V MART

Positive Breakout: V-Mart Retail and 4 other stocks cross above their 200 DMA

Retailers go easy on expansion as slowing consumption bites

India's top retailers, including Reliance Retail, Titan Company, Avenue Supermarts, V-Mart Retail, and Shoppers Stop, have slowed down their store expansion this fiscal year. The slowdown is attributed to a focus on profitability and a saturated market with limited room for new outlets. Jefferies reported that Reliance Retail has reduced retail business capex and store additions have decreased.

Positive Breakout: Orient Electric and 4 other stocks cross above their 200 DMA

Positive Breakout: Vedanta among 8 stocks that crossed above their 200 DMAs

3 stocks closed crossing above VWAP on December 20

Reliance Retail to come up with value apparel retail stores in tier 2, 3 towns

At present, Reliance Retail has a presence in smaller towns through the existing formats in apparel, grocery, electronics and telecom connectivity, but this is the first time they are setting up a dedicated format for small markets and expand it further into rural areas.

Nifty hits record highs, yet 9 stocks languish at least 40% below their 52-week highs

Apparel companies upbeat on demand revival

One of the largest apparel manufacturers Arvind's chief strategy officer Samir Agarwal told analysts a fortnight back that the inventory correction cycle, which was playing out for the last 2-3 quarters, has tapered off and its customers have begun fresh buying discussions. "Although they are going to buy in small lots and closer to the actual demand, those discussions have resumed," he said.

Big bullion sale: Gold shines amid festive fireworks

Demand for gold in the country increased about 7.7% by volume to an estimated 42 tonnes and 10% by value to ₹22,000 crore, according to the India Bullion and Jewellers Association (IBJA). Gold prices fell about ₹1,500 per 10 gm in two days to ₹60,400 per gm on Friday, helping drive sales.

Ahead of Market: 10 things that will decide D-Street action on Tuesday

Nifty on Monday formed a reasonable positive candle with a long lower shadow on the daily chart as it ended 94 points higher above the 19,140-mark.

Ahead of Market: 10 things that will decide stock action on Monday

"On the weekly charts, we can observe that the Nifty has respected the support zone of 18800 – 18925 where multiple support parameters in the form of the 40 week average and a crucial Fibonacci retracement level was placed. Thus, going ahead the Nifty can consolidate within 18800 – 19200 before resuming the next leg of the fall.

Ahead of Market: 10 things that will decide D-Street action on Friday

Nifty on Thursday ended 265 points down to end the monthly F&O expiry day close to its 200-DMA at 18830 and formed a long bear candle on the daily chart. With three successive long bear candles, the index has now formed three black crows on the charts which signal more trouble in the short term

Breakout Stocks: How investors should trade Prism Johnson, Adani Wilmar and V-Mart on Friday

Sectorally, selling was seen in auto, metals, oil & gas, and consumer durable stocks while buying was seen in utilities and power stocks

Ahead of Market: 10 things that will decide D-Street action on Thursday

The short-term trend of Nifty continues to be negative. Having placed at long-term support at the lows, there is a possibility of a small upside bounce from near 19100-19000 levels. A breakdown of 19000 is likely to open the next downside of 18600 levels in the near term. Any upside bounce from here could find strong resistance around 19250-19350 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

9 stocks held by at least 25 MFs declined 25-85% in CY23

On Friday's mutual fund analysis, ETMarkets focused on stocks with the poorest performance in the calendar year 2023, specifically those held by at least 25 MF schemes. Of approximately 411 stocks held by 25 or more MF schemes, 76 have posted negative returns in CY23 so far. The emphasis is on stocks that have experienced a significant decline of over 25%. Applying the metric we have listed out 9 stocks that fit the bill. Monitoring stocks that are held by a considerable number of mutual funds and have undergone substantial corrections is essential because mutual funds generally make their investment decisions after conducting thorough research. (Data Source: ACE MF, ACE Equity).

Ahead of Market: 10 things that will decide D-Street action on Friday

Nifty on Thursday ended 46 points lower to form a small green candle with an upper shadow on the daily chart and signalled buying interest at lower levels. Put writers were seen strengthening their position at 19,500 strike. If the index weakens further, it can find support around 19480-19450 levels and any upside bounce from here could encounter resistance around 19700 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Ahead of Market: 10 things that will decide D-Street action on Thursday

Indian equity indices declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns over elevated oil prices and US interest rates as well as the Middle East conflict.

Ahead of Market: 10 things that will decide D-Street action on Wednesday

Rupak De, Senior Technical analyst at LKP Securities, said, "The short-term trend remains strong as the index sustains above critical moving averages on the daily timeframe. A "buy on dips" strategy is favored as long as it remains above 19,550. On the higher end, it might move towards 20,000-20,200."

Ahead of Market: 10 things that will decide D-Street action on Tuesday

The NSE Nifty 50 index settled 0.10% lower at 19,732, and the S&P BSE Sensex fell 0.17% to 66,167

Ahead of Market: 10 things that will decide D-Street action on Monday

Rupak De, Senior Technical analyst at LKP Securities, said, "The bulls were able to protect the level of 19,600 during the day, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. The strength may continue as long as the index remains above 19,600. Only a decisive fall below 19,600 might trigger serious long unwinding in the market, till then a buy-on-dips strategy to favor the market. On the higher end, resistance is visible at 19,850; above this, the index might move towards 20,000."

Ahead of Market: 10 things that will decide D-Street action on Friday

The NSE Nifty 50 index settled 0.09% lower at 19,794, while the S&P BSE Sensex fell 0.10% at 66,408. The IT index fell 1.67%, with the top three companies TCS, Infosys and HCLTech losing nearly 2% each

Aether Industries, Rajesh Exports 1 more stocks trading in oversold zone

The Relative Strength Index (RSI) is a momentum oscillator that assesses the speed and magnitude of price movements. It is a key tool for identifying potential overbought or oversold conditions in a stock.

Add V-Mart Retail, target price Rs 2200: ICICI Securities

V-Mart Retail Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.