State Bank of India: Reason: SBI is the largest public sector bank in India, known for its significant market influence and liquidity. Intraday traders often look at stocks with high liquidity to ensure easy entry and exit.
Considerations: Monitor overall market sentiment, news related to banking regulations or interest rates, and technical indicators such as volume and price movements.
ICICI Bank: Reason: ICICI Bank is one of the largest private sector banks in India, known for its robust financial performance and wide range of banking services.
Considerations: Similar to SBI, track market sentiment and macroeconomic factors affecting the banking sector. Look for intraday patterns and momentum indicators.
Sun Pharmaceutical Industries Ltd: Reason: Sun Pharma is a leading player in the Indian pharmaceutical industry, with a strong product portfolio and global presence.
Considerations: Check for any recent developments in drug approvals, clinical trial results, or regulatory changes affecting the pharma sector.
Dr. Reddy’s Laboratories Ltd: Reason: Dr. Reddy’s is another major player in the Indian pharma market, known for its research-driven approach and diverse product offerings.
Considerations: Monitor news related to FDA approvals (if applicable), drug launches, and global market trends in pharmaceuticals.
Oil and Natural Gas Corporation Ltd: Reason: ONGC is India’s largest exploration and production company, involved in oil and natural gas exploration both within India and internationally.
Considerations: Monitor global oil prices, production updates, exploration activities, and any regulatory changes impacting the upstream oil sector.
NTPC Ltd: Reason: NTPC is India’s largest power utility company, involved in power generation and related activities.
Considerations: Keep an eye on electricity demand trends, regulatory updates in the power sector, and any news regarding capacity expansion or renewable energy initiatives.
Zee Entertainment Enterprises Ltd: Reason: ZEEL is a prominent player in the Indian media industry, known for its diverse television broadcasting and digital content offerings.
Considerations: Look for news related to viewership ratings, new content launches, and advertising revenues. Monitor technical indicators for intraday trading signals.
Sun TV Network Ltd: Reason: Sun TV is a major broadcaster in South India, with a strong presence in television and digital media platforms.
Considerations: Track developments in regional content, advertising trends, and any regulatory announcements affecting the media sector.
Infosys Ltd: Reason: Infosys is another major player in the Indian IT services industry, offering a wide range of services including consulting, technology, and outsourcing.
Considerations: Monitor news related to client wins, digital transformation projects, and any updates on regulatory changes impacting the IT sector.
Wipro Ltd: Reason: Wipro is known for its IT services, consulting, and business process services. It has a significant presence in global markets and diverse industry verticals.
Considerations: Track developments in key client engagements, digital initiatives, and any market-specific news affecting IT outsourcing trends.
Disclaimer: Please note that these are our observations based on the current market performance and past data. It is always a good idea to do your own research before making any trading decisions. Also, consider using fundamental & technical analysis tools to identify entry and exit points. Always stay informed about market news and events that could impact these stocks.
Happy trading 😊
