Page 40 - Market Outlook

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.

Nifty Pharma, Metal: Key levels to watch out on these range-bound indices

According to Ravi Nathani, an independent technical analyst, Nifty Pharma index is oscillating between 15,450 and 15,000; whereas, the Metal index is moving in a range of 6,900 to 6,600.

Support for Nifty shifts higher to 19,480; resistance seen at 19,766

Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Gujarat Alkalies and MSTC.

Nifty FMCG, Auto: Charts indicate divergent trend for these two indices

According to Ravi Nathani, an independent technical analyst, Nifty FMCG index stands resilient, and promises potential gains in this nuanced market landscape.

Paytm, Sun Tv, Prestige: 5 stocks where the momentum has turned favourable

Among the key momentum oscillators, the 14-day RSI, MACD and Stochastic Slow on selective basis have turned positive for these five stocks.

Markets in a correction mode: It's your portfolio. Make it large!

The run-up in the markets in these last few months, analysts at HSBC said, has made investors nervous about the markets amid multiple headwinds

Trading strategies for stocks that doubled your money in 2023

1 out of every 25 shares from the Nifty 500 index has more-than-doubled investors wealth in 2023 so far, with Apar Industries, Mazagon Dock and JBM Auto as the top movers.

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.

Nifty FMCG, PSU Bank indices: Near-term trading strategies

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index seems range-bound, while one can adopt a 'sell on rise' strategy for the PSU Bank index.

Nifty Pvt Bank index to remain bullish as long as it holds 22,770

According to Ravi Nathani, an independent technical analyst, the interim support levels for the private bank index are placed at 23,420, 23,120, 22,900.

Sensex, Nifty in correction mode; Watch out for these key levels

On Wednesday in intra-day deals, the S&P BSE Sensex was down 660 points at 66,935, while the Nifty50 had shed a per cent or 190 points to 19,944.

Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart

HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark.

Micro, macro and geopolitical factors favouring Indian markets: Ajay Saraf

Markets activity will be robust but be careful around large events, says the head of Investment Banking and Institutional Equity at ICICI Securities

Amber, FSL, Balaji Amines: 5 smallcap stocks that can fall up to 14%

Despite the recent downturn, the broader trend for the Nifty SmallCap index is likely to remain positive as long as the index holds above the 12,050-level.

Mid, smallcap indices hit record high. Why are markets ignoring oil prices?

India has been substituting expensive crude oil with cheaper imports. This has helped keep inflation-related concerns triggered by rising oil prices at bay

Hold Nifty Longs with stop loss of 19,400, says HDFC Securities

At present, more than 87 per cent of stocks are trading above their 200-DMA in NSE500, which indicates strong market breadth

FMCG index may see pullback rally; Metal index ripe for profit booking

In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175

What's behind the rally in PSU stocks, and will the uptrend last?

The S&P BSE PSU index has surged over 26 per cent so far in FY24 as compared to 11 per cent up move in the benchmark S&P BSE Sensex.

Will the Nifty Metal index sustain its upward momentum? Check here

While the Nifty Metal index seems headed towards its crucial resistance zone, select stocks such as Hindalco, Nalco and SAIL still have the potential to rally up to 15 per cent, charts suggest.

Rally in Nifty PSU Bank index might lose stream as it nears resistance zone

Only when the index manages to close 4,680 level, it could signify a breakout on the charts, potentially opening the door to further gains