Tech View: Nifty charts signal indecisiveness on Street. What traders should do on Tuesday
The near-term uptrend status remains intact and the market is now showing minor consolidation at the hurdle of 18,350 levels. The choppy movement/minor weakness could continue for the next 1-2 sessions before showing another round of sharp upside bounce from the higher lows. Immediate support is placed at 18250.
ETMarkets Explainer: The rise & fall of crypto exchange FTX
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India’s edible oil import bill up 34% at Rs 1.57 lakh crore: Industry body SEA
Import gradually increased during the first two quarters and it slowed down in the third quarter. However, it again increased in the fourth quarter due to the lifting of a ban on palm oil by Indonesia and a sharp decline in international prices which boosted buying from India, it said.
10 top stock bets of BNP Paribas that can rally up to 55%
As the Indian indices continue to trade near record highs, brokerage firm BNP Paribas is selective on stocks, with an overweight rating on the banking sector and also on the Indian IT space. It is of the view that even as IT might face some near-term pressure on recessionary concerns, it offers a decent valuation […]
Grasim Industries Q2 Results: Profit falls 1.5% YoY to Rs 964 crore but beats estimates
Revenue from operations rose nearly 37% YoY to Rs 6,745.24 crore. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter increased 19.4% YoY to Rs 956.61 crore, but margins contracted 206 basis points to 14.18%.
Chart Check: Breakout from a bullish flag pattern could take SKF India to Rs 6,000; time to buy this multibagger?
The stock is trading close to overbought levels which could result in some profit taking but traders can look to buy the dip. The Supertrend indicator also triggered a buy on daily charts in November.
Hot Stocks: Brokerage view on HDFC Bank, M&M, Zomato, Indian Hotels and Ashok Leyland post Q2 results
Macquarie maintained an outperform rating on HDFC Bank with a target price of Rs 2005. MSCI changes remove a major overhang, the brokerage said.
Keystone Realtors IPO opens: Will this realty player build a strong portfolio for you?
The Rustomjee Group company’s IPO includes a fresh issue worth Rs 560 crore and an offer for sale (OFS) of up to Rs 75 crore by the promoters – Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta.
Golden Crossovers: These 4 stocks signal further bullishness
In the NSE list of stocks, four stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com’s technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks’ […]