Stocks to buy today: 5 short-term trading ideas by experts for 3 February 2023
“Options data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17350 to 17900 zones due to higher volatility,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
RBL Bank Q3 Results: Profit jumps 34% YoY to Rs 209 crore, NII up 14%
“Our business growth, driven by granular advances and deposits growth, continues to improve, in line with our strategy and execution. Our initiatives over the last six months on new product launches, and the scale up of granular retail products are also starting to bear fruit
Zerodha picks stake in this multibagger smallcap stock
In the fiscal year 2022 (FY22), the stock brokerage firm Zerodhas net profit increased 87% to Rs 2,094.3 crore from Rs 1,122.3 crore in FY21, while operating revenue jumped to Rs 4,963.7 crore from Rs 2,728.9 crore in the same period, according to its audited financial statement filed with the Ministry of Corporate Affairs (MCA).
Paytm said that its focus over the past few quarters continues to be on payment volumes that generate profitability for the company, either through net payments margin or from direct upsell potential.
Hot Stocks | Here's why you should buy Suven Pharma and sell RBL Bank for short term
Traders are advised to avoid making aggressive bets for a while and wait for the Nifty to reclaim 18,050. However, it's an excellent opportunity to start nibbling at quality propositions.
Nifty F&O data signals major support at 18K; top 2 stock ideas from Prabhudas Lilladher
Bank Nifty weekly option chain shows the highest PE writers active on 43000PE and then, 43500PE over 10 lakh OI shares each. CE maximum exposure lies on 44000CE with over 20 lakh OI shares, fresh additions of calls across 44000/44500CE and 46000CE levels show some stiffness in the index.
Trade Spotlight | What should you do with PNB Housing Finance, RBL Bank, IDFC First Bank on Thursday?
RBL Bank shares rallied 6 percent to Rs 167.55 and formed big bullish candle on the daily charts with above average volumes, making higher highs higher lows for second consecutive session. The stock has seen a nice and decisive breakout of horizontal resistance trend line in the gap up opening on Wednesday.
Sanjiv Bhasin's top stock ideas where traders can make money in short & medium term
One of our top picks is Can Fin Homes which can be bought from 465 levels. I think Can Fin Homes fits the bill perfectly as it has very low delinquencies, its recoveries are very fast and they are seeing a lot of growth plus they have no problem of capital adequacy.
Hot Stocks: This global brokerage firm sees 20-30% return in ICICI Bank and M&M Finance
Morgan Stanley maintained an overweight rating on ICICI Bank with a target price of Rs 1250. The global investment bank sees further room to improve market share in higher-margin segments.
RBL Bank has formed an inverted Head and Shoulder patter. Breakout of the neckline can be seen with the huge volumes. RSI crossover can be seen in daily chart. For Risky traders one can buy above 138.