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Market expert Anil Singhvi, Managing Editor of Zee Business, believes traders should stay selective in today’s session, as several large and midcap stocks are showing signs of fatigue after their quarterly earnings. His trading radar for the day includes HDFC AMC, CAMS, JSPL, and Shree Cement, with a clear bias toward profit-booking on weakness.

Singhvi has placed HDFC AMC on his sell list, suggesting a stop loss at Rs 5,700 and targets at Rs 5,550, Rs 5,450 and Rs 5,350. The stock has been under pressure following a disappointing earnings print and SEBI’s proposal to cap mutual fund expenses, which could weigh on profitability across asset managers. According to Singhvi, both results and regulatory headwinds make near-term recovery uncertain.

His second sell call is on CAMS, with a stop loss at Rs 4,040 and targets at Rs 3,900, Rs 3,885 and Rs 3,860. Singhvi points out that the company’s numbers failed to meet expectations, and the overall tone for the mutual fund services space remains soft.

On JSPL, Singhvi remains cautious. He recommends a sell (cash) with a stop loss at Rs 1,087 and targets at Rs 1,055 and Rs 1,040. Singhvi says the company’s quarterly scorecard was weak across most parameters, adding that the stock tends to move erratically after results, hence traders must stay nimble.

Shree Cement stood out with mixed earnings — margins came in below forecasts, but commentary from management on steady demand and pricing has lent support. Market expert Anil Singhvi is expecting strong support zones at Rs 27,725 and Rs 28,050, while resistance could emerge near Rs 28,900 and Rs 29,325.

Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate aff