Market moving average

With the storm raging in the Indian equity space through the past six to nine months, the benchmark indices have gone into a tailspin. The market is singed by an unabated flight of capital by foreign portfolio investors, economic challenges, and geopolitical uncertainties. The benchmarks are trailing more than 16 percent from their all-time highs scaled in October 2021. The 30-share BSE Sensex has lost close to 16 percent from its peak while the widely tracked Nifty 50 has tumbled nearly 18 percent from its all-time high. So far in 2022, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. The kind of beating suffered by stocks across sectors can be gauged from the fact that more than 85 percent of them from the universe of BSE 500, which is a collection of biggest companies in the country, are trading well below their 200-day moving average (DMA). Now what is this 200 DMA and what does it indicate? Close … [Read more...] about As 85% stocks from BSE 500 trade below 200-day average, experts advise caution

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The ongoing downturn in the domestic stock market has seen nearly 83 percent of the stocks forming the Nifty 500 index, a collection of the biggest companies in the country, deliver flat or negative returns in 2022 so far. Many of these stocks are hovering below their 52-week lows and their 200-day moving average (DMA), data compiled by Moneycontrol showed. So far this year, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. Companies that have seen the most erosion in their stock prices since the start of this year include Dhani Services , Solara Active Pharma , Brightcom Group , Indiabulls Real Estate , Metropolis Healthcare , Hikal , Indiabulls Housing Finance , Dilip Buildcon , Welspun India , Nazara Tech , … [Read more...] about Bear Market Woes: 83% of Nifty 500 stocks give negative returns in 2022

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × In this week, the Nifty has formed Lower Top, Lower Bottom formation, however, till now it looks like Hammer candle pattern which indicates strong demand at lower levels. On the daily charts, the Nifty is taking strong support at 16,240 which is a cluster of support zone (20 days simple moving average-SMA, multiple touch points). The Nifty has formed CIP formation (Change in Polarity) at 16,240 levels indicating strong support zone at 16,250 levels for the short to medium term. On the indicator front, the relative strength index (RSI) plotted on the daily charts is sustaining at 50-mark and moving towards up side which shows positive momentum for the short term. The Nifty has an immediate resistance placed at 16,610 and 16,800 followed by 17,000 levels. The downside support for the index … [Read more...] about Hot Stocks | Max Financial, TVS Motor, ICICI Prudential can give double-digit returns in short term, here’s why

Shares of the digital transaction giants have plummeted in reaction to fallout from the coronavirus pandemic, which will sharply lower volumes in the first and second quarters. Two elite members of this group have held long-term uptrends and reached deep support levels , while the third has already entered bear market territory. The prognosis looks poor for the entire group, but a little good news could go a long way in alleviating the deteriorating outlooks. These companies depend on healthy consumer and business spending because they make their money by taking a little bite out of each transaction. In turn, that makes them highly vulnerable to periods of economic stress and contraction when everyone is hoarding capital to save for tough times. While the boom in card-less processing has eased some of this burden, it won't save these issues from a recession or depression. Visa Inc. ( V ) stock has been engaged in a powerful uptrend since bottoming out near $10 in March … [Read more...] about Digital Payment Stocks Could Enter Bear Markets

Dow component American Express Company ( AXP ) broke out to an all-time high in April, just a few days after beating first quarter earnings per share (EPS) estimates by $0.04 and reaffirming 2019 guidance . A series of analyst upgrades has followed in May and June, adding to relative strength, which has also benefited from speculation the financial giant will eventually merge with The Goldman Sachs Group, Inc. ( GS ). American Express stock has now lifted into the sixth slot in Dow component performance, just two clicks below rival Visa Inc. ( V ). Amex underperformed Visa and Mastercard Incorporated ( MA ) for years but has played an admirable game of catch-up since 2017 and is now matching the upside of its rivals, point for point. This bodes well for healthy returns in the new decade, which should also benefit from the company's broader product catalog and more affluent customer base. AXP Long-Term Chart (1990 – 2019) The stock completed a double bottom … [Read more...] about American Express Stock Lifts Into Market Leadership

- A + A HONG KONG (June 22): A world economy already contending with raging inflation, stock-market turmoil and a grueling war is facing yet another threat: the unraveling of a massive housing boom. As central banks around the globe rapidly increase interest rates, soaring borrowing costs mean people who were already stretching to buy property are finally reaching their limits. The effects are being seen in countries such as Canada, the US and New Zealand, where once-hot residential real estate markets have suddenly turned cold. It’s a sharp reversal from years of surging prices fueled by rock-bottom mortgage rates and government stimulus, along with a pandemic that popularized remote work and sent homebuyers on the hunt for bigger spaces. An analysis by Bloomberg Economics shows that 19 OECD countries have combined price-to-rent and home price-to-income ratios that are higher today than they were ahead of the 2008 financial crisis — an indication that prices have … [Read more...] about World’s bubbliest housing markets are flashing warning signs

Share to Twitter Share to Linkedin Topline Stocks fell slightly on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, while Federal Reserve Chair Jerome Powell pledged that the central bank is “ strongly committed ” to raising rates until inflation moderates. Key Facts Markets finished lower in choppy trading: The Dow Jones Industrial Average fell 0.2%, less than 100 points, while the S&P 500 lost 0.1% and the tech-heavy Nasdaq Composite 0.2%. The Dow was down by as much as 400 points but stocks pared back losses following comments from Fed Chair Powell, who said the central bank is “determined to take the measures necessary to restore price stability” and that “ongoing rate increases will be appropriate.” Citigroup became the latest Wall Street bank to increase its recession odds, meanwhile, forecasting a 50% chance of a downturn as consumer demand “looks to be … [Read more...] about Stocks Fall After Powell Pledges More Big Rate Hikes To Combat Inflation

Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile. MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier gains to be mostly flat in Asia trade. Stocks in South Korea were off, while Japan's Nikkei was broadly unchanged. Hong Kong's Hang Seng Index climbed 0.6%, following the news that Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and fintech sector. Overnight, the dollar fell alongside U.S. Treasury yields after Fed Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee, acknowledged a recession was "certainly a possibility", but the Fed is not trying to engineer one. A Reuters poll showed the Fed will deliver another 75-basis-point interest rate hike in July, followed by a … [Read more...] about Asia shares struggle, oil falls as recession fears linger

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market seems to be oversold and hence it snapped six-day losing streak with support from FMCG, and IT stocks and the HDFC twins on June 20. The BSE Sensex gained more than 200 points to close at 51,598, while the Nifty50 defended its Friday's low of 15,183 and rose 57 points to 15,350. However, auto, metal, realty and select banks stocks remained under pressure. The broader markets also stayed under control of bears on weak breadth. The Nifty Midcap 100 and Smallcap 100 indices fell 2.3 percent and 3.2 percent respectively as about six shares declined for every share rising on the NSE. India VIX, the fear index that measures volatility in the market, fell by 1.51 percent to 22.41 levels, indicating that the market was volatile and in favour of bears. Stocks that were in action and … [Read more...] about Trade Spotlight | What should you do with Pidilite Industries, Hindustan Unilever, HDFC on Tuesday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × During this week, the Nifty has given a range breakout of 15,730–16,400, forming for three weeks. The index has formed higher tops and higher bottoms. On the daily charts, it has sustained above the 16,400-mark for four days, showing a positive undertone. On the indicator front, the relative strength index (RSI) plotted on the daily charts is holding above the 50 mark and making higher top, higher bottom formation, which shows positive momentum in the short term. The immediate resistance is at 16,700 and 16,975 followed by 17,132. The downside support for the Nifty is at 16,370, 16,000 and 15,671 levels. The Nifty is in a bounce-back mode. If it sustains above 16,700, it will move towards 16,975 in the coming days. Our positive view will be negated if it lips below 16,370. Here are … [Read more...] about Hot Stocks | Reliance Industries, M&M, Bharat Electronics can give 11-19% return in short term, here’s why