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.
While there is a view in the market that the fall in the Sensex and Nifty may only be temporary, indices are very likely due for a significant and persistent correction because of prevailing macroeconomic conditions
A candlestick is formed with the help of opening, high, low and closing price of the day.
The markets are expected to remain volatile till next month’s RBI monetary policy meeting and results season
The Nifty50 after gap up opening above 11,300-mark rallied to hit an intraday high of 11,332.05, but wiped out all gains in last couple of hours of trade to break crucial support and hit day's low of 11,210.90.
Real estate and cement sectors could be wealth creation opportunities over 3-5 years
Macquarie feels the valuation risk is limited to benchmark indices while midcap is still vulnerable.
Investors could park money in quality stocks having scalability, robust earnings growth visibility and a strong corporate governance track record
The Nifty50 lost 98.90 points to close at 11,278.90. And also closed below its 50-DEMA which indicates that bears are holding the tight grip in the market, experts said.
Rising crude oil prices and the increase in the current account deficit are additional risk factors that could put pressure on the rupee, Bajaj Allianz's Reddy said in an interview.
For market to show strength sequence of lower highs and lower lows needs to be broken. Hence, 11,523 needs to be taken out first for market to see level of 11,600, says Ashish Chaturmohta of Sanctum Wealth Management
Ridham Desai of Morgan Stanley in his September report raised 30-share BSE Sensex target to 42,000 for September 2019, implying a potential upside of 11 percent.
Ravi Kataria of Investment Imperative Group said quality investments over the next couple of quarters can garner high returns post 2019 general elections.
It’s a normal corrective phase and expect further consolidation in the Nifty within 11,100-11,700 ahead, says Jayant Manglik of Religare Broking.
A 'Bearish Belt Hold' pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body.
Given elevated valuations and recent strong performance, we believe that the risk-to-reward for Indian equities is less favourable at current levels and we lower our investment view from overweight to marketweight, said the report.
Now the threshold is festive season, the best season of the year. Ajay Srivastava of Dimensions Consulting said if this festive season is good then there could be continued revival in the growth.
Eventually, a fresh breakout beyond 11,760 shall open up targets placed around 12,500 kinds of levels, says Mazhar Mohammad of Chartviewindia.in.
Shabbir Kayyumi of Narnolia Financial Advisors suggests taking stock-specific long position with strict stop loss levels
Jayant Manglik, President, Religare Broking, expect the Nifty to further consolidate between 11,100 and 11,700 this week