With India VIX jumping 43% in May, market participants are advised to be cautious and adopt a wait and watch policy. Senior Vice President-Equity at Angel One, Aamar Deo Singh, recommends focusing on quality stocks with a longer-term perspective in an SIP mode. He discusses the impact of the election results, upcoming levels to watch, earnings performance, and suggests options for investors and traders in various sectors. Singh also gives insights into regulatory actions and the trend in PSU stocks, defence sector, smallcaps and microcaps, and specific stock recommendations.
Nifty faces resistance around Mt 22K. HDFC Bank ADRs drop over 2% post Q3 results. American investment firm sells 1.5% stake in Indigo Paints. US stocks open lower as Tesla, Apple weigh. ICICI Securities Q3 Results: Profit jumps 66% to Rs 466 crore. Capital Small Finance Bank, Krystal Integrated Services get Sebi’s nod to float IPOs. Nifty Bank forms ‘Doji’ candle on Tuesday; immediate support seen at 47800.
Nifty on Friday posted its fourth straight weekly loss and is likely to find support at 19,250 – 19,295 levels. Technical analysts say Maruti, Max Financial, Escorts, ACC, Ambuja Cement, Eicher Motor, Bharat Forge, MRF, Axis Bank, Dixon, IDFC First, and Zee have positive set-ups.
