Gautam Duggad of Motilal Oswal also said the Q1FY18 earnings season marked another quarter of weak performance and a subdued start to FY18.
Cigarette stocks like ITC, Godfrey Philips and VST Industries will get astrological support, says Satish Gupta of astrostocktips.
Nifty to open gap down by 54 points at 9860 against yesterday’s close of 9914 as per SGX Nifty, says Dynamic Levels.
According to Maximus Securities,trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 48 points at the opening bell.
From 11.3o am to 14.45 pm, Nifty will be mixed to down. From 14.45 pm to 15.3o pm Nifty will follow the Asian markets, which shall be positive, says Ganesha.
According to Prakash Gaba of prakashgaba.com, 9965-10005 is a possibility as long as 9780 holds. The crucial support for the Nifty is at 9780 and the resistance is at 9965-10005. Bank Nifty on the other hand has support at 24000 and resistance at 24750.
Watch the interview of Deven Sangoi, Chief Investment Officer – Equity at Birla Sun Life Insurance with Prashant Nair and Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Aviation stocks like Jet Airways, InterGlobe Aviation and SpiceJet will get astrological support, says Satish Gupta of astrostocktips.
COLPAL has retraced marginal from its record high and found support near to medium term moving average on daily chart. Also, it has formed a fresh buying pivot and looks all set for fresh surge ahead. Traders are advised to initiate fresh longs in the given range.
Nifty to open gap down by 5 points at 9902 against yesterday’s close of 9907 as per SGX Nifty, says a report by Dynamic Levels.
Bank of America Merrill Lynch's December Sensex target is 30,000.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could lose 8 points at the opening bell, says Maximus Securities.
Prakash Gaba of prakashgaba.com is of the view that crucial support for Nifty is at 9750 and the resistance is at 9977-9988. On the other hand Bank Nifty has support at 24000 and resistance at 24750.
Around 9.3o am buy Nifty and around 1o.3o am take an exit. Around 11.25 am sell Nifty and exit on earning a profit of two rupees, says Ganesha.
Watch the interview of TS Anantakrishnan, CEO at Varanium Capital Advisors with Prashant Nair and Surabhi Upadhyay on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Nifty to open gap up by 6 points at 9815 against Monday’s close of 9809 as per SGX Nifty, according to a report by Dynamic Levels.
From 9.15 am to 11.35 am, overall view will be good or slightly upwards. From 11.35 am to 14.35 pm, Nifty will be very boring and will go down, says Ganesha.
Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 12.5 points at the opening bell, says Maximus Securities.
According to Prakash Gaba of prakashgaba.com, 9750 is a crucial support to deal with and 9877 a strong resistance while he has buy recommendations on stocks including Bajaj Finserv, Biocon, HDIL and Jubilant Foodworks.
Mihir Vora of Max Life explained that given these valuations against the earnings visibility, the market is taking a breather
In conclusion, it would be great if the market presented a correction to buy into stocks but if not, rather than wait.
With strong bearish pattern in daily chart coupled with a market regulatory stance on shell firm and geopolitical issue, the short term consolidation in next session can’t be ruled out unless market witnesses a favourable trigger.
Nifty to open gap up by 52 points at 9789 against Friday’s close of 9737 as per SGX Nifty, says a report by Dynamic Levels.
Taking global market cues Nifty is expected to open positive and likely to remain under pressure as long as it trades below 9780. Midway crucial resistance is placed around 9755. Downside support is placed around 9680, says a report by Stewart & Mackertich.
"This is possibly the cleanest bull market ever in India," That is the word coming in from renowned economist and investor, Ruchir Sharma. Speaking to CNBC-TV18's Shereen Bhan in an exclusive chat he says that quality stocks have worked like never before.