ACE is seen testing its 200-DMA after 2 years, while TMB after 5 months; rest of the smallcap stocks were consolidating around the 200-DMA for more than a month now; check bullish, bearish stocks here
Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.
Derivatives market update for Sept 10: IndiaMart InterMesh, HUL and Sun TV saw long buildup on Monday; while PFC, RECL and Granules India saw shorts added.
The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.
The Nifty weekly chart saw formation of a 'Bearish Engulfing' pattern last week; earlier the monthly chart saw 'Hanging Man' structure. Both patterns technically indicate a likely trend reversal.
Retail investors hold up to 45.5% stake in these 3 stocks which have under-performed thus far in 2024. What should be your trading strategy here? Find out
Silver futures had gained 2 per cent in Thursday's trading session amid rise in the US yield.
Technical chart shows that MFSL stock is facing some resistance around Rs 1,140 level; while the short-term trend may turn cautious, the overall trend seems positive; check key levels here.
Derivatives market update for Sept 06: The Nifty PCR dipped from 0.74, while Bank Nifty to 0.78; reflecting a cautionary trend said Dhupesh Dhameja of SAMCO Securities. Max Financial see short buildup
Suzlon the multibagger stock: In the last 18 months Suzlon has spent notable time below its 20-DMA only on four occasions; Chart suggests the stock could correct up to 25% from present levels.
Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.
Derivatives market update for Sept 05: The Put-Call Ratio dropped from 0.96 to 0.82, reinforcing the dominance of call writers and a cautionary trend; 25,150 remains a key level for the Nifty, says Dh
The Nifty IT Index is currently displaying signs of nearing a critical resistance level. The immediate resistance level to watch is 43,200
The con began with scammers posting fake advertisements on social media platforms like Facebook, Instagram, and X (formerly Twitter)
NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.
Short-term share market forecast: Among sectors, the Nifty PSU Bank, Metal and IT indices could fall up to 7 per cent from present levels; Bullish pivot for Nifty stands at 25,030.
The Nifty PSU Banks Index is currently range-bound, oscillating between the levels of 7,090 and 6,910. This indicates a phase of consolidation, where the index lacks clear direction
The run up in the markets in the past few months has made valuations expensive, analysts said, who now expect the rally to take a breather for the next few months as corporate earnings catch up.
ICICI Bank stock has gained 31% in the last 9 months, while Zee has crashed 50% thus far in 2024. Both stocks could see a role reversal going ahead provided these levels are taken out, suggest charts.
Oil recorded its first back-to-back monthly decline amid signs of sluggish demand in China and the United States raised concerns about future consumption growth.