-
Experts remain hopeful of a rebound as the Nifty has been defending 16,800-16,900 on a closing basis for almost 10 sessions despite high volatility
-
Prices are trading in a higher high higher bottom formation on the daily chart for the last two months which indicates an uptrend in Power Grid Corporation of India in the medium term.
-
Tata Consumer Products is maintaining higher top, higher bottom formation on all the time frames after the recent correction from Rs 889–650).
-
The price behaviour of Bandhan Bank for the last few trading sessions is hinting that this scrip is on a sustainable pullback mode. Moreover, the last 50 weeks of price behaviour is hinting that this counter is moving in some form of a downsloping channel.
-
Currently, Nifty 50 is about 7 percent away from its record high of 18,604 touched on October 19, 2021. Analysts expect the 50-share index to hit 20,000-mark by December 2022 end.
-
The total market capitalisation of the listed entities of the group has risen by 199 percent in the five-year period starting February 2017 to Rs 23.8 lakh crore, making it the highest valued Indian conglomerate, data from AceEquity showed
-
The Nifty 50 extended its gains over the past four weeks to 7.5 percent, which indicates a positive momentum. If the uptrend persists, a record high can’t be ruled out in the coming days, experts said.
-
Short-term trend remains positive for Nifty. Next upside target for Nifty is seen around 18,350 levels, followed by 18,600. Longs should be protected with stop loss of 17,780, says Nandish Shah of HDFC Securities.
-
Although the trend has been extremely strong, we reiterate that one should avoid getting complacent at such elevated levels, says Sameet Chavan of Angel One.
-
RSI has indicated some caution in Nifty after run up, but bet on these three stock ideas for double-digit returns in the short term
-
Nifty on monthly timeframe has been forming a higher high, higher low pattern, indicating that the trend of the benchmark index from a long-term perspective remains strongly bullish, said Karan Pai of GEPL Capital
-
As the economy finds its feet again, stocks that were affected the most such as those in contact intensive sectors such as hospitality, tourism and entertainment will get back in favour
-
The extrapolated moves may even take Nifty to the next level of 13,769 which is 127.2 percent retracement of earlier fall from 12,430 to 7,511.
-
Price-wise/time-wise correction within Nifty tends to provide buying opportunities with sector churning theme dominating headline.
-
The second-quarter result season and rollover movement will increase volatility in individual sectors and stocks.
-
In muted earnings expectations for Q1FY21, beats were much higher than misses and that was one of major reasons and confidence booster for equity market not only in India but globally.
-
BSE Sensex and Nifty50 have rallied nearly 12 percent each since the week ended June 12. Both the indices have surged more than 48 percent each from their March 23 low
-
The market's valuations have turned higher than long-period average and investors should be cautious and selective in picking stocks, say experts .
-
The road ahead for the market is bumpy and a lot will depend on the course of coronavirus pandemic. Moreover, global cues and measures of governments and central banks will remain important factors for the market.
-
Experts point out that the rabi season ended largely on expected lines and at present, it appears the kharif crop is unlikely to be affected and may see a normal season.
-
The market is expected to break out of its 3-month high soon and Nifty may hit 10,300 this week itself, feels an expert
-
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
-
The maximum open interest in Calls is placed at 9,500 strike while 9,000 strike holds the maximum open interest in Puts.
-
Due to the COVID-19 pandemic, most large and mid-cap stocks have corrected significantly. They are expected to remain volatile unless the issue of coronavirus comes under control.
-
Motilal Oswal feels markets may continue to fall in near term, and that's the time to start becoming greedy. Hence the brokerage suggests accumulating on a gradual basis.
