Business
Nifty expected to oscillate between 23,400 and 24,500: Analysts
DHARMESH SHAH
HEAD OF TECHNICALS, ICICI SECURITIES
Where is Nifty headed this week?
Going ahead, we expect the index to oscillate within the broader range of 23,400– 24,500. This consolidation would make the market healthy, as it strengthens the market’s foundation for an eventual push towards the 24,800 mark (aligned with the 200-day EMA) in the coming weeks. Thereby, any decline from hereon should not be construed as negative; instead, it should be capitalised on to accumulate high-quality stocks on dips, backed by strong earnings, as strong support is placed at 23,100.
Trading Strategy
We expect the index to hold its key support zone of 23,500, being its former gap support and the 50% retracement of its recent rally (22,182–24,601). Hence, any decline towards 23,390–23,500 should be used as a buying opportunity for a target of 23,800. In the process, strong support is placed at 23,270 levels.
TOP BETS FOR THE WEEK JSW Steel: Buy at Rs 1,240–1,266 | Stop loss at Rs 1,115 | Target Rs 1,445
The stock looks attractive after a strong rebound from the lower band of its long-term rising channel. Structurally, the 52-week EMA has acted as a “floor” since July 2022, with buying demand re-emerging near this level, supporting a favourable risk-reward at current levels.
Power Grid: Buy at Rs 306–316 | Stop loss at Rs 289 | Target Rs 352
Structurally, the stock has broken out of a long-term falling trendline resistance connecting the highs of October 2024 & 2025. The current pullback has formed a bullish flag pattern above the 52-week EMA, signalling base formation near an elevated support zone and an incremental buying opportunity with risk-reward.
AgenciesSUDEEP SHAH
HEAD – TECHNICAL AND DERIVATIVE RESEARCH, SBI SECURITIES
Where is Nifty headed?
The recovery rally from the recent low of 22,182 has lost momentum, shifting from a sharp rebound into a phase of correction and consolidation. Nifty slipped below 23,900 and ended the week down 1.87%, largely due to profit booking after the prior upmove. Technically, the index has broken below its 20-day and 50-day EMAs, indicating weakening short-term strength. Momentum indicators also reflect softness, with RSI slipping below key levels and MACD showing a gradual loss of bullish momentum. This suggests a likely range-bound phase rather than a strong directional move. From a levels perspective, the 23,700–23,650 zone is a crucial support area, with a breakdown potentially dragging Nifty towards 23,300. On the upside, resistance is placed at 24,200–24,250, and only a sustained move above this band can revive bullish momentum.
Trading Strategies
Since the index is trading in a range with volatility, we advise traders to go long on Nifty on a breakout above 24,250, with a stop loss at 24,000 for a target of 24,700.
TOP STOCKS FOR THE WEEK
Cochin Shipyard: Buy at Rs 1,664 | Stop loss at Rs 1,580 | Target Rs 1,850–1,950
Cochin Shipyard is trading above its key moving averages across timeframes. Post consolidation, the stock has seen a strong breakout, with buying visible on all dips. Relative strength versus other defence names and the broader market remains favourable.
Aster DM Healthcare: Buy at Rs 705 | Stop loss at Rs 660 | Target Rs 750–770
It continues to trade in a steady uptrend, holding firmly above its key medium- and long-term moving averages. We expect it to move towards Rs 750–770.
TANMAY SHAH
RESEARCH HEAD, SIHL
Where is Nifty headed this week?
Technically, the index remains influenced by ongoing geopolitical developments, keeping volatility elevated. For the week ahead, Nifty is likely to find strong support around 23,600, which could act as a base for consolidation. As long as this level holds, the broader structure remains constructive, with a potential resumption of the uptrend towards the 200-day moving average placed near 25,125. A decisive move beyond 24,450 would further strengthen bullish momentum.
Trading Strategy
Recommend a bull call spread to position for near-term upside. Traders may consider buying the 23,900 Call and selling the 24,400 Call of the 5th May expiry. The strategy offers a favourable risk-reward with limited downside, while capturing gains if Nifty trends higher towards the upper resistance zone. It is well-suited for a moderately bullish view amid an improving technical setup.
TOP STOCKS FOR THE WEEK
Coal India: Buy at Rs 455 | Stop loss at Rs 441 | Target Rs 478–486
The stock shows relative strength in a weak market, consistently holding above its 20-week moving average, indicating strong support. Sustained closes above this level signal a bullish bias.
Graphite India: Buy at Rs 724.8 | Stop loss at Rs 690 | Target Rs 765–780
Technically, the stock has formed a symmetrical triangle pattern on the higher timeframe and delivered a decisive upside breakout, indicating structural strength. The trend remains bullish post-breakout
Business
Compass, Inc.: Well Positioned To Emerge As A Dominant Exchange
Compass, Inc.: Well Positioned To Emerge As A Dominant Exchange
Business
Wembanyama Dominates in Game 4 Return, Signaling Full Recovery from Concussion
PORTLAND, Ore. — Victor Wembanyama delivered a resounding statement Sunday, exploding for 27 points, 11 rebounds, 7 blocks and 4 steals in his return from a concussion as the San Antonio Spurs cruised to a 114-93 victory over the Portland Trail Blazers in Game 4, seizing a commanding 3-1 series lead and quieting concerns about the young superstar’s availability.

The 22-year-old Defensive Player of the Year, who had missed Game 3 while navigating the NBA’s concussion protocol after a frightening face-first fall in Game 2, looked sharp and unrestricted from the opening tip. Starting and logging 34 minutes, Wembanyama showed no lingering effects as he anchored the Spurs’ defense and provided timely scoring in a dominant second-half surge.
Coach Mitch Johnson confirmed pregame that Wembanyama had fully cleared league protocol after days of monitored activity. “He looked like himself in warmups and throughout the game,” Johnson said. “We’re thrilled with where he’s at physically and mentally.” The performance marked one of the most impressive playoff debuts from injury in recent memory, with Wembanyama becoming the first player since Hakeem Olajuwon in 1993 to post at least 25 points, 10 rebounds, 7 blocks and 4 steals in a postseason game.
The Road Back from Injury
Wembanyama suffered the concussion in Game 2 on April 21 when he was fouled and crashed awkwardly to the court, landing face-first. He played only 12 minutes that night before exiting. The Spurs won Game 3 without him, 120-108, showcasing impressive depth with Stephon Castle and De’Aaron Fox stepping up.
Medical staff and league officials monitored his progress closely. Wembanyama traveled with the team, participated in light workouts and film sessions, and gradually increased activity without symptom setbacks. His clearance came roughly five days after the injury, aligning with typical NBA concussion timelines but on the quicker side for a high-profile case.
In postgame comments, Wembanyama expressed satisfaction with his recovery while maintaining focus on the series. “I’m happy to be back and contributing,” he said. “The team showed great resilience without me. Now we finish the job.” He noted the fall felt “weird” initially but emphasized full clearance and no hesitation on the court.
Dominant Return Sets Tone
From the start, Wembanyama imposed his will. He swatted shots at the rim, altered drives and stretched the floor with his shooting range. Offensively, he attacked mismatches and finished with efficiency. His seven blocks tied a career playoff high, reinforcing his status as the league’s premier rim protector.
De’Aaron Fox complemented him perfectly with 28 points and 7 assists. The Spurs erased an early double-digit deficit, outscoring Portland decisively in the second half. The victory puts San Antonio one win from advancing, with Game 5 back home Tuesday.
Blazers coach Chauncey Billups acknowledged the challenge. “When he’s out there, it changes everything. He’s a special player.” Portland fought hard early but couldn’t contain the Spurs’ length and pace once Wembanyama found rhythm.
Implications for Spurs’ Playoff Run
Wembanyama’s seamless return boosts San Antonio’s championship aspirations. As a unanimous Defensive Player of the Year and MVP finalist, his presence transforms the team’s ceiling. The Spurs built depth precisely for moments like this, but having their franchise cornerstone back healthy shifts momentum dramatically.
Medical experts note that passing protocol and performing at an elite level suggests no major long-term concerns, though monitoring remains essential. Wembanyama’s youth and conditioning likely aided his quick recovery. He has spoken previously about prioritizing long-term health over short-term risks.
Broader Context and Reactions
The performance drew praise across the league. Fans and analysts celebrated the return of the 7-foot-4 phenom, whose unique skill set continues redefining the center position. Social media highlighted defensive highlights and his calm postgame demeanor.
Wembanyama’s journey — from No. 1 overall pick in 2023 to playoff force — underscores rapid growth. Early injuries tested his resilience, but responses like Sunday’s affirm his trajectory toward superstardom.
For the Trail Blazers, the loss stings but highlights areas for growth. Scoot Henderson and others showed promise, yet containing Wembanyama remains a tall task for any opponent.
What’s Next
With the series at 3-1, the Spurs hold clear momentum heading home. Wembanyama’s availability for Game 5 appears strong barring any new issues. A series-clinching win would send them to the Western Conference semifinals, where tougher tests await.
League-wide, the case reinforces concussion protocol’s importance while showcasing successful management. Players, coaches and officials continue balancing safety with competitive demands in a physical postseason.
Sunday’s game reaffirmed Wembanyama’s value. His dominant return not only lifted the Spurs but reassured fans and the organization that their cornerstone is healthy and ready for the grind ahead. As the series shifts back to San Antonio, the focus turns to closing out Portland and building on this momentum.
For a player still early in his career, Wembanyama’s composure and production in Game 4 signal readiness for bigger stages. The alien has landed back on Earth — and he’s dominating once again.
Business
SCHD: 3 Reasons Why I’m Buying More Right Now (NYSEARCA:SCHD)
Wilson Research seeks to provide investors with focused insights on predominantly exchange-traded funds, or ETFs, with a blend between growth potential and dividend yield. The analysis provided emphasizes fundamental analysis while including macro-level factors such as industry trends, economics, geopolitics, and a variety of other influential factors. Wilson Reseach includes an MBA graduate and independent financial coach who seek to provide actionable information for long-term investors who value diversification while keeping their fees as low as possible. Wilson Research is inspired by the investment philosophies of Warren Buffett and the entrepreneurial philosophies of Robert Kiyosaki.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of UNH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This article is exclusive to Seeking Alpha. No duplication or reproduction of this article is allowed without the consent of Seeking Alpha and the author. This article should not be misconstrued as individual financial advice. Always conduct your own due diligence prior to investing.
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Business
ASML: Strong Play On The AI Boom (NASDAQ:ASML)
I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ASML, TSM, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Amba Auto IPO opens for subscription today. Check GMP, price band and other details
The price band has been fixed at Rs 130-135 per share, with a minimum application size of 2,000 shares for retail investors, translating into an investment of Rs 2.7 lakh at the upper end.
Despite the IPO hitting the market at a time when primary activity remains active, the absence of any grey market premium suggests cautious sentiment among investors, particularly in the SME segment where listing gains have become less predictable in recent months.
About the company
Amba Auto operates as an authorised dealer for Bajaj Auto and LG Electronics, running its business under the brands Amba Bajaj and Amba LG Best Shop. The company sells two-wheelers, three-wheelers and consumer electronics products such as televisions, air conditioners and appliances.
Its operations are concentrated in Bengaluru, where it has built a network of 29 showrooms and service centres across both segments. The company also provides after-sales support through 18 service centres, catering to both automobile servicing and electronics maintenance.
Financially, the company has shown steady growth. Revenue stood at around Rs 242 crore in FY25, while profit rose to Rs 7.78 crore, reflecting improving scale in operations. For the nine months ended December 2025, the company reported revenue of Rs 203.79 crore and profit of Rs 12.11 crore.
Proceeds and IPO structure
The proceeds from the IPO will primarily be used for working capital requirements and expansion. A portion will also go toward setting up new showrooms and renovating existing outlets, aimed at strengthening the company’s retail presence.
The issue structure is typical of SME offerings, with around half the net issue reserved for non-institutional investors, while retail participation accounts for about 40%. Institutional allocation remains relatively small, reflecting the scale of the offering.
With no grey market premium currently, the IPO appears positioned more as a steady business offering rather than a listing gains play, with returns likely to depend on long-term execution rather than immediate market sentiment.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business
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SLB, Baker Hughes see oil exploration spending rising as Iran war disrupts supply

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Gaming and Leisure Properties: The Numbers Don’t Justify This Discount (NASDAQ:GLPI)
I’ve been researching companies in-depth for over a decade, from commodities like oil, natural gas, gold and copper to tech like Google or Nokia and many emerging market stocks, which I believe could help me provide useful content for readers. After writing my own blog for about 3 years, I decided to switch to a value investing-focused YouTube channel, where I researched hundreds of different companies so far. I would say my favorite type of company to cover are metals and mining stocks, but I am comfortable with several other industries, such as consumer discretionary/staples, REITs and utilities.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in GLPI over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Iran war hits Asia’s polyester suppliers to global fast fashion

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