHINNI
# BAJAJ AUTO

BEARISH LOOKING STOCKS:
# BHEL
# DR REDDYS LAB
# AU BANK

STOCKS TO AVOID:
# PEL
# NMDC
# PVR INOX

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Friday, August 09th 2024

Nifty stages a massive rebound but it fails to end the week in green

NIFTY (+251, 24368)
Sensex (+820, 79706)
Bank Nifty (+328, 50485)

# Nifty rebounded well on back of positive overnight Wall Street cues

# The benchmarks were seen avoiding all the negative chatter about recession in the US, tensions in Middle East etc.

# It was an all around rally where all the sectoral indices and broader markets ended in green as well.

# India VIX too ended 7.65% higher at 15.33.

# However, on weekly basis, Nifty ended in red for 2nd straight week.

# Long story short: A relief rally seen but confirmation of strength still pending.

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
EICHERMOT (+5.68%)
M&M (+3.05%)
SHRIRAMFIN (+2.88%)
TATAMOTORS (+2.81%)
TECHM (+2.63%)

Top Index Losers:
HDFCLIFE (-1.09%)
KOTAKBANK (-0.16%)
MARUTI (-0.12%)
SUNPHARMA (-0.10%)

# Adv-Dec 45—04
# INDIA VIX 15.33 (-7.65%)
# NIFTY PCR (14th Aug) 0.81
# NIFTY PCR (29th Aug) 1.47

# Nifty MidCap 50 (+0.78%, 16177)
# NiftySmallC (+0.58%, 18413)
# BANK Nifty (+0.65%, 50485)
# Nifty IT (+1.50%, 39025)
# USD/INR (-0.02%, 83.98)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR MONDAY’S TRADE:

Despite a negative close on weekly basis, we suspect the benchmarks have gathered enough momentum to capitalize on in Monday's session.

The street is banking on a 50-basis point rate cute (Double rate-cut) by the US Fed in its September meeting.

Technically speaking, 24650 is now a key hurdle that needs to be captured for bulls to completely declare their victory. Key intraday support now seen at 24117.

ALL ABOUT NIFTY:
Nifty (CMP: 24368)
Support: 24117/23891
Resistance: 24650/24825
Range: 24245-24521
21 DMA: 24533
50 DMA: 23968
200 DMA: 22121
Trend: Positive

BULLISH LOOKING STOCKS:
# NATIONALUM
# TATAMOTORS
# ASIANPAINTS

BULLISH LOOKING STOCKS (LONG TERM):
# ZYDUSLIFE
# DRREDDY'S
# SENCO GOLD

BEARISH LOOKING STOCKS:
# CONCOR
# BALKRISHIND
# APOLLOTYRE

STOCKS TO AVOID:
# UBL
# PVR INOX
# ZEE ENTERTAINMENT

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.

Riddhi Siddhi Share Brokers Morning Action @ 7 AM – Friday, August 9th 2024

# This Friday morning, the bulls are everywhere!

# Overnight at Wall Street, the S&P 500 notched its best day since 2022

# In early action, Gift Nifty is taking over the positive baton courtesy of bargain hunters and as value buying also seen boosting sentiments.

RIDDHI SIDDHI SHARE BROKERS 7:00 AM GLOBAL UPDATE:
# GIFT Nifty ??: (+253, 24353)
# Dow Futures: (-33, 39413)
# Nasdaq 100 Futures (-21, 18391)

# Nikkei (+509, 35330)
# Hang Seng (+205, 17097)

# Dow Jones (+683, 39446)
# Nasdaq (+464, 16660)
# Bovespa (+1147, 128661).

RIDDHI SIDDHI SHARE BROKERS WHAT EXACTLY HAPPENED AT WALL STREET IN OVERNIGHT TRADE:

# Wall Street jumps out of the gate in Thursday’s session and most importantly, stayed solidly higher through the close.

# The positive catalyst: Labour-market data calmed recession fears.

# In economic news, data from the Department of Labor showed initial jobless claims fell by 17,000 last week to 233,000, more than economists were expecting.

# At the close, the Dow Jones Industrial Average gained 1.8% to 39,446, the S&P 500 rose 2.3% to 5,319, and the Nasdaq Composite added 2.9% to 16,660.

# WTI crude futures improve now at $76.16 a barrel.

# COMEX Gold trades with positive bias, now at $2,424.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Thursday, August 8th 2024

Nifty fails to capitalize on yesterday's rebound; ends on a nervous note

NIFTY (-181, 24117)
Sensex (-582, 78886)
Bank Nifty (+38, 50157)

# Nifty yesterday's optimism was short-lived as negative global cues and a hawkish RBI opened gates for the bears to pounce. However, BankNifty managed to end somehow above the dotted lines; thus ending the day in green.

# RBI left repo rates unchanged for the ninth consecutive time as it held onto their goal to bring inflation below 4% target.

# India VIX too ended 2.67% higher at 16.60.

# Long story short: Nifty is not completely out of the woods yet.

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
TATAMOTORS (+1.63%)
HDFCLIFE (+1.57%)
SBILIFE (+1.22%)
CIPLA (+1.06%)
HDFCBANK (+1.03%)

Top Index Losers:
LTIM (-4.09%)
GRASIM (-3.60%)
ASIANPAINTS (-3.37%)
APOLLOHOSP (-3.09%)
INFY (-2.94%)

# Adv-Dec 09—41
# INDIA VIX 16.60 (+2.67%)
# NIFTY PCR (14th Aug) 0.66
# NIFTY PCR (29th Aug) 1.42

# Nifty MidCap 50 (-0.12%, 16058)
# NiftySmallC (-0.40%, 18309)
# BANK Nifty (+0.075%, 50157)
# Nifty IT (-1.95%, 38429)
# USD/INR (-0.003%, 84.00)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR FRIDAY’S TRADE:

Technically speaking, key support to watch out for tomorrow at 24080 mark. Major support seen at 23721. If 23721 breaks, expect waterfall of selling towards 23321 mark.

ALL ABOUT NIFTY:
Nifty (CMP: 24117)
Support: 24080/23888
Resistance: 24341/24555
Range: 24099-24265
21 DMA: 24531
50 DMA: 23935
200 DMA: 22097
Trend: Neutral

BULLISH LOOKING STOCKS:
# GMRINFRA
# TATAMOTORS
# ALKEM

BULLISH LOOKING STOCKS (LONG TERM):
# ZYDUSLIFE
# DRREDDY'S
# SENCO GOLD

BEARISH LOOKING STOCKS:
# RELIANCE
# VOLTAS
# GRASIM

STOCKS TO AVOID:
# UBL
# PVR INOX
# ZEE ENTERTAINMENT

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks

Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Friday, August 2nd 2024

Nifty fails to retain previous day's gains. Not only that, it also breaks 8-week winning streak.

NIFTY (-293, 24718)
Sensex (-886, 80982)
Bank Nifty (-214, 51350)

# Nifty hits panic button on the last trading day of the week after a spectacular rally owing to to a weak manufacturing data from the US.

# All the sectoral indices except Pharma, ended in red.

# Broader markets were down as well, in-line with Nifty’s fall.

# Also, India VIX shot up by 10.75%, ending at 14.32

# Long story short: Recession fears re-emerge after weak US Manufacturing numbers.

# BUZZING STOCKS FOR THE DAY:

Top Index Gainers:
DIVISLABS (+1.74%)
HDFCBANK (+1.17%)
DRREDDY'S (+0.84%)
SUNPHARMA (+0.80%)
BRITANNIA (+0.63%)

Top Index Losers:
EICHERMOT (-5.15%)
TATAMOTORS (-4.32%)
MARUTI (-4.06%)
JSWSTEEL (-3.91%)
HINDALCO (-3.89%)

# Adv-Dec 08—42
# INDIA VIX 14.31 (+10.75%)
# NIFTY PCR (08th Aug) 0.64
# NIFTY PCR (29th Aug) 1.43

# Nifty MidCap 50 (-1.37%, 16280)
# NiftySmallC (-0.77%, 18804)
# BANK Nifty (-0.41%, 51350)
# Nifty IT (-2.50%, 39691)
# USD/INR (+0.02%, 83.83)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR MONDAY’S TRADE:

The street will react to today's US Non-farm payroll numbers releasing in the evening. Federal Reserve will definitely refer to these numbers and to the US inflation numbers releasing next week, before announcing their 1st rate cut this year.

Technically speaking, 25000 mark has now become a psychological hurdle and confirmation of strength only above that. Till then, staying nimble on long positions is the preferred strategy.

ALL ABOUT NIFTY:
Nifty (CMP: 24718)
Support: 24631/24425
Resistance: 25000/25251
Range: 24642-24826
21 DMA: 24575
50 DMA: 23840
200 DMA: 22010
Trend: Neutral

BULLISH LOOKING STOCKS:
# IEX
# NAUKRI
# AUROPHARMA

BULLISH LOOKING STOCKS (LONG TERM):
# GMRINFRA
# DRREDDY'S
# PIIND

BEARISH LOOKING STOCKS:
# UPL
# CUMMINS
# GODREJPROP

STOCKS TO AVOID:
# AU BANK
# PVR INOX
# ZEE ENTERTAINMENT

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks.