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The Indian market is expected to trade higher on 19 November 2024, driven by positive global cues, though caution persists with the India VIX above 15. Options data suggests resistance near 24,000 and support near 23,000. Experts have recommended several stocks for short-term trading, including buys on SBI, Havells, Piramal Enterprises, and Dabur, and sells on BPCL and Siemens.
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XM Australia CEO, Peter McGuire, cautions traders to brace for market volatility in the coming months, citing potential impacts of US-China trade tensions and President Trump's energy policies. McGuire suggests Brent crude prices could drop as low as $65 if geopolitical factors remain stable, driven by Trump's pro-fossil fuel agenda and the appointment of Chris Wright as energy secretary.
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Here's what Ameya Ranadive CMT CFTe, Sr Technical Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.
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