Category: India

The pragmatic strategy would be to stay light on positions and be stock-specific, said Sameet Chavan of Angel One Sameet Chavan June 13, 2022 / 06:29 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ […]

The pragmatic strategy would be to stay light on positions and be stock-specific, said Sameet Chavan of Angel One Sameet Chavan June 13, 2022 / 06:29 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ […]

Shubham Agarwal Nifty turns mildly negative and seems to be in the clasp of the bears and closed the week on a negative note around 16202 with a loss of around 2.42%. During the week, Nifty gyrated between 16621 and 16185. On the OI (open interest) front, short build-up was witnessed in Nifty over the week […]

After a short-term correction, Dr Reddy’s Laboratories has formed higher bottom reversal formation. The stock is consistently taking support near the 50 and 20 day SMA (Rs 4,192, Rs 4,227) Sunil Shankar Matkar June 13, 2022 / 11:16 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

We feel that the Nifty is in bounce back mode. If the Nifty sustains above 16,610 levels then it will move towards 16,800 in the coming days, said Vidnyan Sawant of GEPL Capital ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); […]

On daily charts, IEX has formed long bullish candle which is broadly positive. But at the same time, the stock is consistently taking resistance near 20 days SMA. The medium term texture of the stock is non-directional, perhaps, traders are waiting for the either side breakout. Sunil Shankar Matkar June 10, 2022 / 07:53 AM […]

The Nifty50, after consolidating during early hours, gained strong momentum in the last couple of hours of trade and snapped a four-day losing streak on June 9. It closed way above the crucial 16,400 mark, which is a positive sign; hence, if it surpasses 16,514 and closes above the same level, then a further strength […]

TVS Motor is outperforming the benchmark index Nifty50 and has recently given a downward sloping trend line breakout on the weekly time frame, said Rohan Patil of Bonanza Portfolio RohanPatil June 09, 2022 / 08:02 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Though Elgi Equipments looks lucrative at current levels, one should wait because the stock is trading near its previous top Rs 422.30, which is also all-time high. Sunil Shankar Matkar June 09, 2022 / 07:49 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Representative image. The Nifty50 extended losses for the fourth consecutive session and has decisively broken crucial support level of 16,400 on June 8 despite positive trend in Asian counterparts, probably due to inflation concerns. The Reserve Bank of India raised inflation forecast for FY23 to 6.7 percent from 5.7 percent earlier while hiking repo rate by 50 […]

There is a classical bullish setup in NHPC as the counter had witnessed bullish flag formation in April month then it created a strong base at 200-DMA followed by a healthy correction. Santosh Meena June 08, 2022 / 06:48 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] […]

We believe history will repeat itself, wherein Exide Industries will rebound utilising prior consolidation and will move towards its 100-day SMA. This could lead the stock towards Rs 157 initially and Rs 163 subsequently. Sunil Shankar Matkar June 08, 2022 / 06:50 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

The Nifty50 extended losses for the third day to close a percent down on June 7, as traders remained cautious ahead of the Reserve Bank of India’s monetary policy committee meeting outcome. The index opened 100 points lower at 16,470 and remained under pressure throughout the session. It closed at 16,416, down 153 points as […]

Indoco Remedies has given a falling trendline breakout with a rise in volume activity. The stock has broken above the previous swing high and negated the lower high lower low formation. The RSI indicator can also be seen giving a trendline breakout and confirming the bullish view. Sunil Shankar Matkar June 07, 2022 / 06:28 […]

Rashtriya Chemicals and Fertilisers has formed Bullish Engulfing candlestick pattern on the daily charts. Stock found support on the upward sloping trend line on the daily chart and reversed north. Vinay Rajani June 07, 2022 / 06:30 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ […]

The Nifty50 moved in a 100-point range for the most part of the session to close 15 points lower at 16,569.5 on June 6 on mixed global cues. Oil rising to $ 120 a barrel after the price hike by Saudi Arabia and caution ahead of the RBI monetary policy committee decision could be the […]

Occurrence of a ‘Bullish Hammer’ on weekly scale near the confluence zone of a multi support area of its 200 week EMA reconfirm the strength of its ongoing channel support zone in Zensar Technologies. Trend strength indicator RSI too exhibits a positive crossover along with a likely trend break Sunil Shankar Matkar June 06, 2022 […]

Considering the positive placement of ‘RSI-Smoothened’ oscillator, we expect Wipro to convincing surpass immediate hurdles. One can look to buy for a near term target of Rs 498. Sameet Chavan June 06, 2022 / 06:47 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] = 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Metropolis Healthcare has given a declining trendline breakout after forming a base near Rs 1,500 levels. Huge rising volumes on price rise signifies increased participation in the rally. The daily strength indicator RSI has turned bullish indicating rising strength. Sunil Shankar Matkar June 06, 2022 / 06:53 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]