NILESH JAIN

Is Nifty set for a breakout? Analysts see signs of a shift ahead

Nifty hovered near 24,175, needing to clear 24,200 to regain strength. Analysts suggest bullish option spreads for rebounds and caution against a 23,900 break. HEG and Laurus Labs are recommended buys with specific targets and stop losses. Glenmark Pharmaceuticals and Shipping Corporation of India also present buying opportunities. Newgen Software and Elgi Equipments show positive chart setups for investors.

Looking for 2026 winners? Hindustan Copper, BSE among 10 stocks with up to 36% upside

Market breadth cracks deepen as ADR sinks to 10-month low

Despite calm headline indices, underlying market weakness is evident as the Advance-Decline Ratio hit a 10-month low in November, further declining in December. This indicates a shift towards caution, with investors favoring large-cap stocks over mid and small-caps, signaling growing strain beneath the surface.

Bank Nifty’s oversold zone could trigger sharp pullback: Nilesh Jain

After underperforming, Bank Nifty showed signs of recovery, sparking hopes for a market bounce. Nilesh Jain highlighted support at 53,800, with potential upside to 55,500, while also recommending Finolex Industries and Cummins India as stock-specific opportunities amid cautious Nifty trends.

Risk-reward attractive; I would like to bet on Infosys, HCL Tech, TCS, even Wipro: Nilesh Jain

Nilesh Jain of Centrum Broking is optimistic about OMC and crude-related stocks, with Asian Paints showing strong rebound potential. He anticipates Nifty to reach 24,700-24,800 and Bank Nifty to target 55,600-56,000, advising a buy-on-dips strategy. The IT sector, particularly large-cap stocks, is expected to recover, targeting a Nifty IT index level of 36,000.

Pullbacks may see selling, but F&O inclusions boost long-term outlook: Nilesh Jain, Centrum Broking

The inclusion of new stocks in the F&O segment could lead to short-term selling pressure. However, the long-term impact is likely to be positive as it increases the number of investable stocks and attracts more liquidity.

Diwali Muhurat trading today: Timings, how to trade and which stocks to buy

Diwali Muhurat Trading 2024: Although off their 2024 peaks, Indian benchmark indices have delivered strong returns since last Diwali, with Nifty up by 25% and the S&P BSE Sensex rising 23%. Broader markets outperformed, with the BSE 500, BSE Midcap, and BSE Smallcap indices gaining 37%, 47%, and 47%, respectively, over this period.

Momentum Pick: This multibagger sees ‘buy’ crossover, seems unstoppable before hitting lifetime high

Mazagon Dock Shipbuilders, a state-run defense PSU, has seen its stock rally over the past six trading sessions and is likely to surpass its all-time high of Rs 936. The multibagger stock has delivered returns of over 180% in the last 12 months, outperforming the Nifty50 by more than 170% during the period. Technical analyst Nilesh Jain of Centrum Broking has recommended a 'buy' on the stock with a target price of Rs 930 and a stop loss at Rs 740, based on positive chart structure and higher tops and higher bottoms formation. The stock is trading below the industry median PB value and reported Q4FY23 revenue of Rs 2,078.60 crore, up 49% YoY.

Momentum Pick: After 330% returns in 1 year, is this multibagger ready for fresh rally?

Mumbai-based Apar Industries’ shares have surged by 330% over the last year, outperforming the Nifty50, which has returned 12.5% in the past 12 months. The stock’s growth can be attributed to its technical performance and strong fundamentals, suggest reports. Technical analyst Nilesh Jain predicts the stock could reach INR3,200 ($43) and even INR3,500, while fundamental analysis by local brokerage firm Prabhudas Lilladher forecasts a target of INR3,832, a 45% upside. The firm recently revised its FY25E forecasts up by 11.2% on the expectation of demand for conductors and cables in markets such as the US, Australia and Europe.

A slip between cup and lip: MRF misses the 1 lakh mark by just Rs 67 despite hitting a 52-week high

MRF shares reached a 52-week peak of INR99,933.50 ($1,356) before closing at INR97,750 ($1,324), falling short of the coveted INR100,000 mark by INR66.50 ($0.90). Over the last three trading sessions, the stock saw almost 11% growth and gains of over INR10,000 per share. MRF outperformed the Nifty50, delivering more than 37% returns compared to the 9% returned by the 50-stock index. Technical analyst Nilesh Jain said MRF was set to surpass the INR100,000 mark and could test levels of INR105,000, although he cautioned against fresh buying at higher levels.

Momentum Pick: After 81% returns in last 12 months, Grauer & Weil poised for another 25% upside

Despite a weak and volatile market, Grauer & Weil (India) shares have given a robust near 30% returns, this year, and the stock is placed strongly on the charts. The stock has a potential upside of up to 25% aided by technical and fundamental triggers.

Momentum Pick: 95% returns in 1 year, Mrs Bectors shares poised for another 10-27% upside

Mrs Bectors Food Specialities Limited (MBFSL) has given investors returns of over 90% despite poor benchmark performances in the last year, with predictions that it could deliver between 10% and 27% returns over the long term. The company makes and markets several types of biscuits and has a strong northern presence in India, sold under flagship brand Mrs. Bector's Cremica, and is expected to benefit from both technical and fundamental factors. Recommendations include a 10% increase in target prices to Rs 650 by Centrum Broking and upside potential of 27% from Sharekhan.

Momentum Pick: Decisive breakout in Phoenix Mills to trigger buying action

The stock has given returns of 28% over the one-year period and outperformed Nifty50 which has returned 1.5% in the same time. It also beat the Nifty Realty index which dropped 13.72% during the same period.

Momentum Pick: Jyothy Labs share may see 30% upside in next 12 months; time to buy?

Momentum indicators RSI and MFI are in a medium range at 36.4 and 47.8, respectively, according to Trendlyne which suggests that a pullback can be expected in this stock. A number below 30 suggests that the stock is trading in an oversold zone while above 70 it is in the overbought zone.

Momentum Pick: Should you buy or sell Sona BLW stock on current trends?

The trend in this counter is negative and investors could look to sell it on rise, Jain said. His view on the tock is over positional term. Any material upside in the stock will open only if the counter breaches over Rs 470 which is a strong support zone, Jain added.

Momentum Pick: Despite 7% correction in 6 sessions, stock poised for 25% gains

The stock of PNB has outperformed the Nifty50 by more than 32% over a 12-month period giving returns of 36% as against 4% returned by the broader market index according to a data sourced from Trendlyne.

Momentum Pick: With 90% returns in 1 year, Godfrey Phillips is set to breach 52-week high

Godfrey Phillips shares have outperformed the bench marks on a consistent basis. According to data sourced from StockEdge, the returns given by this counter over the last 2, 5 and 10 years are 112%, 138% and 220% respectively with an exception of the last three months where they have been nearly negative 2%.

Sectoral Spotlight: Export relaxation, ethanol story brings sugar sector in focus; Balrampur Chini top pick

Over the last five financial years, the cap on sugar exports has varied. In 2018-19, 2019-20, 2020-21 and 2021-22, sugar companies were allowed to export 3.8 million tonnes, 5.9 million tonnes, 7 million tonnes and 11 million tonnes, respectively.

Trading Strategy: How to trade TCS ahead of June quarter results?

“TCS after a long consolidation has formed a base that resembles an inverted head and shoulder pattern on the daily chart where the neckline of the same is placed at Rs 3330,” Nilesh Jain, Analyst - Technical and Derivatives Research, Centrum Broking, said.

Avoid contra bets on Nifty as long as it trades below 16,400: Nilesh Jain of Centrum Broking

"Avoid carrying any leveraged position, don't exit quality stocks, and don't panic. It is a good time to create a long-term portfolio of bluechip stocks in a staggered manner...As long as the Nifty trades below 16400, one needs to adopt a cautious stance and avoid taking any aggressive contra bet on the index. The overall trend still looks weak and sell on the rise should be the strategy. "

Standing committee recommendations key to IBC success: Crisil

Implementation of key recommendations of a parliamentary standing committee is crucial for the success of IBC which has been hit by delays and declining recovery rates just five years after its inception, rating agency Crisil said.

Trend Micro appoints Vijendra Katiyar as Country Manager, India & SAARC

Vijendra Katiyar will be leading Trend Micro’s India and SAARC operations, focusing on steering customer and business growth and increasing the company’s overall market share across India.