“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
“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
“If Nifty continues to correct or stays below say 22,000 mark on closing basis, there are chances that we may see further correction at least towards 21,400, 21,500 zone so that is very much possible for now,” says Sneha Seth, Angel One.22,000 broken on Nifty 50, help us understand what is next?Sneha Seth: Understanding is … Read more
“It is the right time to stick to the domestic side, where again the sectors like banking, again financially, if you look even in this current corrective phase banking as a sector clearly is showing the relative outperformance even in this current corrective phase,” says Dharmesh Shah, ICICI Direct. What should one expect because I … Read more
“Our view is to buy on dips, Nifty is looking good for 24,000 from a positional perspective. At 23,200, 23,300 the risk-reward is favourable for longs so keep a stop loss place around 22,000 on the closing basis and the view is to go long,” says Rahul Sharma, JM Financial Services.Look at the recovery that … Read more
“On the levels wise, on the upside, I believe 23,800, 23,850 would be an important resistance zone now, only in case of any buying interest above this level, then only we may see some positive sentiments coming in,” says Sneha Seth, Angel One.It has been quite a sell-off on the benchmark indices. Give us your … 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