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Bajaj Finserv rose nearly 8 percent to hit a fresh 52-week high, Bajaj Finance rose by 3.3 percent, and Affle India closed with gains of nearly 5 percent. Read on to know what are the expert views on these stocks
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today:
Stocks that were in focus include Tata Elxsi, which closed with gains of over 9 percent, Tata Consumer, which fell nearly 5 percent, and Rushil Décor that rose nearly 9 percent on Tuesday.
Stocks that were in focus include Alkyl Amines that rose 20 percent to a fresh 52-week high, Balaji Amines which rallied more than 19 percent, and Vinati Organics that closed with gains of nearly 3 percent on Tuesday.
Some of the stocks in focus were TCS, which fell more than 4 percent post Q4 results, Infosys that was down nearly 2 percent ahead of results on Wednesday, and Wipro which closed with a downtick of over 3 percent on Tuesday.
Tata Steel rose over 4 percent, JSW Steel and Blue Dart rallied more than 5 percent each on March 30 to hit a fresh 52-week high. Read expert recommendations on how to trade these stocks today.
Here's what Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in, recommends investors should do with these stocks when the market resumes trading on March 10:
Stocks like Vaibhav Global rose nearly 8 percent, Alkyl Amines rallied more than 15 percent, and Greaves Cotton closed with gains of more than 3 percent were some of the stocks in focus.
Stocks like HCL Technologies rose nearly 4 percent, Indoco Remedies rose over 3 percent while the JK Cement closed with gains of over 3 percent on Tuesday.
Stocks like Info Edge, Hero MotoCorp, and Balkrishna Industries hit a 52-week high in a volatile session on Tuesday.
Though the recession is given for the year 2020, global policymakers are doing their best to keep their key stakeholders afloat in their economies through stimulus packages.
Nifty requires a minimum correction of 7 quarters post-September 2018 as a preceding leg of upswing consumed 7 quarters from the lows of 7893 (Dec 2016) to have a high of 11760 (Sep 2018).
The initial momentum if sustained could push the index beyond 11,180, which would open room for the index to head towards 11,400-11,500
18 out of 50 companies in the Nifty50 may remain more vulnerable for a fall as valuation comfort is clearly missing.
Nifty should register a breakout in the next two sessions with a strong close above 10,870 levels signalling the beginning of short term uptrend.
The Nifty index rose for the fourth consecutive day to an intraday high of 9,938. It has been making higher highs and higher lows from the last three trading sessions.
The level of 9,920 which was the intraday high in Wednesday’s trade will act as a crucial resistance level for the index in the short term.
The pattern has no or a tiny upper shadow, a small body, and a long lower shadow. The body is at least half the size of the tail. It is a bullish reversal pattern and often signifies that the market could be nearing a bottom.
A bullish candle formed for the second consecutive day signifies that the market witnessed sustained buying interest from the Bulls
However, investors could remain cautious and wait for the index to close above 10K on a closing basis to initiate fresh positions, suggest experts.
Traders should not make decisions based on just one candlestick pattern and wait for further confirmation as Thursday's price action will be crucial.
The big move could also be a result of short covering which propped the index towards 9,700. This was evident from the advance-decline ratio which sits at 99 issues advancing compared with 112 declining.
