5 Stocks to Buy or Sell in Share Market Monday 5 August 2024

Welcome to our detailed analysis of Intraday Nifty and Bank Nifty levels. In this guide, we will tell you about the important support and resistance levels for Nifty and Bank Nifty, provide our top five stock recommendations for today, and provide the latest news and updates related to stocks. Be sure to subscribe to our channel for regular updates and recommendations.

Hello friends, my name is Mahendra Kumar and today I am going to tell you the top 5 stocks that you can buy and the holding day of these shares will be 10 to 15 days and will also talk about today’s Intraday Nifty and Bank Nifty levels.

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Before investing in the stock market, you must do a good research about those stocks.

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5 Stocks to Buy or Sell

Intraday Nifty Levels

Intraday Nifty and Bank Nifty Levels

Intraday Nifty Levels

Level Value
First Support Level 2590
Second Support Level 2480
First Resistance Level 2920
Second Resistance Level 2980

Intraday Bank Nifty Levels

Level Value
First Support Level 830
Second Support Level 5570
First Resistance Level 516203

Top Five Momentum Stocks for Today

Top Five Momentum Stocks for Today

Top Five Momentum Stocks for Today

Stock Recommendation Entry Point Stop Loss Targets
Rojar Biotech Ltd. Buy Buy at current levels 908 First target at 954, second target at 998
Nazara Technology Ltd. Buy Buy at 982 942 First target at 1023, second target at 1060
Supriya Lifesciences Ltd. Buy Buy at current levels 423 First target at 445, second target at 465
Gram Ltd. Sell Sell at 2705 2795 First target at 2615, second target at 2550
Godrej Properties Ltd. (Future) Sell Sell at current levels 3125 First target at 2884, second target at 2765

Delhivery Q1 results

Delhivery has reported a significant turnaround in its quarterly results. The company posted a net profit of ₹54.4 crore, compared to a loss of ₹89.5 crore in the previous year. Year-on-year revenue growth stood at 12.7%, reaching ₹2723 crore. EBITDA also turned positive at ₹97 crore, compared to a loss of ₹15.1 crore in the previous year.

Top 4 Semiconductor Stocks 2024

Tamilnad Mercantile Bank Quarterly Results

Tamilnad Mercantile Bank has reported an increase in its net profit for the quarter. Additionally, the Net Interest Income (NII) has risen by 8% on a year-on-year basis. The Gross Non-Performing Assets (NPA) stood at ₹87.6 crore compared to ₹575.06 crore in the previous quarter. The Net NPA was reported at ₹26.1 crore, down from ₹35.8 crore in the previous quarter, with the End Net NPA ratio improving to 0.65 from 0.85. The Gross NPA remained stable at 1.44% quarter on quarter. This indicates a positive trend in the bank’s financial performance.

Conclusion

We hope that today’s blog has been helpful to you. In today’s blog, we talked about how the market is today and which shares you can buy.

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