April 22, 2021 09:51 PM IST
The daily price action has formed a bullish candle near the multiple support zone of 14,300-14,200 levels, which remains a crucial support zone to watch out for, said Rajesh Palviya of Axis Securities.
- April 22, 2021 04:50 PM IST
In the absence of a fresh positive development, a bullish momentum was unlikely for the time being and volatility will persist; 14,200 remains a key support on the downside, say experts.
- April 22, 2021 04:41 PM IST
Mazhar Mohammad of Chartviewindia advised traders to wait for more consolidation before going long, and also to refrain from shorting unless Nifty closes below 14,300 levels.
- April 22, 2021 03:13 PM IST
4QFY21 is likely to be another strong quarter as high-frequency data points indicate decent economic recovery. However, towards the end of the quarter, a spike in COVID-19 cases in the second wave has started to somewhat muddy the outlook, Motilal Oswal says.
- April 22, 2021 12:53 PM IST
Data from NSDL shows FPIs have taken out Rs 7,041 crore from Indian equities in April so far. In net terms, FPIs have taken out Rs 4,852 crore from the Indian financial market this month so far.
- April 22, 2021 07:45 AM IST
Stocks like Apollo Hospitals rose over 4 percent, Cadila Healthcare rallied over 5 percent, and Max Healthcare witnessed profit booking after hitting a fresh 52-week high on Tuesday.
- April 21, 2021 04:57 PM IST
Rajesh Palviya of Axis Securities feels on the downside, any violation of an intraday support zone of 14,200 levels may signal weakness towards 14,000 levels.
- April 21, 2021 10:54 AM IST
Most experts are of the view that the market will remain volatile and uncertain in the short term due to the second wave of the coronavirus pandemic.
- April 21, 2021 08:01 AM IST
Earnings are likely to grow by around 25 percent in FY22, however, investors should keep an eye on the impact of the second COVID wave and partial lockdowns, says Reddy
- April 21, 2021 08:00 AM IST
On April 20, while the Sensex shed 243.62 points or 0.51% to end at 47,705.80, Nifty was down 63.10 points or 0.44% to close at 14,296.40
- April 20, 2021 05:51 PM IST
The Nifty has to cross and hold above 14,400 to witness a bounce towards 14,600 and 14,700, while on the downside, support exists at 14,200 and 14,100, say experts.
- April 20, 2021 04:31 PM IST
The Bank Nifty failed to hold above 31,500 and ended the day with losses of 95.70 points at 31,112.70.
- April 20, 2021 12:57 PM IST
The second wave of COVID-19 infections and its likely impact on earnings and the economy in the first quarter of FY22 could be capping the upside for the market. However, stock-specific opportunities are expected to continue, say experts.
- April 20, 2021 08:15 AM IST
After two consecutive quarters of solid earnings beats and upgrades, we expect another strong quarter, aided by a deflated base of Q4 FY20 and healthy demand recovery for the large part of Q4 FY21, said Jani.
- April 20, 2021 07:53 AM IST
Some of the stocks in focus were SAIL, which fell more than 2 percent, IDFC First Bank that dropped more than 5 percent, and Tata Motors which closed with a loss of nearly 3 percent in the previous trading session.
- April 19, 2021 09:18 PM IST
Any violation of an intraday support zone of 14,300 may signal weakness towards 14,200-14,000 levels, says Rajesh Palviya of Axis Securities.
- April 19, 2021 05:21 PM IST
The index has to cross and hold above 14,400 to witness a bounce towards 14,600 and 14,700, while on the downside, support exists at 14,250 and 14,200 zones.
- April 19, 2021 05:07 PM IST
Positional traders with a high-risk appetite can make use of the rally in the day's bearish gap zone, placed between14,382 – 14,559, to create fresh positional shorts, Mazhar Mohammad of Chartviewindia has said.
- April 19, 2021 02:51 PM IST
A breakout from the upper end would resume the uptrend; however, a breakdown below 14,250 which looks unlikely at the moment would push the Index to 14,000 levels on Nifty, says Agarwala.
- April 19, 2021 01:56 PM IST
Airline stocks have come under pressure as several states announce new restrictions, while retail has been hit as fewer people are stepping out to make discretionary purchases.
- April 19, 2021 12:20 PM IST
The world has learned much from the first wave and so it is prepared to tackle the second or the third wave of coronavirus. India is not an exception and that is why markets have bounced back from the recent selloff, say experts.
- April 19, 2021 10:34 AM IST
Experts believe that the consolidation is likely to continue in benchmark indices while there could be stock-specific opportunities
- April 19, 2021 09:37 AM IST
IT & Pharma are long-term portfolio plays. IT space has shown resilience across time frames and is a clear beneficiary of increasing corporate spending on digitalisation and cloud infrastructure. India is well-equipped to be the pharma hub of the world, says Pandey.
- April 18, 2021 07:30 PM IST
Rajesh Palviya of Axis Securities feels any sustainable move above 14,700 may lift the index towards 14,800-14,900 and this should be used as an exit opportunity for short-term traders.
- April 18, 2021 07:59 AM IST
For the upcoming week, the Nifty has strong support at 14,250 levels. While breaching below, it can fall towards 13,800-14,000 levels, says Sumeet Bagadia.