Soumen Chatterjee of Guiness Securities sees the rupee sliding towards 71 against the dollar over the next 3-6 months
Most of these bets have worked out really well as evident from sharp jump in many names after the Q1 FY19 earnings
Failure of the index to hold above 11,366 which was the intraday low of Thursday, could drag the index towards 11,230 levels, they say.
Among sectors, metals were the biggest losers, but banks were the major pain points for the market. Infra and energy names, too, emerged to be among the losers.
India VIX moved up by 2.73 percent at 13.64 levels. On the options front, maximum Put OI is placed at 11,000 followed by 11,200 strikes while maximum Call OI is placed at 11,500 followed by 11,400 strikes.
In the long run stock prices are slaves to company earnings. With headline indices continuing to march on to new records and strong IPO`s hitting the market, investors, the Indian equity story is far from over, Jinesh Gopani, Head - Equity, Axis Mutual Fund told Moneycontrol's Sunil Shankar Matkar.
Apart from the traditions investment options, experts are of the view that equities alone can get you the financial independence.
The Nifty managed to reclaim 11,400, while the Sensex ended over 200 points higher.
Option band signifies a hold in the current trading band in between 11,350 to 11,500 then 11,600 zones, experts said.
Today the rupee hit record low of 70.08 against the dollar but recovered a bit later on.
Most of the small and midcap companies have done well in the last one year, although the broader market as a theme came under some pressure in the last 2-3 months
Mukherjee said the currency space needs to be monitored closely because the first sign of trouble usually manifests in the currency market than in the stock market.
India VIX moved up by 4.08 percent at 13.37 levels. Spurt in VIX suggests that upside is going to be capped on immediate basis, experts said.
The Nifty managed to give up 11,400-mark, while the Sensex fell over half a percent.
The most important recommendation is including frauds related to financial statements in domain of unfair practice
The Turkish Lira hit the 7.24 mark against the dollar and is trading 8 percent weaker compared to Friday’s close
The S&P BSE Sensex has already rallied a little over 11 percent so far in the year 2018 to touch levels closer to 38,000 but the rally may not be over yet, a poll showed.
Overall, banks reported net loss of Rs 1,761.85 crore (majorly led by PSU banks) for the quarter ended June 2018, which was narrowed from big loss of Rs 41,630.60 crore in March quarter.
Hareesh V of Geojit Financial Services said immediate support for natural gas is placed at Rs 185 mmbtu and resistance at Rs 220 mmbtu
Charts are the most basic aspect of technical analysis. Chart is a graphical representation of the price action of an asset for analysis and decision making.
Vineeta Sharma of Narnolia Financial Advisors said corporate lenders have shown some sign of positive trend this quarter. The pre-provisioning profit (PPP) for PSU as well as private lenders have grown well.
The market is expected to consolidate for next few sessions before resuming its northward journey, but the long term trend remains positive, experts said
For the week Sensex gained 0.8 percent, Nifty was up 0.6 percent, while Nifty Bank rose 1.5 percent.
To hedge a position in cash (participating F&O stocks) & futures market, use options (Buy Put for Long Futures & Bought Stocks, Call for Short future)
In the worst case scenario, correction may get extended up to 11,200 kinds of levels on the downside before resuming its up move