Weekend Stock Market News:

1- Fourth-quarter GDP growth exceeded expectations, reaching 7.8%; FY 2024 growth exceeds 8%.
Driven by manufacturing and mining, India is expected to grow by 8.2% in FY 2023-2024. However, the GVA for the agricultural sector is expected to fall to 1.4% in FY 2024, down from 4.7% in FY 2022-2023

2- India's Gross Domestic Product (GDP) growth exceeded all expectations, reaching 7.8% in the January-March quarter, although it slowed from 8.4% in the third quarter. According to data released by the Ministry of Statistics and Programme Implementation on May 31, the full-year GDP growth rate for 2023-2024 has been revised upwards from the second estimate of 7.6% to 8.2%

3- A survey of economists predicted that fourth-quarter GDP growth would slow to 6.5-6.7% from 8.4% in the three months ending December 31, 2023. The survey showed that GDP for FY 2023-2024 is expected to be 7.7-7.8%

4- Indian Prime Minister Narendra Modi pointed out that the fourth-quarter GDP growth "proves that India continues to be the fastest-growing major economy in the world."

5- This impressive GDP data will be warmly welcomed by Indian policymakers. The government's Chief Economic Advisor, V. Anantha Nageswaran, stated earlier this month that the likelihood of India's economic growth reaching 8% in FY 2024 is very high

Due to growth in manufacturing, the real Gross Value Added (GVA) grew by 7.2% in FY 2024, with manufacturing GVA growing by 9.9% in 2023-2024, compared to a contraction of 2.2% in 2022-2023. The mining and quarrying sector also grew by 7.1% in the previous fiscal year, up from 1.9% in FY 2023

However, growth in the agricultural sector is expected to slow to 1.4% in FY 2024, compared to 4.7% in 2022-2023. The GVA of the tertiary sector is expected to decline to 7.6% in 2023-2024, down from 10.0% in FY 2023, with growth in trade, hotels, and transportation-related services projected to nearly halve to 6.4% in the previous fiscal year

The real GVA for the fourth quarter of 2023-2024 is expected to grow by 6.3%, while the nominal GDP for the last quarter of the previous fiscal year is expected to be 9.9%.
For the entire FY 2024, the nominal GDP is expected to be 9.6%, falling short of the budget estimate of 10.5%

📈RTNPOWER

This is our [IIFL Securities Internal Pick] that we recommended buying on May 7 at a price of 10.0-10.5. As of last Friday, RTNPOWER has helped us achieve 14 upper circuits, with a return rate of 82.381% so far. We expect our profit to double by next week

📈 NTCIND

📈 Recommended Buy Range: 118.00-122.00
📈 Upside Potential: Over 20%
📈 Stop Loss: 112
📈 Holding Period: 2-3 days

Trading Recommendation: Buy

NTCIND formed a doji candlestick pattern on May 9, indicating market indecision. Subsequently, on May 10, the stock price showed strong reversal momentum, experiencing consecutive increases. Last Friday, NTCIND once again formed a doji candlestick, and the stock price rebounded strongly after retracing to the 60-day moving average, demonstrating significant support


Combining technical analysis with market sentiment, we anticipate that NTCIND will experience a significant surge next week, similar to May 10th, possibly even hitting the upper circuit. This presents an excellent buying opportunity for investors

Technically, the index has pulled back nicely after making a new high. Ideally, 22,226 is the key level and the index should not trade below it for more than two days, with a stop loss at 21,800, even a break below this level should be considered a sign of weakness. Obviously, volatility will be very high due to the election results on June 4, so extreme caution should be taken. On the upside, 23,460 remains the best target, with the next target being 23,960, which is expected to be completed in the coming months.

In the face of the current volatile market environment, we must possess excellent execution and resolute decision-making abilities. We will develop a comprehensive investment plan and adhere to every trading directive from the team, so that everyone can minimize risk and achieve stable investment returns. In the upcoming trades, everyone will continue to strive, steadily progressing in this volatile market to realize their respective investment values

GD evening all

I m new in this group but not new to the market, I m analysing futures options
Intraday stocks
BTST stocks
I also recommend multibaggers
Micro stocks
If u ve questions plz feel free to message me

Stocks in focus
Adani power intra btst
Pvr Inox
Suzlon short term holding
Cochin shipyard
Apollo hospital
Hindalco intra BTST
Bel intra btst
Bhel intra btst
Bank of India holding 2 to 3 days.
NTC IND 2 to 3 Days
Power Grid intra btst
Praj industries 2 to 3 days
RVNL SHORT TERM
Shriram finance 2 to 3 days
Glenmark pharmaceuticals 2 days
Hudco 2 days
ITC TILL DEMERGER DECLARATION
RATTAN POWER HIDDEN GEM
JUOTI STRUCTURE HIDDEN GEM
ESSAR SHIPPING HIDDEN GEM
VEDANTA 3 TO 5 DAYS
YES BANK SHORT TERM
VODAFONE SHORT TO MID TERM HIDDEN GEM

Dow Jones closes 550 points positive on Friday
Hope for a Bull run

Gift Nifty shows record high upward movement of ,600;plus points

Ll be updating on probable Portfolio in the Modi 3 regime today

*COUNTING OF LOKSABHA ELECTIONS GONE LIVE AT 8.00 AM*

*GIFT NIFTY OPENS UP AT 0.38% OR 89.50 POINTS AT 23,556.50*

Biocon in focus gets US FDA APPROVAL FOR MIRE MEDICINE

MOIL IN FOCUS

RVNL BAGS BIG ORDER POSITIVE NEWS

Avoid intraday options rather focus on portfolio today sell ur calls book profits

Bank nifty levels

Support 1 - 50400
Support 2 - 50100
Support 3 - 49700

Resistance 1 - 51500
Resistance 2 - 52000
Resistance 3 - 52500

Banknifty View - aj levels dene ka koi sense nai he kyuki kal market levels ko follow nai krega . Kal sirf news and sentiments trade honge.

Bjp agar 330 + ati he to sentiments bht bullish honge .

Agar 300 ati he to normal honge pr 280 ke niche ati he to negative honge.

Kal 1000 1500 ki movement nifty me and banknifty me 2000 4000 points ki movement mzak mzak me ho jaegi