Page 4 - Divi Lab News Today

Get latest articles and stories on Business at LatestLY. The market dynamics indicated a challenging start, with a notable number of companies registering declines. In the Nifty index, only five companies showed advances, while a significant 45 companies faced declines. Business News | Stock Market Opens on a Downturn Amid Global Uncertainties.

The benchmark indices shrugged off weak global trend to recoup early losses to trade marginally high on gains in financial names

Investors remain on a wait-and-watch mode ahead of the start of the Q3 earnings season which is likely to provide fresh cues for market directions.

IT and pharma stocks wallowed in the pessimism list amid global and domestic headwinds, as per Moneycontrol’s Analyst Call Tracker for December.

Mileen Vasudeo says: “I am recommending two stocks here. One is Zydus Life which last time I had seen at Rs 730. Keep a stop loss of Rs 685, target would be Rs 769-797 levels. The second stock is by Divis Lab, currently trading at Rs 5,922. One can keep a stop loss of Rs 5,800 on the higher side. Yes, Rs 6,114-6,240 could be possible.”

It wont be business as usual for the next government or the ones that follow it. The world as we know it is changing dramatically for the worse

Gautam Shah says: “One has to be very stock specific in this market, but just ensure that you are in stocks which have high institutional interest because there is so much money coming into midcaps and smallcaps, Rs 8,000 crore every month, That will propel many of these stocks higher and they will get re-rated along the way.”

Gaurav Bissa says: “ Midcaps and smallcaps can see another 20-25% upside and may surpass that as well. These are buy-on declines and they are not very far off from breakout. From the lower point, we have seen a 50% upside. But 10-year, 12-year breakouts seen on monthly charts give you an additional leg of confidence that in this rally will not fizzle out very soon”.

“For one week or so, probably the market could be range-bound or and there is scope for some profit booking at this point. So, I am not very bullish, although the trend is going up but with less momentum. So there is some scope for profit booking. I do not see a lot of upside at this moment. I would be a little neutral at this point in time.”

Jay Thakkar says: “21,400 and thereafter 21,300 are the two crucial support levels for Nifty and if those levels are held, the probability of Nifty making a life high this week is quite high. 21,500 is an immediate resistance. It really needs to take off those levels, otherwise what will happen is Nifty may just consolidate this week within a price band of 21,300 to 21,600.”