“These are three that stand out, so that is commodities, PSUs, and the financials. Now, there is also oil and gas which is a separate story simply because of what is happening in oil,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.Give us a sense of the kind of market moves you are seeing … Read more
“It would be difficult to pinpoint a specific theme as such. But overall, we do think that this market has a very good foundation in place,” says Hemang Jani, Independent Market Expert Touch wood to the market rebound. It has been pretty steady the last three days and seems like we are headed in for … Read more
“Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the wedge pattern and there it is trying to post a recovery. It will be interesting to see if market actually manages to scale past the resistance levels of 22,650, 22,700,” … Read more
“23,000 is a support level that we are looking at and on the upside 23,500 is the resistance that we are looking at. Although if it fails to hold 23,000, we could see a more downside move towards 22,650 levels. Now, this is the range and the band coming out for Nifty,” says Shivangi Sarda, … Read more
Indian benchmark indices experienced a choppy session on Friday, giving up most of their intraday gains but still ending slightly higher, signaling a cautious start to the January series. The S&P BSE Sensex settled at 78,699, up by 226.6 points or 0.29%, while the broader Nifty 50 index closed at 23,813.40, higher by 63.20 points … Read more
Mumbai: Traders loaded up shares of banks and property developers on Wednesday in a tepid market in anticipation of a cut in the Cash Reserve Ratio – the percentage of a bank’s total deposits required to maintain in cash with the RBI – in the central bank’s three-day Monetary Policy Committee meeting ending on Friday. … Read more
“We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels,” says Dharmesh Shah, ICICI Direct.Any sector-specific moves that you are seeing? Any sectors that you are liking … Read more
“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more
Indian markets rose by 1.7% this week, marking a third consecutive weekly gain, driven by favorable global and domestic factors. The positive momentum was fueled by the US Federal Reserve’s rate cut and steady economic data, leading to increased foreign investments. Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and … Read more
The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve‘s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more