Welcome to our special stock market report. If you’ve missed today’s market action, don’t worry. We’ve got you covered with all the updates, key trends, and expert advice to help you prepare for tomorrow’s trading session.
Market Overview 4 Feb. 2025
The market showed signs of recovery in the last few hours of trading today. This positive movement came despite uncertainty from global news, especially concerning tariff issues in the US.
Experts believe that even though the recent Union Budget didn’t have major announcements for stock market participants, the increased tax exemption limits may bring more disposable income, which can drive market growth.
# Key Market Levels
Nifty: If it sustains above 23,300, we may see levels around 23,600 to 23,800.
Bank Nifty: The index has formed a double-bottom breakout pattern. As long as it doesn’t close below 48,800, the “buy on dips” strategy remains valid. If Bank Nifty sustains above 49,500, it could rally to 52,000-52,600 levels.
Expert Stock Recommendations
1. IRFC (Indian Railway Finance Corporation)
- Expert Opinion: Negative outlook,
- Reason: The government’s capital expenditure in railways has been flat, affecting the company’s growth prospects.
2. Bharat Electronics Limited (BEL)
- Expert Opinion: Hold
- Reason: Though the stock has corrected due to valuation concerns, significant orders in the upcoming quarter may trigger a sharp recovery.
3. Tata Motors
- Expert Opinion: Hold with a stop-loss of ₹650
- Reason: The stock is in a lower-high, lower-low pattern. If it breaks below ₹650, further decline is expected.
4. Hindustan Aeronautics Limited (HAL)
- Expert Opinion: Hold
- Reason: The company’s robust order book and positive growth prospects make it a good long-term investment.
5. Vodafone Idea
- Expert Opinion: Hold with a stop-loss of ₹8.50
- Reason: The stock is trading above its 100-day moving average, indicating potential for further gains up to ₹12.30.
6. Adani Green Energy
- Expert Opinion: Hold with caution
- Reason: Although the stock has seen recovery, it has failed to sustain above key moving averages. New investments are not recommended at this point.
### Conclusion
The market’s current technical patterns indicate buying opportunities, but with caution. Maintain stop-loss levels and track key indices for market trends. Stay updated with expert insights for informed trading decisions.
