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Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Devangshu Datta, an internationally rated chess and bridge player, is a seasoned writer and columnist with extensive experience covering diverse topics such as finance, technology, science, and sports. Known for his analytical approach and clear writing style, Datta has contributed to several leading publications, including Business Standard, The Economic Times, The Telegraph, and Outlook. He also serves on the editorial board of Business Standard.
Nifty, Bank Nifty, Tata Power & ONGC
Currency appreciation or hiccups in US recovery could be negative surprises for the sector but either scenario is unlikely
By investing in the index in a systematic manner, the chances of doing well increase substantially
Nifty, Bank Nifty, Power trading Corp & Larsen & Toubro
There is always a high level of breakout failure - that is, for every breakout that turns into a new trend, several will fail with the price dropping back to earlier levels
A move beyond 6415 to a new all-time high would be positive; A move below 6200 would hit support at 50-point intervals
Nifty, Axis Bank, DLF, BHEL & Coal India
In purely technical chart-based analysis, the market is in a bull-run, which might get stronger
To which markets FIIs decide to trim allocations remains the key question
FII buying is largely predicated on an assumption of political change rather than of organic improvement in corporate earnings and they are likely to stay net positive till the general elections
Since the probability of a solid majority for the BJP seems rather low, the reward for going long also seems somewhat low
Low volatility makes it more likely that far-from-money options won't be struck. And if low volatility persists, premiums reduce
Nifty, Bank Nifty, Wipro & Ranbaxy
Traders could assume that the Nifty will stay within the bounds of 6,050-6,450 for the next five to seven sessions
Nifty, Bank Nifty, BHEL, Tata Power & Apollo Tyres
Nifty, Bank Nifty, DLF & Infosys