Tag: investment guide

Day Trading Guide: 6 Stocks to Watch Out for on, Jan 3

The stock market is expected to witness some volatility and profit-booking on Wednesday, January 3, as the investors await the outcome of the US Senate runoff elections in Georgia, which will determine the balance of power in the US Congress. The market is also likely to react to the latest developments on the coronavirus pandemic, the vaccine rollout, and the economic data. Here are six stocks that you can buy or sell on Wednesday, based on the technical analysis and recommendations of the experts at HDFC Securities.

Buy: Reliance Industries Ltd (RIL)

RIL is one of the most valuable and diversified companies in India, with interests in oil and gas, telecom, retail, digital, and media sectors. The stock has been in an uptrend since March 2020, and has recently broken out of a consolidation phase, indicating a continuation of the bullish momentum. The stock has also crossed above its 50-day and 200-day moving averages, which are positive signals. The stock has a strong support at ₹1,900, and a resistance at ₹2,100. The experts suggest buying the stock at the current level, or on dips, with a stop loss at ₹1,880, and a target of ₹2,080.

Sell: Tata Motors Ltd

Tata Motors is one of the leading automobile manufacturers in India, with a presence in passenger vehicles, commercial vehicles, and electric vehicles segments. The stock has been in a downtrend since November 2020, and has recently broken below its 50-day and 200-day moving averages, indicating a bearish trend. The stock has also formed a lower top and lower bottom pattern, which is a negative sign. The stock has a strong resistance at ₹185, and a support at ₹160. The experts suggest selling the stock at the current level, or on rallies, with a stop loss at ₹188, and a target of ₹162.

Buy: HDFC Bank Ltd

HDFC Bank is one of the largest and most profitable private sector banks in India, with a strong presence in retail, corporate, and digital banking segments. The stock has been in an uptrend since March 2020, and has recently broken out of a flag pattern, indicating a bullish breakout. The stock has also crossed above its 50-day and 200-day moving averages, which are positive signals. The stock has a strong support at ₹1,400, and a resistance at ₹1,500. The experts suggest buying the stock at the current level, or on dips, with a stop loss at ₹1,380, and a target of ₹1,490.

Sell: Bharat Heavy Electricals Ltd (BHEL)

BHEL is one of the largest and oldest public sector engineering and manufacturing companies in India, with a presence in power, industrial, and transportation sectors. The stock has been in a downtrend since November 2020, and has recently broken below its 50-day and 200-day moving averages, indicating a bearish trend. The stock has also formed a lower top and lower bottom pattern, which is a negative sign. The stock has a strong resistance at ₹40, and a support at ₹32. The experts suggest selling the stock at the current level, or on rallies, with a stop loss at ₹41, and a target of ₹33.

Buy: Infosys Ltd

Infosys is one of the leading and most reputed IT services and consulting companies in India, with a global clientele and a diversified portfolio. The stock has been in an uptrend since March 2020, and has recently broken out of a triangle pattern, indicating a bullish breakout. The stock has also crossed above its 50-day and 200-day moving averages, which are positive signals. The stock has a strong support at ₹1,150, and a resistance at ₹1,250. The experts suggest buying the stock at the current level, or on dips, with a stop loss at ₹1,130, and a target of ₹1,240.

Sell: Hindalco Industries Ltd

Hindalco is one of the largest and most integrated aluminium and copper producers in India, with a presence in mining, refining, smelting, and downstream sectors. The stock has been in a downtrend since November 2020, and has recently broken below its 50-day and 200-day moving averages, indicating a bearish trend. The stock has also formed a lower top and lower bottom pattern, which is a negative sign. The stock has a strong resistance at ₹240, and a support at ₹210. The experts suggest selling the stock at the current level, or on rallies, with a stop loss at ₹245, and a target of ₹215.

Shine Bright with Gold: A Guide to Investing in the Sovereign Gold Bond 2023-24 Series III

For gold enthusiasts seeking a secure and hassle-free investment option, the Sovereign Gold Bond (SGB) 2023-24 Series III, opening today, December 18th, 2023, presents a golden opportunity. This government-backed scheme offers a unique blend of gold’s timeless appeal with the stability of guaranteed returns, making it an attractive choice for both seasoned investors and gold novices alike.

But what exactly is the SGB scheme, and how can you invest in it? This comprehensive guide unravels the intricacies of this investment avenue, empowering you to make informed decisions.

Unveiling the Sovereign Gold Bond Scheme:

Image Credit-growndigital.in

Launched in November 2015, the SGB scheme aims to channelize domestic gold savings into financial assets, thereby reducing physical gold demand. Issued by the Reserve Bank of India (RBI) on behalf of the Indian government, these bonds offer a convenient and secure way to own gold without incurring storage or purity concerns.

Key Features of the SGB 2023-24 Series III:

Image-NDTV
  • Subscription Period: Open from December 18th to 22nd, 2023.
  • Issue Price: Fixed at Rs. 6,199 per gram of gold, as announced by the RBI on December 15th, 2023.
  • Denomination: Minimum investment of Rs. 1,000 (one gram of gold) and maximum of Rs. 4,000,000 (per individual per financial year).
  • Tenure: 8 years, with an exit option after the 5th year at interest accrued.
  • Interest Rate: 2.5% per annum (payable semi-annually) on the initial issue price.
  • Tax Benefits: Interest earned is tax-free. Capital gains tax exemption if redeemed after maturity or transferred to demat form.

Investing in the SGB 2023-24 Series III:

  • Eligibility: Indian residents (individuals, Hindu Undivided Families, and institutions) can subscribe through authorized commercial banks, stock exchanges, and the India Post.
  • Documents Required: PAN card, valid KYC documents, and bank account details.
  • Investment Process: You can subscribe online through net banking or offline at designated bank branches. The issue price for online purchases might be discounted by Rs. 50 per gram.

Why Invest in SGBs?

Here are some compelling reasons to consider investing in the SGB 2023-24 Series III:

  • Safe and Secure: Backed by the government, SGBs offer minimal risk.
  • Diversification: They can diversify your portfolio and hedge against inflation and market volatility.
  • Liquidity: You can trade SGBs on stock exchanges after the lock-in period.
  • Regular Income: Guaranteed interest payments provide periodic returns.
  • No Storage Worries: Avoid hassles of physical gold storage and theft risks.

Before You Invest:

  • Understand your risk appetite: SGBs are subject to gold price fluctuations.
  • Compare with other investment options: Evaluate SGBs against gold ETFs, physical gold, and other investment avenues.
  • Invest judiciously: Align your SGB investment with your overall financial goals.

Investing in the SGB 2023-24 Series III offers a secure and profitable way to add gold to your portfolio. With its attractive features and ease of investment, this scheme presents a gleam of opportunity for discerning investors. So, shine bright with gold and embrace the benefits of the SGB!

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