Page 42 - Market Outlook

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

Nifty 50: 3 ways in which the index could move, near-term target & more

The expectation is that the Nifty50 index will continue to perform well in the short and medium term, with the potential for reaching new highs

Nifty Private Bank index may spurt up to 25,525; Look to buy the dips

According to Ravi Nathani, an independent technical analyst, traders can keep a stop at 22,800 while taking a long position in the Nifty Private Bank index.

Trading guide for Nifty Pharma, Media indices for the near-term

According to Ravi Nathani, an independent technical analyst, the Nifty Pharma and Media indices are likely to consolidate, with the latter likely to trade with a negative bias.

Nifty Media index needs to cross this hurdle to see next leg of rally

The recent rally in the Media index has propelled it closer to the resistance level of 2,300. This resistance level is anticipated to act as a formidable barrier for bullish momentum

Paytm, Zomato: Analysts cautious on new-age stocks on expensive valuations

Zomato, for instance, has been the only new-age company which has achieved profitability in the April-June quarter (Q1) of the current financial year (FY24)

Nifty PSU Bank index forms 'lower top, lower bottom' formation on charts

Traders can capitalise by selling the index and its constituents on any intermittent rise

Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%

Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each

F&O Strategy: Bear spread on Bank Nifty, suggests HDFC Securities

RSI has fallen below benchmark level of 50 for Bank Nifty, indicating a bearish trend, says Nandish Shah of HDFC Securities

Nifty Energy paves way for positive breakout; adopt buy-on-dips strategy

According to Ravi Nathani, an independent technical analyst, charts reveal an encouraging trend for Nifty Energy index, signaling a positive breakout

RBI policy: Can higher inflation become the new normal for the markets?

The upward revision in RBI's inflation projection, analysts suggest, implies that the central bank is likely to keep the rates elevated for a longer period of time than what the Street expected.

Nifty Pharma nears overbought zone after it scales record high, show charts

According to Ravi Nathani, an independent technical analyst, said that Nifty Pharma's recent surge to all-time high signals strong positive sentiment, but proximity to overbought levels needs caution