Varroc Engineering Ltd, part of the auto component space, has more than doubled investors’ wealth in the last one year and recent breakout from an inverse Head & Shoulder pattern has opened room for the stock to head higher. Short-term traders can look to buy the stock now for a possible target towards 600 levels, … Read more
Aurobindo Pharma, part of the pharma space, has rallied more than 100% in FY24 but found some resistance above Rs 1,100 levels in January 2024. The stock underwent price wise correction since January 2024 and is now showing signs of bottoming out which suggests that bulls are ready to take the charge again. Short-term traders … Read more
Indian market is likely to consolidate on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.11% at 22577 levels on Tuesday. India VIX was down by 3.56% from 12.08 to 11.65 levels. On the weekly options front, the maximum Call OI is placed at 22,500 and then towards 22,800 strikes … Read more
Equity indices snapped the three-day winning run on Tuesday amid weak trends in US markets. The 30-share Sensex declined 110 points to settle at 73,903 and the broader Nifty closed lower by 8 points at 22,453. Stocks that were in focus included names like AB Capital, which jumped 10.5%, Aster DM, which rose 0.5%, and … Read more
Apr 02, 2024, 02:41:37 PM IST Axis Securities says Nifty earnings will post excellent growth of 15% CAGR over FY23-26. Financials remain the biggest contributors for FY24/25 earnings, it added. Amid this backdrop, here are the top stocks from the largecap space that the brokerage has recommended for April: ET Bureau & Agencies 2/9 ICICI … Read more
Jyothy Labs, part of the household products industry, has fallen by about 20% from the highs and has found support above the 200-DMA on the daily charts. The stock is trading above crucial support levels; hence, a technical bounceback could be on the cards. Short-term traders can look to buy the stock now for a … Read more
Indian market is expected to consolidate on Tuesday tracking muted global cues. The Nifty future closed positive with gains of 0.54% at 22,610 levels on Monday. India VIX was down by 5.84% from 12.83 to 12.08 levels. Since it is the beginning of the new series, options data is scattered at various far-strike prices. On … Read more
SRF, part of the specialty chemical space, remained rangebound for the past 1 year but recent momentum helped the stock to break out from a 9-month consolidation on the weekly charts. Short-term traders can look to buy the stock now for a possible target of Rs 2,900-3,000 in the next 3-4 weeks, suggest experts. The … Read more
The Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.72% at 22327 levels on Thursday. India VIX was up by 1.02% from 12.70 to 12.83 levels. The Nifty PCR is currently at 1.18. Meaningful call writing is witnessed across 22400-22500 strikes, while … Read more
Bajaj Finance. Share Price 6927.00 01:07 PM | 26 Mar 2024 166.11(2.46%) Hindalco Industries. Share Price 559.00 01:07 PM | 26 Mar 2024 11.25(2.06%) Oil And Natural Gas Corporation. Share Price 267.50 01:07 PM | 26 Mar 2024 4.25(1.62%) Britannia Industries. Share Price 4943.50 01:07 PM | 26 Mar 2024 78.50(1.62%) Adani Ports & Special … Read more
