Tech View: Nifty forms long bull candle on weekly charts. What investors should do on Monday
Global markets, especially the US, are still not offering indications for a sustained recovery so volatility is here to stay and participants should plan overnight positions accordingly. Meanwhile, on the index front, the tone would remain positive till the Nifty holds 17,100. We feel the prudent approach is to focus on top-performing stocks from across […]
M&A activity gathers pace in cement sector. Cos that may turn acquisition targets
Consistent compounder! Time to follow the Jhunjhunwala path after Titan’s solid Q2 update?
It has compounded earnings by ~20% for an elongated period of time. In the jewellery industry, which is organising at a rapid pace, it is clearly at the vanguard in terms of growth among organised players. Its runway for growth is long, with a market share of ~6%. Unlike other high-growth categories, the competitive intensity […]
Festive Picks: Seven stock picks that can rally up to 21% in coming months
Domestic brokerage firm Axis Securities has come with several picks across all the sectors and segments ahead for the festive and earnings season. India Inc will report its numbers for the September 2022 quarter and Axis Securities believe that a handful of consumption centric companies can deliver up to 21 per cent return in the […]
Will Q2 results bolster the outlook of D-Street’s best-performing sector?
On the back of improving sentiments driven by easing out of semiconductor supply, gross margin improvement and successful new model launches, auto stocks have been on a high in the last few months. With a rally of around 65% each, TVS Motor and Tube Investments have been the top gainers in the Nifty Auto pack […]
RBI sells dollars as rupee hits record low on U.S. rate hike fears
Basically, the RBI is making its presence felt and letting traders know once again that it will not allow one-sided moves,” said one of the state-run bankers who confirmed the intervention.
Stocks to buy or sell today: 10 short-term trading ideas by experts for 7 October 2022
Sectorally, selling pressure was seen in metals, banks, IT, oil & gas, and energy stocks while some buying was visible in consumer durables, auto, and telecom stocks. The Indian rupee on Friday hit a fresh record low of 82.22 against the US dollar
Trader’s Guide: 2 stocks from IT & media pack that can gain 5-6%
While the front-line IT stocks have started to show momentum, there are some good trade setups seen in the midcap IT space as well. This mid-cap IT Services and Consulting company has shown indications of some potential reversal of trend and up-move in the prices over the near term.
Big Movers: What should investors do with JSW Energy, APL Apollo and IDFC First Bank?
A close below Rs 1,100 could take the stock towards Rs 1,050-1,035. On the flip side, as long as it is trading above Rs 1,100, the uptrend texture is intact. Above the same, it could move up to Rs 1,200-1,225 levels.
Golden Crossovers: These 4 stocks signal further bullishness
In the Nifty 500 list of stocks, four stocks witnessed Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside. These stocks’ 50-day simple moving averages (SMA) crossed their 200-day SMAs […]