-
We expect the Nifty to consolidate in the range of 11760 – 11300 in the coming week to work off the overbought situation in the weekly stochastic.
-
The Nifty may scale new highs if it sustains above 11,800, says Rupak De of Bonanza Portfolio
-
Rajesh Agarwal of AUM Capital recommends buying UPL with stop loss at Rs 669 and target of Rs 695, Yes Bank with stop loss at Rs 359 and target of Rs 375 and SRF with stop loss at Rs 2000 and target of Rs 2120.
-
Going forward, we expect the Nifty to maintain buoyancy and eventually head towards 11,925 levels in coming weeks given the robust price structure.
-
Ashwani Gujral of ashwanigujral.com suggests buying NIIT Tech with a stop loss of Rs 1360, target of Rs 1410, Dabur India with a stop loss of Rs 450, target of Rs 475 and Axis Bank with a stop loss of Rs 630, target of Rs 655.
-
The main impact could be in the form of accretion in fresh slippages and the rise in credit costs (especially for SME/MSME/retail) along with weakening credit growth profile.
-
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1572 and target of Rs 1640, Aurobindo Pharma with a stop loss below Rs 639 and target of Rs 690 and HUL with a stop loss of Rs 1660 and target of Rs 1840.
-
Shabbir Kayyumi of Narnolia Financial Advisors said majority of oscillators are in the overbought zone and the possibility of profit-booking at higher levels cannot be ruled out
-
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
-
It has led to a higher base formation signalling a reversal of the corrective trend and resumption of the fresh up move in the stock.
-
We believe the stock has a potential of moving higher towards its potential target of Rs 315 in the medium-term.
-
The bullish breakout above 10,930 has resulted in a conclusion of a five-month-long triangular pattern, signalling fresh upsides in coming weeks for Nifty
-
Hadrien Mendonca of IIFL said projections indicate that the Nifty is on its way towards its potential near-term target of 11,350-11,400 levels.
-
Hadrien Mendonca of IIFL suggests buying SBI with a target Rs 315.
-
Positional traders shall buy into this counter with a target of Rs 281 and a stop placed below Rs 254 on a closing basis.
-
Investors are advised to stay long as long as the index holds above 10,750-10,700, experts said
-
Shabbir Kayyumi of Narnolia Financial Advisors advises buying Escorts with a target of Rs 950.
-
Commodity prices rallied sharply between February and May 2018, which was beneficial to companies which are directly linked with like metals and select oil stocks, but falling prices is generally good for companies which use these commodities as their raw material.
-
For a correction to occur, experts state that oil prices have to stay above $80 a barrel and dollar has to increase sharply against the rupee
-
On the upside, 10,820–10,840 are the levels to watch out for. On the flipside, 10,725 followed by 10,677 are likely to act as important support levels.
-
With challenges on the macro front and increasing political headwinds faced by the BJP heading into the 2019 general elections, Prabhudas Lilladher believes traders are likely to remain cautious
-
A rate hike is something which might not be taken in a positive light by most of the sectors
-
Motilal Oswal expects Nifty EPS to grow 27.4 percent to Rs 579 in FY19 and 19.6 percent to Rs 693 in FY20.
-
In Q4FY18, the bank’s revenue witnessed a growth of 18.6 percent on YoY basis to Rs 68,436 crore, says Akash Jain of Ajcon Global.
-
We do not expect a rate hike at their June meet. However, if monsoons are not upto expectations and crude oil prices spike up and is on a upward trend then RBI may be forced to hike rates.
