Tuesday At Market: Gillette Glides Smoothly, EaseMyTrip, MMTC On A Bull Ride

The new trading week opened on a dull note and closed in red. The NSE Nifty declined 197. 80 points to close at 21,513, while the BSE Sensex was down 670.

93 and closed at 71,355. 22. However, experts look at the market with a positive view as both FIIs and DIIs were net buyers and say that some stocks still can manage good returns.

Bullish Momentum In These Stocks The momentum indicator MACD has given indications about some stocks that have been showing bullish signs for the market. These include GMR Airports Infrastructure, Easy Trip Planners, MMTC and Indiabulls Real Estate. GMR Airports Infrastructure is trading at Rs 87.

10 following a jump of 3. 81 per cent. Easy Trip Planners gained 4.

71 per cent, trading at Rs 43. 35. MMTC gained 4.

79 per cent, and is available at Rs 66. 75. In the last one year it has given 83.

88 per cent returns. Indiabulls Real Estate is up by 1. 49 per cent and is trading at Rs 98.

80. Top Gainers Of The Day That Closed On A High Note Here are some of the top gainers during Monday’s trading session that closed on a high note. These included Trident, Jbm Auto, Gillette India and Garware Technical Fibres.

Trident saw a gain of 19. 93 per cent and is trading at Rs 49. 05.

In the last five days, it has gained steadily at 34. 20 per cent. Jbm Auto was up by 11.

49 per cent and is available at Rs 1,894. 10. In the last one month it has jumped 40.

89 per cent. Gillette India gained 8. 56 per cent, trading at Rs 7,220.

In the last five days, it has gained 11. 60 per cent. Garware Technical Fibres jumped 9.

58 per cent and is trading at Rs 3,709. The 52-week high for this stock is Rs 3,788. 85.

Gold And Silver Prices For The Day 22k gold is priced at Rs 57,800 per 10 grams 24k gold is priced at Rs 63,050 per 10 grams Silver is priced at Rs 76,400 per kilogram. Market Experts’ Insights Prashanth Tapse, Senior VP (Research), Mehta Equities : Yesterday’s session at Dalal Street was unsettling for perma-bulls as the market dropped sharply. Market sentiments were rattled by Nifty’s downturn, driven by inflationary concerns highlighted in Friday’s US jobs data.

Futures traders now project a 62 per cent chance of a Federal Reserve interest rate cut in March. Despite the gloom, there are positive notes – both FIIs & DIIs were net buyers, and WTI crude futures dropped 3. 5 per cent due to Saudi Arabia’s price cuts and increased OPEC output.

Technically, Nifty faces support at 21307, with upside hurdles at 21715, while Bank Nifty’s major intraday support is at 46919. Nifty’s options data suggests a range of 21300-21700. Looking ahead, the focus shifts to US CPI data and India’s inflation numbers this week.

TCS & INFY kick off Q3 earnings season on January 11th. Preferred trades: Buy Nifty at CMP with a stop at 20901, targets at 21715/21836. Buy Bank Nifty between 46900-47000 with a stop at 46651, targets at 48636/49000.

The chart of the day is bullish on ZOMATO, ADANI PORTS, COAL INDIA, and INDIGO. The top pick is ZOMATO (CMP 133) with a target range of 141/163 and aggressive targets at 201, accumulating at CMP and on dips between 103-109 with a stop below 89 for a 12-15 month holding period. (All views expressed by experts are personal.

Investments are subject to market risks and this article suggests you to invest wisely).