“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more
“There are no signs of bearishness, no signs of divergences. So, nothing on the charts as of now. So, let us make the best till it lasts,” says Vishal Malkan, malkansview.com. When are we going to hit that record high level? It seemed like a when and not an if but that when is also … Read more
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. Even the S&P 500 has seen a breakout after the last four weeks of consolidation,” says Dharmesh Shah, Head-Technical, ICICI Direct.Well, the market is fairly … Read more
“One day we see a gap up and another day we see a gap down. So, market is directionless and choppy. So, in such kind of a market, fmcg space and pharma space is doing pretty well, so I like that space,” says Aditya Arora, Adlytick.This has been a very difficult last one, one-and-a-half month. … Read more
“So, we will wait for a breakout or breakdown for market to decide in which direction it could trend for more 1% to 3%, but right now if we have a level based approach, then on Nifty if it breaks 24,700, then the view is negative and if on the upside Nifty breaks 25,050, then … Read more
“I would say that it is overall the culmination of multiple factors which has led to this kind of a situation and I do not see any kind of a let-up on these very important contributors for ensuring the quality of the loan book,” says Dinesh Kumar Khara, Chairman, SBI.Do you think the credit cycle … Read more
Synopsis Last few days of movement of the Nifty and Sense will make a number of people forget about what happened in March this year. The fact is that when valuations are high and they are even if takes into account the Q4 numbers. The probability of volatility hitting the street is always high. So, … Read more
The Indian market is likely to trade higher on Monday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 climbed 22500 levels in the morning trade. The index is likely to find some resistance around the 22750-22800 levels while on the downside 22300 is likely to act as … Read more
Indian market is likely to consolidate on Friday tracking mixed global cues. The Nifty future closed negative with losses of 0.54% at 22,080 levels on Thursday. India VIX was up by 2.08% from 12.62 to 12.88 levels. On the options front, the maximum Call OI is placed at 22,500 and then towards 22700 strikes while … Read more
Indian market is likely to head higher on Wednesday tracking positive global cues. The Nifty future closed negative with losses of 0.07% at 22733 levels on Tuesday. India VIX was down by 2.02% from 11.61 to 11.36 levels. On the weekly options front, the maximum Call OI is placed at 23000 and then towards 22700 … Read more
