Latest After the Bell @ 4:00 PM – Monday, December 02nd, 2024 | Riddhi Siddhi Share Brokers
Market Wrap-Up by Riddhi Siddhi Share Brokers
- NIFTY: +145 (24276)
- SENSEX: +445 (80248)
- Bank Nifty: +53 (52109)
Nifty continues to scale higher, reflecting positive cues from Wall Street. Except for PSU Banks and FMCG, all sectoral indices ended in the green, led by the Realty sector, which surged by 3.04%.
Buzzing Stocks for the Day by Riddhi Siddhi Share Brokers
Top Index Gainers
- ULTRACEMCO (+3.82%)
- APOLLOHOSP (+3.45%)
- GRASIM (+3.06%)
- SHRIRAMFIN (+2.56%)
- JSWSTEEL (+2.53%)
Top Index Losers
- HDFCLIFE (-2.67%)
- NTPC (-1.46%)
- CIPLA (-1.36%)
- SBILIFE (-1.06%)
- HUL (-0.69%)
Key Market Indicators by Riddhi Siddhi Share Brokers
- Advance-Decline: 31–18
- INDIA VIX: 14.70 (+1.87%)
- NIFTY PCR (05th Dec): 1.18
- NIFTY PCR (26th Dec): 1.27
Sectoral Highlights by Riddhi Siddhi Share Brokers
- Nifty MidCap 50: +1.44% (15924)
- Nifty SmallCap: +1.04% (18845)
- Bank Nifty: +0.10% (52109)
- Nifty IT: +0.83% (43503)
- USD/INR: +0.22% (84.85)
Our View for Tuesday’s Trade at Riddhi Siddhi Share Brokers
Markets remain resilient, buoyed by strong domestic investor sentiment, despite FII selling pressures. Today’s second consecutive Nifty surge of 0.60% reflects selective bargain hunting and improving valuations.
Key Focus Areas:
- Monitoring FII data post today’s rally.
- Keeping an eye on short covering trends.
Technical Insights on Nifty (CMP: 24276):
- Immediate Resistance: 24355 & 25000
- Support Levels: 24051 & 23671
- Range: 24022–24275
Key Moving Averages:
- 21 DMA: 23996
- 50 DMA: 24644
- 200 DMA: 23664
Trend: Positive
Stock Recommendations by Riddhi Siddhi Share Brokers
Bullish Stocks for Short Term
- TATASTEEL
- JIOFIN
- IEX
Bullish Stocks for Long Term
- M&M
- POLYPLEX
- GREAVES COTTON
Bearish Stocks
- CIPLA
- SBILIFE
- GODREJCP
Stocks to Avoid
- CESC
- EICHERMOT
- ICICIPRULI
Disclaimer by Riddhi Siddhi Share Brokers
Investments and trading ideas shared are for educational purposes only. Stock market investments carry inherent risks, and past performance does not guarantee future returns. We recommend consulting with a SEBI-registered advisor for personalized financial advice.
Stay tuned for more insights from Riddhi Siddhi Share Brokers, your trusted partner in stock market investments.