November 13, 2018 04:44 PM IST
The strong rally seen in the index took shape of a Piercing pattern which signals a temporary halt to the downtrend. The pattern is formed by two consecutive candlesticks.
November 13, 2018 10:58 AM IST
A further rise in volatility is likely to put pressure on the markets. It needs to move below 17 for the market to move higher, says Ashish Chaturmohta of Sanctum Wealth Management.
November 13, 2018 09:46 AM IST
The company reported a 6 percent increase in consolidated profit after tax at Rs 548.76 crore in the second quarter ended September 30.
November 13, 2018 09:10 AM IST
We believe that, short term trend in the Nifty is still bullish and it is likely to find support around 10,400 odd levels.
November 13, 2018 08:49 AM IST
Mitessh Thakkar of mitesshthakkar.com suggests selling Eicher Motors with a stop loss of Rs 22300 and target of Rs 21000 and Hindustan Zinc with a stop loss of Rs 268.25 and target of Rs 252 and advises buying Cummins India with a stop loss of Rs 779 and target of Rs 835.
November 13, 2018 08:07 AM IST
Rajesh Agarwal of AUM Capital recommends buying Repco Home Finance with stop loss at Rs 398 and target of Rs 425, Mahanagar Gas with stop loss at Rs 848 and target of Rs 873 and Triveni Engineering with stop loss at Rs 52 and target of Rs 58.
November 12, 2018 04:26 PM IST
The index formed a Hanging Man kind of pattern in the previous trading session and formation of a bearish candle on Monday confirms the formation of an intermediate top.
November 12, 2018 11:56 AM IST
The Q2FY19 earnings season so far has been in line with the expectations. Strong results declared by IT companies, upbeat numbers from RIL and robust growth reported by the FMCG companies are indicative of sustained demand environment.
November 12, 2018 11:46 AM IST
One can go long in the scrip above Rs 124 with stop loss of Rs 109 for the higher target of Rs 148, says Shabbir Kayyumi of Narnolia Financial Advisors.
November 12, 2018 11:46 AM IST
It has been trading above its 200-DMA which is found around its Rs 88 levels also implying further strength. Moreover, momentum indicator RSI is also looking firm suggest further move, says Shabbir Kayyumi of Narnolia Financial Advisors.
November 12, 2018 11:46 AM IST
Formation of Cup and Handle pattern on daily chart is showing bullishness in near term but breakout of the pattern is expected to come above Rs 123 on closing basis, says Shabbir Kayyumi of Narnolia Financial Advisors.
November 12, 2018 11:46 AM IST
Sustainability of RSI above 60 is also implying upsurge move suggesting a buy in the scrip above Rs 274 for the target of Rs 320 with a stop loss of Rs 252, says Shabbir Kayyumi of Narnolia Financial Advisors.
November 12, 2018 09:26 AM IST
BNP Paribas maintained its buy rating on Titan post Q2 results with a target price of Rs 1042.
November 12, 2018 08:50 AM IST
Sudarshan Sukhani of s2analytics.com suggests buying Adani Ports with stop loss at Rs 321 and target of Rs 372, Ajanta Pharma with stop loss at Rs 1050 and target of Rs 1180 and MRF with stop loss at Rs 65200 and target of Rs 68500.
November 12, 2018 08:35 AM IST
Given a strong rebound in the last session to hold above 10,550 levels, the immediate resistance for the index is placed at 10,616 levels followed by 10,690 level and support is seen at 10,450 levels.
November 12, 2018 08:18 AM IST
Rajesh Agarwal of AUM Capital recommends buying Voltas with stop loss at Rs 523 and target of Rs 560, RBL Bank with stop loss at Rs 544 and target of Rs 562 and Strides Pharma Science with stop loss at Rs 462 and target of Rs 495.
November 11, 2018 12:50 PM IST
Nifty has strong support at 10,500-10,460 and resistance at 10,700-10,750 levels, says Sumit Bilgaiyan of Equity99
November 11, 2018 12:25 PM IST
Dharmesh Shah of ICICIdirect.com does not expect the Nifty to breach its immediate support of 10,200
November 10, 2018 11:36 AM IST
Valuation of the broad market continues to be on the higher side and needs to settle as earnings growth is likely to downgrade further, says Vinod Nair of Geojit Financial Services.
November 10, 2018 08:53 AM IST
Bulls should get cautious if Nifty falls below 10,450 followed by 10,380 levels, writes Shabbir Kayyumi of Narnolia Financial Advisors
November 09, 2018 04:29 PM IST
A Hanging Man is a bearish reversal candlestick pattern which is usually formed at the end of an uptrend or at the top (more than 600-point rally from its recent low of 10,004 recorded on October 26).
November 09, 2018 10:54 AM IST
Traders can accumulate the stock in a range of Rs 118-120 for the upside target of Rs 133 with a stop loss below Rs 110.
November 09, 2018 10:52 AM IST
Traders can accumulate the stock on dips around Rs 192-190 for the upside target of Rs 210 levels and a stop loss below Rs 178.
November 09, 2018 10:40 AM IST
GAIL stock has given a multiyear breakout near the level of Rs 320 and is marching towards the uncharted territory.
November 09, 2018 10:40 AM IST
Traders can accumulate the stock in a range of Rs 82-83 for the upside target of Rs 94 with a stop loss below Rs 75.
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