Cash average daily turnover most in 22 months; BSE sees market-share gains
Trend among these buzzing stocks remain optimistic, as per their respective charts
The overall trend of the stock has been sideways since the end of 2021. However, striking a new all-time high could spark the next rise in the stock.
Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high
For the S&P BSE Sensex and the Nifty50, the 200-DMA is placed at 60,570 and 17,947 levels.
Sectorally, the realty, auto, healthcare and capital goods indices are the top performers so far this fiscal, while the benchmark S&P BSE Sensex has gained around 7 per cent.
When the larger trend is strong, stocks in overbought territory tend to continue perform and stay buoyant in the face of any setback.
Selective rate sensitive stocks may rise up to 12 per cent
Technically, ICICI Bank is poised for an upside up to 10 per cent, while ICICIGI must sustain over the 200-DMA
if the Nifty Midcap index succeeds to absorb selling pressure emerging at current level of 33,000 mark, the probability of breaking out over the previous historic peak of 33,245 becomes more plausible
So far this year, Persistent Systems is the top contender surging close to 30 per cent, while Infosys remains as the top loser, plunging 14 per cent.
Among banking majors, Axis Bank, ICICI Bank, HDFC Bank and State Bank of India (SBI) appear on track to hit new all-time high in the weeks ahead, charts suggest
Technically, stocks inversely proportionate to the benchmark indices' trend are safe to bet during weakness.
Following a sharp reversal at the end of the April series, the BSE Sensex and Nifty 50 took a breather near to their respective the 200-day moving average (DMA) before offering the next leg of upside
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
India, according to them, is among the more sensitive markets to US rates, and demonstrates the most sensitivity to local rates given higher influence of domestic flows into the market
Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.
SATISH RAMANATHAN, chief investment officer for equity at JM Financial Asset Management says the investment firm has increased cash levels marginally across portfolios to ride out the volatility.
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Even though the market appears resilient, bulls are facing major headwinds in the form of sustained selling by FIIs