ETMarkets Smart Talk: We see Nifty50 hitting 20,000 mark by December 2023; capex driven sectors in focus: Santosh Pandey
There are multiple reasons like strong corporate no’s, consistently higher GST numbers, strong Capex announcements by Corporates, all-time high Power Demand, lowering inflation in India, and stable interest rates.
Reliance Power shares rally 15% in a week. Gaurav Bissa explains what traders should do
Nifty has been trading in an uptrend with formations of higher highs and higher lows. The index has also managed to sustain above its 21DEMA since April 2023. Nifty is trading in an ascending channel pattern and bouncing strongly whenever it approaches the channel support.
Golden Crossovers: These 8 stocks signal further bullishness
In the NSE list of stocks, eight stocks with a market cap of over Rs 1000 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’ […]
At multi-year highs: PI Industries, Titan among 9 stocks that gave 5-year breakouts
In the Nifty200 pack, nine stocks crossed their previous 5-year high value at the close on June 16, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Stocks to buy today: BHEL, RIL among top 10 trading ideas
Indian markets are expected to consolidate on Monday following mixed global cues. Indian VIX decreased by 2.17% on Friday, and Call writing is seen at 19100, with Put writing at 18800. Options data suggests a broader trading range between 18550 to 19000 zones, and an immediate trading range between 18700 to 18900 zones. Technical Analysts […]
Nifty set to hit new highs soon: Analysts
Nifty concluded last week with a 1.4% surge, extending its streak of eight consecutive weeks of new highs and record closing highs. The daily chart reveals a breakout within the 18,750- 18,350 range, indicating favorable conditions for continued bullish momentum as the index prepares to touch fresh all-time highs.
Record-breaking stock rally pushes back hawkish Fed
This confidence stems from expectations that despite decade-high interest rates, the world’s largest economy will not slip into a recession and the US consumer will remain strong.
Tardy monsoon pushes back kharif sowing; India 37% rain deficient
The slow onset of monsoon in India has delayed sowing of key crops such as paddy, oilseeds and pulses, as the country has received deficient rainfall, which may lead to lower yield. Private weather forecaster, Skymet, has predicted a “dismal” outlook until the first week of July, which is crucial for preparing fields for the […]
Jerome Powell faces Capitol Hill spotlight after rate-hike pause
The Fed chair will deliver the central bank’s semi-annual monetary policy report to the House on Wednesday and the Senate the following day. Separately, three Fed nominees face potentially contentious confirmation hearings.
Hawkish Fed bond bulls shred 2023 playbook
“The steepener is a challenging trade,” said Michael de Pass, global head of linear rates at Citadel Securities, adding it’s not the time to put on this trade.