Defence stocks continue to remain under selling pressure, with technical and derivative indicators pointing to sustained weakness rather than an immediate turnaround. Anand James, Chief Market Strategist at Geojit Investments, cautions that while the sector is attempting to build a base, bearish signals on higher timeframes and heavy call writing suggest bottom-fishing may be premature … Read more
Kaynes Technologies’ sharp 43% slide from its October peak, capped by a steep 12.5% drop on Friday, has raised questions about whether the stock is approaching a reversal zone or slipping into deeper losses. While momentum indicators remain firmly bearish, its stretched gap from the 200-day moving average suggests potential mean-reversion opportunities for tactical investors. … Read more
Anand James, Chief Market Strategist at Geojit Investments, believes Nifty’s recent pause is a temporary breather, with bulls likely to regroup as long as the index holds above 24,850. He sees scope for a rebound towards 25,200, though warns that a slip below 24,740 could open the door to deeper downside. Edited excerpts from a … Read more
After a blistering 12% rally on Friday, Waaree Energies is back in the spotlight. With the stock inching closer to its April 2025 peak, Anand James of Geojit believes this breakout attempt may finally stick, setting the stage for fresh highs. Edited excerpts from a chat with Anand James, Chief Market Strategist, Geojit Investments Limited … Read more
After breaking above a 13-day consolidation band, TCS shares have earned the right to not limit the present upmove to just a one day surge but can rally to Rs 4315-4350 in the base case scenario and Rs 4588 in an optimistic scenario, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from … Read more
Even though 24,900 could be threatened at some time during the week, the odds of a swift downside appear low, says Anand James, Chief Market Strategist, Geojit Financial Services. “Our eyes are however on 24,900, the fibo retracement of the recent low-high, as long as above which, we could see a push towards 25390 or … Read more
After BSE has announced that it will discontinue Bankex weekly expiries, the market is rife with speculations that NSE may choose Nifty Bank over Nifty as both exchanges have to pick one expiry under new Sebi rules. Nifty Bank brings in higher volumes for the exchange, and better trading opportunities for speculators, but if Nifty … Read more
Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on a week-on-week basis, says Anand James, Chief Market Strategist, Geojit Financial Services. “Delivery buying has started to pick up this week in the case of … Read more
Following the nearly 2,500-point rally in Nifty Bank last week, oscillators are clearly screaming overbought at the top of their voice. “But this is a classic case of bullish phases. The fact negative divergences are visible in weekly and monthly timeframes signals volatility ahead, and cautious against fresh positions, but to let profits run,” says … Read more
NEW DELHI: A Bollinger band is indicating that Nifty may rally in the Diwali week but two Doji candles formed in the last days do not inspire confidence towards an outright uptrend early next week, says Anand James, Chief Market Strategist at Geojit Financial Services. Edited excerpts from a chat: Unlock Leadership Excellence with a … Read more