Daily Stock Recommendations
Smart picks based on technical indicators and fundamental analysis
Nifty
22,147.50
Bank Nifty
47,303.25
Dow Jones
38,239.98
NASDAQ
15,927.90
Daily Market Insight
Indian markets remain in a strong uptrend with Nifty and Bank Nifty making new highs. U.S. markets show mixed signals with Dow facing resistance. Expect volatility in technology stocks as earnings season continues.
Today's Top Stock Picks
| Stock | CMP | Technical Signals | Revenue Growth (YoY) | Profit Margin | Sector |
|---|---|---|---|---|---|
|
HDFC Bank
HDFCBANK
|
₹1,642.85
+1.2%
|
MACD: Bullish Crossover
RSI: 58.4 (Neutral)
|
+16.2% | 21.8% | Banking |
|
Infosys
INFY
|
₹1,428.50
+0.8%
|
MACD: Bullish
RSI: 62.7 (Strong)
|
+12.8% | 18.4% | IT |
|
Reliance Industries
RELIANCE
|
₹2,845.25
+1.5%
|
MACD: Bullish
RSI: 65.2 (Strong)
|
+15.7% | 14.2% | Energy |
|
Tata Motors
TATAMOTORS
|
₹892.65
+2.1%
|
MACD: Bullish Crossover
RSI: 72.3 (Overbought)
|
+24.5% | 10.2% | Auto |
|
Bharti Airtel
BHARTIARTL
|
₹1,235.40
-0.4%
|
MACD: Bullish
RSI: 51.8 (Neutral)
|
+18.3% | 12.7% | Telecom |
Market Overview
Track major indices performance and market trends
Global Market Indices
Indian Indices
Nifty 50
National Stock Exchange
22,147.50
+179.75 (+0.82%)
Bank Nifty
Banking Index
47,303.25
+533.15 (+1.14%)
US Indices
Dow Jones
Industrial Average
38,239.98
-144.42 (-0.37%)
NASDAQ
Composite
15,927.90
+24.40 (+0.15%)
Market Breadth
Advance-Decline Ratio
The market shows positive breadth with more advancing stocks than declining ones.
Market Volatility
Volatility is at low levels, indicating market stability and investor confidence.
Top Performing Sectors
- Banking +1.34%
- IT +0.95%
- Auto +0.82%
- Pharma -0.48%
- FMCG -0.23%
Market Analysis & Outlook
Daily Market Summary
Indian markets continue their bullish momentum with Nifty and Bank Nifty both showing strength above all key moving averages. The broader market breadth remains positive with advancing stocks outnumbering declining ones.
Key Support & Resistance Levels
- Nifty Support 1: 22,000
- Nifty Support 2: 21,850
- Nifty Resistance 1: 22,250
- Nifty Resistance 2: 22,400
Global Market Impact
U.S. markets show mixed signals with the Dow in consolidation while NASDAQ maintains its uptrend. The U.S. Federal Reserve's upcoming policy decision may impact global market sentiment in the coming week.
Outlook for Tomorrow
The market is expected to continue its upward momentum with possible consolidation at higher levels. Banking and IT sectors are likely to remain in focus with positive bias. Traders should watch 22,000 as a crucial support level for Nifty.
Stock Recommendations
Technical and fundamental analysis-based stock picks
Recommended Stocks (23)
| Company | Price | Change | MACD Status | RSI | Revenue Growth | Profit Margin | Action |
|---|---|---|---|---|---|---|---|
|
HDFC Bank
HDFCBANK | Banking
|
₹1,642.85
|
+1.20%
|
Bullish Crossover |
58.40
Neutral
|
+16.20%
|
21.80%
|
|
|
Infosys
INFY | IT
|
₹1,428.50
|
+0.80%
|
Bullish |
62.70
Strong
|
+12.80%
|
18.40%
|
|
|
Reliance Industries
RELIANCE | Energy
|
₹2,845.25
|
+1.50%
|
Bullish |
65.20
Strong
|
+15.70%
|
14.20%
|
|
|
Tata Motors
TATAMOTORS | Auto
|
₹892.65
|
+2.10%
|
Bullish Crossover |
72.30
Overbought
|
+24.50%
|
10.20%
|
|
|
Bharti Airtel
BHARTIARTL | Telecom
|
₹1,235.40
|
-0.40%
|
Bullish |
51.80
Neutral
|
+18.30%
|
12.70%
|
|
|
Larsen & Toubro
LT | Capital Goods
|
₹3,110.75
|
+0.95%
|
Bullish Crossover |
61.40
Strong
|
+17.90%
|
8.50%
|
|
|
Axis Bank
AXISBANK | Banking
|
₹1,010.25
|
+1.35%
|
Bullish |
57.80
Neutral
|
+14.20%
|
18.50%
|
|
|
Bajaj Finance
BAJFINANCE | Financial Services
|
₹6,935.10
|
+1.72%
|
Bullish Crossover |
63.50
Strong
|
+21.30%
|
19.60%
|
Understanding Technical Indicators
MACD (Moving Average Convergence Divergence)
- Bullish Crossover MACD line crosses above the signal line, indicating a potential uptrend
- Bullish MACD line is above the signal line, continuing the uptrend
- Bearish Crossover MACD line crosses below the signal line, indicating a potential downtrend
RSI (Relative Strength Index)
- Oversold (<30) Indicates potentially undervalued stock, buying opportunity
- Neutral (30-70) Stock is neither overbought nor oversold
- Overbought (>70) Indicates potentially overvalued stock, caution advised
Fundamental Analysis
Insights based on company financial performance
Quarterly Growth Leaders
Companies that have shown strong growth in both revenue and profit for the last two quarters. These fundamentally sound stocks also meet our technical criteria.
| Company | Sector | Revenue Q3 FY23 | Revenue Q4 FY23 | YoY Growth | Net Profit Margin | EPS Growth |
|---|---|---|---|---|---|---|
|
HDFC Bank
HDFCBANK
|
Banking | ₹52,350 Cr | ₹56,712 Cr | +16.2% | 21.8% | +15.7% |
|
Infosys
INFY
|
IT | ₹34,927 Cr | ₹37,410 Cr | +12.8% | 18.4% | +14.2% |
|
Reliance Industries
RELIANCE
|
Energy | ₹240,532 Cr | ₹257,164 Cr | +15.7% | 14.2% | +13.5% |
|
Tata Motors
TATAMOTORS
|
Auto | ₹88,432 Cr | ₹103,267 Cr | +24.5% | 10.2% | +27.8% |
|
Bharti Airtel
BHARTIARTL
|
Telecom | ₹35,804 Cr | ₹40,543 Cr | +18.3% | 12.7% | +16.5% |
Detailed Fundamental Metrics
Revenue Growth Trends by Sector
Profit Margin Analysis by Sector
Current Valuation Metrics
| Company | Current P/E | Forward P/E | PEG Ratio | P/B Ratio | ROCE | ROE | Debt to Equity |
|---|---|---|---|---|---|---|---|
|
HDFC Bank
|
19.8 | 17.4 | 1.25 | 3.2 | 15.7% | 17.3% | 0.82 |
|
Infosys
|
28.4 | 25.6 | 2.24 | 9.3 | 25.8% | 30.2% | 0.03 |
|
Reliance Industries
|
22.3 | 19.8 | 1.68 | 2.4 | 11.5% | 12.8% | 0.38 |
|
Tata Motors
|
38.6 | 25.2 | 1.39 | 6.8 | 9.7% | 16.4% | 1.42 |
|
Bharti Airtel
|
32.7 | 27.5 | 1.88 | 4.1 | 8.4% | 10.2% | 1.87 |
Understanding Fundamental Metrics
Growth Metrics
- Revenue Growth: Year-over-Year increase in company's sales, indicating market share expansion and business growth.
- Profit Growth: Increase in net income, showing improved profitability and operational efficiency.
- EPS Growth: Growth in Earnings Per Share, a key indicator of profitability on a per-share basis.
Valuation Metrics
- P/E Ratio: Price to Earnings ratio indicates how much investors are willing to pay per rupee of earnings.
- PEG Ratio: Price/Earnings to Growth ratio factors in expected earnings growth, with values under 1 potentially indicating undervaluation.
- ROE & ROCE: Return on Equity and Return on Capital Employed measure how efficiently a company uses its capital.
How to Use This Data:
Look for companies with consistent revenue and profit growth over multiple quarters, combined with reasonable valuation metrics. The best investment opportunities often combine strong fundamental metrics with positive technical signals.
Advanced Stock Screener
Customize your search criteria to find the perfect stock matches
Technical Filters
Fundamental Filters
General Filters
Your Saved Filters
Quality Growth Stocks
MACD Bullish, Revenue Growth >15%, Large Cap
Oversold Value Picks
RSI < 30, P/E < 15, Profit Margin > 10%
Breakout Candidates
Volume > 2x Avg, Near 52W High, Bullish MACD
Market Insights
Expert analysis and trends to inform your trading decisions
Daily Market Analysis
Market Summary for April 21, 2023
Indian equity markets continued their upward trajectory today, with both the Nifty and Bank Nifty indices closing in the green. The rally was led by banking, auto, and IT stocks, while pharmaceutical and FMCG sectors faced some selling pressure.
Key Observations:
- Heavyweights from banking and IT sectors contributed significantly to today's gains
- Market breadth remained positive with advancing stocks outnumbering declining ones
- FIIs turned net buyers after three consecutive sessions of selling
- Volatility index (India VIX) decreased, indicating market stability
Global Market Influence:
- Mixed signals from US markets with NASDAQ showing strength while Dow faces resistance
- Asian markets traded mostly higher following positive economic data from China
- Crude oil prices stabilized after recent volatility
- US dollar index showed weakness, supporting emerging market currencies
Market Outlook: The overall trend remains bullish for Indian markets with strong support levels established. Expect sector rotation to continue as the earnings season progresses. The Nifty has strong support at 22,000 levels, while resistance is seen around 22,250-22,400 zone.
Technical Trends
Trend Strength Analysis
Key Technical Levels
Nifty Support 1: 22,000
Nifty Support 2: 21,850
Bank Nifty Support 1: 47,000
Bank Nifty Support 2: 46,700
Nifty Resistance 1: 22,250
Nifty Resistance 2: 22,400
Bank Nifty Resistance 1: 47,500
Bank Nifty Resistance 2: 47,800
Sentiment Analysis
Market Sentiment Indicators
Neutral level indicating balanced options positioning
FIIs net bought ₹1,245 Cr; DIIs net bought ₹856 Cr
Options Analysis
Nifty options data suggests significant call writing at 22,300 and 22,500 levels, creating strong resistance. Put writing is concentrated at 22,000 and 21,800 strikes, providing key support. The max pain currently stands at 22,100, indicating potential consolidation around current levels.
Sector Analysis & Rotation
Leadership Sectors
- Banking +1.34%
- IT +0.95%
- Auto +0.82%
- Energy +0.68%
Underperforming Sectors
- Pharma -0.48%
- FMCG -0.23%
- Metals +0.12%
- Media +0.08%
Sector Rotation Analysis
The market is witnessing a rotation from defensive sectors like Pharma and FMCG towards high-beta sectors like Banking and IT. This rotation typically indicates increasing risk appetite and confidence in economic growth prospects.
Recommended Sector Allocation
Expert Insights
Rajesh Sharma
Chief Market Strategist
"The Indian markets continue to show resilience despite global headwinds. With strong domestic liquidity and improving corporate earnings, we maintain our bullish stance. The banking sector, particularly private banks, offer attractive risk-reward opportunities at current levels."
Key Recommendations:
- Maintain overweight position in financial services
- Selectively add quality IT stocks on dips
- Monitor auto sector for potential breakouts
Priya Desai
Technical Analysis Expert
"Technical indicators suggest a strong bullish momentum in the markets. The Nifty has formed a solid base above the 22,000 level, which should act as strong support. The RSI and MACD indicators are aligned positively across multiple timeframes, suggesting potential for further upside."
Technical Outlook:
- Nifty may test 22,400 in the near term
- Bank Nifty shows stronger momentum than broader market
- Midcap and smallcap indices showing early signs of outperformance
Market Calendar
Upcoming Market Events
| Date | Event | Importance | Expected Impact |
|---|---|---|---|
| Apr 22, 2023 | HDFC Bank Q4 Results | High | Banking sector, Nifty |
| Apr 24, 2023 | RBI MPC Meeting Minutes | High | Banking, Real Estate, Broader Market |
| Apr 25, 2023 | Reliance Industries Q4 Results | High | Energy, Telecom, Nifty |
| Apr 26, 2023 | US GDP Data (Q1) | Medium | Global Markets, IT Sector |
| Apr 28, 2023 | Monthly F&O Expiry | Medium | Increased Volatility |
Performance Tracking
Track the historical performance of recommended stocks
Performance Summary
Performance by Sector
Average Return by Sector
Performance Insights
Top Performing Sector
Auto & Ancillaries have outperformed all other sectors with an average return of 18.6%. Key drivers include strong volume growth, margin expansion, and positive industry outlook.
Strong Banking Performance
Banking & Finance recommendations have delivered consistently strong returns driven by credit growth, asset quality improvement, and favorable interest rate environment.
FMCG Sector Caution
FMCG remains the only sector with negative average returns, influenced by margin pressures due to high input costs and slower volume growth in rural markets.
Sector Rotation Strategy
Based on performance data, a sector rotation strategy focusing on Auto, Banking, and Metals sectors could potentially maximize returns in the current market environment.
Recent Recommendations Performance
| Stock | Sector | Recommendation Date | Recommended Price | Current Price | Return | Status |
|---|---|---|---|---|---|---|
|
HDFC Bank
HDFCBANK
|
Banking | Mar 28, 2023 | ₹1,584.50 | ₹1,642.85 | +3.68% | Profitable |
|
Infosys
INFY
|
IT | Apr 03, 2023 | ₹1,365.80 | ₹1,428.50 | +4.59% | Profitable |
|
Reliance Industries
RELIANCE
|
Energy | Mar 22, 2023 | ₹2,702.15 | ₹2,845.25 | +5.30% | Profitable |
|
Tata Motors
TATAMOTORS
|
Auto | Mar 15, 2023 | ₹814.60 | ₹892.65 | +9.58% | Profitable |
|
Bharti Airtel
BHARTIARTL
|
Telecom | Apr 05, 2023 | ₹1,262.35 | ₹1,235.40 | -2.13% | Loss |
|
Larsen & Toubro
LT
|
Capital Goods | Mar 30, 2023 | ₹2,985.20 | ₹3,110.75 | +4.21% | Profitable |
|
Sun Pharmaceutical
SUNPHARMA
|
Pharma | Apr 10, 2023 | ₹1,028.75 | ₹995.20 | -3.26% | Loss |
Performance Metrics Over Time
Strategy Performance vs. Benchmark
This chart shows the cumulative performance of our stock recommendations compared to the Nifty 50 index over time.
Performance Chart
(Our recommendations vs. Nifty 50)
Key Performance Statistics
- Alpha (Annualized): 3.7%
- Beta: 1.12
- Sharpe Ratio: 1.43
- Max Drawdown: -8.2%
- Avg. Holding Period: 32 days
Performance by Market Cap
- Large Cap: +10.8%
- Mid Cap: +15.3%
- Small Cap: +18.7%
Mid and Small cap recommendations have outperformed Large caps, reflecting the broader market trend.
Strategy Insights
- • Technical indicators have shown 72% accuracy in predicting short-term movements
- • Stocks with strong MACD signals combined with RSI between 40-60 performed best
- • Fundamental filters effectively eliminated potential underperformers
- • Sector rotation strategy added approximately 2.2% to overall performance
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Frequently Asked Questions
How often are stock recommendations updated?
Our stock recommendations are updated daily by end of day (EOD) after market hours. You can check for the latest picks every trading day.
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Yes, we offer both free and premium subscription plans. Premium subscribers get access to advanced filters, real-time alerts, and detailed analysis reports.
How can I track the performance of recommended stocks?
You can use our Performance Tracking feature to monitor how our recommendations have performed over time. This helps you assess the effectiveness of our strategy.