nifty

ETMarkets Smart Talk: Nifty seen @ 24K in 2024; Nishit Master highlights 3 risks which could derail bull rally

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ETMarkets Smart Talk: Nifty seen @ 24K in 2024; Nishit Master highlights 3 risks which could derail bull rally

“Our year-end Nifty50 target is 24000, which means we are looking at a high single-digit return this year from the index,” says Nishit Master, Portfolio Manager, Axis Securities PMS. In an interview with ETMarkets, Master said: “If investors sense that we might witness policy uncertainty post-elections, this bull rally can derail”. Edited excerpts:Sensex@75K, Nifty@22K – … Read more

Tech View: Nifty charts hint at recovery from support levels. What should traders do on Thursday

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Tech View: Nifty charts hint at recovery from support levels. What should traders do on Thursday

Nifty on Tuesday ended 125 points lower to form a bearish candle on the daily chart as it recorded losses for the third straight session. The short-term trend remains weak. But, having placed near the cluster support of around 22,000 levels, one may expect an upside bounce from the lows in coming sessions. Immediate resistance … Read more

Tech View: Nifty forms Shooting Star candle. What traders should do on Tuesday

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Tech View: Nifty forms Shooting Star candle. What traders should do on Tuesday

Nifty on Monday fell 247 points to form a Shooting Star candle on the daily chart and violated the crucial support of 20-day EMA placed at 22,370. The larger degree positive chart pattern like higher tops and bottoms is intact on the weekly chart and present weakness could be in line with the formation of … Read more

stocks to buy: India set to exit FY24 with a GDP of $3.6 trillion; Tata Consumer, Birla Corp top bets

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stocks to buy: India set to exit FY24 with a GDP of .6 trillion; Tata Consumer, Birla Corp top bets

India is set to exit FY24 with a GDP of USD 3.6 tn and an underlying growth of 7.6%+. Capital markets signed off FY24 with a stellar 29%/60%/70 % returns in Nifty/Nifty Midcap 100/Nifty Smallcap 100. India’s market cap has reached $4.4tn, making it the fifth largest in the world. India’s capital markets have witnessed … Read more

Nifty: Volatility may cap Nifty at 22,500; trade cautiously

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Nifty: Volatility may cap Nifty at 22,500; trade cautiously

With the dollar index and US 10-year bond yields on the rise, along with increasing crude prices and geopolitical tensions, analysts advise a cautious approach. They advise investors to refrain from chasing buying opportunities at elevated levels and suggest booking profits on any bounceback. ICICI Bank, Reliance Industries, Mahindra & Mahindra, Eicher Motors, SAIL, IRCTC, … Read more

Tech View: Nifty forms Doji candle on weekly charts. What should traders do next week

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Tech View: Nifty forms Doji candle on weekly charts. What should traders do next week

Nifty on Friday ended 234 points lower to form a Doji candle on the weekly scale. On the daily charts, the index closed below the lows of the previous 3 trading sessions which indicates weakness. The index is in the process of retracing the rise it has witnessed from 22,710–22,776. The next crucial support level … Read more

Big movers on D-Street: What should investors do with Canara Bank, Paytm and PB Fintech?

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Big movers on D-Street: What should investors do with Canara Bank, Paytm and PB Fintech?

Benchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday. Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday. Here’s what … Read more

sensex news: Sensex jumped 3 times from 25,000 to 75,000 in 10 years of PM Modi’s rule

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sensex news: Sensex jumped 3 times from 25,000 to 75,000 in 10 years of PM Modi’s rule

India’s heartbeat index Sensex, which crossed the 75,000 milestone in Tuesday’s session, had broken the 25,000 barrier 10 years ago on May 16, 2014, when Prime Minister Narendra Modi won the Lok Sabha elections. This translates into a return of three times on the index itself. The market capitalisation of all BSE-listed stocks on that … Read more

Tech View: Nifty forms high wave candle. What traders should do on Friday

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Tech View: Nifty forms high wave candle. What traders should do on Friday

Nifty on Wednesday formed a high wave type candle on the daily chart as it ended the session 111 points higher. Nifty is currently placed at the hurdle of around 22,800 levels (ascending resistance trend line and 1.618% Fibonacci extension). Though Nifty placed near the hurdle, still there is no sign of any reversal forming … Read more

Big movers on D-Street: What should investors do with Hindustan Zinc, Vodafone Idea and Angel One?

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Big movers on D-Street: What should investors do with Hindustan Zinc, Vodafone Idea and Angel One?

Benchmark indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. Stocks that were in focus included names like Hindustan Zinc, which jumped nearly 17%, Vodafone Idea, which fell 2%, and Angel One, whose shares declined … Read more