Nifty gains for a second straight day, shutting shop above the 18,300 mark. Will the bulls gain further momentum? BPCL Q4 earnings top expectations, PB Fintech narrows its losses significantly in Q4 and Ashok Leyland reports Q4 earnings today. We discuss the cues for trade and all these stocks with Sacchitanand Uttekar, Tradebulls Securities. Also what should one do with stocks like Divi’s Labs and Laurus Labs post Q4 earnings. Moneycontrol Pro’s Anubhav Sahu answers. Watch!
Shree Cement, HEG and BPCL will be in focus on the back of earnings, MOSL initiates a buy rating on Kajaria Ceramics and Macquire note on the consumer and food segment to keep QSR stocks in action. Moneycontrol's Nickey Mirchandani in discussion about market strategy with Sudeep Shah. Deputy Vice President, Head of Technical & Derivatives Research (Equity & Currency) at SBI Securities and Prakash Diwan, Director, Almount Capital Management
Benchmark indices trimmed gains in the afternoon session with the Nifty shutting shop below the 18,300 mark. Will the Nifty regain momentum today? Shrikant Chouhan of Kotak Securities decodes the trade setup for today. Stocks in the Spotlight are L&T, Dr Reddy’s and Apollo Tyres. Zomato plunged nearly 6% as investors fear disruption from ONDC’s entry into the food delivery space. How big a threat does it pose for Zomato and Swiggy? Karan Taurani of Elara Capital shares his thoughts! Watch!
Will Nifty start the week by overcoming Friday's sell-off? Upgrade on Bharat Forge by Nomura will be on the radar. Q4 result reaction expected from Paytm, Coal India & Britannia post-March quarter numbers. Catch @onlynickey in conversation with Amisha Vora - Prabhudas Lilladher Pvt. Ltd, Chairperson and Managing Director, Prabhudas Lilladher Pvt. Ltd. and Amar Deo Singh, Head Advisory, Angel Broking only on Opening Bell
The Nifty was back in the negative zone for the year after the selloff on May 5. Can the bulls stage a comeback this week? We discuss the market cues and the levels to watch out for on the Nifty and Nifty Bank with Rajesh Palviya of Axis Securities. Stocks in the spotlight today are Britannia, Coal India, Blue Dart, Adani group shares and AB Fashion. Paytm narrowed losses sharply to Rs 168 crore in Q4 while clocking an over 50 percent jump in revenue. Should you buy, sell or hold? We discuss with Vinit Bolinjkar, Head Of Research, Ventura Securities. Watch!
Technically, Bank Nifty is consolidating above the 36000 mark where 36500 is an immediate hurdle. Above this, we can expect a move towards the 37200/37700 levels.
Despite the recent rally, there are plenty of opportunities within the private sector banks, which are adequately provided and have sufficient capital, say experts.
Bulls are fully in charge and the market is trading in unchartered territory. Investors and traders should remain cautious in the short term as the market has become a little bit stretched.
For the coming week, we expect the market to find strong support near the 11,200 mark while the supply zone is likely to kick from 11,600 on the Nifty.
Strong buying interest seen across financial companies, so far, in June. This sector traditionally has a high weight in the Nifty (around 33 percent) and is a high beta sector.
The above research simply shows that by combining time cycles along with Elliott Wave provides forecasting ability along with timing the market.
Our view for BankNifty is bullish even from the present level. The way the index has been trading since the last few days, it indicates a further upside movement.
On the monthly chart, the index has bounced every time it has entered in ‘Ichimoku’ cloud area. It first entered cloud area in 2008-2009 after which it witnessed a fresh high life level.
The Nifty 50 index is struggling to find a directional bias. It is broadly moving within a band of 8,800 and 9,200. These levels are crucial.
For Yes Bank’s shareholders, the ideal time for a selloff was when Rana Kapoor sold around levels of Rs. 60/share, now the investor should decide depending on his asset allocation.
We have a bullish view for FMCG stocks who benefit the most from the corporate tax cuts. In the coming quarters, we will see it reflecting in their balance sheets.
Bear Put spread is a moderately bearish strategy. The strategy is built by Buying a Put close to the current market price of the underlying and selling the same expiry Put but of a strike lower than the Put bought.
The open interest in Bank Nifty has swelled sharply along with the up move and the current open interest in the index is the highest seen since August 2018 suggesting long build-up.
The Midcap index however continues to trade above the midpoint of the tall bar formed in the first week of November, indicating strength in the long-term structure
Some cool off in India VIX could be expected after the political outcome becomes apparent.
Banks stocks fell sharply amid steep market correction on US elections jitters. Bank Nifty crashed 7 percent intraday but analysts expect strong growth in banks going ahead, especially after the government announced measures to curb the black money.