Nifty charts hint at recovery, first challenge at 24,350: Anand James

Nifty charts hint at recovery, first challenge at 24,350: Anand James

Pointing out that the distance between 100 and 200 SMAs is the highest since the sharp ascent during the 2020-21 period, Anand James, Chief Market Strategist, Geojit Financial Services, says we are now at a perfect point to correct this anomaly as we approach August low of 23893, providing a breathing space for bulls to … Read more

Tech View: Nifty likely to trade in a range

Tech View: Nifty likely to trade in a range

Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more

F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities

F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities

Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4. Nifty50 closed 2.05% or 468.75 points higher on Friday at 23,290 while the 30-component BSE … Read more

Tech View: Nifty ends above 21 EMA. What traders should do on Thursday

Tech View: Nifty ends above 21 EMA. What traders should do on Thursday

Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more

Tech View: Will Nifty hit 24,000 on election result day? Here’s how to trade on D-Day

Tech View: Will Nifty hit 24,000 on election result day? Here’s how to trade on D-Day

Nifty ended Monday’s trading session 733 points higher with analysts saying that if the election results are better than expected on Tuesday the headline index can even cross the 24,000 mark. The bulls are in full control of the markets at the current juncture and are using every minor pullback to create long positions. Support … Read more

SBI share price can surge up to Rs 1,000, say bulls after Q4 results

SBI share price can surge up to Rs 1,000, say bulls after Q4 results

Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more

In Pictures | In pursuit of raging jallikattu bulls

In Pictures | In pursuit of raging jallikattu bulls

As the Supreme Court’s verdict on a batch of petitions that challenge the constitutional validity of the law permitting the conduct of jallikattu in Tamil Nadu is awaited, the year’s first jallikattu in the State was conducted on January 8 at Thatchankurichi village in Pudukottai district. The Thatchankurichi jallikattu which was earlier slated on January … Read more

When will Sensex hit 1-lakh magic figure? Here’s some back-of-the-envelope calculations

When will Sensex hit 1-lakh magic figure? Here’s some back-of-the-envelope calculations

While traders are busy debating over whether Sensex will rally another 2,700 points anytime this year to zoom past its all-time record high of 62,245.43 touched in the autumn of last year, long-term investors are doing back-of-the-envelope calculations on when will the index hit the magic 1-lakh mark. Earlier this year, Jefferies‘ global head of … Read more

Chart Check: Bulls in control of this smallcap after 30% returns in a month! Time to buy or book profits?

Chart Check: Bulls in control of this smallcap after 30% returns in a month! Time to buy or book profits?

Vesuvius India, part of the capital goods industry, has rallied by about 30 per cent in a month to hit a record high in August and technical indicators suggest that the uptrend is still intact in this smallcap stock. It rose to a fresh record high of Rs 1,529 on 24 August. Short-term traders can … Read more