By booking profits and staying away from the market, investors can avoid potential losses and capitalise on future price fluctuations that may occur, said the technical analyst
According to the technical analyst, Mastek is placed above its 20, 50 and 100 days EMA, while CCL Products' indicators and oscillators have turned bullish on daily and weekly charts
It is recommended that traders adopt a cautious approach while trading in Nifty FMCG index, given the overextended market conditions and the likelihood of a correction in the near term, said analyst
On Tuesday, shares of Nexus Select enjoyed a premium of Rs 5 in the grey market, which translated to a likely listing price of Rs 105 apiece on the upper price brand
By maintaining a strict stop-loss limit and implementing a sell-on-rise approach, investors can navigate present market trends with ease and mitigate potential losses, said the technical analyst
The S&P BSE Sensex recouped 817 points or 1.3 per cent from Friday's low to claim day's high of 61,832, whereas the NSE Nifty index recovered 224 points or 1.2 per cent to hit day's high of 18,279
The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators
According to the technical analyst, the indices current market price, and identified short-term bullish trend, presents an opportunity for investors to potentially generate positive returns
Britannia Industries Q4 preview: Though higher advertising spends may have some impact on EBITDA margins sequentially, price hikes would help expand margins up to 231 basis points (bps), said analysts
Nifty Auto, and Nifty FMCG indices are likely to face resistance in the near-term, hence the best trading strategy to adopt is to sell-on-rise, said the technical analyst
At the bourses, shares of Hero MotoCorp have declined over 8 per cent so far this calendar year (CY23), as against 0.8 per cent rise in the S&P BSE Sensex
In an exclusive conversation, Jaspreet Singh Arora, CIO, Research & Ranking, shares his views on markets, sectoral outlook, themes to bet on in FY24, and more
According to the technical analyst, Mastek resumed its uptrend after running correction from recent swing high, whereas shares of Metro Brands broke out from multi-week consolidation
Given the current market conditions, the best trading strategy for traders would be to buy the Nifty IT Index near the support levels and sell it near the resistance levels, said the technical analyst
In the past six months, QSR-companies like Devyani International, Jubilant Foodworks, Restaurant Brands Asia, and Sapphire Foods, have tanked up to 26 per cent
According to the technical analyst, traders are highly recommended to accumulate the Nifty and its underlying constituents during any dips, preferably near the support levels
The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route
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IT services firm initiated a similar programme in 2020 worth Rs 9,500 crore
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