Outlook, Technical Call Of The Day & Top 5 Stocks In Focus For 30th May 2025

Nifty Index opened on a positive note and witnessed swings within a defined range throughout the session. The index gradually inched lower until the final hour, reflecting a lack of momentum for most of the day. However, in the last hour, bulls made a strong comeback as sharp buying emerged, pushing the index over 150 points higher to reclaim the 24800 zone. On the daily chart, Nifty formed a small-bodied bullish candle with a long lower shadow, indicating that buyers stepped in at lower levels and providing support at lower levels. Now it has to hold above 24800 zones for an up move towards 25000 then 25200 levels while on the downside support is seen at 24750 then 24600 zones.

On option front, Maximum Call OI is at 25000 then 25500 strike while Maximum Put OI is at 24800 then 24500 strike. Call writing is seen at 24800 then 25000 strike while Put writing is seen at 24800 then 24700 strike. Option data suggests a broader trading range in between 24300 to 25300 zones while an immediate range between 24600 to 25000 levels.

S&P BSE Sensex opened on a positive note but witnessed a corrective move during the first half of the session. The index remained range-bound through the mid-session, oscillating within a narrow band and witnessed short covering in the final hour. On the daily chart, a small bodied candle with a long lower shadow has emerged, indicating buying interest near support levels and reflecting underlying positive market sentiment. Now it has to hold above 81500 zones for an up move towards 81900 then 82200 zones while on the downside support is seen at 81300 then 81000 zones

Bank Nifty Index opened on a positive note and extended the momentum towards 55725 marks in the initial tick of the session. However it failed to hold at higher zones and drifted lower towards 55100 zones in the first half of the session. Later it remained choppy but sharp uptick of almost 500 points was seen in last half an hour of the day as Index headed towards 55750 levels. It formed a Doji kind of candle on daily scale with long lower shadow as buying is visible at lower levels and holding well above its 20 DEMA. Now it has to hold above 55250 zones for an up move towards 55750 then 56000 levels while on the downside support is seen at 55250 then 55000 zones.

Nifty future closed positive with gains of 0.28% at 24831 levels. Positive setup seen in Cummins India, Deepak Nitrite, Prestige Estate, RBL Bank, Jindal Stainless, OIL India, DLF, Hindustan Zinc, PB Fintech, Paytm, Granules, BSE and IndusInd Bank India while weakness in Apollo tyres, Escorts, L&T Finance, Max Healthcare, Muthoot Finance, GAIL, Indian Bank, Godrej Consumer Products, ITC, Dixon, SJVN and Bajaj FinServ

JYOTHYLAB - TECHNICAL CALL OF THE DAY

Stock has taken multiple support near 330 odd levels and has bounced back from there. Currently, the stock is trading higher but risk reward looks favorable given the positive auto fib extension, RSI divergence which is positive. Interestingly, the volumes have increased and in this the delivery based buying is also healthy indicating accumulation happening at lower levels.

BUY JYOTHYLAB CMP 345.45 SL 342.05 TGT 355.70

Top 5 stocks to watch out for 30th May

DB Realty

Valor Group has entered into a Joint Venture Agreement with Prestige Estates to develop the Property in the aggregate 21,978.22 sq. mts. lying and being at Sahar, Village – Andheri East, Mumbai for commercial use entailing a total leasable area of approx. 1.50 million sq ft and a Gross Development Value of approx Rs. 4,500 crore. Both Prestige and Valor Group shall have a 50% economic interest in the Project.

Mazagon Dock

Mazagon Dock reported results for the March quarter and the numbers were dented due to higher expenses. However, the company has surpassed its FY25 guidance on the revenue and margins front. In Q4FY25, the company's revenue rose 2.3% YoY to Rs 3,174 crore. However, EBITDA plunged 83% to Rs 89 crore, with margins dropping to 2.82% from 16.9%. Net profit also fell sharply by 51% to Rs 325 crore from Rs 662 crore last year.

Amara Raja Batteries

Amara Raja reported PBT of Rs 1,299 crore for FY25. The Revenue for FY25 stood at Rs 12,405 crore as compared to Rs 11,260 crore during FY24. The company reported revenue of Rs 2,974 crore and PBT of Rs 224 crore for Q4FY25. The company recorded an impressive revenue growth on the back of strong volume growth in both automotive and UPS Applications. However, margins were adversely impacted due to a surge in alloy prices and power cost due to regulatory changes in solar power settlements and fuel surcharges.

RVNL

Rail Vikas Nigam Limited (RVNL) has signed MoU with M/s Texmaco Rail & Engineering Limited. The MoU aims to establish a framework for collaboration in areas of mutual interest, particularly in the field of railway infrastructure and allied sectors.