Market pulse with Vikas Bali

Markets Today- 17 Dec 24

So it was Red start to market this week. And as we saw Nifty is definitely facing stiff resistance around 24800-24820 levels to pullback . 

FII and DII were nearly flat towards being in red in their net buy/sell with FII  being net sellers -280 cr and DII also net sellers -235 cr. 

Though the figures looks small of FII/DII above.... Over all FII bought for 11600 cr+

Today too US markets  are bit down(except NASDAQ, which is creating new highs) and Asian markets are trading mixed. Gift Nifty again indicates Negative start to market even today... 

And once it opens... It nowadays FII/DlI taking shots and dictating the trends of indexes. 

Also world markets are keeping  an eye on Federal Reserve Final. Policy announcement this week

As a individual investors, I would suggest to just keep eye on stocks u r interested in rather than looking at indexes. Good stocks are rallying quietly amidst this negative closing. Still one can accumulate favourite stocks/ETF before markets again gets out of hand.. Still time is there. 

Levels to keep eye on---

A very crucial support level is at 24500 and any dip below this will correct market a  bit and create some more buying opportunity. And on upside of course as of now breaching 25125 will give a good breakout. And markets looks bullish above 24860.

Stocks to cheer up investors today is railway sector... Yes lots of action happening at this end.... And today some momentum can be seen in👇🏻

RVNL

Texmaco rail

Railtel

Yesterday some big fund houses and analysts have given BUY recommendations for 30-40% upside potential for following stocks which one can explore-

RIL

NTPC

HDFC life

PI ind

LIC housing

Dividend king Vedanta has announced another dividend of Rs 8.5 per share for shareholder. This is the fourth dividend for the FY. 

Gold is steady at its price of around 79400. Lots of impact expected on US Fed meet this week end on gold price too. Keep an eye here too. 

Happy Investing!! 

Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments.