Indian stocks entered Nov. 5 after a mixed session, as Mint reported that NeoTrader co-founder Raja Venkatraman had set conditional trading levels for three companies for the day.
The National Stock Exchange of India (NSE) said the Nifty 50 closed at 23,960.60 on Nov. 4, up 149.75 points, or 0.63%. The Nifty MidCap 100 rose 1.55% and the Nifty SmallCap 100 gained 2%, while the Nifty IT fell 1.50%.
Mint gave Shriram Finance a reference price of ₹908.75, with a trading trigger above ₹911, a stop at ₹850 and a target of ₹1,000 over two months. For Adani Ports and Special Economic Zone, it listed ₹1,910.80 as the reference price, a trigger above ₹1,915, a stop at ₹1,800 and a target of ₹2,130 over two months.
For Aurobindo Pharma, Mint listed a reference price of ₹1,705, a trigger above ₹1,720, a stop at ₹1,620 and a target of ₹1,875. Each of the three triggers was above the reference price shown with the setup.
Mint’s explanation for Adani Ports pointed to a price rebound after consolidation and cited volume and chart indicators. It described Shriram Finance as having broken above a consolidation range.
Mint did not specify the exchange or timestamp for any of its reference prices. NSE data put Adani Ports at ₹1,910.00 at the Nov. 4 close, compared with Mint’s ₹1,910.80 figure; the available details do not establish a like-for-like comparison. Mint said the recommendations reflected Venkatraman’s individual views and noted that securities investments carry market risk.
EconoTimes previously covered Venkatraman’s Nov. 4 levels for three Indian stocks.
