May 10, 2021 01:43 PM IST
We expect the index to witness a breakout above its ongoing consolidation band of 14250-14850. The latest weekly price performance has been significant as the index never slipped below its previous week's swing low despite a weak opening to the week, says Uttekar.
- May 10, 2021 11:35 AM IST
The premium for commodities that can be delivered now versus later into the future is the highest since 2007, signalling just how strong is the demand for raw materials and how tight supplies are.
- May 10, 2021 10:14 AM IST
There are stock-specific trading opportunities across the board which are keeping the traders busy and that may continue this week as well, said an expert. Traders should prefer sectors/themes like pharma, metal and agriculture
- May 10, 2021 09:59 AM IST
MCX June gold has given a breakout above 47,750 from where a further bullish momentum of up to 48,000-48,200 levels is possible. Support is at 47,500-47,300 levels, say experts.
- May 10, 2021 09:55 AM IST
FIIs have been selling in India due to the COVID second wave concerns and moving to safer markets like South Korea and Taiwan, says Vijayakumar.
- May 10, 2021 09:52 AM IST
From Goldman Sachs to PayPal, Apple to MasterCard everybody is opening up to bitcoin and its peers. Corporate celebrities like Elon Musk and Chamath Palihapitiya have also pushed the case on social media.
- May 10, 2021 07:19 AM IST
Consideration the mix of long built up and short covering seen in market towards the end of week, along with the decline in India VIX, market can now be approach with low-risk strategy
- May 10, 2021 07:18 AM IST
It is better not to trade aggressively in the index and carrying of overnight positions is strictly avoided, said Sameet Chavan.
- May 09, 2021 01:37 PM IST
The daily strength indicator RSI and the momentum indicator Stochastic both have turned bullish along with positive crossover which is a positive bias.
- May 09, 2021 08:27 AM IST
Technical indicator +DI crossing -DI and RSI turning upwards suggest intermediate bullishness is intact; however, it will be important to watch if the Index sustains above 15,000 levels for an extended rally.
- May 09, 2021 07:48 AM IST
You can empower your mother with a financially fit future by investing in equities on her behalf. Taking everything a notch above, you can even teach her how to invest.
- May 09, 2021 07:47 AM IST
It is important to note that COVID recoveries need to be more than the new daily cases and the recent recoveries are on the rise, resulting in a positive sign, said Chaturmohta.
- May 08, 2021 12:59 PM IST
The vertical spread family can consist of multiple strategies, but the most popular ones are Bull Call Spreads and Bear Put Spreads. Read on to know what all parameters you need to keep in mind while adopting these strategies
- May 08, 2021 11:52 AM IST
Investors can look at stock-specific plays in the market over the next 3-4 weeks. Metal stocks have been star performers in this rally and continue to display an undeterred upward momentum, says Shah.
- May 08, 2021 08:10 AM IST
Analysts attribute the rise in the broader markets to strong results posted by India Inc. in the small & midcap space
- May 08, 2021 07:58 AM IST
Determining whether a company is worth investing in or not requires time. These red flags can help you weed out the underperformers and build a high-quality portfolio.
- May 07, 2021 05:17 PM IST
Traders should wait for further strength before initiating fresh long positions in the index, Mazhar Mohammad of Chartviewindia has said.
- May 07, 2021 04:45 PM IST
Nifty has to hold above 14750 zones to witness an up move towards 15000 -15050 zones while on the downside support exists at 14700 and 14600 zones, suggest experts.
- May 07, 2021 01:31 PM IST
As long as 15 minutes cycle's low near 14415 is protected, prices can show range-bound movement with a positive bias. A break below 14,415 will suggest cycles are entering into a sell zone, which can take it lower towards the earlier support area of 14,200.
- May 07, 2021 09:55 AM IST
While experts advise investors to book partial profits, they warn against the tendency to blindly follow FIIs and trim portfolios. Since consolidation in large-caps are likely in the days ahead, they ask investors to exit small-cap and mid-cap stocks.
- May 07, 2021 09:38 AM IST
On MCX, gold has support at Rs 47,330-47,100 and resistance at Rs 47,800-48,050. For silver, support is at Rs 71,100-70,700 and resistance at Rs 72,400-72,900, say experts.
- May 07, 2021 08:03 AM IST
Here's what Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities Ltd, recommends investors should do with these stocks when the market resumes trading today:
- May 07, 2021 07:54 AM IST
it is a bit futile to make sense of stock price movements in the short term given the number of factors at play. Even if we manage to explain these in hindsight, it has very little predictive power, said Gubbi.
- May 07, 2021 07:39 AM IST
Going ahead, 15000-15050 will act as a key resistance level. If the prices break above the 15050 marks, we might see the index move higher towards the 15292-15300.
- May 06, 2021 04:40 PM IST
Mazhar Mohammad of Chartviewindia advised traders to remain neutral on Nifty by shifting focus towards stock-specific opportunities.