The near-term bias for HDFC Life and LTTS is expected to remain upbeat as long as the stocks trade above Rs 643 and Rs 5,090 levels; suggests the technical charts.
Technically, a Death Cross pattern implies bearish implications; Chart shows that RVNL, TVS Motor and HFCL could slide up to 25 per cent from present levels.
Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.
Meanwhile, NSE F&O data shows that FIIs were net sellers in Nifty futures for the sixth straight trading session on Tuesday, with net sales of 70,318 contracts in this period.
Stock Markets Today, Jan 15: 24 companies are scheduled to report their Q3FY25 results today, including Ceat Q3 results, HDFC Life Q3 results, LTTS Q3 results, and Bank of Maharashtra Q3 results
Siemens stock outlook: This stock from the engineering and capital goods industry could slide by another 18% if the key supports at Rs 5,600 and Rs 5,400 are violated shows technical chart.
The overall market trend has been negative with over 60% of the Nifty Mid- and Small-Cap stocks now trading below the long-term moving averages; however, these 5 stocks continue to buck the trend.
"Retail investors may show some of their usual chutzpah and buy stocks aggressively, buying on dips has been the common mantra so far, but that would be comical," the note said
Stock markets: Analysts see a slow pace of recovery for the India stock markets, with Trump's Presidency and the Union Budget 2025, back home, holding the key to the recovery in investors' portfolio
The Nifty SmallCap and MidCap indices have plunged up to 7% thus far in 2025 as against a near 2% fall in the Nifty 50 index. Chart shows broader indices on course to test multi-month support levels.
The near term bias for Nifty is likely to remain negative as long as the index remains below 23,660 - 23,940 resistance zone, shows the technical chart.
Retail investors most bullish in last 7 months, with long-short ratio in index futures at 5:2. On the other hand, FIIs hold 5 bearish bets in index futures for ever long trade; shows NSE F&O data.
The two key market indices, the Nifty 50 and Sensex, peaked on September 27 and are down 11 per cent now
Stock Market Highlights: Indian markets declined for the second consecutive session, ending the week on a negative note on Friday. The 30-share Sensex slipped 241.30 points or 0.31 per cent
Hero Moto, Tata Motors and Bharat Forge are the worst hit as shares trade at over 20% discount against the long-term moving average. Maruti, Bosch, Bajaj Auto stock could dip another 11%.
Analysts suggest, the markets are worried about implementation of protectionism measures by the new leadership in the US and evolving deflationary conditions especially in China.
Goldman Sachs, Bernstein, CLSA and Jefferies have retained their positive rating on RIL and believe the selling in the stock is overdone at present levels.
Reliance Industries stock was seen testing the 10-year support indicator around Rs 1,200 levels for the last two months; the stock has now gained over 5% from the lows, will the rally continue?
Stock Market Highlights, January 8, 2025: The benchmark equity indices showed great resistance on Wednesday as the BSE Sensex reovered around 650 points from its day's low to settle at 78,141.06, down
A weekly close below the 50-WMA, shall open the doors for a likely slide towards 22,275 on the Nifty. Sensex likely to test 75,200 in the near-term.