“If we consider the RSI momentum indicators, possibly this positive momentum is likely to extend, so bullish on ICICI as well as HDFC Bank, but we sense that this momentum is likely to be led by the ICICI Bank,” says Rajesh Bhosale, Angel One.Tell us what is your view particularly on the indices at present … Read more
“We expect a strong up move in State Bank and State Bank can be bought. Currently, it is trading somewhere around 818, 820 levels. It can be bought with a stop loss of 802 and the upside that we are expecting is 855 on the State Bank,” says Rajesh Bhosale, Angel One. Considering levels on … Read more
“If Nifty at all crosses above 24,800-24,850 zone, then we could see some bit of short covering to trigger in Nifty trades and then this pullback can extend further towards 25,000. But overall, 25,000 may act as a stiff resistance for any pullback in the near-term perspective,” says Rajesh Palviya, Axis Securities.What are the levels … Read more
“The overall biasness remains positive for Nifty and Bank Nifty as well. In case of Nifty as well if someone wants to go ahead and take a long position, they can, keeping a strict stop loss of 24,500,” says Sneha Seth, Angel One.Firstly, how do you pencil in the move for the index, once again … Read more
Markets ended the week on a cautious note, marking the second consecutive week of consolidation. This subdued performance came amid ongoing global trade tensions and anticipation surrounding domestic policy developments. The benchmark indices, the Sensex and the Nifty, witnessed notable volatility through the week, eventually closing lower as investors reacted to uncertainties over U.S. tariff … Read more
“Bank Nifty is also trying to get support around 55,000 which is the immediate put-based concentration,” says Rajesh Palviya, Axis Securities.So, the market is quite in a choppy zone right now. Before you give us you take on your picks for the day, I want to understand the support levels that you are looking at … Read more
“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