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India VIX was down by 2.53% from 11.27 to 10.98 levels on Wednesday. Volatility cooled off and paved the way for the bulls to strengthen in the market. ....
Hemang Jani recommends investing in 360 ONE Wealth and BSE. He believes that 360 ONE Wealth has a compelling product offering and strong growth potential. He also suggests considering BSE due to the increasing cash market volume and traction in their F&O offering. In addition, Jani expresses confidence in PSUs such as NMDC and Coal India, as well as FMCG companies like DMart, Dabur, and Godrej Consumer Products. He also sees potential in Zomato. ....
Thus, projecting a target of 21,000 by December 2023 as it is price parity of the June-December 2022 rally (15,183-18,887) projected from March 2023 low of 16,828. "The seasonality pattern gels well with our price structure model and classical chart pattern projection of 20,700-21,000 in CY23. Meanwhile, strong support is placed at 18,700," the report said. ....