Page 45 - Market Outlook

Nifty Pvt Banks index may weaken; avoid shorting PSU Bank index

According to Ravi Nathani, an independent technical analyst, the short-term trend for the Nifty PSU Bank Index is bullish, indicating a positive outlook in the near term.

How to play the artificial intelligence theme in markets the Chris Wood way

That said, Chris Wood believes that the 'picks and shovels theme' for AI remains the most compelling story for now, which is why Nvidia remains his core holding despite valuation at 41x sales.

There two NSE indices look bullish on charts amid market volatility

Considering the bullish trend in the Nifty Energy Index, the recommended trading strategy would be to buy on dips

Nifty FY24 earnings growth at 20% to outperform most Asian peers: Jefferies

Among sectors, Jefferies expects the consumer discretionary and staples sectors to see a margin expansion of 2.4 / 0.7ppt in FY24.

Nifty Pharma index may correct in near-term, downside target seen at 12,700

The Nifty Pharma Index is currently trading at a CMP of 12,976.80. The index is expected to undergo a consolidation phase with a negative bias

Nifty Auto index in 'overbought' zone, time to book profit, suggest charts

At current levels, charts suggest booking profits or even consider short-selling in Nifty Auto index. Support levels on the charts are expected around 13,900 and 13,500

El Nino biggest immediate risk for the markets; not priced in yet: Analysts

Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.

Sensex climbs 240pts, Nifty ends near 18,600 on firm global cues; M&M up 4%

Stock market live updates: The SGX Nifty, on Monday, eyed a steady start amidst positive global cues as it rose over 50 points to 18,717 levels

Indian markets have limited upside in the near-term; buy the dips: Nomura

Nomura prefers domestic-oriented sectors and companies over exporters, and prefers stocks that provide valuation comfort

Weekly F&O Expiry: Nifty could gyrate between 18,475-18,575 on Thursday

Meanwhile, the Bank Nifty may face resistance around 44,300 - 44,350 zone today.

Nifty Realty chart indicates likely trend reversal, may slip up to 415

Meanwhile, the Nifty Pharma chart too is flashing caution signal for traders as it too could reverse, says Ravi Nathani, an independent technical analyst.

Corporate earnings growth to drive the next leg of market rally: Analysts

While consensus earnings growth expectations for Nifty50 at 8.6% for FY23 have come down from over 11% at the start of the year, FY24 expectations at 19.2% YoY remain broadly stable

Nifty FMCG index likely to face stiff resistance at 51,000

Meanwhile, charts suggest that the Nifty Metal index too may be due for a reversal or consolidation, says Ravi Nathani, an independent technical analyst.

Look to sell Nifty Financial Service, PSU Bank indices on rise

According to Ravi Nathani, an independent technical analyst, the Nifty Financial Service Index is currently trading near the higher end of the anticipated trading band of 19,100 - 19,650.

Nifty at 18,500; Charts hint breakout on cards?

Meanwhile, charts suggest that the Bank Nifty is sustains above 44,140 can rally to 45,000 - 45,300 levels says Ravi Nathani, an independent technical analyst.

Sensex at 100,000? It's possible, believes Chris Wood of Jefferies

The target implies an upside of nearly 62 per cent from the current levels. Wood believes that India remains the best structural story across world markets.

F&O Strategy: Adopt Bull Spread Strategy for PFC, suggests HDFC Securities

Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities, recommends to buy 170 call option of PFC & simultaneously sell 180 call option of June series

Nifty Energy, Commodities indices may languish in near-term, show charts

According to the technical analyst, traders must adopt 'sell-on-rise' strategy for both Nifty Energy, and Commodities indices

Nifty Pharma index looks weak on charts; support at 11,700-11,800 levels

Sell the Nifty Pharma index and its constituents and book profits, as the index has been underperforming in recent days

Nifty FMCG, Auto indices likely to underperform in near-term, show charts

The Nifty Auto index is expected to underperform in the near future, and the current rally provides an opportune moment to sell the index and its constituents