But, a sustainable move above 11,350 is likely to result in a sharp upside breakout. The weekly timeframe chart of the Nifty is still positive and there is no formation of any significant reversal pattern at the highs.Hence, we are unlikely to see any major downward correction from the hurdle of 11,350 levels in the short term. The short-term uptrend status remains intact.A sustainable move above 11,350 could open more upside towards 11,550 in the near term. Having placed at the hurdle, the range movement (11,250-11,350) is expected to continue in the next session. Immediate support is placed at 11,200.Rohit Singre, Senior Technical Analyst at LKP Securities … [Read more...] about After The Bell: Tug of war between bulls & bears, what should investors do on Tuesday?
Opportunity zone investments
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about D-Street Talk podcast | This ‘once in a century’ event could create wealth if investors have 3-5 years
A) The auto sector has been witnessing a weak volume trajectory over the last 6-8 quarters, driven by slowing economic activity and retail consumption. We see the auto sector reviving at the margin in 2HFY21/FY22, driven by better rural demand and increased private transportation needs due to COVID. … [Read more...] about DAILY VOICE: Four reasons why IT stocks are hitting 52-week highs
One of the top private banks was flirting with cash-rich private equity funds for several months to gain some confidence capital. In the end, the PE funds gave it a pass. What happened? Market grapevine has it that the CEO lost patience with the hard bargaining by the investors. The bank is still hopeful of PE backing. It has launched a hunt for funds with other private equity firms, citing the example of an investment by a marquee investor in 2017. But a little birdie tells us that the PE industry is keeping its purse strings tight on this one. They are of course happy to be lavish with what they think are ace performers. Can’t blame anyone to cautious with money amid a pandemic. … [Read more...] about MC Insider: String of exits at private lender, hurting Chinese ownership, deadly COVID secrets in banking and more
SPDR ETF holdings have risen to 2013 highs. Gold has bounced back after taking support near $1,680/oz and is now consolidating near $1,750/oz level. While the overall sentiment is positive, the lack of any further escalation in US-china tensions or US protests could result in some profit-taking. … [Read more...] about Gold price today: Yellow metal hit a pause; deploy buy on dips for a target of 47,500