Dalal Street Week Ahead: Nifty must navigate 18,650-18,750 zone to stage breakout
The Nifty50 index remained within a narrow trading range, and closed with a slight gain of 29.30 points on a weekly basis, despite flirting with important resistance zones. Weak market breadth and the very low level of the India VIX are delaying an otherwise imminent breakout, and if the breakout occurs in these conditions, a […]
Learn With ETMarkets: Advanced options trading using Straddle and Strangles
Long Straddle and Long Strangle are option buying strategies used by traders in unpredictable events such as election results or company AGMs. For a long straddle, they buy an at-the-money call and an at-the-money put together, making a profit in a heavily rising or falling market. A long strangle, however, uses out-of-the-money options instead. The […]
Check into hotel stocks for a profitable vacation
Indian hotel companies have been enjoying a winning streak on the stock market, with share prices of major players up by over 50% in the past year. Boosted by domestic leisure and corporate travel, international travel, sports tournaments and the recent G20 summit in India, the demand outlook is encouraging for further growth. Optimistic hoteliers […]
Gold may not break key support zone of $1930-$1920; US Fed policy eyed
Gold closed the week at $1,960.88 with a gain of 0.70%. Two-year US yields rose by almost 2% while ten-year yields increased by 1.11%. The US weekly jobless claims rose by 28,000 jobs to 261,000 jobs, the highest level reached in almost six years, sparking recession concerns. The US ISM non-manufacturing report for May also […]
75 smallcap stocks offer double-digit returns in a wobbly market week
Indian equity markets started positively, but weak sentiments persist after the central bank’s decision to maintain the key rates unchanged, as a caution towards inflation, while positive macro news buoyed the market. 75 smallcap stocks delivered double-digit gains with the top gainers being Greenlam Industries, EKI Energy Services, Suzlon Energy, and Indian Hume Pipe Company. […]
Up 286% in 1 year! Multibagger defence PSU stock can further gain 19% in next 2 quarters
Indian shipbuilding company, Mazagon Dock Shipbuilders, has seen a surge in its stock value, rising as much as 286% in the past year. The surge has continued with the stock rising 37% in the past month. The company has strong order backlog of INR 38,754 crore as of March 2023 and is expected to benefit […]
Tesla’s record run drives nearly $200 billion jump in value
Tesla’s stock is on track to more than double this year, thanks to several positive developments. The electric vehicle company has seen an 11-day run of good news, adding over $194bn to its market valuation. The return of bullish market conviction and GM’s announcement that it will adapt its EVs to Tesla’s Superchargers also helped […]
Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggards
A broadening equity rally in the US is underway, expanding beyond mega-cap companies and into small caps, energy shares and industrial stocks, resulting in the rise of the S&P 500 nearly 12% year-to-date. Investors, repositioning portfolios primed for a widely-expected recession, are beginning to reap the rewards of increased allocation to economically sensitive markets. This […]