markets
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August 12, 2022 05:29 PM ISTTechnical View | Bullish candle on Nifty's weekly scale indicates positive sentiment
As long as the index holds the previous bullish gap zone of 17,566-17,632, the uptrend is expected to continue till 17,800-17,900-18,000, experts said.
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August 12, 2022 11:51 AM IST A 5-7% rally by Diwali cannot be ruled out, says Germinate Investor founder
One reason is that FIIs have stopped relentless selling and are now turning buyers, says Santosh Joseph. In fact, he says as time passes, more and more FIIs may come back and even the volumes and investments may increase.
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August 12, 2022 08:07 AM IST Trade Spotlight | What should you do with Indraprastha Gas, Cummins India, Bharat Dynamics on Friday?
Indraprastha Gas climbed 7.5 percent to Rs 408.1, the highest closing level since January 21 and formed large bullish candle on the daily charts with strong volumes for third consecutive session, following high wave kind of candle formation.
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August 12, 2022 07:33 AM IST Hot Stocks | Indraprastha Gas, HDFC Bank, Shriram Transport Finance can give up to 21% return in short term; here's why?
"As per the short term chart pattern, we feel the index will make an attempt to reach its resistance of 17,800 followed by 18,115. Our bullish view shall be negated if we see prices sustaining below 17,350 level," said Vidnyan Sawant, AVP - Technical Research at GEPL Capital
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August 11, 2022 05:22 PM IST Technical View | Nifty needs to defend Thursday's bullish gap zone for further uptrend
The Nifty50 opened higher at 17,712 and hit a day's high of 17,719, but overall the index remained in a tight range on the higher side, before closing with 124 points gains at 17,659.
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August 11, 2022 10:53 AM IST Daily Voice | Banking sector looks to be in a sweet spot, valuations still mid-cycle, says Tata MF CIO
Rahul Singh, chief investment officer-equities, Tata Mutual Fund expects the rupee to remain in the 79-80 per dollar range and take broader cues from movements in the dollar Index.
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August 11, 2022 08:09 AM IST Trade Spotlight | What should you do with Tata Chemicals, City Union Bank, Elgi Equipments on Thursday?
Tata Chemicals share price jumped 12.2 percent to Rs 1,074, the highest closing level since October 19, 2021. The stock had a robust gap up opening and large bullish candlestick pattern formation on the daily charts with significantly higher volumes. It has decisively broken the long down sloping resistance trend line, adjoining October 18, 2021 and May 5, 2022, may be indicating bullish phase. Now the stock is around 7-8 percent away from its record high of Rs 1,158.
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August 11, 2022 07:55 AM IST Hot Stocks | Here is why you should bet on these Tata Motors, IGL and Tata Chemicals in short term
Tata Motors is in 'higher top higher bottom' formation on the daily chart which shows an up trend. Besides, the price has taken support at the 200-day moving average before the recent rally, said Rupak De of LKP Securities
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August 10, 2022 05:57 PM IST Technical View | Nifty forms Hanging Man pattern, 17,359 is the level to watch for signs of weakness
Short-side traders should remain neutral and long-side players should keep a stop-loss below 17,440, Mazhar Mohammad of Chartviewindia has said
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August 10, 2022 03:05 PM IST Vikas Garg of Invesco Mutual Fund expects repo rate at 6% by December, says inflation to stay elevated
We believe supply side disruptions, geopolitical tensions, commodity prices & improving domestic demand conditions pose risks to inflation outlook, while the growth seems to be fairly supported by domestic factors.
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August 10, 2022 09:47 AM IST Daily Voice | This seasoned market analyst seeks tailwinds of foreign flows to drive market to record highs
August has got off to a good start, but evidence is needed to show that this trend is more structural than cyclical
- August 10, 2022 07:04 AM IST
Trade Spotlight | What should you do with Aegis Logistics, BASF India, Speciality Restaurants on Wednesday?
BASF India share price gained 5.4 percent to close at Rs 3,089.1, the highest closing level since March 31, 2022 and formed big bullish candle with large volumes on the daily charts. Also it has broken the long downsloping resistance trend line (adjoining August 11, 2021 and October 18, 2021) on Monday.
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August 10, 2022 07:01 AM IST Hot Stocks | Triveni Turbine, Century Textiles, Puravankara can fetch double-digit return in short term. Here's why
Puravankara has broken out on the daily chart on August 5, where it closed at highest level since July 25, 2022. Short term trend of the stock is positive as it is trading above its short term important moving averages.
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August 09, 2022 08:53 AM IST MC Interview | Chandan Taparia of Motilal Oswal hopes Nifty to scale 18,500 by Diwali, more slide in crude
Nifty has been making higher lows from the last seven weeks and supports are gradually shifting higher. It surpassed its immediate hurdle and is holding above its key moving averages which indicates strength in the ongoing trend to cross an immediate resistance trend line.
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August 09, 2022 07:21 AM IST Daily Voice | Geopolitical conflicts and global economy slowdown and make India more attractive, says Right Horizons PMS founder
Right Horizons remains positive on sectors like banks, auto, infrastructure, capital goods, and pharma, where valuations and earnings continue to be reasonable.
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August 09, 2022 06:40 AM IST Bet on Prism Johnson, Mold-Tek Packaging, Titagarh Wagons for 12-15% return
Titagarh Wagons is a classical uptrend where it is witnessing Bullish Flag formation with closing above its 20-DMA (day moving average). The upside momentum is likely to continue for an immediate target of Rs 150 while Rs 115 will act as a strong support level.
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August 08, 2022 05:33 PM IST Technical View | Nifty forms bullish candle, 17,800 a possibility now
The bullish candle formation appears when the market closes above opening levels. Banking & financial services, auto, and metal stocks were the drivers in today's session.
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August 08, 2022 10:10 AM IST Daily Voice | Markets yet to see effects of potential downgrades in growth forecasts, earnings cut, headline events, says Vaibhav Sanghavi of Avendus
Once global inflation cools off, there may be brisk inflows from FPIs, which may just be around the corner, Sanghavi said.
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August 08, 2022 09:34 AM IST This VP at Prabhudas Lilladher says these four sectors will help Nifty scale 18,000 mark
With another higher bottom formation pattern formed from current levels, further continuation of the strong uptrend in Nifty Auto index can be anticipated with targets of 14,200 and 15,000 levels.
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August 08, 2022 08:07 AM IST Top 10 trading ideas by experts for next 3-4 weeks as market stays bullish despite volatility
The momentum could get concentrated to fewer stocks and sectors and hence, traders need to be very selective in stock picking for trading, expert advises
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August 08, 2022 06:12 AM IST Deploy Modified Call Butterfly strategy in Nifty: Shubham Agarwal
Considering the bullish mood, the upcoming week can be approached with a low-risk strategy like Modified Call Butterfly in Nifty.
- August 08, 2022 06:11 AM IST
Trade Spotlight | What should you do with Manappuram Finance, Navin Fluorine International, Prince Pipes on Monday?
For Prince Pipes, the daily and weekly strength indicator RSI is in a bullish mode, indicating strength in the short to medium- term time frame
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August 08, 2022 06:10 AM IST Hot Stocks | Here's why you should bet on Lemon Tree Hotels, Cipla for short term
For the week, 17,500–17,650 remains a sturdy wall and until it is surpassed convincingly, tentativeness at higher levels will persist
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August 07, 2022 07:44 AM IST Daily Voice | This CIO thinks small-cap is set for a big leap to beat Nifty, but performance will be stock-specific
We believe a lot of companies in the small and mid-cap space are ready to outperform, given that they’ve completed or are close to completing their capacity expansions, are sitting on lean balance sheets, generating healthy cash flows and are trading at reasonable valuations post the correction.
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August 06, 2022 01:32 PM IST IIFL Wealth remains bullish on BFSI segment, sees interesting opportunities in IT
The pharmaceuticals sector has witnessed a sharp correction and quality stocks in the sector are available at compelling valuations.
