Nifty Bank: Key levels to watch out for on Thursday
On the daily charts, it formed a bearish candle and has been making lower highs and lower lows for the last six sessions. The index has support at 37,300 levels, while resistance is at 38,500 levels.
Tech View: Nifty bulls fail to guard 200-DMA. What investors should do on Thursday
The momentum oscillator RSI was in a bearish crossover. “The trend is likely to remain weak as long as it remains below the 17,000 level. On the lower end, 16,800-16,830 levels will likely remain key support points. On the higher end, resistance is visible at 17,000,” said Rupak De, Senior Technical Analyst at LKP Securities.
Up to 1,560% returns! These 130 stocks turned multibaggers in Sept quarter
According to the data available from Ace Equity, at least 130 stocks turned multibaggers during the July to September period and delivered up to 1,560% returns on a quarter-to-date basis (QTD). Among them, 15 stocks zoomed more than 300%, whereas another dozen counters have jumped between 200-300%.
These 5 stocks rewarded investors for nine straight years during the festive season
Barring a single occasion of delivering a negative return, benchmark indices have delivered a flat to positive return during the festive period in the last one decade.
Chart Check: 20% down from January highs, range breakout suggests that this IT stock could hit fresh highs
The stock price started its upmove from Rs 90 recorded on November 2020. The stock made a series of higher tops and higher bottoms and finally, it made a high of Rs 800 in January 2022.
These 6 Sensex stocks have consistently fallen in last 5 trading sessions
Benchmark indices extended their fall to the fifth consecutive session on Tuesday and were trading with mild cuts in early trade today. During the five-day selloff, several stocks saw deep cuts. ETMarkets.com found six Sensex stocks that have consistently fallen in the last five trading sessions. (Data Source| ACE Equity.)
Old economy stocks outperform D-St benchmarks with up to 20% returns in Sept quarter
With balance sheets of corporates being strong, combined with utilisation levels inching towards optimum levels, the capex cycle revival is expected to lead to a strong boost in orders for industrial and capital goods companies. This combined with China plus one strategy and Europe plus one story emerging, the narrative of India transitioning towards upping […]
Decoding how US Fed rate hike will impact Indian markets: Rahul Bhuskute
“In terms of India, any aggressive US Fed action will have direct and indirect consequences for our markets. The first impact is on the currency, and this is important for RBI’s main objective of maintaining macro stability. The Fed hike cycle has been ahead of RBI cycle and the US rates have gone up much […]
Amit Premchandani’s 7 investment mantras to pick winners for portfolio
“Investing in equity should follow an asset allocation approach. This would depend on return expectation as well as the time horizon of investments. The allocation would also depend on the age profile of the investors. We recommend a buy and hold strategy for equity investments keeping asset allocation framework in mind.”
RBI likely sells dollars as surging U.S. yields hold rupee hostage – traders
The rupee was trading at 81.8675 per U.S. dollar, down from 81.58 in the previous session. The local unit earlier reached a record low of 81.9350. The intervention by the Reserve Bank of India was confirmed to Reuters by three bankers and a brokerage firm.