Discussion of Pawan Jaiswal on Trent, Tata Tech, Canara Bank, IFCI & more on CNBC Bajar.

Summary

In this discussion, Pawan Kumar Jaiswal from William Onal India analyzes the current volatile market, influenced by geopolitical tensions such as the Iran-Israel conflict and fluctuating crude prices. He highlights the market's range-bound nature, with Nifty trading between 24,500 and 25,200, and predicts potential upside for Nifty towards 25,700-25,800. Jaiswal also discusses stock-specific advice, including bullish outlooks on retail and banking sectors, and provides insights into specific stocks like Tata Technologies, Canara Bank, and Punawala Fincorp. His overall advice emphasizes holding stocks with positive long-term prospects while staying vigilant for breakout signals.

Takeaways

• 😀 Geopolitical tensions, including issues between Iran, Israel, and the US, are contributing to ongoing market volatility.
• 😀 The Nifty 50 is expected to remain in a range of 24,500–25,200, with a potential breakout above 25,200 leading to levels of 25,700-25,800.
• 😀 The Bank Nifty is also in a range between 55,000–57,000, and a breakout above 57,000 could push it to 58,500-59,000.
• 😀 Despite the volatility, banking and financial sectors continue to lead the market, suggesting a potential outperformance in the upcoming weeks and months.
• 😀 Retail stocks such as DMART, TRENT, and KVM have been performing well, with the possibility of 10-12% returns in the coming weeks.
• 😀 Tata Technologies (TATA TECH) is currently in a slight downtrend but could see a bounce back if it holds the level of ₹700. Long-term investors should hold.
• 😀 Canara Bank remains a positive pick, with potential growth towards ₹125 despite some recent profit booking in the last few weeks.
• 😀 Asia's stock has improved due to strong institutional support and positive Q1 results, suggesting a long-term hold for at least three years.
• 😀 Equitas Small Finance Bank shows improvement and may reach ₹70 in the short term. Investors are advised to hold with a stop loss at ₹62 and target ₹82 in 3-4 months.
• 😀 Poonawalla Fincorp is on an upward trend with expectations of reaching ₹470-475. It is a recommended buy with a stop loss at ₹408 for short-term traders.
• 😀 Polycab is undergoing a short-term consolidation breakout, with potential levels of ₹6,800–6,900 in the near future.

Q & A

What is the current state of the market according to Pawan Kumar Jaiswal?

Pawan Kumar Jaiswal explains that the market is experiencing volatility due to ongoing geopolitical tensions, particularly involving Iran, Israel, and the US. This has led to a range-bound market with no clear bullish or bearish trend.

What are the expected levels for Nifty based on the current market conditions?

The Nifty is expected to trade within a range of 24,500 to 25,200. If it breaks above 25,200, it could potentially reach levels of 25,700 to 25,800 in the coming weeks.

How is Bank Nifty performing and what is its expected range?

Bank Nifty is also experiencing a range-bound movement between 55,000 and 57,000. The key level to watch is 56,000, as a breakout above this could lead to levels of 58,500 to 59,000.

What factors are contributing to the volatility in the market?

Geopolitical tensions, such as the Iran-Israel and US-Israel conflicts, are contributing to the volatility. These global uncertainties are affecting market sentiment and causing fluctuations.

What is the outlook for the retail sector in the market?

Pawan Kumar Jaiswal highlights that the retail sector, including stocks like DMART, TRENT, and KVM, is showing positive momentum. The technicals have improved, and he expects a 10-12% upside in these stocks in the coming weeks.

What should an investor do with Tata Technologies shares?

Tata Technologies is currently in a slight downtrend, but Pawanji expects a bounce back if the stock holds around 700. He recommends holding the stock for mid-to-long-term investors with some patience.

What is the recommendation for Canara Bank?

Canara Bank is showing a positive structure with strong support from the 50-day moving average. Pawanji recommends holding the stock, as it could potentially reach levels of 125 in the near future.

What is the long-term outlook for Asia's stock?

Asia's stock has improved after the correction, and institutional holding has increased. Pawanji suggests holding the stock for at least three years, given its positive long-term outlook.

What is the expected performance of Equitas Small Finance Bank?

Equitas Small Finance Bank has shown a positive structure with a potential upside to 88 in the next 3-4 months. Pawanji advises holding the stock with a stop loss at 62.

What should investors do with Poonawalla Fincorp stock?

Poonawalla Fincorp shows strong momentum and is expected to reach levels of 470-475 in the coming weeks. Pawanji recommends holding the stock with a stop loss at 408 for those looking to invest short-term.

How is Polycab performing, and what are the price expectations?

Polycab has shown positive short-term movement, with a consolidation breakout happening. Pawanji expects the stock to reach levels between 6800 and 6900 in the near future.

What final advice does Pawan Kumar Jaiswal give to investors?

Pawanji advises that viewers should always consult their investment advisors or use their own judgment before making any trades or investments. It's important to consider professional advice and the individual risk profile.