Investors lost nearly Rs 4,570 crore as Paytm shares tumbled 27% against its issue price post listing. Is there more downside to this fall? Can Paytm shares swing to profit? Let's find out
The breakout of "Inverse Head and Shoulder" for the Nifty Auto index hints at bullish scenario for auto stocks, provided the overall market momentum says strong
Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high
Trading strategies for stocks that are buzzing at the bourses today
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
Share of Asian Paints and Berger Paints recorded new all-time highs in trade on Thursday
The overall sentiment towards broader market stocks has been favourable with the small-cap index closing in the green for four consecutive months
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
Titan Company needs to decisively cross and sustain above Rs 1,500 levels, supported by volume, to attract the interest of market participants
An up move above 26,000 levels may trigger a rally towards 27,000-mark in the Nifty IT index
Analysts prefer stocks trading above the 200-DMA, since they tend to perform better in a trending market. Risk management, hence, becomes comparatively easier
HDFC Life is continuously holding the support of 50-DMA, currently place at Rs 702 mark
A breakout may lead the stock to Rs 480 and Rs 500 levels
Major paper stocks have managed to conquer their resistance levels and indicate a rising trend from a medium-term perspective
With a strong gap-up on March 2, 2021, BPCL stock is near the resistance range of Rs 481 to Rs 483 levels
With a strong up move on March 1, 2021, the stock of Sun Pharmaceuticals now needs to cross the resistance of Rs 620 mark to see a breakout rally towards Rs 640 and Rs 655 levels
The technical outlook continues to show more upside in these stocks
Markets have been volatile since the past few sessions with the S&P BSE Sensex giving up the 52,000 levels after a record run since March 2020 low
The middle EMA acts as support/resistance level in Keltner Channel
HDFC and HDFC Bank are expected to perform better in coming months as per the charts.