Midcap

Sharad Shah Sharad Shah is a rare or perhaps near extinct species in the Indian stock market: the permabear. And unlike most traders of his vintage, he makes no bones about his market strategy, short selling stocks. A stock market player for nearly 40 years now, Shah is considered something of a maverick by those who know him. Many of his contemporaries find him too outspoken and even loud, but Shah is not the one to mince words. His trading style, or rather his investment ideology, if one can call it that, has landed Shah in trouble quite a few times in the past. Angry promoters have complained about him to the regulator, to investigative agencies, to the cops. Some threatened him with violence for short selling their stocks, and a few others even made good on their word. Not that it made any difference to Shah’s worldview of the stock market. With shares now in a freefall, Shah feels his theory has been vindicated, and it is payback time. Benchmark indices are down close to 15 … [Read more...] about Long story short: More pain ahead in midcaps, smallcaps, says veteran trader Sharad Shah

The downward trend continued on Dalal Street for the fourth consecutive session on May 11. More than 260 stocks on the BSE hit 52-week low and the number of stocks at lower circuit were significantly higher than the stocks that hit upper circuit. Endless Ukraine-Russia war igniting inflation concerns and growth worries, faster policy tightening approach adopted by several central banks, including Federal Reserve, the beginning of rate hike cycle in India, consistent FII selling, rupee depreciation, and inflation concerns visible in corporate earnings are some of the reasons for the nervousness among the investors. The BSE Sensex fell below 54,000-mark in the morning but later pared losses to trade 276 points lower at 54,088. Meanwhile, the Nifty50 briefly traded below the psychological 16,000-mark but recouped some of losses to trade at 16,167, down 73 points. The benchmark indices have now fallen more than 10 percent each from the closing high of April 4. Meanwhile, the BSE … [Read more...] about More than 260 stocks hit 52-week low, 450 stocks hit lower circuit today

Indian stocks remained under selling pressure for the second consecutive week and lost nearly 4 percent amid high volatility. Weak global markets, continued FIIs selling, soaring inflation, rising bond yields and expectations of further monetary tightening by the global Central Banks remained big concerns for investors. For the week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. In the month of May so far, Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices ended in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. “Monday’s session started on a nervous note as global sentiments remained nervous … [Read more...] about More than 250 smallcaps witness double digit fall as market tanks nearly 4%

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market extended losses for the third consecutive session and closed at a fresh two-month low on May 10, following weak trend in Asian counterparts. The BSE Sensex fell more than 100 points to 54,365, and the Nifty50 corrected over 60 points to 16,240, the lowest closing level since March 8. The major loser in Tuesday's trade was Nifty Metal that plunged 5 percent, while the IT index was the second biggest loser, down 1 percent dragged by weakness in global tech stocks. The broader space was heavily under selling pressure with the Nifty Midcap 100 and Smallcap 100 indices declining around 2 percent each. More than four shares declined for every share rising on the NSE. The volatility also remained on the higher side, holding above the crucial 22 levels, indicating volatile swings in the … [Read more...] about Trade Spotlight | What should you do with GNFC, PVR, Eicher Motors today?

The market breadth was in favour of bears as four-and-half shares declined for every share rising on the NSE. The Nifty50 on May 11 failed to hold on to the early rebound and traded lower for a major part of the session amid volatility, continuing the downtrend for the fourth consecutive session. Auto, technology, and FMCG stocks were under pressure. The index smartly defended the psychological 16,000 mark and recouped more than 170 points from the day's low to form a bearish candle which resembles the Hammer kind of pattern on the daily charts. The Hammer is a bullish reversal pattern formed after a decline. It consists of no upper shadow, a small body, and a long lower shadow. The long lower shadow signifies the stock bounced back after testing its support, where demand is located. Experts say generally such pattern formation is an indication of some kind of pullback rally but only if the coming session closes on a strongly positive note. The volatility index climbed … [Read more...] about Technical View | Nifty forms Hammer pattern, pullback trade likely

Trade Spotlight Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market was about to snap a four-day losing streak as it opened higher and traded strong but the correction in the last hour due to Ukraine war wiped out all gains and finally benchmark indices lost more than one percent, continuing southward journey for the fifth straight session. Most sectoral indices were caught in a bear trap with IT and FMCG being prominent losers with around three percent loss. Bank, auto, financial services, metal and pharma indices were down one to two percent. The BSE Sensex plunged more than 700 points to 56,463 and the Nifty50 closed below the psychological 17,000 mark, falling more than 200 points to 16,959. The broader markets were also under pressure with the Nifty Midcap 100 index losing 1.4 percent and Smallcap 100 index declining … [Read more...] about Trade Spotlight | What should investors do with Apollo Hospitals, MRPL, Minda Corporation, Genus Paper, Vaishali Pharma on Wednesday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market fell for the fourth straight session despite positive global cues, though there was smart recovery of 1 percent from the day's low on May 11. The BSE Sensex corrected more than 270 points to 54,088, while the Nifty50 strongly defended psychological 16,000 mark and closed with 73 points loss at 16,167. The broader space was also under pressure with small-caps being hit hard driving the Nifty Smallcap 100 index down nearly 3 percent, while the Nifty Midcap 100 index was down four-tenth of a percent. Technology, auto, and FMCG stocks pulled the market down, whereas banking and financial services stocks capped losses. Stocks that were in action include Gujarat Gas , SRF , and Navin Fluorine International which bucked the trend, and were among the top five gainers in the … [Read more...] about Trade Spotlight | What should you do with Gujarat Gas, SRF, Navin Fluorine International today?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market is almost flat so far in current calendar year with the Nifty50 rising seven-tenth of a percent, against more than 24 percent jump seen in previous year. Elevated commodity prices due to supply concerns, margin pressure in corporate earnings, Ukraine-Russia crisis, heavy FII outflow, and expected 6-7 rate hikes by Fed this year weighed on the market. The broader markets have also seen similar kind of performance with the Nifty Midcap 100 rising more than a percent and Smallcap 100 index falling nearly 5 percent in 2022. Among sectors, Energy (up 24 percent), Metal (up 20 percent), and Oil & Gas (up 12 percent) were the biggest gainer, followed by Bank, FMCG, and Infra. IT was the biggest loser (down 11 percent), followed by Auto, Pharma and Realty. Stocks have been in … [Read more...] about What should investors do with Adani Green, Sharda Cropchem, Bharat Dynamics and GNFC, which rallied the most in 2022 so far?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market closed sharply higher for the first time in six consecutive sessions on April 20, backed by auto, cement, FMCG, technology, pharma stocks, and index heavyweights Reliance Industries and HDFC twins. The BSE Sensex gained nearly 600 points to close above 57,000, and the Nifty50 climbed 178 points to 17,136 levels, but there was a mixed trend in the broader space as the Nifty Midcap 100 index gained 0.75 percent and Smallcap 100 index declined 0.2 percent. The market breadth was almost equal as 968 equity shares advanced against 953 declining shares on the NSE. Stocks that were in action include ACC which was the biggest gainer in the futures & options segment with 7.38 percent gains at Rs 2,208; Biocon which was the third largest gainer in the derivatives segment with 4.3 … [Read more...] about Trade Spotlight | What should investors do with ACC, Biocon, Vinati Organics, Astral, Fineotex Chemical on Thursday?

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Nandish Shah, Senior Derivative & Technical Analyst at HDFC Securities The Nifty broke the six-day losing streak on Monday, when it rose 60 points to close at 15,842 levels. After a lower opening, the benchmark index recovered during the day led by banking and realty stocks. The Nifty made triple bottom around 15,735 levels and formed higher low as compared to 15,671 low made in March 2022. It formed Doji candlestick pattern on Monday which indicates indecisiveness. If the Nifty closes above Doji candle stick pattern's high of 15,978, the level which coincides with the 5 days EMA (exponential moving average) also, it would be considered as a bullish short term trend reversal. First sign of short covering is seen by FIIs in the Index futures segment on last Friday where their long to … [Read more...] about Hot Stocks | ICICI Securities, Lemon Tree Hotels, Bharat Electronics may fetch up to 13% in short term. Here’s why