Nifty on Monday formed an Inside Bar candle on the daily chart as it ended 131 points higher at fresh closing high. Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24,400 levels in the near term. … Read more
Calling it a ‘potent fusion’, domestic brokerage firm Kotak Institutional Equities (KIE) initiated coverage on JB Chemicals and Pharmaceuticals (JBCP) as it sees an upside growth potential of 12.4% in the stock. KIE has a ‘buy’ call on the stock with a target price of Rs 2,025. The domestic brokerage believes that JBCP offers a … Read more
Synopsis Every now and then the nifty keeps witnessing volatile movement, the difference this week was amidst all the intraday volatility because the bias of volatility has changed, nifty was able to touch a new high. Also because market breadth was positive, the trend for the majority would be bullish. Given the fact that macros … Read more
Global brokerage firm Nomura initiated coverage on PSUs Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) with a ‘buy’ rating and a target price of Rs 4,750 and Rs 300, respectively. This signals an upside potential of 23% for HAL and 30% for BEL from their current market price. The brokerage firm bets on HAL for … Read more
Synopsis As the Dalal street continues to be in party mode, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend, while staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one … Read more
Synopsis After a minor correction, markets are once again on roll. This time the upward movement has been led by IT stock. When it comes to nifty and sensex, it is dominated by IT and financial services. So as the financial services stocks take a breather, a sectoral turn is taking place and the nifty … Read more
Synopsis At a time when everything on the street appears good and green, there is a case of being selective. The reason, if it is in a raging bull market, the street never stays in this all good and green mode forever.when the street starts to become selective, it is stocks where there are some … Read more
