Page 39 - Market Outlook

Sensex at 86,000; Nifty at 21,800: How foreign brokerages see mkts in 2024

The upcoming general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes

PFC, Yes Bank: Trading strategies for stocks to be added to BSE 100 index

The BSE on Friday announced changes to its Sensex 50, Sensex Next 50 and the BSE 100 index; here's what the charts suggest for select stocks.

Bias for Nifty remains bullish; look to buy on dip, suggest charts

According to Ravi Nathani, an independent technical analyst, substantial resistance for the Nifty can be expected between 20,064 and 20,110.

Axis Bank, Bajaj Fin can dip up to 7%; GIC Hsg likely to gain, show charts

Meanwhile, SBI looks range-bound on charts, while shares of SBI Cards & Payments can pullback up to 7 per cent from present levels.

Samvat 2080: Volatility ahead; Will Sensex top 72K or test 58K first?

Given the recent consolidation in the market, select key indicators are flashing signs of caution, hence the benchmark indices are likely to be volatile going ahead.

Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index faces a formidable hurdle between 52,380 - 52,600; a breakout above this range can trigger a fresh wave of buying.

Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy

According to Ravi Nathani, an independent technical analyst, Nifty Private Bank index can be bought at existing levels, while one should prefer to buy Nifty Financial Services Index on dips.

Upcoming state elections not much of a worry for markets: Analysts

This, they believe, is because the electorate votes differently in state and general elections. On their part, the markets, they said, are only looking for a stable regime and policy continuity.

DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?

Charts suggest that the bias for the realty stocks is likely to remain favourable as long as they hold these key support levels.

Nifty Pharma index needs to breakout above 14,900 for a bullish move

According to Ravi Nathani, an independent technical analyst, the select momentum oscillators on the Nifty IT index have reached oversold zone, thus suggesting a potential rebound in the near term.

Nifty Metal index looks weak on charts; Oil & Gas seems range-bound

Ravi Nathani, an independent technical analyst, recommends initiating short positions on rise on the Nifty metal index with a stop at 6,550.

Nifty Auto, FMCG indices trading range-bound; check breakout levels here

A closing above 51,480 for Nifty FMCG index would indicate a potential surge in buying activities, encouraging traders to consider selling near this mark

India sitting on tsunami of equities; Nifty to double in 5 years: Raamdeo

BS BFSI Insight Summit 2023: India is an extremely well explored market. What concerns me is buying a stock at a reasonable valuation, he said

Max Fin, JSP, Oberoi: Strategy for stocks with highest F&O rollover to Nov

Dr.Reddy's, Apollo Tyres and Jindal Steel are among the five stocks which have seen rollovers of up to 88 per cent to the November series.

Sensex, Nifty in a downward spiral. Are the markets in an oversold zone?

The S&P BSE Sensex has lost nearly 3 per cent thus far in October, and down almost 6 per cent from its 52-week high level of 67927.23 hit on September 15, 2023.

Bajaj Auto, Wipro, Bandhan Bk: Trading strategies in stocks post Q2 results

Charts suggest that Bajaj Auto can potentially rally up to 7 per cent from present levels, while Bajaj Finance, Bandhan Bank and Wipro can tumble up to 21 per cent.

Trading strategies for Nifty Auto, Pharma indices; check key levels here

The Nifty Auto index is exhibiting a bullish trajectory, and can be bought with a stop at 16,436, sugges3ts Ravi Nathani, an independent technical analyst.

Nifty FMCG likely to exhibit bullish bias; Metal needs to clear 6964 hurdle

The Nifty FMCG can potentially rally nearly 2 per cent from current levels, to near about 53,625, says Ravi Nathani, an independent technical analyst.

RIL, ONGC: Keep stocks of these oil explorers on radar as crude prices soar

Charts suggest that shares of oil exploration companies can rally over 16 per cent from present levels.

Q2 impact: Infosys, TCS can fall up to 9%; HCLTech may rise 5%, show charts

IT majors - TCS, Infosys and HCL Technologies flagged concerns of slower growth going ahead after announcing the Q2 results in the last two days.