Nifty bulls looked confused today. What investors should do on Wednesday
Nifty is currently at the crucial overhead resistance of 17,800 levels, and a decisive breakout of this area could pull Nifty back into upside momentum. Any weakness from here could find important support around 17,450-17,400 levels, say analysts.the support for Nifty has shifted around 17,450 levels, while on the upside, 17,770 may act as an […]
Up over 40% in a week, will this multibagger Tata stock lose steam?
This is a company which is actually not having any meaningful business at this point of time and because of the major holding by Tata Sons the floating stock in the market is less. Now we are hearing a lot of buzz around the 5G rollout and companies which have some sort of potential to […]
Chart Check: This airline stock records breakout from double bottom pattern; time to buy?
Short-term traders can look to buy the stock now or on dips for a possible target of Rs 2,380 in the next 1-2 months which will surpass its current 52-week high of Rs 2,379 recorded back in November 2021, suggest experts.
PSU bank stocks rally up to 26% in 3 months. Are you too late to join the party?
The banks have started delivering well on their numbers and if it is sustained, which it should, there is no reason for the valuations to be so cheap. So, you can definitely expect a sustained up move for some of the top PSU banks, said smallcase manager Abhishek Basumallick who also runs Intelsense Capital.
Golden Cross Ahoy! Technical trend in these 6 stocks signals further bullishness
Stocks to buy or sell today: 7 short-term trading ideas by experts
The highest new OI addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 18000 for Calls and 16000 for Puts in monthly contracts. “It may take a while to breach the 18000 barriers again but the near-term prospects of the same will stay alive as long as 17470-17400 region […]
Big Movers on D-St: What should investors do with Triveni Turbine, Karur Vysya Bank and Federal Bank?
Stocks that were in focus include names like Triveni Turbine which rose over 8 per cent, Karur Vysya Bank which gained over 7 per cent, and Federal Bank which closed with gains of more than 3 per cent. All stocks hit a fresh 52-week high.
Dollar pauses broad rally, bulls still solidly positioned
The dollar index fell 0.2% to 109.46 after rising as high as 110.27 on Monday. The yen, which has tumbled as U.S. rate hikes gather pace and widen the gap on anchored Japanese interest rates, last traded at 140.30 per dollar, not far from a 24-year trough of 140.80 hit last week.
Technical indicators suggest the current rally has more steam left
The number of index constituents trading above 200-DMA, another technical indicator, is also favourable. At present, 70% of the Nifty 50 constituents are trading above the threshold — one of the highest among the all major markets, according to Bloomberg data.
Centre’s policies making India a much more attractive market, says HSBC’s Noel Quinn
HSBC joins the growing list of global banks which have reworked their emerging markets strategy due to tighter regulations post the global financial crisis and accelerating digitisation.