Money Times Talk

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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June 24, 2024

• As per market veteran, even an ordinary investor can see index management by big players on expiry days with the Nifty down & Bank Nifty up by 1500+. Seen such an absurd thing for the first time.
• Alert: Fraud and cheating cases are rising. Stay cautious, avoid greed and refrain from joining unfamiliar stock-related WhatsApp, Instagram or Telegram groups, who give promises of bumper profits & handling your trading/investment accounts.
• As per technical expert, the market isn't overbought or oversold, but fear is at an all-time high. While many expect a healthy correction, significant declines in India are unlikely until the Budget. Expect volatile swings from June 24th to 27th; consider using dips during this period to rebuild positions with careful stock selection.
• As per market veteran AI, cloud computing, data processing, coal, cosmetics, defense, electrolyzers, ethanol, export-oriented industries, FMCG, gasification, railways, real estate, selected PSUs and textiles as sectors to watch during dips. Prime Minister's focus on boosting exports aiming for $600 billion by 2030 from $44 billion. Focus on AI, cloud & data storage.
• As per market veteran, market is not your enemy. Success in trading/investment hinges on managing fear, greed & impatience. The fight is against your emotions, not the market.
• As per astrology view some important turning dates are 24, 27 & 28 June 2024.
• As per market grapevine Cybertech, Godavari Drugs, HCC, Jain Irrigation, RBL Bank, Shri Bajrang Alliance, Yes Bank are likely to cross its 52 weeks high.
• In 25th Nov MTTs, Bondada Engg. recommened at Rs.444 touched Rs.2930 - a gain of 560%.
• In 6th Jan MTTs, Sika Interplant recommended at Rs.1395 touched Rs.3548 - a gain of 154%
• In 17th Feb MTTs, Mafatlal Industries recommended at Rs.146 touched Rs.192 - a new 52 weeks high during the week.
• In 23rd March, Amines Plasticizers recommended at Rs. 158 touched Rs.278 - a gain of 76%.
• In 6th April MTTs, Jublilant Pharmova recommended at Rs.644 touched Rs.770, GIPCL recommended at Rs.188 touched a new 52 week high of Rs.270 during the week.
• In 11th May MTTs, DCM Shriram Industries recommended at Rs.195 touched Rs.242.
• In 18th May MTTs, ITD Cementation recommended at Rs.391 touched Rs.497, a life time high during the week.
• In 1st June MTTs, Panasonic Carbon recommended at Rs.515 touched Rs.600, National Fittings recommended at Rs.111 touched Rs.135, Anantraj recommended at Rs.385 touched Rs.453- a new 52 week high, RDB Rasayan recommended at Rs.127.60 touched Rs.157, Gujarat Intrux recommended at Rs.321 touched Rs.400 during the week.
• In 8th June MTTs, Anantraj recommended at Rs.391 touched Rs.453, Denischem Lab recommended at Rs.172.50 touched Rs.233, Exicom recommended at Rs.304 touched Rs.424- a superb gain of 39%, Godrej Agrovet recommended at Rs.560 touched Rs.635, HCC recommended at Rs.38.31 touched Rs.51.85– a gain of 35%, ITD Cementation recommended at Rs.438 touched Rs.497 – a new 52 week high, Jain Irrigation recommended at Rs.67.26 touched Rs.84.10 – a new 52 week high, Morepen Lab recommended at Rs.48 touched Rs.57.80, Rudra Global Infra recommended at Rs.42. touched Rs.53 - a superb gain of 26%, RVNL recommended at Rs.374 touched Rs.417, Vasundhara Rasayans recommended at Rs.223 touched Rs.256, Vodafone Idea recommended at Rs.15.85 touched Rs.17.40, Vipul Organics recommended at Rs.170 touched Rs.189, Va Tech Wabag recommended at Rs.1082 touched Rs.1220 – a new high during the week.
• Last week in 15th June MTTs, Anantraj recommended at Rs.424 touched Rs.453, ABM Knowledge recommended at Rs.133 touched Rs.167 – a gain of 26%, Black Rose recommended at Rs.130 touched Rs.144 - a gain of11%, Crest Ventures recommended at Rs.417 touched Rs.446, EPACK Durable recommended at Rs.212 touched Rs.238 – a new 52 weeks high, HCC recommended at Rs.48.63 touched new high Rs.51.85, HFCL recommended at Rs.118 touched Rs.130, ITD Cementation recommended at Rs.469 touched Rs.497, IOLCP recommended at Rs.409 touched Rs.425, Indian Toners recommended at Rs.286 touched Rs.320, Indiabulls Housing Finance recommended at Rs.172 touched Rs.184, Indiabulls Real Estate recommended at Rs.139 touched Rs.163 – a new 52 weeks high, Metro Global recommended at Rs.143 touched Rs.164, Rana Sugars recommended at Rs.26 touched Rs.27.35, RCF recommended at Rs.168 touched Rs.228, a mind blowing gain of 36%, Tarsons Products recommended at Rs.498 touched Rs.536 during the week.
• On 15th June MTT, Premco Global recommended at Rs 424 touched a high of Rs. 510