In a perfect piercing pattern, opening will be below previous day’s closing price and the close will be above the mid-point of previous sessions candle body but Tuesday’s opening was almost close to Monday’s closing price.
In Q2 2019, supply is expected to increase from US companies, which may bring some relief to rising oil prices
IT, pharma, and MNC stocks are the order of the day, Ajay Srivastava, CEO of Dimensions Corporate Finance said
Immediate support for Nifty is at 10,855. Breaking below this, the next support zone is at 10,640-10,550, says Ashish Chaturmohta of Sanctum Wealth Management
Market looks weak but Sanjay Mookim of Bank of America Merrill Lynch sees relative trades in retail, select banking and rural focussed stocks.
We advise limiting leveraged positions and keeping the existing trades hedged. Also, strictly avoid adding to the loss-making trading positions, says Jayant Manglik of Religare Broking.
In the current market scenario one should avoid leveraged positions and investors should diversify their portfolios, said Ajay Jaiswal of Stewart & Mackertich Wealth Management
The 50-share NSE index lost 793 points or 6.7 percent from its record high of 11,760 seen on August 28.
Andrew Holland said the research house will be looking at quality NBFCs though
Akash Jain of Ajcon Global said the dented market sentiments will present investors great and good companies at decent valuation which investors can add in their portfolio.
Option activity for Nifty depicts strong support base at 11,000 led by highest Put open interest, says Shubham Agarwal of Quantsapp
For the coming week, 11210 followed by 11350 would be seen as immediate hurdles, suggest experts
Amit Shah of Indiabulls Ventures said the Nifty is also likely to head towards 10,700 zone in the near-term
The Nifty has a downside room but with respect to ratio, the Nifty has more room for an upside rally, says Sumeet Bagadia of Choice Broking.
Hareesh V of Geojit Financial Services said the rupee turned strongly bearish versus the dollar since March as the US and China started imposing tariffs on each other
Sumeet Bagadia of Choice Broking feels investors should remain stock-specific rather than sector-specific and invest only in attractively priced fundamentally strong mid- and smallcap stocks
Chandan Taparia of Motilal Oswal Financial Services feels traders may face mark-to-market burden if the market doesn't see a recovery
Hanging Man and the Hammer candles looks quite similar but these two candlesticks are differentiated by the prior move or short term trend
Friday's low will act as strong support level for Nifty, Bank Nifty as well as stocks. IL&FS crisis will bring volatility in market in the expiry week so it is better to adopt wait and watch approach during this week
If Bank Nifty settles below 25,900 levels then we will not be surprised to see it targeting towards 24,600 levels
An exponential moving average is a moving average for time-series data which places greater weight on more recent data. It is also called as price-weighted moving average for the price of a stock or an index for a given period of time.
The Nifty50 managed to recoup 2/3rd of losses in last hour of trade to close 91.30 points lower at 11,143.10.
Market Veteran, Warren Buffett always says we simply attempt to be fearful when others are greedy and to be greedy only when others are fearful
IT and pharma stocks performed smartly in last couple of months as Nifty IT index year-to-date shot up 38 percent and Pharma gained 9 percent.
Gaurav Dua of Sharekhan is advising clients to turn overweight on consumer discretionary, IT services, Pharma and also gradual build position in leading corporate lending banks.