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NSE Nifty 50 has not bottomed out yet. In fact, the index has broken the crucial support level at 15700, which it has held for the last 3 months, Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said. In an interview with Surbhi Jain of FinancialExpress.com, Shrikant Chouhan said that if the 50-share … Read More “Nifty not bottomed out yet, extreme volatility on cards; buy ITC, M&M stocks, sell Axis Bank | INTERVIEW” »
By Dharmesh Shah Equity benchmarks extended losses tracking weak global cues post US FOMC meet outcome last week. The NSE Nifty 50 index ended the week at 15294 down 5.6%. The broader market indices extended weakness as Nifty midcap, small cap indices lost ~6% and 8%, respectively. Sectorally, all major indices ended in red weighed … Read More “Nifty support at 14600-14800 as it falls below 15700, Bank Nifty to see hurdle at 33800; Buy Reliance, Infosys” »
After the US Federal Reserve hiked interest rate by 75 bps on expected lines, the cues from Asian and global markets were largely positive These stocks have been picked from cash, F&O and techno space to help investors make money in the short-term to long-term and also include intraday calls. Source: Pixabay
By Nagaraj Shetti After showing consolidation movement on Tuesday, Nifty continued with choppy movement on Wednesday and closed the day lower by 39 points. After opening on a positive note, the market has shifted into a narrow range movement for the entire session. The attempt of upside bounce from the lows has failed to sustain … Read More “Nifty short-term trend still negative, may bounce back from 15500; check top trade ideas” »
By Shrikant Chouhan On Tuesday, profit booking continued at a higher level, the benchmark index Nifty 50 ended 42 points lower while the BSE Sensex lost 153 points. Among sectors, profit booking was seen in Oil and Gas stocks whereas some buying interest was seen in selective reality stocks. Technically, after a sharp decline, the … Read More “Buy these 4 stocks for gains, charts show bullish trend in near-term; Nifty below 15700 may fall to 15600” »
Bank stocks are now looking attractive with multiple falling below the long-term average for the sector, said Prashant Jain, ED & CIO, HDFC AMC. In a webinar, Tuesday evening, Jain said that he now only finds valuations attractive for the banking space while adding that banks could benefit from the rising interest rates cycle. The … Read More “Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now” »
State Bank of India (SBI) share price has tanked 5 per cent so far this year. The stock has performed better in comparison to benchmark Nifty 50 index which has plunged 10% YTD. Despite the recent correction in SBI shares amid extreme market volatility, analysts at Motilal Oswal have a positive outlook on the stock … Read More “SBI shares tank 5% so far in 2022, analysts say buy, stock may rally 35%; check target price” »
By Rajesh Palviya NSE Nifty 50 index witnessed selling pressure throughout the week, dragging the index to close at its lowest point. Nifty closed at 16202 with a loss of 151 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week … Read More “Nifty below 16000 may fall to 15600, Bank Nifty to trade in red; use Iron Butterfly for this weekly F&O expiry” »
By Rahul Shah Equity markets globally remained impacted by worries on rising interest rates, elevated crude oil prices and liquidity tightening – which kept the market both volatile as well as jitter. markets registered losses in the last five trading days, Nifty closing at 16201 and Sensex closing at 54303, logging their first weekly losses … Read More “Nifty 50 needs to hold above 16400, resistance at 17000; more value in large-caps, check stocks to buy” »
NSE Nifty 50 index has now entered oversold territory amid negative global developments and unscheduled rate hike announcement by RBI, but now a technical pullback could be on the cards, said analysts at ICICI Direct. “The past four weeks’ corrective phase hauled the weekly stochastic oscillator in extreme oversold territory, indicating an impending pullback,” ICICI … Read More “Nifty in oversold territory, may stage technical pullback to 17100; Bank stocks could outperform” »
