Unbelievable Stock Market Predictions! Don’t Miss These Explosive Opportunities!

The Indian stock market is poised for trading on Monday, influenced by a mixed global market environment. Last Friday, the S&P BSE Sensex recorded substantial gains, rising by more than 200 points, while the Nifty50 index closed above the 19800 level.

During the previous session, the India VIX (Volatility Index) decreased by 0.83%, moving from 10.87 to 10.78 levels. This consistent decline in volatility over the past three weeks has provided confidence to investors seeking opportunities during market downturns.

According to Chandan Taparia, an Analyst specializing in Derivatives at Motilal Oswal Financial Services Limited, options data indicates a shift in the higher trading range, now spanning from 19500 to 20200 zones, with an immediate trading range between 19600 and 20000 zones.

Taparia noted that the Nifty index displayed a bullish candlestick pattern on the daily timeframe on Friday, and it has been forming higher highs for the past six sessions. Additionally, a strong bullish candle was formed on the weekly timeframe, negating the lower lows seen over the past four weeks. To maintain this positive momentum, the index needs to remain above the 19750 level for a potential upward move towards 19991 and then 20000 zones, with support levels at 19650 and 19600 zones.

Here are some stock recommendations from market experts:

  1. Dalmia Sugar: Buy with a target price of Rs 447 and a stop loss at Rs 403.
  2. Hero MotoCorp: Buy with a target price of Rs 3220 and a stop loss at Rs 2900.
  3. HDFC Bank: Buy with a target price of Rs 1740 and a stop loss at Rs 1568.
  4. RIL (Reliance Industries Limited): Buy with a target price of Rs 2620 and a stop loss at Rs 2365.

Kunal Bothra, a market expert, shared the following recommendations on ETNow:

  1. Havells India: Buy with a target price of Rs 1500 and a stop loss at Rs 1415.
  2. IOC (Indian Oil Corporation): Buy with a target price of Rs 104 and a stop loss at Rs 90.
  3. CESC: Buy with a target price of Rs 104 and a stop loss at Rs 87.

Another expert, Nooresh Merani, an independent technical analyst, may have provided further insights, but the content you provided is incomplete.

Leave a Comment