Kshitij Anand

Stocks like Motilal Oswal, Nippon Life, and D-Mart showcased strong performance, aiming for specific resistance levels. Positive market closure with sectoral variations observed.

HUL dropped 20% from July 2023 highs, near oversold levels. Experts suggest buying with stop loss at 2050 for 2400-2500 target. Stock at support zone, anticipating higher bottom formation.

Amit Goel says Indian stocks are one of the greatest bubbles ever in the history of global capital markets. He anticipates that over the next 3-4 years, huge downsides are going to open up in Indian equities. Goel advises diversifying from Indian equities to other asset classes amid market volatility. He recommends a macro top-down strategy for better protection and returns.

Pawan Baraddia's Equitree fund focuses on high-growth businesses with strong moats. Despite the market corrections, the fund consistently outperformed, delivering 55.33% TWRR. Expecting a bullish market in FY25 with sector rotations and wealth creation through stock picking. Baraddia says "we believe that FY25 will be a year of ground-up stock picking for wealth creation and not a broad-based rally in the markets."

Samvardhana Motherson Intl Ltd surged 80% with strong momentum, eyeing Rs 160-175 target. Ascending Triangle breakout, RSI at 69.5. Derivatives expert suggests support at 110. Options chain analysis indicates strong support.

The Nifty Bank witnessed value buying at lower levels for the second consecutive day in a row, but it failed to hold on to the 48,000 mark. The index is likely to face stiff resistance around 48K marked by the highest Call open interest (OI), suggest experts.

The S&P BSE Sensex rose 560 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in capital goods, consumer durables, public sector, and healthcare stocks while selling was seen in utilities.

The stock gave a break down from 1,900-2,000 levels in September 2023 and since then it has seen a timewise and price-wise correction. It found support above 1,600 levels. The garment stock finally broke out from the range as it closed above 2,000 levels. It closed at Rs 2,011 on April 19, 2023. It rallied over 6% in a week.

Nimesh Chandan from Bajaj Finserv AMC sees India as a secure long-term investment. Despite potential corrections, the equity market is optimistic. While geopolitical risks and economic slowdowns could impact FY25, but SIP contributions and precious metals show promise. Chandan says: "Midcaps and smallcaps as a category are 20%-25% above their fair value zone. Corrections are part of any bull market and hence can come in anytime."

Indraprastha Gas fell 28% from record high but correction expected. Traders advised buying for Rs 530-560 target. Clean energy focus. Stock shows signs of bullish trend with support at lower channel.