-
Shares of battery-makers saw traction after reports that the American clean-energy and electric-vehicle company Tesla will begin its operations in India in 2021.
-
The most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
-
Nifty has crossed its multiple resistance levels near 12,000 and one can expect a new high with mid-caps and small-caps outperforming the broader markets.
-
The Nifty has managed to close above the inverse head and shoulders neckline and the target, as per the pattern, is 11,800, which can be achieved if it sustains above 11,150 levels.
-
The 21-day exponential moving average, on the daily chart, is acting as an anchor point for the benchmark index.
-
June and March quarter earnings indicated that lot of sectors did not have much impact of COVID-19-led lockdown. As a result, lot of stocks saw an upgrade in rating to buy.
-
Bank Nifty should witness an upward breakout as multiple higher bottoms in the range of 21,100-21,300 levels and the event of the credit policy is behind.
-
On the technical front, Bank Nifty is looking much stronger than Nifty and it is likely to test 23,000 levels in the coming sessions.
-
Immediate resistance for Nifty is seen at 9,390. A sustained trade above 9,390 could push Nifty towards the target of 9,800-9,900 levels.
-
The bullish view negates on breaching of right shoulder on closing basis, and one should exit from long position.
-
Kotak slashed its price target for Amara Raja to Rs 650 (from Rs 780 earlier) and Exide Industries to Rs 165 (from Rs 180) due to cut in EPS estimates amid COVID-19-led impact.
-
Nifty is hovering above the psychological support of 12,000. A breach of this mark might drag the index towards the previous important swing low of 11,930.
-
Sudarshan Sukhani of s2analytics.com recommends buying Ashok Leyland with stop loss at Rs 84.80 and target of Rs 88 and M&M Financial Services with stop loss at Rs 348 and target of Rs 355.
-
Mitesh Thakkar of miteshthakkar.com recommends buying Axis Bank with a stop loss of Rs 744.9 and target of Rs 780 and Bank of India with a stop loss of Rs 72.5 and target of Rs 78.5.
-
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries with stop loss at Rs 188 and target of Rs 201, HDFC with stop loss at Rs 2150 and target of Rs 2400 and Jindal Steel & Power with stop loss at Rs 141 and target of Rs 152.
-
Out of the last 10 trading sessions, the Nifty50 has given positive returns in eight
-
Nomura upgraded stock to buy from neutral and raised target price to Rs 222 from Rs 203 per share, implying 19 percent potential upside from current levels.
-
Ashwani Gujral of ashwanigujral.com suggests buying JSPL with stop loss at Rs 119 and target of Rs 130.
-
A decisive break above 11,700 will definitely offer a range breakout, which will further open the gates for the index to retest 12,000 levels
-
Nifty is in a short term downtrend and can extend the fall towards 11,450-11,500 zone. One should remain bearish in Nifty with the stop loss of 11,800 on closing basis.
-
Bank Nifty options data for upcoming weekly expiry depicts 31,000 as strong support as aggressive Put writing is seen at 31,000 and on upside the highest Call OI is at 32,000, which can act as strong resistance
-
Upmove is likely to continue as FIIs seem to be upbeat on the Indian economy and major inflow is expected from them in coming days
-
Sudarshan Sukhani of s2analytics.com recommends buying Tata Consultancy Services with stop loss at Rs 2055 and target of Rs 2100, Infosys with stop loss at Rs 743 and target of Rs 761 and V-Guard Industries with stop loss at Rs 218 and target of Rs 226.
-
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
-
Taking the broader view into perspective, Nifty is well placed above all major moving averages and until 10800 holds any dip is likely to bought into.
