-
India VIX has currently settled below 22.45 on the daily chart so we can expect high volatility in the coming trading sessions.
-
Bullish technical set up is seen not only for Indian markets, but across the globe. Short-term traders are advised to focus on 15,470 levels as resistance for the Nifty50 index.
-
LIC Housing Finance is the fresh addition in its portfolio as it is a value play (1.0x PBV) supported by pick up in home loan demand, and builder NPL resolutions
-
Overall Nifty is trading with bullish bias and it has a potential to trade towards 15,000 unless it gives closing below its 5-week SMA and last week's low standing around 14,350.
-
Bank Nifty has formed a bearish ABCD harmonic pattern on the daily timeframe which is placed near 200 percent retracement from its previous intermediate low of 20,404 levels.
-
Traders can adopt buy on dips approach until the support level holds and expect the trading range of 12,721 to 13,050 levels.
-
Prabhudas Lilladher believes that current uncertainty is a passing phase and return to normalcy will result in several beaten down segments bouncing back strongly from FY22.
-
As far as levels are concerned, the base has shifted higher and the previous resistance area of 11,700– 11,450 should now be treated as strong support.
-
As the uncertainty persists, a stock-specific approach is what one needs to follow in this market.
-
The Bank Nifty traded with a negative tone but has managed to sustain above the crucial 22,000-mark.
-
While the market has rallied smartly, the rally has been highly concentrated with the top 15 stocks contributing over 70 percent of the returns.
-
We recommend buying State Bank of India around Rs 197 with a stop loss of Rs 189 for higher targets of Rs 215/220.
-
An index is likely to remain sideways in the range of 10,880 to 10,680 in the forthcoming trading week with slightly negative bias.
-
Whenever price candle will be near previous swing high which is near Rs 210-212 levels, then one can book profits in SBI.
-
Largecaps or sector leaders are the safest bet during a crisis because the recovery momentum generally reflects first in these stocks, say experts.
-
Brokerages retain bullish stance on the stock expecting 20-49 percent potential upside from current levels
-
The next leg of upmove can be expected only if the 9,600 level gets traded on a higher side decisively on closing basis after the mild consolidation and in such case the bulls can extend this rally till 9,889 and 10,050.
-
Prime Minister, Narendra Modi said the package will focus on four factors - Liquidity, Land, Labour and Laws.
-
The benchmark index is trading above 20 DMA which is footed at 8600 suggests one should opt for buy on dip strategy going forward.
-
Bank Nifty has been a laggard in the current up move and it should witness a strong up move as it has crossed its 20-day short term average after two months.
-
The company has sound fundamentals and growth potential, therefore patient investors can hold it for the long term or till they make sufficient gains on their positions, Nirali Shah said.
-
The restructuring of Yes Bank has to be seen in the light of failures of the NBFCs, IL&FS and DHFL and the crisis in banks like PMC Bank and PNB.
-
The first and foremost effect of the Yes Bank crisis was on Life Insurance Corporation of India.
-
"The new capital will likely come in at a steep discount to current share price, as forced 'bailout' investors will likely want a large cut for equity holders," the brokerage said.
-
Sudarshan Sukhani of s2analytics.com recommends buying Castrol India with stop loss at Rs 147 and target of Rs 154 and Escorts with stop loss at Rs 830 and target of Rs 860.
