After the ups and down sessions on 1 February, the Nifty finally closed at about flat level but closed in red mark. The Union Budget 2025 was mainly focused on the consumption segment through income tax relief. Financial deficit target for FY 2025 was kept at 4.8 percent of GDP and 4.4 percent for FY 2026. Also, compared to the revised estimates of FY 2025 (Rs 10.18 lakh crore), a better allocation for FY 2026 was increased to Rs 11.21 lakh crore than expected. Its effect was clearly seen in FMCG, Consumer Durables, Real Estate and Auto stocks. There was a gain of 2-3 percent in them.
People will save more money in hand due to relief in tax, which will promote consumption. Moneycontrol has prepared a list of 9 such budget-sensitive stocks with the help of experts, which can give better returns in short term …
Hindustan Unilever | CMP: Rs 2,506
Derivative Analyst Hardik Matalia at Choice Broking says that Hindustan Unilever (HUL) has given a strong breakout from Parallel Channel on Daily Timeframe. It is supported by the Consignant Trading Volume to the breakout, indicating strong bing interest. The stock was consolidated in a range near a crucial demand zone, making a parallel channel pattern. A rebound from this support zone has provided a new bullish momentum, indicating the possible continuity of the uptrend.
Technically, HUL has crossed its long-term exponential moving average (EMA) and is trading above all its major moving averages (10, 20, 50 and 100-day EMA). This confirms the strength of the stock and the possibility of further speed. If the stock remains above a significant level of Rs 2,600, it can move towards a higher target range of Rs 2,740-2,800 in Near Term. A sustand brakeout above this critical level can attract additional bing interest.
Given the current technical structure, fresh procurement at the current price is recommended. To manage the risk effectively, a stop-loss should be placed at Rs 2,420 on a closing basis. The shares have a capacity to rise to a level of Rs 2,700-2,800 in the coming sessions.
According to Matalia, the Life Insurance Corporation of India has given a breakout from its consolidation range and the failing trendline, indicating the potential trend reversal. A double-boatum pattern is made on the daily timeframe, which is a bullish reversal pattern and indicates a change in the momentum towards the upside.
Stock has crossed its short term EMA, but is facing some resistance near its medium term EMA. If it is successful in crossing this barrier, it can test its long term EMA, which will further strengthen the bullish outlook. In addition, the Relative Strength Index (RSI) is currently at 48, which is showing upwards from the lower levels and the trend upwards. If the LIC remains above the major level of Rs 875, it can grow firmly towards higher targets of Rs 930-980. The stock recommends shopping at the current price. Stop-loss should be kept at Rs 800 on closing basis.
Eicher Motors | CMP: Rs 5,394.5
Eicher Motors recently showed a strong rebound from a support level around Rs 4,930 and reached a record high of Rs 5,423. The Daily Chart displays a strong bullish candle, which breaks the resistance at Rs 5,400 and creates a higher high and higher low pattern. The growing trading volume further strengthened the optimistic outlook, which reflects the growing bing interest. The RSI is currently at 68.20 and is moving upwards, which reflects the growing purchase. In addition, the stock is trading above its 200-day, 50-day and 20-day EMA, which further strengthens the current positive trend.
If Eicher Motors is above a significant level of Rs 5,500, it can continue its boom with a possible target of Rs 6,000. Given the current technical setup and speed, Eicher Motors has an attractive opportunity to purchase at a fall of Rs 5,800 with a target price of Rs 5,800. At the bottom, the stop-loss should be kept at Rs 5,000. There is advice to shopping in the stock.