Short covering-led rally in last leg turns D-Street green on a dull day

Short covering-led rally in last leg turns D-Street green on a dull day

Mumbai: India’s benchmark indices ended nearly 1% higher on Thursday, in a late surge, driven by short covering ahead of the expiry of Nifty‘s weekly futures and options contracts. NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as … Read more

Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs. Here’s how to trade on Monday

Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs. Here’s how to trade on Monday

The Indian market recouped losses to close in the black. The S&P BSE Sensex rose over 260 points, while the Nifty50 reclaimed 22,000. Sectorally, buying was seen in telecom, metal, oil & gas, power, and utilities, while selling was seen in banks, realty, and IT stocks. Stocks in focus include names like Hindustan Zinc, which … Read more

Concurrent Gainers: UPL, DLF, Axis Bank among 6 stocks that gained for 5 days in a row

Concurrent Gainers: UPL, DLF, Axis Bank among 6 stocks that gained for 5 days in a row

Upward Trend During the five recent trading sessions ending on April 26, the Sensex benchmark index gained about 1%, closing at 73,730. This upward movement occurred in four out of the last five sessions. Throughout this upward trend, ETMarkets identified 6 stocks within the BSE largecap index that consistently rose in price throughout the last … Read more

Technical Stock Pick: 30% rally in 3 months! This port stock could hit fresh 52-week highs in short term

Technical Stock Pick: 30% rally in 3 months! This port stock could hit fresh 52-week highs in short term

Gujarat Pipavav Port Ltd (GPPL), part of the port services, rallied by about 30% in the last 3 months to hit a fresh record high earlier in March 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock now for a possible target … Read more

Indian Options Conclave 5.0 Traders Mahakumbh draws over 10,000 attendees in Surat

Indian Options Conclave 5.0 Traders Mahakumbh draws over 10,000 attendees in Surat

Jainam Broking Limited, a prominent stock broking company based in Gujarat, concluded the 5th edition of the Indian Options Conclave 5.0, an esteemed annual gathering for options traders, investors, and enthusiasts. Held at the state-of-the-art YPD World Convention Centre in Surat, Gujarat, on March 15th and 16th, 2024, the event, themed “Traders Mahakumbh,” attracted over … Read more

Technical Stock Pick: 30% rally in 3 months! This tea coffee maker stock hits fresh record high in March

Technical Stock Pick: 30% rally in 3 months! This tea coffee maker stock hits fresh record high in March

Tata Consumer Products Ltd, part of the tea & coffee industry, has rallied by more than 30% in the last 3 months and chart pattern suggests that the bulls are here to stay. Short-term traders can look to buy the stock now or on marginal dips for a possible target above 1300 levels in the … Read more

Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?

Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?

Indus Towers Ltd, part of the telecom industry, rallied more than 30% to break out from a falling trendline resistance on the weekly charts and the momentum could take the stock to a fresh 52-week high. Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the … Read more

Technical Stock Pick: CAMS gives a breakout from 100-week consolidation; time to buy?

Technical Stock Pick: CAMS gives a breakout from 100-week consolidation; time to buy?

Computer Age Management Services Ltd (CAMS), part of the financial services industry, gave a breakout from a 112-week consolidation on the weekly charts which is a bullish sign and has opened room for the stock to head higher. Short-term traders can look to buy the stock for a target above Rs 3300 in the next … Read more

Technical Stock Pick: 20% rally in 3 months! This pharma stock breaks out from a rounding bottom pattern; time to buy?

Technical Stock Pick: 20% rally in 3 months! This pharma stock breaks out from a rounding bottom pattern; time to buy?

Granules India Ltd, part of the pharma space, has rallied more than 20% in the last 3 months to hit a fresh record high in February 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock now for a target of Rs 590 … Read more

Indians scurrying to hoard Nvidia shares as everyone buying shovel-makers in AI gold rush

Indians scurrying to hoard Nvidia shares as everyone buying shovel-makers in AI gold rush

The magnificent rally in semiconductor stock Nvidia in recent days has made the Wall Street stock among the most popular bets for Indians who invest in US stocks. In volume terms, it is the second most popular stock on Vested Finance since the last 6 months with trading volumes of more than $25 million. Volumes … Read more