Top Performing Industries Today

Good Time to add Adani Stocks....
Recovery Expected...

For High Risk Traders Only ...

India VIX at 26.5 (+26%) today, which means the volatility is still not over, much more movement (anyside) is possible in the market.

Treat this as an opportunity to enter at low levels... Do not panic. 👍

Latest Updates as of Now

⏩ Chandrababu Naidu officially supports BJP 🤝
⏩ Nitish Kumar will join tomorrow's NDA meeting in Delhi 🇮🇳
⏩ Modi says: "We will make government easily." 🗳
⏩ Modi promises bigger and bold decisions, stronger defense, manufacturing, and farmer support in his 3rd term.
⏩ FIIs heavily shorted today with 3.50 lakh contracts, highest ever 📉

News in the Market

Modi will soon take the PM oath for the 3rd time. There will be no deputy PM.

*Election Result Expectations*🗳️🪷


BJP below 272 and NDA below 300
Nifty can go till 21800 to 22000 👎👎

Yesterday Nifty closing was exactly 21884 🎯🎯🎯

Prefect Prediction

Nifty
31st May Closing- 22530.70
5th June Closing- 22620.35

Bank Nifty
31st May Closing- 48983.95
5th June Closing- 49054.60

Means Election Results event has no impact in Market Except Mid and Small cap price erosion.

Kronox Lab Sciences Limited IPO Allotment Chances

Retail: 1 out of 50
SHNI: 1 out of 240
BHNI: 1 out of 60

New High 590 🚀🚀

Koronox IPO Listed at ₹164.95 (+21%)

MIDCAP double top formed
Bulls above 53720 close only

53000 is SL for bulls.

If close below that, small correction
can be expected towards 52400/52200 levels.

Market to be sideways to bearish now for next 1-2 weeks.

Book profits in midcap and smallcap

Government as announced an expansion of the Pradhan Mantri Awas Yojana, aiming to construct 30 million urban and rural homes. This initiative is expected to significantly benefit #HomeFirstFinance.

This is just an update, not a recommendation.

Allied Blend IPO (ABDL) listed at 320 (+13.8%)

Market Entered into Extreme Greed zone, Don't buy anything blindly. wait for perfect opportunity.

Stock - Vedanta #VEDL (CMP : 445)
View - Negative

📉 Trendline Break: Price has broken below the ascending trendline, indicating a possible trend reversal.
🔻 Symmetrical Triangle: The formation of a symmetrical triangle pattern, with the price breaking downward, suggests a bearish breakout.
🔴 Bearish Candlesticks: Recent large red candles indicate strong selling pressure.
📊 High Volume: Increased volume on down days confirms the selling strength.
⚠️ Support Breach: Price has fallen below the ₹450 support level, which may now act as resistance.
🎯 Stop Loss & Target: Stop loss around ₹466 (red zone), target around ₹405 (green zone), offering a favorable reward-risk ratio.

For Educational Purpose Only.

📊 Reliance Industries Q1 FY25 Results:

- Net Profit: ₹15,138 crore (📉 5% YoY decline)
- Revenue: ₹2,36,000 crore (📈 12% YoY increase)
- EBITDA: ₹42,748 crore (📉 7.5% decline QoQ)

### Segment Highlights:
- O2C: Margins under pressure 😟
- Jio: Net profit up 12% to ₹5,698 crore 🚀
- Retail: Profit after tax grew 5% to ₹2,549 crore 🛍️

Market Reaction: Mixed results, with net profit below expectations. Analysts remain optimistic about growth in digital services and retail! 🌟

Hindustan Aeronautics Limited – The Best Stock in the Indian Defence Sector

https://www.abovestocks.com/blog/hindustan-aeronautics-limited-the-best-stock-in-the-indian-defence-sector/