A ‘Buy China, Sell India’ trade is getting played out in emerging markets as FIIs have sold Indian stocks worth around Rs 30,718 crores in the first 3 days of October. The sudden U-turn in FII strategy has been mainly triggered by the outperformance of Chinese stocks. “The Hang Seng index shot up by 26% … Read more
Investment scams surfacing on social media platforms are on the rise. Kotak Securities Limited (KSL) has issued a public advisory for its investors about such scams that are active on social media platforms like WhatsApp, Telegram, Facebook, and Instagram. Investment groups on messaging apps like Whatsapp and Telegram are using well-known brands and professionals’ identities … Read more
Nifty on Thursday formed a Doji candle on daily chart, which indicates indecisiveness prevailing in the marketplace at current juncture. The short-term trend of Nifty continues to be positive amid high volatility. Having moved above the hurdle of 22,250 level (mid-part of Tuesday’s long bear candle) recently, Nifty could move towards the next upper hurdle … Read more
Nifty ended Tuesday’s session 6% lower at 21,884.50 to form a long bearish candle on the daily chart and also ended below short-term and medium-term averages. For traders now, 50-day SMA or 22,400/73,500 and 22,500/74,000 would be the key resistance areas while 21,600-21,300/71,000-70,200 would act as key intraday support zones. “We are of the view … Read more
D-Street fear index India VIX fell 22% to the day’s low of 19.12 on Monday after a screaming call by exit polls suggesting the return of the incumbent Bharatiya Janata Party (BJP) led NDA government. At 1:20 pm India Vix stood at 20.21, down by 17.85% from 24.60 on Friday. According to the average of … Read more
Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now eyeing reclaiming the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels … Read more
Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) around the 22,150 level. The daily chart saw the formation of a long negative candle. Nifty has been in a larger range movement of … Read more
Notwithstanding high competition in the Indian banking sector, the largest private lender HDFC Bank remains a frontrunner for top brokerages like Kotak Institutional Equities and Motilal Oswal. The potential upside for the share is 20% and it could earn investors over Rs 320 per share. Motilal Oswal: Buy | Target: Rs 1,950 | Upside: 22% … Read more
NEW DELHI: After plunging over 250 points to give up the 17,000 mark on Tuesday, Nifty formed a long bearish candle on the daily chart. The lower high formation on intraday charts indicated further weakness from the current levels. “The correction wave is likely to continue till 16,850-16,800. On the flip side, 17,050 would be … Read more
Mumbai: Shares of , one of the Tata Group‘s flagship firms that makes and markets jewellery and watches under a wide bouquet of lifestyle products, surged more than 5% on Friday after its second quarter business update took the Street by surprise, leading to fresh bullish bets on the stock. The stock closed at Rs … Read more