“Looking at the banking index, despite today’s correction, it’s hovering around a rising trendline support near the 56,500 zone. So, if we get a positive closing, that would be encouraging and could signal a reversal,” says Sneha Seth, Angel One.Definitely a very dull Friday and a weak end to the week as well. But how … Read more
“Looking at the put-based concentration, Nifty is currently trading below the major put base at 25,300. On the call side as well, major writers have shifted their positions to the 25,300 and 25,200 strikes. This clearly indicates that we may witness further pressure if Nifty continues to trade below the 25,300 level next week. That … Read more
“Till we are above 25,000 on Nifty, this market is a buy on every dip. I will completely change my stand once we close below 25,000 or else use every dips to 25,200 as a buying opportunity in Nifty and sector specific, stock specific, you have lot of opportunity even in this consolidating market,” says … 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
While the RBI repo rate cut is undoubtedly a significant psychological and technical milestone, for Nifty to sustain above 25,000, the upcoming macro data and corporate earnings will be key, Mayank Jain, Market Analyst, Share.Market said as he advise investors to watch for consistent institutional flows and sector rotation to confirm if this breakout holds. … 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
“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
“The only concerning part which we are witnessing right now and the uncertainty part is India Vix. India vix is continuously trading above 18 levels from last three to four days which is the concerning part,” says Amit Bhuptani, Nirmal Bang.Firstly, onto the index, where do you see the Nifty as well as Bank Nifty … Read more
“Overall, what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking … 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