April 21, 2019 10:53 AM IST
As per the Fibonacci projections, the short term target of Nifty50 is 12,000 and in upcoming week if 11,856 trades on higher side then we could see a smooth journey towards the target level.
April 21, 2019 07:36 AM IST
Bank Nifty has to continue to hold above 30,000 zones to attract buying interest towards its life time high of 30,669 levels while on the downside major support is seen at 29,650 levels.
April 21, 2019 07:26 AM IST
Earnings will continue to be a key factor in the coming week.
April 20, 2019 11:10 AM IST
Nifty Auto was the outperforming sector for the week, up 2.2 percent while on the other hand Nifty PSU Bank was the top loser, down 2.7 percent.
April 20, 2019 08:47 AM IST
Overall pattern setup suggests that trend could remain intact while decline could be bought to continue its upward journey, experts said.
April 18, 2019 02:06 PM IST
The breadth of the market favoured the declines as 504 stocks advanced and 1,232 declined while 360 remained unchanged. On the BSE, 800 stocks advanced, 1,604 declined and 167 remained unchanged.
April 18, 2019 12:42 PM IST
While the reluctance of SBI-led consortium of lenders to release interim funding of Rs 1,000 crore has left the ailing carrier into an unnavigable impasse, it was perhaps the re-entry bid of founder Naresh Goyal that led to the beginning of the end for the carrier.
April 18, 2019 10:53 AM IST
The top Nifty gainers include Tata Motors, Reliance Industries, Wipro, Tech Mahindra and Asian Paints while Bharti Airtel, Indiabulls Housing, YES Bank, Vedanta and Hindalco are the top losers.
April 18, 2019 09:51 AM IST
Sector rotation is normal and is done to change or rebalance the portfolio, suggest experts
April 17, 2019 06:56 PM IST
Nagaraj Shetti of HDFC Securities said as long as Tuesday's upside gap remains intact at 11,705 levels, the short term trend of Nifty can be presumed to be up.
April 17, 2019 01:09 PM IST
We would look at auto stocks more closely post elections and how monthly numbers pan out over period of 2-3 months to gauge if there is pickup in volumes.
April 17, 2019 10:27 AM IST
In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.
April 17, 2019 09:55 AM IST
The most well-known lagging indicators are the moving averages and Bollinger Bands. Here's what these are used for and what they mean
April 16, 2019 05:51 PM IST
Apart from stable global cues, a better monsoon outlook from IMD provided relief to investors. The Street is also building hopes of further rate cuts to reverse the economic slowdown
April 16, 2019 05:05 PM IST
Mazhar Mohammad said sustaining above Tuesday’s gap zone of 11,731–11,704 levels one can remain positive and look for higher targets placed around 12,000 kind of levels.
April 16, 2019 02:43 PM IST
The breadth of the market favoured the advances as 891 stocks advanced and 813 declined while 387 remained unchanged. On the BSE, 1,246 stocks advanced, 1,239 declined and 145 remained unchanged.
April 16, 2019 01:23 PM IST
We expect consumption to pick up post elections due to lower base and phasing out of inventories in the system.
April 16, 2019 01:14 PM IST
The top gainers from NSE were ICICI Bank that jumped 2.5 percent followed by IndusInd Bank, Titan Company, Asian Paints and Larsen & Toubro
April 16, 2019 11:15 AM IST
Nifty after hovering in a tight range of 11,550-11,700 levels for the past eleven sessions finally broke out of the range on Tuesday as the index hit a fresh record high of 11784
April 16, 2019 09:49 AM IST
The S&P BSE IT index rose 8%, while Nifty Bank rose 12% hitting record high, S&P BSE oil & gas index gained 11% and Nifty Pharma gained 5% in the March quarter
April 15, 2019 08:49 PM IST
According to the Pivot charts, the key support level is placed at 11,657.47, followed by 11,624.63. If the index starts moving upward, key resistance levels to watch out are 11,713.87 and 11,737.43.
April 15, 2019 05:07 PM IST
Mazhar Mohammad said nevertheless as apparent weakness on price chart is not visible, traders are advised to focus on stock specific opportunities on long side as long as Nifty sustains above 11,550 kinds of levels.
April 15, 2019 03:01 PM IST
From the IT space, TCS jumped 4 percent followed by HCL Tech, Tata Elxsi, Tech Mahindra, Wipro, Oracle Financial Services and Birlasoft.
April 15, 2019 02:05 PM IST
Our preferred themes continue to be banking, IT and consumer. These sectors have various tailwinds in their favour and are likely to deliver decent absolute returns in FY20, said Naveen Kulkarni of Reliance Securities
April 15, 2019 01:02 PM IST
Any negative outcome from elections and continued slowdown in domestic and global economic growth can lead rupee to go over 70/$
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