Market was on downtrend last week. Nifty 500 index broke previous week low and went down further. FIIs sold shares worth Rs 17k crore in cash market and increase their short positions in derivatives market from 2.2 lakh short contracts to 2.7 lakh contracts.
Q3 results season is on. TCS delivered some good number and stock price had good gains. Infosys also created new ATH. In coming week in FnO stocks Dmart, HCL Tech, Angel One, HDFC AMC, HDFC Life, OFSS, LTTS, Reliance, Infosys, Axis Bank, LTIM, Havells, Wipro, Tech Mahindra, SBI Life, ICIC Lombard General Insurance will declare their results by 17 Jan 2025
Two stock where trades could be planned for next week are
1) TCPLPACK – LTP 3258. Buy above 3355 for a target of 3680 and SL below 3150
2) JSW Energy – LTP 539. Buy above 560 if rebounds. Target above 620 and SL below 530
Please read the attached report for more details
Trading Pulse 103