In a steep fall from the previous week, the number of smallcap stocks that offered double-digit returns this week were only 24. Last week, as many as 400 smallcaps rose in double-digits. The market sentiments worsened as the week went on as investors’ hopes for a June rate cut were dashed by higher-than-expected inflation in … Read more
Maharashtra Bank, Petronet LNG and Finolex Cables are top 3 ideas from Kunal Shah, senior technical & derivative analyst at LKP Securities for the week ahead. Edited excerpts from a chat: After the solid rally seen particularly on Thursday’s expiry, what does the bigger picture look like for the April series which will also mark … Read more
Petronet LNG Ltd, part of the energy sector, broke out from a 3-year consolidation range on the weekly charts in January 2024 and is staying above the same, which suggests that momentum is intact. Short-term traders can look to buy the stock for a possible target above 300 levels which will take the stock to … Read more
Indian market is expected to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.01% at 22499 levels on Monday. India VIX was down by 0.47% from 15.24 to 14.92 levels. Positive setup was seen in stocks like BHEL, NTPC, Tata Communication, Gail India, PEL, Tata Power, MFSL, IGL, … Read more
The Indian market opened trade higher on Saturday tracking positive global cues overnight. The Nifty future closed positive with gains of 0.69% at 21675 levels. India VIX was down by 1.35% from 14.07 to 13.88 levels. Volatility cooled off after spiking to higher zones during the week. Positive setup was seen in stocks like Aarti … Read more
The Indian market bounced back on Friday tracking positive global cues. The S&P BSE Sensex rose more than 600 points in morning trade while the Nifty50 reclaimed 21,600-21,650 levels. Sectorally, buying was seen in infra, telecom, public sector and power space. On the weekly options front, the maximum Call OI is placed at 22,000 strikes … Read more
