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Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Allied Blenders & Distillers IPO closes for subscription on June 27; Share allotment expected on June 28 and the stock is likely to be listed on July 02, 2024.
All you need to know before the market opens on Thursday, June 27: The Nifty is likely to swing to F&O expiry cues. FIIs net index long-short ratio crosses 2-mark; retail investors up short positions.
Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.
Trade set-up for Wednesday, June 26: Analysts believe that trading activity at 23,700 Nifty Strike shall set the market trend; support seen at 23,670 and 23,600. FIIs continue to add long positions
The NSE Nifty crossed the 23,700 level for the first-time ever; while the Nifty Bank index zoomed past 52,700 levels.
The Nifty PCR data suggests that the index may attempt a rally towards 23,700 level ahead of the June series expiry; On the downside, strong support is expected around 23,350 - 23,290.
Trade set-up on the Nifty, Bank Nifty for Tuesday, June 25: Experts recommend Nifty likely trade with positive bias as long as support at 23,300 is held; Bank Nifty range-bound between 51,000-52,000
MosChip hit a new all-time high at Rs 320.80 on Friday June 21. The stock may witness some consolidation in the near-term, post which a rally to Rs 395 levels seems possible, chart shows.
Sensex, Nifty trade set-up for Monday, June 24: Daily chart suggests that the rally on the Nifty is showing signs of tiredness; near support seen at 23,400, here's what experts recommend.
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.
Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges
Trade set-up for Friday, June 21: The Sensex and Nifty may seek to extend the winning run to third straight week amid mixed global cues, and renewed buying by FIIs.
ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels
All you need to know before the stock market opens on Thursday June 20: FIIs net bought stocks up to Rs 8,000 crore yesterday; and also turned net long in index futures for the first time since May 28
The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.
As per reports, the GST Council is expected to take up a key amendment that has the potential to resolve the vexatious issue of retrospective taxation for online gaming companies this Saturday.
So far in June 2024, the NSE benchmark has gained more than 1,000 points and hit as many as 30 new highs in less than six months in the calendar year 2024; Here's a chart check on the Nifty 50 index.
All you need to know before the stock market opens on Wednesday, June 19: FIIs up index long futures; Nifty up over 1,000 points so far in June; Voda Idea, Indus Towers stocks in focus today.