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Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Friday, July 25th 2022.

Upward and upward went Nifty — with absolutely no signs of hesitation.

# Nifty (+229, 17158).
# Sensex (+712, 57570)

The benchmark Nifty ended on a bullish note as jubilant investors took heart from this week’s signs that the Federal Reserve will slow down the pace of monetary tightening. The street is betting that rate hikes could slow down soon.

The positive takeaway was that the benchmark Nifty comfortably ended well above its 200 DMA at 17025. Many a momentum stocks too shined all-throughout the day. The buying stampede simply continued.

Long story short: All is well that ends well. Nifty ends the month of July with spectacular gains of 8.73%.


Riddhi Siddhi Share Brokres The key highlights of Friday’s trade:

# Bank Nifty ends 0.21% higher as against Nifty whopping gains of 1.28%.

# Nifty’s Major Gainers: SBI LIFE (+8.6%) TATA STEEL (+6.98%) HINDALCO (+5.59%)

# Nifty’s Major Losers: DR REDDYS LAB (-3.92%) KOTAK BANK (-1.14%) SBI (-0.73%) SBI (-0.20%)

# Adv-Dec 44 —— 6
# Nifty PCR 1.50
# BANK NIFTY PCR 1.11
# INDIA VIX 16.51 (-2.95%)
# Nifty MidCap (+1.27%, 8171)
# NiftySmallC (+1.70%, 9171)
# BANK Nifty (+0.32%, 37499)
# Nifty IT (+1.71%, 29152)
# USD/INR (-0.38%, 79.26)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR MONDAY’S TRADE:

Judging by today’s positive close, the simple strategy on the benchmark Nifty is to establish long positions and remain a buyer as long as Nifty trades above its biggest interweek support at 16450 mark.

Amongst stocks looking attractive on buy side are Aarti Industries, Balrampur Chinni, Bata IndiaM Balkrishna Industries and Chambal Fertiliser with an interweek perspective.

ALL ABOUT NIFTY:
Support: 16881/16450
Resistance: 17357/18117
Range: 16550-16850
21 DMA: 16297
50 DMA: 16137
200 DMA: 17025
Trend: Positive

BULLISH LOOKING STOCKS:
# BALRAMPUR CHINNI
# CHAMBAL FERTILISER
# AARTI INDUSTRIES

BULLISH LOOKING STOCKS (LONG TERM):
# TATA STEEL
# DEEPAK NITRITE
# BALKRISHNA INDUSTRIES

BEARISH LOOKING STOCKS:
# SYNGENE
# BIOCOBN
# BIOCON

STOCKS TO AVOID:
# GLENMARK
# SYNGENE
# BANDHAN BANK


Stay Tuned.


Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks