5 Momentum Stocks for the Day – 5paisa Morning Updates | IPO Updates | Stock in News | 06th Sept

In this video, we have spoken about Market Outlook for the Day.

Watch this video to know more. #momentumstocks #5paisapremarketnews #5paisamorningcuppa #5paisastockideas #fii #dii #nifty #banknifty #Tradewith5paisa #technicals
Nifty Outlook:
Nifty finds important support around 17050 while 17300 will act as resistance.
Nifty Outlook: 
Nifty finds important support around 17200 while 17400 will act as resistance.  

Bank Nifty: 
Bank Nifty finds support around 36450 while 37150 will act as resistance.  

5 Momentum Stocks for the Day
Cash Delivery (Holding Period 7 – 10 Days)
BEL: Strong volumes
Buy = 199, SL = 193, Target 1 = 208, Target 2= 214
BLUEDART: Expect the uptrend to continue
Buy = 6297, SL = 6160, Target 1 = 6415, Target 2 = 6570
CENTURYTEX: Chart remains strong
Buy = 849, SL = 831, Target 1 = 874, Target 2 -890
SONACOM: Uptrend likely to resume
Buy = 526, SL = 510, Target = 558
MASTEK: Breakout on chart
Buy = 2798, SL = 2720, Target 1 =2870, Target 2 = 2965

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial

Stocks in News:
HealthCare Global Enterprises: The company acquired oncology hospital labs and clinical trials business from Strand Lifesciences.

ICICI Lombard: The company has received regulatory and other approvals from the Insurance Regulatory and Development Authority of India (IRDAI) for the demerger of the general insurance business of Bharti AXA General.

Maruti Suzuki: Auto-giant, Maruti Suzuki announced to proactively undertake a recall of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6. The recall campaigns are undertaken globally to rectify faults that may be potential safety defects.Maruti said that this is to inspect for a possible defect in 181,754 units of these models manufactured between 4th May 2018 to 27th October 2020.

FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 768.58 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 668.60 crore in the Indian equity market on September 3, as per provisional data available on the NSE.

Disclaimer: The above report is compiled from information available on the public platforms.
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