Understanding seasonal trends is paramount for traders looking to capitalize on the dynamic nature of the precious metals market. In the context of MCX Gold and Silver trading, historical patterns offer valuable insights into periods of heightened demand and potential price movements. Let’s delve into the seasonal trends observed in the Indian market and explore … Read more
For a lesson in the perils of being a skeptic on Wall Street when everyone else is a buyer, consider Rob Arnott, who made a sensible case five months ago that Nvidia Corp. had become a bubble. “A textbook story of a Big Market Delusion” is how the venerable founder of Research Affiliates called it, … Read more
Mumbai: The selloff in shares of public sector companies aggravated on Monday as disappointing third-quarter results of a few prompted traders to liquidate bullish bets. Analysts warn about the likelihood of further declines in these stocks, which have been the top performers on Dalal Street for the past three months. Any sharp fall in the … Read more
Indian Bank Ltd, part of the PSU banking space, has rallied more than 60% in the last 6 months which pushed the stock to a fresh record high in February 2024 which suggests that bulls are here to stay. Short-term traders can look to buy the stock now or on dips for a possible target … Read more
Mumbai: India’s benchmark indices shed about 1% on Tuesday, partly reversing the previous day’s gains, as traders cut bets ahead of the US Federal Reserve’s two-day policy meeting on January 30 and 31. Analysts said the mood is relatively cautious with the government set to announce its interim budget on February 1. The BSE Sensex … Read more
Samvardhana Motherson Ltd, part of the auto component space, has almost doubled from its 52-week low recorded in March 2023 which helped the stock to reclaim its 200-weekly EMA on the weekly charts. Short-term traders can look to buy the stock now for a target of Rs 132 in the next 3-4 weeks, suggest experts. … Read more
Mumbai: The Reserve Bank of India (RBI) has, of late, introduced some tweaks to its strategy of forex interventions to allow sporadic flows into the banking system and help partially plug a liquidity gap that has caused short-term borrowing costs for banks and corporates to jump. Multiple currency market traders told ET that over the … Read more
Ashok Leyland Ltd, part of the automobile space, has fallen by over 10% from its recent high recorded in August 2023 and the chart pattern suggests that the weakness could continue.Short -to medium-term traders can look to sell the stock now for a possible target towards 150 levels in the next 1-2 months, suggest experts. … Read more
Mumbai: Indian equities rose about 1% on Wednesday, recouping a portion of the previous day’s losses, as traders covered some of their bearish bets ahead of the expiry of the January series futures & options contracts. Analysts said the undertone remains cautious with foreign investors turning sellers in recent trading sessions.The Nifty rose 215.15 points, … Read more
Bharat Heavy Electrical Ltd (BHEL), part of the heavy electrical equipment space, has rallied by over 50% in the last 3 months and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock on dips for a possible target of Rs 227 in the next … Read more
