Thursday Market Opening : Adani Stocks In Focus, RVNL, IOC, ITC To Rule The Day

Wednesday too did not bring any cheer for the investors as the market fell flat and closed in red. The NSE Nifty was down by 148. 45 points and closed at 21,517.

35, and the BSE Sensex was down by 535. 88 points to close at 71,356. 60.

The day did have its moments as Adani stocks saw an upward trend following the SC verdict. Experts say that Thursday too will continue to see a roller coaster movement so its important to keep a watchful eye. Bullish Momentum In These Stocks As per the momentum indicator MACD, there are some stocks that have been showing bullish signs for the market and can survive the tough winds.

These include Rail Vikas Nigam, ITC, Indian Oil Corporation and Easy Trip Planners. Rail Vikas Nigam has bagged big orders, strengthening its finances and is trading at Rs 185. 60 following a jump of 2.

65 per cent. ITC gained 1. 51 per cent, trading at Rs 477.

45. Indian Oil Corporation has been on a high and gained 1. 69 per cent, available at Rs 132.

75. In the last one year it has given 69. 97 per cent returns.

Easy Trip Planners is up by 1. 11 per cent and is trading at Rs 40. 90.

Top Gainers Of The Day That Closed On A High Note Here are some of the top gainers during Wednesday’s trading session that closed on a high note. These included Allcargo Terminals, Panacea Biotec, Borosil Renewables and Shriram Properties. Allcargo Terminals saw a gain of 20 per cent and is trading at Rs 63.

90. In the last five days, it has gained steadily at 21. 25 per cent.

Panacea Biotec was up by 9. 82 per cent and is available at Rs 189. 05.

In the last one month it has jumped 10. 59 per cent. Borosil Renewables gained 8.

78 per cent, trading at Rs 469. 50. In the last five days, it has gained 7.

68 per cent. Shriram Properties jumped 7. 62 per cent and is trading at Rs 131.

30. The 52-week high for this stock is Rs 131. 80.

Gold And Silver Prices For The Day 22k gold is priced at Rs 58,500 per 10 grams 24k gold is priced at Rs 63,820 per 10 grams Silver is priced at Rs 78,600 per kilogram. Market Experts’ Insights Prashanth Tapse, Senior VP (Research), Mehta Equities : Amidst a prevailing atmosphere of pessimism, the Nifty faces a challenging start to the new year, marked by significant volatility and profit-taking on Dalal Street. While the first three trading days reflect a downturn in equity, caution is advised against premature panic.

Wall Street’s continued decline, a dip in bets for early rate cuts by the Fed, and elevated yields on the US Treasury note contribute to the apprehension. The Nifty’s technical landscape sees bears capitalizing on overbought conditions, with key resistance at 22000 and support at 21307. The outlook is shadowed by anxiety over weak IT stock earnings.

Trading strategies involve cautious moves on Nifty and Bank Nifty, while bullish prospects are highlighted for ADANI PORTS, COAL INDIA, ZEE ENTERTAINMENT, and SBI. The recommended stock to buy is ZEE ENTERTAINMENT, with an interweek strategy based on a breakout play (All views expressed by experts are personal. Investments are subject to market risks and this article suggests you to invest wisely).