Page 7 - Stock Market Trading
Charts suggest a pullback is likely for Nifty in near-term: Ravi Nathani
According to the technical analyst, the Nifty index exhibits an imminent pullback in the near-term post an oversold disposition
 "Charts suggest a pullback is likely for Nifty in near-term: Ravi Nathani")
Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%
In past 2 days, DLF surged 9 per cent after the company said it has sold 1,137 luxury apartments, priced Rs 7 crore and above, in its housing project in Gurugram for over Rs 8,000 crore within 3 days.
 "Nifty Realty index gains 3%; DLF, Prestige Estates, Lodha surge up to 5%")
Sterling Tools hits 5-year high, surges 10% on strong business outlook
EV penetration in 2W and 3W is expected to increase at a fast rate over the next few years which augurs well for the company's growth.
 "Sterling Tools hits 5-year high, surges 10% on strong business outlook")
TCS down 1%, hits 4-month low day after CEO & MD Rajesh Gopinathan resigns
The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.
 "TCS down 1%, hits 4-month low day after CEO & MD Rajesh Gopinathan resigns")
Wipro hits 52-week low amid revenue growth worries; down 38% in one year
The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.
 "Wipro hits 52-week low amid revenue growth worries; down 38% in one year")
Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days
At 09:38 AM; Reliance Industries' market-cap stood at Rs 14.94 trillion on the BSE, the exchange data shows.
 "Reliance market-cap falls below Rs 15 trillion; stock down 9% in six days")
Samvardhana Motherson tanks 9% after 5% equity change hands via block deals
Till 09:18 AM; around 305.61 million equity shares representing 4.5 per cent of total equity of Samvardhana Motherson had changed hands on the NSE.
 "Samvardhana Motherson tanks 9% after 5% equity change hands via block deals")
Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
 "Bank Nifty, Private Bank indices remain bearish on charts: Ravi Nathani")
Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order
The total quantity of forged wheels to be supplied will be around 1.54 million wheels over a period of 20 years.
 "Ramkrishna Forgings surges 9% on emerging lowest bidder for Railways order")
Can a Fed rate hike slowdown trigger global equity markets rally?
Only if more skeletons don't emerge from the closet
 "Can a Fed rate hike slowdown trigger global equity markets rally?")
Infosys hits five-month low; stock down 10% in one month
In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.
 "Infosys hits five-month low; stock down 10% in one month")
Ravi Nathani recommends to buy IT, FMCG stocks on dips; Avoid metals
With an view to capitalize on a potential technical bounce, the technical analyst advises traders to adopt a buying strategy near the support price.
 "Ravi Nathani recommends to buy IT, FMCG stocks on dips; Avoid metals")
Fed may not pause rate hike cycle despite SVB crisis: Nomura
US inflation, Nomura said, is still elevated and the Fed will look to bring it down going ahead.
 "Fed may not pause rate hike cycle despite SVB crisis: Nomura")
Mahindra CIE tanks 9% after block deal of 6.2% equity
At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.
 "Mahindra CIE tanks 9% after block deal of 6.2% equity")
NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
 "NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them")
SVB shares halted for pending news after sinking another 69% premarket
Adding to SVB's woes, venture capitalists including Peter Thiel's Founders Fund urged portfolio businesses to limit their exposure to the firm
 "SVB shares halted for pending news after sinking another 69% premarket")
IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
 "IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility")
Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook
On March 1, the consortium of Titagarh Wagons and Bharat Electricals (TWL-BHEL Consortium) emerges as the 2nd Lowest Bidder (L2) for manufacturing cum maintenance of Vande Bharat Trainsets.
 "Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook")
Charts signal bearish trend for Nifty Pharma in near-term: Ravi Nathani
According to the technical analyst, traders must adopt 'sell-on-rise' strategy for Nifty Pharma, Nifty Energy, and Nifty Midcap 100 indices
 "Charts signal bearish trend for Nifty Pharma in near-term: Ravi Nathani")
Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?
Analyst recommends investors should wait for some constructive growth direction before venturing into the Group stocks.
 "Adani Enterprises, ACC: Time to sell Adani group stocks after a sharp run?")
