-
The Nifty 50 is likely to trend higher and hit new highs amid consolidation. Below are some trading ideas for the near term.
-
The investment view for YES Bank spans over the next 8 to 12 months, reflecting a longer-term perspective on the anticipated trajectory of its stock price
-
After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts
-
Nifty still has some upside potential to move towards 22,200-22,400, but this could be the final stage of the rally, after which we could see strong profit-taking in the market.
-
Yes Bank has decisively surpassed the swing high of December 14, 2022 on Wednesday by forming healthy bullish candlestick pattern on the daily timeframe with strong volumes.
-
One should keep a note of FII’s long short ratio in index futures is around 66 percent (till Thursday). Once this ratio crosses the 70 percent mark, markets might start preparing for a temporary short-term top formation.
-
Given the formation of a bullish candlestick pattern for the second straight week, and staying above the downward sloping resistance trendline, the Nifty50 may sustain the upward bias amid consolidation and any dips would be a buying opportunity
-
Eicher Motors traded way above all key moving averages and largely maintained upward trend after a range breakout in previous week.
-
Yes Bank has seen above average volumes for major part of sessions since the start of September month and also took a support at the long downward sloping resistance trendline, which is a positive sign.
-
BSE gained for sixth consecutive session and jumped 5.5 percent to end at record closing high of Rs 1,188, forming long bullish candlestick pattern on the daily timeframe
-
Shares of Yes Bank are in demand recently amid an improved outlook for banking stocks owing to strong credit growth.
-
Yes Bank remained in focus, rising 7 percent to Rs 21.1, the highest closing level since July 13, 2020. It has seen another large bullish candle on the daily charts with robust volumes, especially after decisively breaking out of long horizontal resistance trend line adjoining August 2, December 2 and December 6 this year.
-
Yes Bank was also in action, rising third of a percent to Rs 17.50, the highest closing level since September 12 this year and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of downward sloping resistance trendline adjoining September 9 and November 28 this year.
-
After a long underperformance, Yes Bank prices have finally given a breakout from its immediate short term resistance which was placed around Rs 16-16.20. The stock has witnessed huge buying interest which can be seen through its high volumes.
-
The relief package eases the financial stress for telcos and frees up funds that can be deployed to build 5G infrastructure and acquire spectrum, experts said.
-
Experts do not think so. The stock has been an under-performer even when the indices, including the Bankex, have been rising. The ratings upgrade of its infrastructure bond, too, has not helped it better its standing in the weekly charts. According to one analyst, Yes Bank requires fundamental triggers for an upside move now
-
The final/official list of large, mid and small-caps will be released by AMFI by the first week of January 2021, which will be effective for the February-to-July 2021 period.
-
YES Bank, Adani Enterprises, PI Industries, Hind Aeronautics and Jubilant FoodWorks are the stocks that have a high probability of being included in the largecap category from the midcap category.
-
Arun Kejriwal, a primary capital market expert and owner of AK47, also feels the stock price may adjust near its issue price before the listing
-
JM Financial says while the capital infusion and AT1 bonds write-off has helped Yes Bank stay afloat, its fundamentals remain weak.
-
"Deposit run-down will continue especially post moratorium and with smaller balance size and lower opex levers, we expect operating profitability to be dramatically impacted," says Nomura.
-
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.
-
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers with a stop loss of Rs 175, target of Rs 190 and Muthoot Finance with a stop loss of Rs 768, target of Rs 790.
