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GOOD MORNING ALL TRADERS 🌹💓❤️‍🔥❤️‍🔥 HAVE A GOOD DAY TODAY ❤️💙💟🫶

Commodity Alert: Please note that on account of LOKSABHA ELECTION IN MUMBAI On MAY 20 2024 (Monday) the market will remain open for trading only during the Evening Session only i.e. From 5.00 pm To 11.30 pm.

📊 Top Dividend Stocks to Consider for 2024 and Beyond 📊 📮   Dividend investing is a popular strategy that many investors find lucrative. However, is it a good strategy to rely on in the long run? Let's try to understand that today. 📮   Instead of receiving a lump sum cash, in dividend investing you receive portions of the same cash flow with a higher opportunity cost. 1️⃣ ITC 2️⃣ TCS 3️⃣ HUL 4️⃣ Infosys 5️⃣ Bajaj Finance 📮   These stocks often offer stability and consistent income through dividend payments, which can be particularly attractive for those seeking regular returns or looking to supplement their investment portfolio with income. 📮   Additionally, these companies typically have established track records, solid financials, and may be less volatile compared to their peers.

💫 Market Metrics: Weekly Roundup ⭐ Sensex: 73,878.15 ⬆️ ⭐ Nifty 50: 22,475.85 ⬆️ ⭐ Nifty Bank: 48,923.55  ⬆️ ⭐ Nifty Smallcap 100: 16,936.50 ⬆️ ⭐ Nifty Midcap 100: 50,935.15 ⬆️ ……………………………………………………… ✨ Market Performance Key Takeaways For The Week 🌟 The week saw the Nifty index experiencing fluctuating fortunes, ending on a relatively quiet note at 22,475, a slight increase of 0.25%. Despite the index reaching record highs during the week, a sharp sell-off on the final day capped the gains. The index showed resilience by maintaining levels above the immediate support zone of 22,300 - 22,350, but faced resistance near 22,750 - 22,800. Moving forward, the focus remains on broader market participation and key support zones to sustain upward momentum. 🌟 Bank Nifty, on the other hand, had a challenging yet eventful shortened week, ending with a weekly gain of nearly 600 points, closing above the 48,900 level. The week began with strong momentum, but subsequent sessions saw diminishing returns, culminating in significant selling pressure on Friday. The index displayed signs of a potential failed breakout and the emergence of a 'Shooting Star' candlestick pattern, suggesting a need for caution and strategic profit booking in the face of uncertain market dynamics. 🌟 For the upcoming week, maintaining a neutral stance seems prudent for Nifty, with a focus on taking measured steps and keeping positions light. Observing global market trends will also be essential, as they could influence domestic market directions. Bank Nifty, despite the uncertainty, is advised to avoid preemptive shorts until a clear upward trend re-emerges, with support at around 48,300 - 48,500 and resistance near 49,600 and the critical 50,000 mark. 🌟 Overall, both indices showed potential for further exploration of new highs but underscored the importance of caution due to the volatile trading environment and potential technical pullbacks. The markets’ ability to hold above key support levels while overcoming resistance zones will be critical in determining the trajectory for the next trading sessions. ……………………………………………………… ✨ News Highlights For The Week 🌟 Vedanta plans to invest $20 billion in its businesses in India over the next four years, according to its Chairman. Speaking at the company's 'Nand Ghar' social initiative, Agarwal highlighted the investment as a response to rising commodity prices and overall growth prospects in India. 🌟 Thyrocare founder has partnered with the Young Entrepreneurs Association (YEA) and Magnifiq Capital Trust to invest up to ₹50 Cr in Indian startups. According to a statement from YEA, Velumani plans to offer both financial support and mentorship to promising startups. 🌟 India and New Zealand have agreed to enhance their bilateral trade ties, focusing on the pharmaceutical, agricultural, and processed food sectors, according to an announcement from the Commerce and Industry Ministry. During a visit to New Zealand on April 26-27, led by the Commerce Secretary, constructive discussions were held with New Zealand's Trade Minister. 🌟 Six companies within the Adani Group have been issued show-cause notices by the Securities and Exchange Board of India (SEBI) due to alleged violations involving related party transactions, non-compliance with listing rules, and questions regarding the validity of auditor certificates. ———————x——————— Disclaimer: https://bit.ly/3usSGoH Sources: Angel One Research | MoneyControl | LiveMint | InvestmentGuru | Economic Times | Date: May 03, 2024

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