Global Cues | GIFT Nifty signals mildly lower start; Trump urges Powell to cut rates again
#1 Asian markets subdued after Trump’s attack on Fed chair rattles Wall Street
#2 GIFT Nifty signals mildly lower start
#3 US Futures edge higher after sharp selloff overnight
#4 Fourth straight losing session for Dow and Nasdaq
#5 Dow plunges over 950 points, Nasdaq sheds over 2%
#6 Trump’s latest jab on Powell spooks sentiment
#7 Trump urges Powell to cut rates again
#8 Trump hinted at Powell’s termination last week
#9 Tesla to report quarterly earnings post market hours
#10 US 10-year yield rose around 8 bps to 4.4%
#11 Dollar dives to 3-year low amid Trump-Powell tensions
#12 USD index falls to 97.92, lowest since 2022
#13 Oil prices fall amid signs of progress in US-Iran talks
#14 Gold spikes to fresh record above $3,400/oz
🌈 Global Markets | Wall Street ends sharply lower following Trump's anti-Powell tirade
US stocks suffered steep losses on Monday as U.S. President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, prompting investors to worry about the central bank's independence even as they grapple with the effects of Trump's ongoing, erratic trade war.
The Dow Jones Industrial Average fell 971.82 points, or 2.48%, to 38,170.41, the S&P 500 lost 124.50 points, or 2.36%, to 5,158.20 and the Nasdaq Composite lost 415.55 points, or 2.55%, to 15,870.90.
US stocks suffered steep losses on Monday as U.S. President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, prompting investors to worry about the central bank's independence even as they grapple with the effects of Trump's ongoing, erratic trade war.
The Dow Jones Industrial Average fell 971.82 points, or 2.48%, to 38,170.41, the S&P 500 lost 124.50 points, or 2.36%, to 5,158.20 and the Nasdaq Composite lost 415.55 points, or 2.55%, to 15,870.90.
#1 Asian markets subdued after Trump’s attack on Fed chair rattles Wall Street
#2 GIFT Nifty signals mildly lower start
#3 US Futures edge higher after sharp selloff overnight
#4 Fourth straight losing session for Dow and Nasdaq
#5 Dow plunges over 950 points, Nasdaq sheds over 2%
#6 Trump’s latest jab on Powell spooks sentiment
#7 Trump urges Powell to cut rates again
#8 Trump hinted at Powell’s termination last week
#9 Tesla to report quarterly earnings post market hours
#10 US 10-year yield rose around 8 bps to 4.4%
#11 Dollar dives to 3-year low amid Trump-Powell tensions
#12 USD index falls to 97.92, lowest since 2022
#13 Oil prices fall amid signs of progress in US-Iran talks
#14 Gold spikes to fresh record above $3,400/oz
US stocks suffered steep losses on Monday as U.S. President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, prompting investors to worry about the central bank's independence even as they grapple with the effects of Trump's ongoing, erratic trade war.
The Dow Jones Industrial Average fell 971.82 points, or 2.48%, to 38,170.41, the S&P 500 lost 124.50 points, or 2.36%, to 5,158.20 and the Nasdaq Composite lost 415.55 points, or 2.55%, to 15,870.90.
US stocks suffered steep losses on Monday as U.S. President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, prompting investors to worry about the central bank's independence even as they grapple with the effects of Trump's ongoing, erratic trade war.
The Dow Jones Industrial Average fell 971.82 points, or 2.48%, to 38,170.41, the S&P 500 lost 124.50 points, or 2.36%, to 5,158.20 and the Nasdaq Composite lost 415.55 points, or 2.55%, to 15,870.90.
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The benchmark indices made a healthy start to the week, with the Nifty 50 rising 1.15 percent on April 22, supported by buying across sectors barring FMCG. Market breadth remained in favour of the bulls, with 2,079 shares advancing compared to 536 declining on the NSE. After a consistent five-day rally, the market may consolidate, though the overall trend remains positive. Below are some trading ideas for the near term
Life Insurance Corporation of India | CMP: Rs 817.50
After peaking near Rs 1,222 in August 2024, LIC witnessed a sharp decline of nearly Rs 500, translating to a 42 percent correction. Recently, the stock has formed a classic Inverse Head and Shoulders pattern — a bullish reversal setup. The price has also successfully retested the neckline of the pattern and shown strength, indicating a potential trend reversal. Traders may consider entering long positions in the Rs 800–820 zone, with an upside target of Rs 900.
Strategy: Buy
Target: Rs 900
Stop-Loss: Rs 765
Clean Science has recently formed a textbook bullish Bat pattern on the daily chart, supported by rising volumes from the bottom, indicating strong buying interest. Interestingly, the Bat pattern’s reversal zone aligns with the S3 monthly Camarilla pivot, adding technical confluence. Moreover, an Inside Value relationship is observed between March and April pivots, where April’s R3 and S3 lie within March’s range. This setup often precedes a significant breakout, hinting at a potentially explosive move ahead. Traders may consider entering long positions in the Rs 1,185–1,200 zone.
Strategy: Buy
Target: Rs 1,320
Stop-Loss: Rs 1,140
Cello World | CMP: Rs 584.3
Cello World recently formed a double bottom with bullish divergence and broke above a falling trendline, signaling a potential reversal. Strong volume in the Rs 535–565 zone adds bullish confirmation. Both March and April 2025 Camarilla monthly pivots show an Inside Value relationship, where the current month’s pivot lies within the previous month’s range — often a precursor to an explosive move. Traders may consider long positions between Rs 580–585.
Strategy: Buy
Target: Rs 680
Stop-Loss: Rs 540
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Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities
Central Depository Services May Futures | CMP: Rs 1,311.6CDSL has provided a breakout from a base formation, primarily due to short covering. The stock had witnessed its highest short build-up in recent times and is now seeing covering, along with its peers, as the entire Nifty Capital Market index has started to recover. In anticipation of further short covering, one can go long on CDSL in the range of Rs 1,280–1,260 in the short term.
Strategy: Buy
Target: Rs 1,340, Rs 1,360
Stop-Loss: Rs 1,220
State Bank of India May Futures | CMP: Rs 816.1
SBI has broken out of a base formation with clear short covering in the recent bounce back, leading the stock to break above the crucial resistance of Rs 800, which had a significant Call base. The stock has now seen clear upward momentum and Put additions at lower levels, which may support any dips. In the short term, all PSU banks are likely to witness an uptrend, and SBIN offers a good setup. Buy SBI May Futures in the range of Rs 820–800.
Strategy: Buy
Target: Rs 850, Rs 870
Stop-Loss: Rs 780
Sun Pharmaceutical Industries May Futures | CMP: Rs 1,746.2
Sun Pharmaceutical has seen long liquidation throughout its uptrend, and the cumulative open interest has now dropped to its lowest level in six years or more, indicating that derivatives positions are quite light. Prices are now providing positive divergence, increasing the chances of an uptrend. Sun Pharma has been one of the relative outperformers in the Nifty Pharma Index and is likely to inch towards the upper end of the range. Buy Sun Pharmaceutical May Futures in the range of Rs 1,760–1,740.
Strategy: Buy
Target: Rs 1,830, Rs 1,860
Stop-Loss: Rs 1,710
Central Depository Services May Futures | CMP: Rs 1,311.6CDSL has provided a breakout from a base formation, primarily due to short covering. The stock had witnessed its highest short build-up in recent times and is now seeing covering, along with its peers, as the entire Nifty Capital Market index has started to recover. In anticipation of further short covering, one can go long on CDSL in the range of Rs 1,280–1,260 in the short term.
Strategy: Buy
Target: Rs 1,340, Rs 1,360
Stop-Loss: Rs 1,220
State Bank of India May Futures | CMP: Rs 816.1
SBI has broken out of a base formation with clear short covering in the recent bounce back, leading the stock to break above the crucial resistance of Rs 800, which had a significant Call base. The stock has now seen clear upward momentum and Put additions at lower levels, which may support any dips. In the short term, all PSU banks are likely to witness an uptrend, and SBIN offers a good setup. Buy SBI May Futures in the range of Rs 820–800.
Strategy: Buy
Target: Rs 850, Rs 870
Stop-Loss: Rs 780
Sun Pharmaceutical Industries May Futures | CMP: Rs 1,746.2
Sun Pharmaceutical has seen long liquidation throughout its uptrend, and the cumulative open interest has now dropped to its lowest level in six years or more, indicating that derivatives positions are quite light. Prices are now providing positive divergence, increasing the chances of an uptrend. Sun Pharma has been one of the relative outperformers in the Nifty Pharma Index and is likely to inch towards the upper end of the range. Buy Sun Pharmaceutical May Futures in the range of Rs 1,760–1,740.
Strategy: Buy
Target: Rs 1,830, Rs 1,860
Stop-Loss: Rs 1,710
Anshul Jain, Head of Research at Lakshmishree Investments
Hindalco Industries | CMP: Rs 622
Hindalco has broken out of a bullish flag pattern on the daily chart, with a close above Rs 618 confirming the breakout. Although volumes were muted, large caps often see follow-up buying. Sustaining above Rs 618 is key for the bulls. The immediate upside target lies near the gap resistance zone of Rs 645–647. A strong close above this level can extend momentum. Until then, it remains a buy-on-dips candidate with defined levels.
Strategy: Buy
Target: Rs 645
Stop-Loss : Rs 610
SBI Card has broken out of a 420-day-long bullish Cup and Handle pattern on the daily chart, with a breakout at Rs 890. While volumes were muted, price action remains strong, and follow-through buying may boost participation. The stock closed above the breakout point and continues to trade comfortably above resistance. A sustained move above Rs 890 could lead to an initial upside target of Rs 1,000. Traders can look to ride the breakout with a tight stop-loss below Rs 890.
Strategy: Buy
Target: Rs 1,000
Stop-Loss: Rs 890
Adani Green Energy | CMP: Rs 956.25
Adani Green Energy is nearing a bullish breakout from a 47-day-long down-slanting Cup and Handle pattern, with the neckline placed at Rs 960. The volume pattern is constructive, indicating strong accumulation. A breakout and sustained move above Rs 960 could trigger a sharp rally, initially targeting the swing high of Rs 1,025. If momentum continues, the breakout structure suggests a further upside towards Rs 1,127. Traders should watch for confirmation above Rs 960 to ride the breakout with strength.
Strategy: Buy
Target: Rs 1,025
Stop-Loss: 930
Hindalco Industries | CMP: Rs 622
Hindalco has broken out of a bullish flag pattern on the daily chart, with a close above Rs 618 confirming the breakout. Although volumes were muted, large caps often see follow-up buying. Sustaining above Rs 618 is key for the bulls. The immediate upside target lies near the gap resistance zone of Rs 645–647. A strong close above this level can extend momentum. Until then, it remains a buy-on-dips candidate with defined levels.
Strategy: Buy
Target: Rs 645
Stop-Loss : Rs 610
SBI Card has broken out of a 420-day-long bullish Cup and Handle pattern on the daily chart, with a breakout at Rs 890. While volumes were muted, price action remains strong, and follow-through buying may boost participation. The stock closed above the breakout point and continues to trade comfortably above resistance. A sustained move above Rs 890 could lead to an initial upside target of Rs 1,000. Traders can look to ride the breakout with a tight stop-loss below Rs 890.
Strategy: Buy
Target: Rs 1,000
Stop-Loss: Rs 890
Adani Green Energy | CMP: Rs 956.25
Adani Green Energy is nearing a bullish breakout from a 47-day-long down-slanting Cup and Handle pattern, with the neckline placed at Rs 960. The volume pattern is constructive, indicating strong accumulation. A breakout and sustained move above Rs 960 could trigger a sharp rally, initially targeting the swing high of Rs 1,025. If momentum continues, the breakout structure suggests a further upside towards Rs 1,127. Traders should watch for confirmation above Rs 960 to ride the breakout with strength.
Strategy: Buy
Target: Rs 1,025
Stop-Loss: 930
*🇮🇳India Daybook – Stocks in News*
*Indo Amines:* CRISIL Upgrades Credit Ratings for short term and long term facilities. (Positive)
*Tata Power:* Arm 'Tata Power Renewable Energy' signs Power Purchase Agreement (PPA) with Tata Motors to set up 131 MW wind-solar hybrid project. (Positive)
*Coal India:* Company expands into Power Generation with establishment of 2 x 800 MW Ultra Supercritical Power Plants in Jharkhand (Positive)
*Nureca:* Company gets Punjab Government’s formal approval for setting up a new manufacturing facility in Sundra, Punjab. (Positive)
*Sandhar Technologies:* Company has executed an agreement to sell its property located in Bangalore for Rs 61 Cr. (Positive)
*JSW Energy:* Company to commission two wind blade plants in 2025, aims to reduce imports. (Positive)
*Bank of Baroda:* LIC raises its stake holding in Bank from 2% to 7.05%. (Positive)
*HealthCare Global Enterprises:* Company announced the inauguration of the expanded HCG Aastha Cancer Centre in Ahmedabad, Gujarat (Positive)
*Mukka Proteins Ltd:* Company announced the acquisition of a 51% stake in GSM Marine Export, a partnership firm, for Rs 14 Cr via capital contribution. (Positive)
*Mazagon Dock:* Company announced Capt Jagmohan as the new Chairman & Managing Director, effective April 21, 2025 (Positive)
*Anant Raj:* Net Profit at Rs 118.79 cr vs Rs 84.01 cr, Revenues at Rs. 540.65 cr vs Rs 442.59 cr (YoY). (Positive)
*Himadri Speciality Chemical Ltd:* Net Profit at Rs 155.46 cr vs Rs 115.18 cr, Revenues at Rs. 1134.64 cr vs Rs 1176.95 cr (YoY) (Positive)
*Gujarat Alkalies:* Company announced the dispatch of its first consignment of Benzyl Chloride from its new 30,000 TPA Chlorotoluene Plant at Dahej. (Positive)
*Brigade:* Company has signed a Joint Development Agreement for a plotted development project in East Bengaluru, spanning approx. 20 acres (Positive)
*Steel Stocks:* India imposes 12% temporary tariff on some steel imports for 200 days from April 21st - Govt notification (Positive)
*H.G. Infra Engineering:* Company has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd for a battery energy storage project. (Positive)
*Kotak Mahindra Bank:* To Increase ATM Transaction Fees Effective May 2025 (Positive)
*Tata Investment:* Company reported a 37.7% year-on-year (YoY) decline in net profit at ₹37.7 crore for the fourth quarter. (Positive)
*Gandhar Oil:* Company has entered into a non-binding MoU with JNPA to participate in the Vadhvan Terminal. (Positive)
*DCAL:* Company’s subsidiary has received Drug Manufacturing License from the National Medical Product Administration (NMPA) for its Shanghai, China. (Positive)
*Banks/ NBFCs:* RBI has introduced measures to improve banks' liquidity resilience and align guidelines with global standards. (Positive)
*Paytm:* Company Arm Paytm Money introduces reduced interest rates revised brokerage for pay later. (Neutral)
*Pitti Engineering:* Net Profit at Rs 36.13 cr vs Rs 46 cr, Revenues at Rs. 468.77 cr vs Rs 335.90 cr (YoY). (Neutral)
*Mahindra Logistics:* Net Loss at Rs 7 cr vs Rs 13 cr, Revenues at Rs. 1570 cr vs Rs 1451 cr (YoY).. (Neutral)
*SRU Steels:* Company announced the appointment of Mr. Vijay Sureshbhai Makvana as Executive Managing Director and Chief Financial Officer, effective April 21, 2025. (Neutral)
*Mahindra & Mahindra:* Company has announced that Mr. Hemant Sikka, President of the Farm Equipment Sector, will resign effective 4th May 2025 (Neutral)
*HDFC Life:* Company has announced the appointment of M/s Mehta & Mehta, Company Secretaries, as Secretarial Auditor. (Neutral)
*Maithan Alloys:* Company has announced the acquisition of 80% equity shares/voting rights of Goldtree Impex Private Limited. (Neutral)
*Sansera Engineering:* Company has completed the transactions on strategic investment in MMRFIC Technology Private Limited. (Neutral)
*Repco Home Finance:* Company has announced the appointment of Mr. A. Palpandi as Chief Operating Officer (COO), effective April 21, 2025. (Neutral)
*Indo Amines:* CRISIL Upgrades Credit Ratings for short term and long term facilities. (Positive)
*Tata Power:* Arm 'Tata Power Renewable Energy' signs Power Purchase Agreement (PPA) with Tata Motors to set up 131 MW wind-solar hybrid project. (Positive)
*Coal India:* Company expands into Power Generation with establishment of 2 x 800 MW Ultra Supercritical Power Plants in Jharkhand (Positive)
*Nureca:* Company gets Punjab Government’s formal approval for setting up a new manufacturing facility in Sundra, Punjab. (Positive)
*Sandhar Technologies:* Company has executed an agreement to sell its property located in Bangalore for Rs 61 Cr. (Positive)
*JSW Energy:* Company to commission two wind blade plants in 2025, aims to reduce imports. (Positive)
*Bank of Baroda:* LIC raises its stake holding in Bank from 2% to 7.05%. (Positive)
*HealthCare Global Enterprises:* Company announced the inauguration of the expanded HCG Aastha Cancer Centre in Ahmedabad, Gujarat (Positive)
*Mukka Proteins Ltd:* Company announced the acquisition of a 51% stake in GSM Marine Export, a partnership firm, for Rs 14 Cr via capital contribution. (Positive)
*Mazagon Dock:* Company announced Capt Jagmohan as the new Chairman & Managing Director, effective April 21, 2025 (Positive)
*Anant Raj:* Net Profit at Rs 118.79 cr vs Rs 84.01 cr, Revenues at Rs. 540.65 cr vs Rs 442.59 cr (YoY). (Positive)
*Himadri Speciality Chemical Ltd:* Net Profit at Rs 155.46 cr vs Rs 115.18 cr, Revenues at Rs. 1134.64 cr vs Rs 1176.95 cr (YoY) (Positive)
*Gujarat Alkalies:* Company announced the dispatch of its first consignment of Benzyl Chloride from its new 30,000 TPA Chlorotoluene Plant at Dahej. (Positive)
*Brigade:* Company has signed a Joint Development Agreement for a plotted development project in East Bengaluru, spanning approx. 20 acres (Positive)
*Steel Stocks:* India imposes 12% temporary tariff on some steel imports for 200 days from April 21st - Govt notification (Positive)
*H.G. Infra Engineering:* Company has been declared a qualified bidder by Gujarat Urja Vikas Nigam Ltd for a battery energy storage project. (Positive)
*Kotak Mahindra Bank:* To Increase ATM Transaction Fees Effective May 2025 (Positive)
*Tata Investment:* Company reported a 37.7% year-on-year (YoY) decline in net profit at ₹37.7 crore for the fourth quarter. (Positive)
*Gandhar Oil:* Company has entered into a non-binding MoU with JNPA to participate in the Vadhvan Terminal. (Positive)
*DCAL:* Company’s subsidiary has received Drug Manufacturing License from the National Medical Product Administration (NMPA) for its Shanghai, China. (Positive)
*Banks/ NBFCs:* RBI has introduced measures to improve banks' liquidity resilience and align guidelines with global standards. (Positive)
*Paytm:* Company Arm Paytm Money introduces reduced interest rates revised brokerage for pay later. (Neutral)
*Pitti Engineering:* Net Profit at Rs 36.13 cr vs Rs 46 cr, Revenues at Rs. 468.77 cr vs Rs 335.90 cr (YoY). (Neutral)
*Mahindra Logistics:* Net Loss at Rs 7 cr vs Rs 13 cr, Revenues at Rs. 1570 cr vs Rs 1451 cr (YoY).. (Neutral)
*SRU Steels:* Company announced the appointment of Mr. Vijay Sureshbhai Makvana as Executive Managing Director and Chief Financial Officer, effective April 21, 2025. (Neutral)
*Mahindra & Mahindra:* Company has announced that Mr. Hemant Sikka, President of the Farm Equipment Sector, will resign effective 4th May 2025 (Neutral)
*HDFC Life:* Company has announced the appointment of M/s Mehta & Mehta, Company Secretaries, as Secretarial Auditor. (Neutral)
*Maithan Alloys:* Company has announced the acquisition of 80% equity shares/voting rights of Goldtree Impex Private Limited. (Neutral)
*Sansera Engineering:* Company has completed the transactions on strategic investment in MMRFIC Technology Private Limited. (Neutral)
*Repco Home Finance:* Company has announced the appointment of Mr. A. Palpandi as Chief Operating Officer (COO), effective April 21, 2025. (Neutral)
*Caplin Point:* Mr. Thiagaraja Manikandan tendered resignation from the post of Chief Transformation & Digital Officer (Neutral)
*Whirlpool:* Corporation ropes in Goldman Sachs for part stake sale process in Indian arm. (Neutral)
*HUL:* Company announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Limited (YoY) (Neutral)
*Whirlpool:* Corporation ropes in Goldman Sachs for part stake sale process in Indian arm. (Neutral)
*HUL:* Company announced the completion of its acquisition of a 90.5% stake in Uprising Science Private Limited (YoY) (Neutral)
Asian equities have opened with flat note as not major reaction has seen from weak overnight cues. U.S. stock index futures are trading with marginal gains and recovering from a yesterday’s weak closings on Wall Street as President Donald Trump’s fresh attack on Federal Reserve Chair Jerome Powell battered sentiment.
Dow Future (US): 38384, +214.0 points/ +0.56%
Nasdaq Future (US): 17948, +140.0 points/ +0.78%
US Small cap 2000 Future (US): 1854, +14.0 points/ +0.77%
DAX Future (Germany): 21258, -102.0 points/ -0.48%
FTSE Future (UK): 8248, -43.0 points/ -0.51%
Hang Seng Future (Hong Kong): 21403, -23.0 points/ -0.11%
KOSPI (South Korea): 2493, +5.0 points/ +0.19%
Taiex Future (Taiwan): 18967, -132.0 points/ -0.69%
Nikkei Index (Japan): 34263, -17.0 points/ -0.05%
Gift Nifty: (India) 24163, +27.0 points/ +0.11% (Adjusted)
U.S. Market Previous Closing
Dow (US): 38170, -972.0 points/ -2.48%
Nasdaq (US): 15871, -416.0 points/ -2.55%
Dow Future (US): 38384, +214.0 points/ +0.56%
Nasdaq Future (US): 17948, +140.0 points/ +0.78%
US Small cap 2000 Future (US): 1854, +14.0 points/ +0.77%
DAX Future (Germany): 21258, -102.0 points/ -0.48%
FTSE Future (UK): 8248, -43.0 points/ -0.51%
Hang Seng Future (Hong Kong): 21403, -23.0 points/ -0.11%
KOSPI (South Korea): 2493, +5.0 points/ +0.19%
Taiex Future (Taiwan): 18967, -132.0 points/ -0.69%
Nikkei Index (Japan): 34263, -17.0 points/ -0.05%
Gift Nifty: (India) 24163, +27.0 points/ +0.11% (Adjusted)
U.S. Market Previous Closing
Dow (US): 38170, -972.0 points/ -2.48%
Nasdaq (US): 15871, -416.0 points/ -2.55%
Forwarded from Mentorship By Sridhar
FREE Value Buy COFORGE 7000CE@110-115 Holding view- MAY SERIES EXPIRY
Forwarded from Mentorship By Sridhar
FREE Value Buy COFORGE 7000CE@110-115 Holding view- MAY SERIES EXPIRY