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Here are the top three stocks below Rs 100 to monitor for the upcoming week, having witnessed a breakout:

Now, what does the future hold for the Nifty? Well, as long as the low of the prior trading session remains intact, the bullish trend is expected to persist. 

65 stocks have seen their circuit limit being revised from existing 10 per cent to 20 per cent including Bank of India, Rajratan Global Wire, Mangalore Chemicals & Fertilizers, Delhivery. 

With benchmark at record high and improvement in the broader participation in the last trading session of the week would play a critical role in shaping the market trend. Traders are advised to follow the trend and focus on identifying stocks which could outperform ahead and hence, we have identified two small-cap stocks which have potential to standout on D-street in the coming trading sessions.  

On National Stock Exchange (NSE) has revised the circuit limit of two stocks. Out of two stocks, one stock has seen circuit limit being narrowed while for the other one, circuit filter got widened.

The majority of the sectors ended with gains, led by Nifty Metal, which surged over 1 per cent. It was followed by Nifty Financial Services, which rose 0.91 per cent.   

Interestingly, it has also hit back-to-back upper circuits in the last three trading sessions

The global brokerage firm Nomura has maintained a cautious stance on the IT services sector and expects a significant moderation in the revenue growth rate of the Indian IT companies in FY24 vs FY23.

Once a darling of investors but now an evil, it’s the saga of Nifty IT sector, which lost nearly 25 per cent in the last Q2 of the calendar year 2022. Moreover, on a YTD basis, it shed as much as 28 per cent.   

 Indices witnessed severe selling pressure towards the end and Nifty plunged over 200 points from its day’s high.

Indices lost points for the third consecutive day as Nifty fell about 0.62 per cent to close at 16,025.80.

Going ahead, the theme of sector churning and stock-specific outperformance is likely to remain intact and hence, we have come out with a list of stocks that should be on your radar.  

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform.  Here is the list of stocks    

The Indian market ended the day in the green territory after witnessing the worst fall in yesterday's trading session. The BSE Sensex gained by 0.64 per cent to close at 57,858.15. Similarly, the BSE MidCap also jumped by 246 points to a level of 24,245 points i.e. up by 1.03 per cent. The BSE SmallCap index also rose by 231 points and landed at 28,869 levels up by 0.81 per cent.

Interestingly, it was the IT sector again that provided the much-needed support to the index and this was quite evident from the fact that among the top three contributors, two were from the IT sector namely, Infosys & TCS.   

Interestingly, all the constituents of Nifty IT index ended in positive, ahead of quarterly earnings. Meanwhile, the IT heavyweights such as Tata Consultancy Services, Infosys, and Wipro will publish their Q3 earnings on Wednesday.

So, let’s know which the top-performing stocks from Nifty IT index were in the month of December. Interestingly, all the stocks delivered positive returns in the month of December! However, the top-performing stocks were not the usual names like TCS or Infosys; instead, the top three performers were the overlooked ones!   

We expect stock-specific action to continue on D-Street. Hence, we have handpicked some of the best stocks for swing trading based on the T20 breakout system. So, here is the list of the stocks:  

The current market scenario seems more like a trading market than an investing market. A scrip-specific approach is advocated. Hence, we have come up with a list of stocks based on the T20 breakout system. 

The current market scenario seems more like a trading market than an investing market. A scrip-specific approach is advocated. Hence, we have come up with a list of stocks based on the T20 breakout system.   

Despite the fact that Nifty dropped about 250 points from the day’s high; there are a few stocks that appeared in the T20 breakout system. This is due to the reason that the broader market indices relatively outperformed the frontline gauge. 

Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Nifty IT ETF that essentially tracks Nifty IT TRI. Read on to find out more about it.