Experts advise purchasing five shares of stocks under ₹100 on Monday. IDBI Bank, IRB Infra, Paramount Communications, South Indian Bank, and Arihant Capital Markets
Under ₹100 stocks to purchase: The Indian stock market closed Friday's trading session lower for the third consecutive day due to a lackluster outlook for the global market ahead of Donald Trump's inauguration. The BSE Sensex plummeted 423 points and closed at 76,619, the Nifty 50 index ended 108 points lower at 23,203, and the Nifty Bank Index plummeted 722 points and concluded at 48,556. The Nifty Mid-cap 100 and the Nifty Small-cap 100 indices both rose 0.23% and 0.16%, respectively, for the fourth straight session, demonstrating the resilience of smaller firms. The advance-decline ratio was on the rise, while market breadth stayed favorable.Next week's stock market
Senior Technical Research Analyst Nagaraj Shetti of HDFC Securities discussed the prognosis for the Nifty 50 index, saying, "Despite range movement, the Nifty 50 index's short-term trend is still poor. The market could only see a resurgence of purchasing interest if there is a clear upside above 23400. At 23100, immediate assistance is provided.
"Bank Nifty opened with a gap down, witnessed selling pressure, and settled the day on a negative note at 48,541," stated Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, about the prospects for the Bank Nifty Index. Technically speaking, a large red candle has developed on the Bank Nifty daily scale, signifying weakness. On the down side, the index will have instant support at 47,900 levels. Nonetheless, the index stayed below the 49,910 levels that mark its 250-day Simple Moving Average (250-DSMA) obstacle. It is recommended that traders use a sell-on-bounce approach unless the Bank Nifty stays above 49,910.
"As the corporate earnings season for the third quarter is in full swing, domestic equities are expected to remain volatile with stock-specific action," Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, stated in reference to the triggers that could determine the Indian stock market next week. The December quarterly results and management commentary will be eagerly watched by investors. The following policy pronouncements and Donald Trump's inauguration as the 47th president of the United States on Monday, January 20, will have a significant effect on the mood of the world market. Zomato, Dixon, and Oberoi Realty on Monday, and Kotak Mahindra Bank over the weekend, are the main forthcoming Q3 results.
Stocks under 100 naira
On Monday, market experts Mahesh M. Ojha, AVP—Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities, suggested purchasing the following five shares: South Indian Bank, Arihant Capital Markets, IDBI Bank, IRB Infrastructure Developers, and Paramount Communications.
Shares of Sugandha Sachdeva should be purchased for less than 100 rupees.1] South Indian Bank: Purchase at 25.80, objective at 29.50, stop loss at 23.80; and
2] Arihant Capital Markets: Purchase at 89.30, aim for 93.60, and exit at 87.
[3] Mahesh M. Ojha's stock recommendations IDBI Bank: Purchase between ₹82 and ₹84, with goals of ₹88, ₹92, ₹95, and ₹98, and a stop loss of ₹78.
4] IRB Infrastructure Developers: Purchase between ₹53 and ₹54.50, with goals of ₹56, ₹58, and ₹60, and a stop loss of ₹51.80.
Monday 5: Anshul Jain's intraday stock Paramount Communications: Close at ₹74, buy at ₹76, aim at ₹81.
Senior Technical Research Analyst Nagaraj Shetti of HDFC Securities discussed the prognosis for the Nifty 50 index, saying, "Despite range movement, the Nifty 50 index's short-term trend is still poor. The market could only see a resurgence of purchasing interest if there is a clear upside above 23400. At 23100, immediate assistance is provided.
"Bank Nifty opened with a gap down, witnessed selling pressure, and settled the day on a negative note at 48,541," stated Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, about the prospects for the Bank Nifty Index. Technically speaking, a large red candle has developed on the Bank Nifty daily scale, signifying weakness. On the down side, the index will have instant support at 47,900 levels. Nonetheless, the index stayed below the 49,910 levels that mark its 250-day Simple Moving Average (250-DSMA) obstacle. It is recommended that traders use a sell-on-bounce approach unless the Bank Nifty stays above 49,910.
"As the corporate earnings season for the third quarter is in full swing, domestic equities are expected to remain volatile with stock-specific action," Siddhartha Khemka, Head of Research — Wealth Management at Motilal Oswal, stated in reference to the triggers that could determine the Indian stock market next week. The December quarterly results and management commentary will be eagerly watched by investors. The following policy pronouncements and Donald Trump's inauguration as the 47th president of the United States on Monday, January 20, will have a significant effect on the mood of the world market. Zomato, Dixon, and Oberoi Realty on Monday, and Kotak Mahindra Bank over the weekend, are the main forthcoming Q3 results.
Stocks under 100 naira
On Monday, market experts Mahesh M. Ojha, AVP—Research at Hensex Securities; Sugandha Sachdeva, Founder of SS WealthStreet; and Anshul Jain, Head of Research at Lakshmishree Investment and Securities, suggested purchasing the following five shares: South Indian Bank, Arihant Capital Markets, IDBI Bank, IRB Infrastructure Developers, and Paramount Communications.
Shares of Sugandha Sachdeva should be purchased for less than 100 rupees.1] South Indian Bank: Purchase at 25.80, objective at 29.50, stop loss at 23.80; and
2] Arihant Capital Markets: Purchase at 89.30, aim for 93.60, and exit at 87.
[3] Mahesh M. Ojha's stock recommendations IDBI Bank: Purchase between ₹82 and ₹84, with goals of ₹88, ₹92, ₹95, and ₹98, and a stop loss of ₹78.
4] IRB Infrastructure Developers: Purchase between ₹53 and ₹54.50, with goals of ₹56, ₹58, and ₹60, and a stop loss of ₹51.80.
Monday 5: Anshul Jain's intraday stock Paramount Communications: Close at ₹74, buy at ₹76, aim at ₹81.
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