markets
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February 09, 2023 07:52 AM ISTTrade Spotlight | What should you do with Zomato, Max Financial Services, Nykaa on Thursday?
Nykaa jumped over 5 percent to Rs 146.3, the highest closing level since January 13 and has seen formation of bullish candlestick pattern on the daily charts. In fact, it has been in an uptrend for last seven out of eight straight sessions, but still below all long term moving averages (50, 100 and 200 EMA).
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February 09, 2023 07:37 AM IST Hot Stocks: Intellect Design Arena, Mahanagar Gas, Poonawalla Fincorp can give up to 10% return in short term
Poonawalla Fincorp has given a downward consolidation breakout on the daily chart, suggesting a rise in optimism. In addition, the stock has moved above the important near term moving average.
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February 08, 2023 05:19 PM IST Technical View | Nifty rebounds post RBI policy, Budget day's high key for further upside
The Nifty50 has been in the range of Budget day (17,353-17,972) for fifth day in a row. Therefore, unless and until it takes out decisively the high of that day, the volatility and rangebound trade is likely to continue with crucial support at 17,700-17,550 area, experts said.
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February 08, 2023 01:33 PM IST RBI raises repo by 25 bps: Check buy & sell ideas for 10 rate-sensitive stocks
The monetary policy acts with lags, it may take 3-4 quarters for the policy rate to be transmitted to the real economy, and the peak effect may take as long as 5-6 quarters, said Dhiraj Relli of HDFC Securities.
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February 08, 2023 07:48 AM IST Divestment target little too high amid macro challenges and uncertainties, says this investment strategist
Infrastructure has definitely emerged as a clear winner after the budget. Crucial to boosting last-mile connectivity, India has decided to build 50 additional airports, heliports, and aerodromes, and identified 100 fresh projects.
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February 08, 2023 07:16 AM IST This investment advisor feels, cautiously optimistic stance across sectors looks like the most prudent outlook after Q3
"Banks are at the peak of their health in terms of asset quality and in a tight monetary environment continue to flourish. Credit expansion theme seems to be continuing and the earnings have been spectacular," said Sonam Srivastava, Founder at Wright Research
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February 08, 2023 06:55 AM IST Daily Voice | This investment manager doesn't see any significant risk to banking sector from Adani Group firms
"The exposure to Adani group companies is not reflecting a systemic challenge. There are tangible assets backing the loans," said Divam Sharma, Founder of Green Portfolio.
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February 08, 2023 06:30 AM IST India to get fair share of equity flows despite China re-opening: Citi's Badrinivas
Badrinivas' comments come in the backdrop of China opening up and foreign institutional investors (FIIs) being bullish there amid pent-up consumption and India's higher valuations.
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February 08, 2023 06:30 AM IST Trade Spotlight | Your strategy for Varun Beverages, Oil India, CG Power today
Oil India shares climbed 4.5 percent to Rs 225 and formed strong bullish candle on the daily charts with above average volumes. Also there was Morning Star kind of pattern formation after recent correction, which is bullish reversal pattern.
- February 08, 2023 06:27 AM IST
Hot Stocks | Bet on Cera Sanitaryware, Action Construction Equipment, Gravita India for short term
Action Construction Equipment is coming out of 11 days of consolidation with heavy volume followed by a breakout of the Bullish Inverse Head & Shoulder formation. The overall structure of the counter is very classical on the daily chart.
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February 07, 2023 08:46 PM IST Can the US avert a recession? Experts think so
A recession in the United States may not be completely off the table, but the possibility is quickly diminishing in the eyes of experts. Goldman Sachs reduced the probability of a recession in the U.S. to 25 percent after a stronger-than-expected jobs report.
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February 07, 2023 05:12 PM IST Technical View | Traders cautious ahead of MPC interest rate decision; 17,800 crucial for upside
The Nifty50 has been rangebound for the fourth straight session. If the index decisively surpasses 17,800 then 18,000 can be the next possible resistance for the Nifty, with crucial support area of 17,600-17,550 levels, say experts
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February 07, 2023 08:37 AM IST Daily Voice | With Nasdaq recovering, this smallcase manager sees IT index to be an outperformer
The biggest catalyst for our markets will be the US Fed commentary regarding inflation and when they actually pause or pivot in the interest rate tightening cycle.
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February 07, 2023 06:57 AM IST Trade Spotlight | Your blueprint for Procter & Gamble Health, M&M Financial Services, Zydus Lifesciences today
Procter & Gamble Health shares had a robust gap up opening on Monday, rising nearly 15 percent to Rs 4,703, the highest closing level since February 16, 2022. In fact, the gap up opening has helped the stock climb over all long term moving averages (50, 100 and 200 EMA). The stock has formed strong bullish candlestick pattern on the daily charts with healthy volumes.
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February 07, 2023 06:54 AM IST Hot Stocks | HCL Tech, Just Dial, Control Print can fetch 14% return in short term. Here's why
Accumulation was seen in Just Dial since January 16 where volumes are sharply higher on up days as compared to down days. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA.
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February 06, 2023 05:09 PM IST Technical View | Nifty forms inside body bearish candle, likely to take support at 17,700
The volatility is likely to continue in coming sessions too with support at 17,700 followed by crucial support at 17,550 level, whereas the resistance is expected at 17,800-18,000 area, experts said.
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February 06, 2023 09:51 AM IST Daily Voice | Nifty will reach 19,000 by middle of 2023: Amit Jain of Ashika Global Family Office Services
The infrastructure, IT and banking sectors will propel the index past the 19,000 mark, says Jain.
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February 06, 2023 09:46 AM IST A bull run in the making? Experts frame top 10 trading ideas for next 3-4 weeks
In the near term, the index is expected to take support at 17,600, which has been holding quite well on every closing in the past six consecutive sessions, with resistance at the 18,000-18,250 zone
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February 06, 2023 07:40 AM IST ITC likely to hit Rs 460 this year, Persistent Systems may see profit booking, says this technical chartist
While we can expect some temporary relief in frontline Adani stocks like Adani Enterprises, Adani Ports, Ambuja Cement, and ACC, there are still no signs of reversal in the other stocks of the group.
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February 06, 2023 06:23 AM IST Deploy modified Put butterfly strategy in Nifty: Shubham Agarwal
The upcoming week can be approached with a low-risk strategy like modified Put Butterfly in Nifty.
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February 06, 2023 06:02 AM IST Trade Spotlight | What should you do with Supreme Industries, Mahindra Lifespace Developers, AAVAS Financiers on Monday?
On February 3, Supreme Industries gained over 3 percent to close at a record high of Rs 2,630, Mahindra Lifespace Developers gained 9 percent to Rs 380 and AAVAS Financiers was up more than 7 percent at Rs 2,000
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February 06, 2023 06:01 AM IST Hot Stocks | Here is why you should bet on Mahindra & Mahindra, Ashok Leyland for short term?
The Adani group, other domestic events as well as international developments will have a bearing on the market this week
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February 05, 2023 10:19 AM IST Daily Voice | Five sectors to get a fillip from Budget and deliver strong earnings, says this portfolio manager
Karma Capital believes that the government has delivered on all counts of capex, consumption and credit.
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February 04, 2023 09:12 AM IST Daily Voice | Largecap IT company valuations more reasonable than some midcap names, says Vinit Sambre of DSP Mutual Fund
IT companies' results have generally met or exceeded expectations, as they have been successful in preserving margins.
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February 03, 2023 06:07 PM IST Technical View | Nifty forms bullish candle on weekly charts, next stop 18,000
As long as the Nifty stays above 17,650, a further pullback rally is possible in the coming sessions
