BUSINESS
As Nifty50 eyes 16,000, technical experts recommend these 10 trading ideas
The Nifty50 witnessed a breakout above its previous high of 15,431 and formed a bullish continuation rounding bottom formation which leads to the projection of 16,600 mark on the index, said an expert
BUSINESS
Gold Price Today: Yellow metal trades flat; experts say buy on dips for a target of Rs 49200
Buy gold on dips around Rs 48800 with a stop loss of Rs 48550 for the target of Rs 49200. Silver around Rs 71000 with a stop loss of Rs 70400 for the target of Rs 72200, suggest experts.
BUSINESS
Shankar Sharma explains why he is bullish on India, global equities & commodities
Commodities have been in a bear market since the global financial crisis in 2008. They are still to recover, said Sharma.
BUSINESS
DAILY VOICE | Ajay Menon of MOFSL highlights 3 key risks to current bull run on D-Street
It is never advisable to sit on cash as one can never time the market. It may turn out that one may miss the bigger rally while waiting for the correction to take place, says Menon.
BUSINESS
Tata Chemicals, NMDC can give 10% return each over next four weeks, says Kavita Jain of Arihant Capital
On the weekly chart, the Nifty50 witnessed a breakout above its previous high of 15,431 and formed a bullish continuation rounding bottom formation, which leads to the projection of the 16,600-mark, says Jain.
BUSINESS
Nifty may take a pause over the next couple of sessions, says Gaurav Ratnaparkhi
A dip towards the swing low of 15,460 can be seen as a fresh buying opportunity. On the higher side, 15,700-15,750 will act as a near-term hurdle, says Ratnaparkhi.
BUSINESS
Nirali Shah of Samco Securities explains why Realty & Consumer Durable stocks grabbed spotlight in first week of June
With a mildly bullish trend visible in the markets, indices can continue to maintain their current trajectory going ahead. Nifty50 has immediate support at 15350, said Shah in an interview with Moneycontrol.
BUSINESS
Small & mid-caps outperform! Over 40 stocks in BSE500 index rose 10-40% in a week
Technically, the 15550 and 15400 levels would be major supports for Nifty and on the higher side 15800, 16000 and 16200 would be major levels to arrest the bull run, suggest experts.
BUSINESS
Nifty50 may touch 16,400 levels by September 2021: Dharmesh Shah of ICICIdirect
We prefer Reliance Industries, Kotak Bank, SBI, TCS, Tata Motors, Titan & Adani Port amongst largecaps while Trent, TeamLease, Ador Welding, Mahindra Logistic, Indian Hotels are among top midcacp picks, says Shah.
BUSINESS
After The Bell: Nifty reverses gains after hitting record high, what should investors do on Monday?
Sectorally, a rally was seen in industrial, oil & gas, capital goods, utilities, while profit-taking was seen in banks, consumer durable, FMCG, and energy space.
BUSINESS
D-Street Talk: Aashish Somaiyaa of White Oak talks about markets @ record highs, earnings & Small & midcaps
The market is celebrating vaccination, central bank actions, and probably everything, but, it is not factoring the impact of the second wave, says Somaiyaa.
BUSINESS
Bull run may continue but money managers advise caution
Valuation of many stocks is very high and the ratio of the market capital to GDP is far above the normal level, so investors should not expect high returns, experts say
BUSINESS
Small & Midcap Mantra | Fresh entry opportunity in Vardhman Textiles that doubled money in 1 year
The stock is expected to move higher and gradually head towards Rs 1,532 in the coming months, say experts.
BUSINESS
RBI Monetary Policy: Status quo, 12 rate-sensitive stocks that can give 15-30% return
The central bank has maintained an accommodative stance but there are opportunities in the rate-sensitive space that investors can explore.
BUSINESS
Gold Price Today: Yellow metal trades flat, international Spot Gold hits 2-week low
Gold has support at 48440-48150 and resistance at 48920-49100. “We suggest selling in gold on a rise around 48920 with a stop loss of 49150 for the target of 48440,” suggest experts.
BUSINESS
Trade Spotlight: What should investors do with PNB Housing, Titan Company & Muthoot Finance?
PNB Housing Finance rallied 10 percent to hit a fresh 52-week high on June 3, Titan Company rose over 6 percent, and Muthoot Finance closed with gains of nearly 7 percent.
BUSINESS
DAILY VOICE | Private banks, insurance, FMCG among sectors that are likely to drive market: Rusmik Oza of Kotak Securities
The fear of being left out and decent cash lying in the hands of investors indicates we may not see a big correction. Investors are willing to bare any minor correction in the market as most of them are sitting on huge profits, says Oza.
BUSINESS
After The Bell: Nifty goes past 15,700; what should investors do on Friday?
The Nifty has to hold above 15,600 for an upmove towards new highs of 15,800 and 16,000, while on the downside, support exists at 15,550 and 15,431, say experts.
BUSINESS
Stock Mantra | Endurance Technologies, which doubled investors’ wealth in a year, is on the verge of a breakout; should you buy?
Multiple vertical counts are already active which imply a move above Rs 2,000 over the next six months, translating to a minimum upside of 35 percent. In a bull case scenario, the stock is expected to surpass Rs 2,200, say experts.
BUSINESS
Gold Price Today: Yellow metal trades flat, experts say buy the dip for a target of 49,880
Traders can buy gold on dips at around Rs 49,440 with a stop loss of 49,180 for a target of 49,880 and silver around Rs 72,100 with a stop loss of 71,500 for a target of 73,500, say experts.
BUSINESS
Trade Spotlight: What should investors do with Motherson Sumi and Sumitomo Chemical?
Stocks that were in focus include Motherson Sumi which rallied over 13 percent to hit a fresh 52-week high post-March quarter numbers, and Sumitomo Chemical rallied nearly 14 percent on Wednesday.
BUSINESS
Small & Midcap mantra | Aegis Logistics doubles investor wealth in 1 year. Can the rally sustain?
The stock hit a record high of Rs 374.80 on June 2. It has rallied about 18% in May, 40% in 2021 YTD, and over 100% since June 1, 2020. Read on to know if it is still a buy
BUSINESS
Trade Spotlight: What should investors do with PNB Gilts, Rupa & Co., & Capri Global?
Stocks that were in focus on June 1 include PNB Gilts which rallied by 20 percent to hit a fresh 52-week high, Rupa & Company also surged 20 percent, and Capri Global, too, closed with gains of nearly 20 percent. All three stocks hit a fresh 52-week high during the trade.
BUSINESS
DAILY VOICE | Tejas Gutka of Tata MF shares 4 reason why he is constructive on Indian market
The ideal strategy always is to hold a diversified portfolio and focus on asset allocation rather than entry and exit. Timing, as enticing as it is, is an extremely challenging endeavour, says Tejas.
