Are Indian Indices Stocks Falling This Week Too? Should You Be Concerned?

With the new week approaching us it’s time to know how the market is going to function. A lot of information regarding several stocks came in on Saturday and we are about to mention all that down below as well,

However, here’s what you should focus on when you’re thinking of trading in the market today!

Nifty’s facing a strong fall, Should you sell or buy?

The last session of Nifty fell strong. More downside moves are expected in the upcoming days. So keep your eyes open.

Sell around 18690 

Stop loss around 18750.

Target between 18620/18560

Bank Nifty faced strong rejection Friday, should traders be worried? 

Well, as per reports from our technical analysts, the last session of Bank Nifty faced a strong rejection from the upside. More downside trends are expected in the upcoming days.

Our recommendation:

Sell around 44250

Stop loss at 44550

The target should be kept between 43920/43700.

The trending stocks of the day:

Our technical analysts are keeping an eye on the latest stocks as the market unfolds. So here’s what you should be looking out for.

Sell ABFRL Futures!!

Sell below – 198

Stop loss – 206

Target – 190.

Sell JKCEMENT Futures!!

Sell below – 3232

Stop loss – 3314

Target between 3150/3000.

Top 8 Equity Picks of the Week:

Nifty Energy

You definitely should buy NTPC!!

Buy above 185 

Stop-loss 170 

Target 200 / 210.


Why don’t you buy JAGRAN?

Buy above 76 

Stop-loss 70 

Target 82.


Buy!! Buy!! Buy!! DIXON 

Buy above 4133 

Stop-loss 3845 

Target 4421.

Nifty FMCG

If you’ve got EMAMILTD, sell!! 

Sell below 376 

Stop-loss 420 

Target 352.

It’s so sweet, you can’t resist selling NESTLEIND  

Sell below 21600  

Stop-loss 22600 

Target 20600.

Nifty AUTO


Sell Around 3570 

Stop-loss 3890 

Target 3340 / 3040.



Sell around 576 

Stop-loss 598 

Target 554.



Sell below 1035  

Stop-loss 1082 

Target 988.

So what’s your stock pick for the day?

Trending News on Equity Outlook:

Nearly 5.78 million shares of the National Stock Exchange of India (NSE) changed hands in May at an average price of Rs 2,986.55 per share. In March and April, approximately 1.8 million and 7 million shares were traded, respectively. The turnover value for May reached Rs 1,645 crore.

The profitability of white goods and durable companies could improve because all major raw materials are in the deflation zone now. White goods and durables are expected to witness improvement in operating margin even when revenue growth might be muted in Q1 of FY24, highlighted ICICI Securities in a note.

Shares of One97 Communications, the operator of Paytm, gained over 3 per cent, a day after the Reserve Bank of India (RBI) approved the First Loss Default Guarantee (FLDG) programme

Shares of Zomato Ltd hit a fresh one-year high with the stock surging nearly 53 per cent in the last two months. The stock currently trades above its issue price of Rs 76 a share.

Investors are buying the stock because of a series of positive factors like improvement in earnings and the recent addition of the stock by Chris Woods of Jefferies in its long portfolio to two of his long-only portfolios, assigning a weight of 4 per cent each.

More information is on the way and we’ll be providing it to you daily.

Commodity Samachar
Learn and Trade with Ease