Above Stocks
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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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Nifty ka next target 24000 ๐Ÿš€๐Ÿš€ (within 1-2 months)

Hold your good quality stocks. , ๐Ÿ’ช

Add the good quality stocks and sit quietly ๐Ÿš€
#AdaniPorts has secured a 30-year deal to operate Container Terminal 2 at Dar es Salaam Port and acquired a 95% stake in Tanzania International Container Terminal Services (TICTS) for $39.5 million, aiming to boost Tanzania's trade.
๐ŸŒŸ Why Indian Stock Market is Still Strong ๐ŸŒŸ

๐Ÿ“ˆ The growth is driven by strong company earnings. Despite the market being at an all-time high, the PE ratio is 21.4, lower than the 1-year average of 22.34.

๐Ÿ’ผ Initiatives like GST, PLI schemes, and digitization efforts have positively impacted the business environment.

๐Ÿ“Š India's GDP growth rate has been robust, fueled by consumption, investment, and government spending.

๐ŸŒ Comparatively, India has been less affected by global geopolitical tensions and economic slowdowns than some other emerging markets.
Gujarat Gas @ 572

The breakout above the descending trendline suggests a potential trend reversal from bearish to bullish.

The strong bullish candlestick and increased volume provide confirmation for the breakout.

Setting a target of 595, 620 ++ aligns with previous resistance levels observed in the chart.

A stop loss at 550 is placed below recent support levels to manage risk.
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. ๐Ÿ‘
Latest Updates as of Now

โฉ Chandrababu Naidu officially supports BJP ๐Ÿค
โฉ Nitish Kumar will join tomorrow's NDA meeting in Delhi ๐Ÿ‡ฎ๐Ÿ‡ณ
โฉ Modi says: "We will make government easily." ๐Ÿ—ณ
โฉ Modi promises bigger and bold decisions, stronger defense, manufacturing, and farmer support in his 3rd term.
โฉ FIIs heavily shorted today with 3.50 lakh contracts, highest ever ๐Ÿ“‰
News in the Market

Modi will soon take the PM oath for the 3rd time. There will be no deputy PM.
Above Stocks
Election Result Expectations BJP 325+ and NDA 365+ Nifty can move upto 24200+ BJP 303-325 and NDA 350 Nifty can move upto 23700+ BJP 272 - 303 and NDA 325 Nifty can stay between 22500 to 23500 BJP below 272 and NDA below 300 Nifty can go till 21800 toโ€ฆ
*Election Result Expectations*๐Ÿ—ณ๏ธ๐Ÿชท


BJP below 272 and NDA below 300
Nifty can go till 21800 to 22000 ๐Ÿ‘Ž๐Ÿ‘Ž

Yesterday Nifty closing was exactly 21884 ๐ŸŽฏ๐ŸŽฏ๐ŸŽฏ

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
Koronox IPO Listed at โ‚น164.95 (+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.