Indian Stock Market Trends and Predictions for Monday, April 19

Technical Research Analysts Have Positive Views on Nifty Market with Upside Targets of 18,200 Levels

Technical research analysts from HDFC Securities and SAMCO Securities have a positive view on the Nifty market for Monday, April 19. The analysts are predicting that the Nifty will see an upside target of 18,200 levels and has a support level of 17,700. The expectation is that the bull trend will continue with a buy-on-dips strategy.

Bank Nifty Market Could See Huge Short Covering Rally

Founder & CEO at Hedged predicts that there could be a huge short covering rally in the Bank Nifty market on Monday. With an immediate target of 400-500 points on the upside, this prediction suggests that investors who act quickly may be able to profit from this rally.

Four Day Trading Stocks Recommended by Stock Market Experts

Stock market experts have recommended four day trading stocks for Monday: Adani Ports, Punjab National Bank (PNB), SBI Card, and Lupin. While each stock has its own unique advantages, investors should carefully consider their options before making any purchases.

Sumeet Bagadia’s Top Picks for Day Trading Stocks

Sumeet Bagadia is an experienced trader who has been following the Indian equity market closely. For Monday’s trading session, he recommends Adani Ports and PNB as his top picks. He provides specific buy, target, and stop-loss prices for these stocks.

Ganesh Dongre Recommends Four Day Trading Stocks

Another expert in the field is Ganesh Dongre who also recommends Adani Ports, PNB, SBI Card, and Lupin as day trading stocks for Monday. While he does not provide specific buy, target, and stop-loss prices like Bagadia, his endorsement of these stocks is another indication that they may perform well in Monday’s market.

SGX Nifty Expected to Open Flat or Slightly Lower

The SGX Nifty is expected to open flat or slightly lower on Monday with a loss of 83 points. This prediction is based on the performance of the markets over the weekend and early Monday morning.

BSE Sensex and Nifty50 Close Slightly Higher

The BSE Sensex closed 38 points higher at 60,431, while the Nifty50 closed 15 points higher at 17,828 on Friday. The pivot charts indicate that the Nifty may receive support at 17,757, and investors should watch for an initial key resistance level to break at 17,843.

HDFC Bank and Infosys Record Strong Quarterly Earnings

HDFC Bank reported a 19.8% YoY growth in standalone profit, while Infosys recorded Rs 6128 crore profit. These strong quarterly earnings are an indication of the strength of the Indian economy, which may be contributing to foreign portfolio investor buying in the markets.

Quarterly Earnings Will Likely Impact Market Trends

With weak earnings from TCS and Infosys, this could negatively impact the technology sector in Indian markets. However, as more companies announce their quarterly results throughout the week, these earnings reports will likely dictate market trends going forward.

Multiple Companies to Announce Quarterly Results on Monday

On Monday, multiple companies will be announcing their quarterly results including Angel One, TV 18 Broadcast, and Just Dial. This news could potentially impact market trends throughout the day.

Asian Stocks Open Cautiously as U.S. Earnings Season Continues

Asian stocks opened cautiously on Monday as U.S. earnings season continues and Chinese data offers insight into their economy. Investors are also watching for signs of demand recovery in China as oil prices continue to rise.

Wall Street Ends Lower Due to Mixed Economic Data and Potential for Interest Rate Hike

Wall Street ended lower on Friday due to mixed economic data and the potential for a Federal Reserve interest rate hike. This has led to a stronger dollar, which investors are closely monitoring as it may impact Indian markets.

In conclusion, the Indian stock market is expected to open flat or slightly lower on Monday with multiple companies announcing their quarterly results. Despite weak earnings from TCS and Infosys, strong quarterly earnings from HDFC Bank and Infosys may help support the markets. Technical research analysts have a positive view on the Nifty market, and investors should carefully consider their options before making any day trading purchases.

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