The index has formed a bearish candlestick pattern on a weekly time frame suggesting selling pressure on the higher side until the top of this pattern (9,550) is breached decisively. As India VIX is trading at 38, which is above its 10 DMA, we expect the market to be choppy and volatile in the near term. At the same time, weekly Heiken-Ashi Candle, the small body Doji pattern, suggests indecisive movement. … [Read more...] about ‘Expect markets to be volatile amid uncertain global sentiment; these 3 stocks can give double-digit returns’
Nifty 50 stocks list
‘Upside momentum in Nifty seen only above 9,200, bet on these 3 stocks for double-digit returns’
Bank Nifty traded lower throughout the last week and closed below crucial supports indicating bears in action. Bank Nifty is showing more weakness than Nifty on the price chart. Moreover, a decisive price action above 18,000 will give an early sign of trend reversal till then bearish bias can continue. Though technically some banking stocks are showing a sign of a reversal in their individual chart set up and if those banks start rising then bank nifty may see an early reversal. … [Read more...] about ‘Upside momentum in Nifty seen only above 9,200, bet on these 3 stocks for double-digit returns’
Modi 2.0: Five stocks more than doubled while 20 rose over 50% in first year of Modi’s second stint
Global cues remain muted as the equity investors across the world turned risk-averse largely on account of the US-China trade war, as well as outbreak of COVID-19 which resulted in shutdown of economic activity not just for India but other countries across the globe. … [Read more...] about Modi 2.0: Five stocks more than doubled while 20 rose over 50% in first year of Modi’s second stint
