Nifty, Bank Nifty, Dr Reddys, Bajaj Auto, Hindalco
Nifty, Bank Nifty, Tata Motors, Indiabulls Housing Finance, HPCL
Nifty, Bank Nifty, Tata Steel, BPCL, HCL Tech
Trend following signals suggest buying the Nifty with a stop at 10,350
Market outlook by Devang Shah
Change in retail sentiment prior to elections could end bubble
Trend following signals are indeterminate in the short-term. The advance decline ratio is nearly flat
Nifty, Bank Nifty, Sun Pharma, Infosys, Coal India
Nifty, Bank Nifty, Mahindra & Mahindra, Aurobindo Pharma, Coal India
A weak Index of Industrial Production for September, and rising retail inflation for October might have been triggers
Nifty, Bank Nifty, ITC, Ambuja Cements, HDFC Bank
The Nifty Bank index is still trending below its all-time high of 25,200
The bounce came from support at 9,675-9,700, which has held on the past two downtrends
The top three winners were IT, Private Bank and Bank with gains of 0.43 per cent, 0.40 per cent and 0.39 per cent, respectively
The sharp downtrend in the past five sessions has led to nervousness. The market moved above 10,175 to generate a new all time high on Tuesday September 19. It has now reacted to test support at 9,718, just before the settlement session. The support at 9,675-9,700 is critical. If that is broken, we will see a pattern of higher highs followed by lower lows. That could indicate a deep downtrend.The projections on the new high indicated that 10,275 was possible. The failure to hit that projection followed by the breakdown below 9,975 implies that this could be a big downtrend. However, if the 9,675 support holds, we will see another phase of range-trading between 9,675 and 9,975. Trend following systems suggest going short, with a trailing stop-loss at 9,900. The background signals are bearish. The VIX has spiked along with the falling price line. The Advance Decline ratio is quite negative. Selling volumes have been high, indicating that supply is increasing. Although domestic ...
The benchmark Nifty 50 on Monday advanced 0.7 per cent to close at a new all-time high of 10,153.1, surpassing previous high of 10,114.6 touched August 1. The 30-share Sensex advanced for an eighth day-its longest unbroken gaining streak since June 2015-to end at 32,423.8, up 151 points, or 0.5 per cent. The index is 151 points below its record level of 32,575 touched on August 1. Certain midcap and small indices of the BSE and the National Stock Exchange (NSE) also hit new record highs.The rally mirrored gains made by Asian and European markets on Monday and positive closing for the US markets on Friday, which helped the S&P 500 and the MSCI World Index hit a new record high.Global investor sentiment has remained positive after no fresh provocations by North Korea. Market players said investors' focus has shifted to the US Federal Reserve's two-day meeting, which begins on Tuesday. Analysts said investors are looking for indications of the next rate hike and the announcement on .
The advance-decline ratio was also very positive, as retail and domestic institutions were also net buyers
Nifty, Bank Nifty, Larsen & Toubro, Ambuja Cements, Infosys
Highest close since August 8 for the 50-share index; pullback led by MF buying
Rallies 26.5% in dollar terms, beating all major developed markets