Tech View: Nifty forms bearish candle. What’s the trade set up for Tuesday
“The short-term trend of Nifty continues to be positive with rangebound action. The present consolidation movement is expected to continue within a high low range of 18700-18500 levels in the next 1-2 sessions,” Shetti said, adding that a decisive move above 18700-18800 is expected to bring more upside for the near term.
At multi-year highs: 2 Tata group firms among 8 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 10,000 crore, 8 stocks crossed their previous 5-year high values at the close on June 2, suggesting bullishness in counters, according to StockEdge’s price scan. Take a look.
Monsoon to hit India within next two or three days: DS Pai, IMD
Yes, so actually this year because of associated with the expected El Nino which is almost certain because all the models are indicating a probability of around more than 95 percentage, so generally El Nino related associated with that monsoon is to be below normal, it happens.
Hot Stocks: Brokerage view on Vedanta, AU Small Finance Bank, Info Edge and Hindalco
JPMorgan has downgraded Vedanta to neutral from overweight, while maintaining its underweight stance on Hindustan Zinc and overweight rating on Hindalco. Citi has also downgraded AU Small Finance Bank to neutral, while Macquarie has retained its underperform rating on Info Edge. JPMorgan has slashed the 12-month target price for Vedanta to INR 280 from INR […]
Golden Crossovers: These 4 stocks signal further bullishness
In the NSE list of stocks, 4 stocks with a market cap between Rs 1000 crore and Rs 10,000 crore are witnessing Golden Crossovers, according to StockEdge’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 […]
Stocks to buy today: NMDC, BEML among 10 short-term trading ideas
The Indian market is expected to rise as positive global cues influenced trade. The S&P BSE Sensex gained 100 points, and the Nifty50 market index closed above 18,500 levels. India VIX decreased by 4.09% creating sessions that are choppy. The strategic Call OI maximum for this week is at 18,600 while the maximum Put OI […]
Phoenix Mills, Parag Milk Foods among top buy ideas for this week: Anand James
This meant that while Nifty showed no vigor to push beyond 18660, thus leading to a turn lower, but bargain buying emerged as soon as dips turned substantial enough, thus avoiding major falls as well.
ETMarkets Smart Talk: Recall of Rs 2000 notes will boost liquidity into the banking system: Kashyap Javeri
Each of the indices is making a new high for different reasons but one reason is common, strong household balance sheet and income growth for FY21 and FY22 is driving urban consumption strong.
Big Movers on D Street: What should investors do with Hero MotoCorp, Zomato and Cyient?
Indian equities bounced back, ending a two-day fall with the S&P BSE Sensex closing up 118 points at 62,547, and Nifty50 settling at 18,534 levels. Despite the laggards of IT and oil and gas sectors, stocks in metal, telecoms, and autos sectors helped drive gains. Hero MotoCorp grew by 3.09%, Zomato rose by 4.71%, and […]
Nifty likely to touch all-time high of 18,887: Analysts
Broadly, we are in a strong uptrend, and it’s advisable to focus on the larger picture. We recommend buying Hudco for a target of Rs 68. Traders can participate by following a strict stop loss at Rs 57.80.