After a volatile few sessions, the market’s recent pullback is likely just a pause before the next leg higher, according to Rohit Srivastava, Founder of Strike Money Analytics & Indiacharts. Srivastava believes that the Nifty’s consolidation phase is nearing an end, and most of the negative news that had weighed on sentiment has already been … Read more
The Indian equity markets appear to be nearing a short-term bottom following a four-day correction, according to market strategist Rohit Srivastava. “Well, my sense is that we have seen a rather four-day good correction which is sort of a 38% pullback to the up move we had seen since 29th of August. I believe it … Read more
“Even though the earning season could have a pretty mixed picture given the kind of numbers we have seen from advanced taxes or from GST, but the momentum simply driven by liquidity, the interest rate changes is what will keep it perked up and therefore, purely when we are talking about the index, the downside … Read more
Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts, says the market is experiencing rotation with different stocks attracting buying interest, ensuring upward movement after consolidation. Financials, particularly NBFCs, are leading the rally due to favorable interest rate cycles and low valuations. PSU stocks, after a correction, are building a base and offer low-value picks, while … Read more
“What we are looking at is it moving higher towards around 56,577, so that is slightly what we call an extended Fibonacci level for this particular move. The support being closer to around 54,660. So that is pretty short term. It is not a lot of upside right now because we have seen a pretty … Read more
“We are only trying to navigate any short-term noise that may show up. So, wait for those because you will get dips along the way. Nothing is going to be one way and just use that as an opportunity,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. For the last two sessions, Nifty has … Read more
“Both the daily and weekly RMI momentum indicator that we use are giving bullish signals. So, there is no doubt right now that the markets are going to weaken further,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.With this new series, a lot of volatility already kicking in. There are big events lined up, … 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
“So, on the downside, then we will again look at retesting 23,200, the lows that we made last month and if that breaks, then possibly go towards 22,800 is what we are looking at on the Nifty,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.Help us with your take on the benchmark indices, seems … Read more
“I think the time has come for them to really take charge or take lead or join the overall bullish camp and that is what is sort of happening. A lot of people have started to relook at HDFC Bank,” says Rohit Srivastava, Strike Money Analytics & Indiacharts.What are you reading of this kind of … Read more