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Weekly Report: 02nd May 23

Weekly Trend Report

  • May 2, 2023
Week Gone By
  • In the week ended on Friday, 28 April 2023, the S&P BSE Sensex jumped 1,457.4 points or 2.4% to settle at 61,112.4. The Nifty 50 index advanced 440.9 points or 2.5% to settle at 18,065.
  • The BSE Mid-Cap index added 2.6% to settle at 25,492.4.
  • The BSE Small-Cap index gained 2.4% to close at 28,917.1.
Week Ahead
  • On the domestic macro front, the March 2023 quarterly earnings will continue to remain in focus
  • Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for April on 1 May 2023.
  • S&P Global services PMI for April will be announced on 3 May 2023.
  • Euro Area inflation rate for April will be declared on 2 May 2023. While ECB will announce its interest rate decision on 4 May 2023.
Technical Overview
The 50 index closed on an exuberant note for the month scaling 705 points i.e. ~4%. The price action saw piercing out of a small base pattern and 50% retracement level and saw a follow-through day on tepid volumes on the daily timeframe. The daily RSI is trading marginally in the overbought zone and above the median on the weekly scale. This indicates room for further thrust. However, the price action faces immediate resistance in the zone of 18130—18200 which are previous supply zones. It will be crucial that the index steers clear and sustains above the mentioned zone to attract further bullish momentum.
Support: 17950- 17800-17700
Resistance: 18130 – 18200 – 18450

To view the detailed report click on the Download Report link below

Weekly Report: 08th May 23

Weekly Trend Report

  • May 8, 2023
Week Gone By
  • In the week ended on Friday, 5 May 2023, the S&P BSE Sensex declined 58.15 points or 0.10% to settle at 61,112.44. The Nifty 50 index added 4 points or 0.02% to close at 18,069.
  • The BSE Mid-Cap index advanced 1.41% to settle at 25,851.86.
  • The BSE Small-Cap index gained 1.27% to close at 29,283.87.
Week Ahead
  • On the domestic macro front, the March 2023 quarterly earnings will continue to remain in focus.
  • Coal India will declare its quarterly financial results on 7 May 2023. Canara Bank, UPL will announce their financial results on 8 May 2023. Bosch, Dr Reddy’s Laboratories & Larsen & Toubro will announce their financial results on 10 May 2023
  • US will announce inflation data for April on 10 May 2023.
  • China will announce inflation rate for April on 11 May 2023.
Technical Overview
Nifty opened for the week on a minor gap-up of 60 points for the week and remained choppy within 225 points of the trading range. The index scaled above the 18250 mark however it failed to sustain at higher levels and pared all the weekly gains as it closed at the support of the gap-up zone near 18065. The VIX surged 12.31% during the week. The zone of 18035-17975 will act as a crucial support zone whereas the 18100-18200 zone as stiff resistance in the week to come and the index is anticipated to attract further bullish momentum on closing and sustaining above the resistance zone.
Support: 18065- 17975-17860
Resistance:18130 – 18200 – 18250

To view the detailed report click on the Download Report link below

Weekly Report: 15th May 23

Weekly Trend Report

  • May 15, 2023
Week Gone By
  • In the week ended on Friday, 12 May 2023, the S&P BSE Sensex surged 973.61 points or 1.59% to settle at 62,027.90. The Nifty 50 index rallied 245.8 points or 1.36% to close at 18,314.80.
  • The BSE Mid-Cap index advanced 1.35% to settle at 26,200.75.
  • The BSE Small-Cap index gained 1.14% to close at 29,616.61.
Week Ahead
  • Overseas, China will announce Industrial Production data for April on 16 May 2023.
  • Japan will announce inflation data for April on 19 May 2023.
  • The US retail sales data for April will be declared on 16 May 2023.
Technical Overview
The head index saw a tepid positive start to the week as it managed to break above the 230 points trading range established in the penultimate week. However, as the week progressed it further entered a narrower range of 178 points for the week and oscillated on below-average volumes with levels of 18350 acting as immediate stiff resistance and now remains at a crucial juncture from a technical standpoint. Technically going forward the zone of 18260-18040 is anticipated to arrest any drawdowns while on the derivative front, the strike of 18200 sees the highest put open interest building up. The upside is anticipated to remain capped in nature with immediate resistance at 18350 followed by 18500 and a meaningful breakout above this zone will attract further bullish strength.
Support: 17250- 17200-17050
Resistance:18350 – 18400 – 18500

To view the detailed report click on the Download Report link below

Weekly Report: 22nd May 23

Weekly Trend Report

  • May 22, 2023
Week Gone By
  • In the week ended on Friday, 12 May 2023, the S&P BSE Sensex fell 298.22 points or 0.48% to settle at 61,729.68. The Nifty 50 index lost 111.4 points or 0.61% to close at 18,203.40.
  • The BSE Mid-Cap index declined 0.18% to settle at 26,154.36.
  • The BSE Small-Cap index advanced 0.61% to close at 29,796.33.
Week Ahead
  • Overseas, China will announce Loan Prime Rate for 1 year and 5 years on 22 May 2023
  • The US Federal Open Market Committee (FOMC) will release minutes of the recently concluded meeting on 24 May 2023.
  • US Durable Goods Orders data for April will be declared on 26 May 2023.
Technical Overview
Nifty opened the week on a subdued note on Monday and failed to show any directional bias. It succumbed to selling pressure on Tuesday and marked lower lowers throughout the week. With this it ended its 3 week streak of gains. The price action found modest buying interest on Friday from near the support of the median of the Bollinger Band and witnessed a tepid pullback. The index has immediate support in the zone of 18100-18045 and the index is anticipated to garner bullish strength provided the support zone remains intact on the closing basis.
Support: 18045- 17900-17850
Resistance: 18250 – 18300 – 18450

To view the detailed report click on the Download Report link below

Weekly Report: 29th May 23

Weekly Trend Report

  • 29/05/2023
  • May 30, 2023
Week Gone By
  • In the week ended on Friday, 5 May 2023, the S&P BSE Sensex declined 58.15 points or 0.10% to settle at 61,112.44. The Nifty 50 index added 4 points or 0.02% to close at 18,069.
  • The BSE Mid-Cap index advanced 1.41% to settle at 25,851.86.
  • The BSE Small-Cap index gained 1.27% to close at 29,283.87.
Week Ahead
  • On the domestic macro front, the March 2023 quarterly earnings will continue to remain in focus.
  • Coal India will declare its quarterly financial results on 7 May 2023. Canara Bank, UPL will announce their financial results on 8 May 2023. Bosch, Dr Reddy’s Laboratories & Larsen & Toubro will announce their financial results on 10 May 2023
  • US will announce inflation data for April on 10 May 2023.
  • China will announce inflation rate for April on 11 May 2023.
Technical Overview Nifty opened for the week on a minor gap-up of 60 points for the week and remained choppy within 225 points of the trading range. The index scaled above the 18250 mark however it failed to sustain at higher levels and pared all the weekly gains as it closed at the support of the gap-up zone near 18065. The VIX surged 12.31% during the week. The zone of 18035-17975 will act as a crucial support zone whereas the 18100-18200 zone as stiff resistance in the week to come and the index is anticipated to attract further bullish momentum on closing and sustaining above the resistance zone. Support: 18065- 17975-17860 Resistance:18130 – 18200 – 18250 To view the detailed report click on the Download Report link below

Diwali Picks 2022

Stocks diwali picks
Stocks diwali picks

Research Overview

On the occasion of the Auspicious festival of Diwali, we recommend a basket of stocks which includes large-cap, mid-cap and small-cap. We have selected these stocks based on their individual growth prospects and triggers. The time horizon for these investments is one year i.e till next Diwali. Our last year’s recommendation delivered an average return of 19% vs Nifty return of -1% for the same period.​

To view the detailed report click on the Download Report link below

Market Outlook and Stock Recommendations

Market Outlook and Stock Recommendations
Market Outlook and Stock Recommendations
Market Outlook and Stock Recommendations

Research Overview

The Stoxbox team wishes you a happy and prosperous new year! As we enter 2023, we at Stoxbox are thrilled to present our latest stock report. Over the past year, we have seen strong performance across all of our products and are confident in our ability to continue driving growth in the coming year. Our team has been hard at work implementing new strategies and leveraging the latest technologies to ensure that we are positioned for success in the ever-evolving market. To view the detailed report click on the Download Report link below

Weekly Trend Report

Week Gone By

  • In the week ended on Friday, 5 May 2023, the S&P BSE Sensex declined 58.15 points or 0.10% to settle at 61,112.44. The Nifty 50 index added 4 points or 0.02% to close at 18,069.
  • The BSE Mid-Cap index advanced 1.41% to settle at 25,851.86.
  • The BSE Small-Cap index gained 1.27% to close at 29,283.87.

Week Ahead

  • On the domestic macro front, the March 2023 quarterly earnings will continue to remain in focus.
  • Coal India will declare its quarterly financial results on 7 May 2023. Canara Bank, UPL will announce their financial results on 8 May 2023. Bosch, Dr Reddy’s Laboratories & Larsen & Toubro will announce their financial results on 10 May 2023
  • US will announce inflation data for April on 10 May 2023.
  • China will announce inflation rate for April on 11 May 2023.

Technical Overview

Nifty opened for the week on a minor gap-up of 60 points for the week and remained choppy within 225 points of the trading range. The index scaled above the 18250 mark however it failed to sustain at higher levels and pared all the weekly gains as it closed at the support of the gap-up zone near 18065. The VIX surged 12.31% during the week. The zone of 18035-17975 will act as a crucial support zone whereas the 18100-18200 zone as stiff resistance in the week to come and the index is anticipated to attract further bullish momentum on closing and sustaining above the resistance zone.
Support: 18065- 17975-17860
Resistance:18130 – 18200 – 18250

To view the detailed report click on the Download Report link below

Techno Funda Trend Report – December 2021

Techno Funda Trend Report
The fund aims to generate an absolute return in the short term along with outperforming the benchmark. The ideation process behind the fund operations is a combination of technical and fundamental analysis aiding the correct stock to be picked at the right time. To view the detailed report click on the Download Report link below

Techno Funda Nov 2022

Techno Funda Nov 2022
Techno Funda

Research Overview

The Techno Funda recommendations arrive through a combination of Technical & Fundamental analysis and the investment criteria follows the CNX500 Universe. The calls are for taking positional trades of one month and are based on timing the stocks which are good fundamentally with a potential upside of 10-15%. The recommendations are suitably diversified to reduce risk and maximize returns. The report consists of seven stock recommendations. To view the detailed report click on the Download Report link below