Sensex ends choppy day 111 pts up; Mid-, small-cap indices hit record peaks

The BSE MidCap index touched a new record high level of 21,717 while the BSE SmallCap index hit 23,338

9:08 AM

Pre-open session

9:04 AM

Pre-open session

9:01 AM

Trading ideas by Vaishali Parekh of Prabhudas Lilladher

BUY IDFC FIRST BANK | CMP: Rs 57.25 | TARGET: Rs 65-70 | STOP LOSS: Rs 52

 

The stock has maintained a decent base near 54 levels in recent times and also has maintained above the significant 50EMA level of 55 to signify a good consolidation phase. It is also currently indicating a positive candle to improve the bias. The RSI also has shown a trend reversal to signal a buy and is showing strength in the stock for further upside move in the coming days. We suggest to buy and accumulate the stock for an upside target of 65-70 keeping the stop loss of 52. 

8:57 AM

Cipla in focus

8:54 AM

Stock recommendation by Angel Broking

NSE Scrip Code – JAMNA AUTO

View – Bullish

Last Close – Rs. 77.45

Justification – This auto-ancillary stock has been one of the rank outperformers over the past few months. We have been witnessing a series of higher highs higher lows in all time frame charts. Recently, most of the larger names within the ‘Auto’ universe have undergone a decent price correction; but this stock chose to move sideways rather than participating in the corrective phase. Now on Friday, it just took off and managed to traverse the recent congestion with an ease. Looking at the volume activity, we may see this stock knocking on the doors of the three digit mark very soon. For Momentum traders, we recommend buying on a dip towards 75 – 73 for a target of Rs.88 in coming days. The strict stop loss can be placed at Rs.69.

8:50 AM

Stock recommendation by Angel Broking

NSE Scrip Code – PEL
 

View – Bullish

Last Close – Rs. 1728.70

After seeing a spectacular recovery from March 2020 fiasco, the stock finally took a breather around the ‘200-SMA’ on the weekly chart. The stock prices underwent some time wise as well as price wise correction over the past three months. However looking at past few weeks’ price action, it appears that the stock has cemented its position around the previous breakout point of 1600. This coincided with the rock solid support zone of the weekly ’89-EMA’ as well. On Friday, we witnessed a first sign of strength as we saw a breakout on the smaller time frame charts. Looking at these evidences, we recommend going long for a target of Rs.1835 in coming days. The strict stop loss can be placed at Rs.1668.

8:46 AM

Top stocks to watch today

Tata Steel: The Tata group company will replace state-owned Oil and Natural Gas Corporation (ONGC) in the benchmark Sensex, the BSE announced on Friday. The change will become effective from June 21.

 

JSW Steel: The company on Friday posted a manifold jump in its consolidated net profit to Rs 4,191 crore for the quarter ended March 31, mainly on account of higher income. READ MORE

8:43 AM

Bulk deals on the BSE as on Friday

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8:39 AM

Bulk deals on the NSE as on Friday

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8:36 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:33 AM

Rupee check

Source: Bloomberg

8:30 AM

Oil check

8:28 AM

SGX Nifty alert

>> At 8:28 am, the index was 104 points down ar 15,122

8:14 AM

Asian markets check

Asian shares got off to a cautious start on Monday as investors anxiously awaited a key read on US inflation this week for guidance on monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed in slow trade. Japan's Nikkei added 0.1% while South Korea's Kospi shed 0.18% and Hong Kong's Hang Seng 0.22%.

8:04 AM

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