The automobile companies may be benefited from the rate cut. Due to the pandemic, the people of the country try to avoid public transport and may prefer their vehicle, and with the restriction on the number of passengers can travel on a vehicle, the demand for the purchase of the vehicle will be more. … [Read more...] about ‘Rate cut could benefit auto companies, watch out for Hero, Maruti Suzuki & Eicher Motor’
Six pack tips and tricks
Story in a chart: Cup & Handle pattern suggests buying opportunity in D-Mart
'Upside momentum in Nifty seen only above 9,200, bet on these 3 stocks for double-digit returns'Story in a chart: 'Cup & Handle' pattern in Motherson Sumi suggests buying opportunity'Expect markets to be volatile amid uncertain global sentiment; these 3 stocks can give double-digit returns' … [Read more...] about Story in a chart: Cup & Handle pattern suggests buying opportunity in D-Mart
‘Expect markets to be volatile amid uncertain global sentiment; these 3 stocks can give double-digit returns’
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’
‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’
Q) We saw some short covering in banking space – what were the factors behind the move, and do you think the rally will last?A) The sudden rally in the banking space on Wednesday (May 27) can be attributed to short covering. Foreign Portfolio Investors (FPIs) have been net sellers in Indian equities for the past three months and prior to May 28th expiry, FPIs dived in, which led to the momentum in the banking stocks. … [Read more...] about ‘GDP numbers are largely discounted by D-St; Nifty could make an attempt to touch 10K’
Market Headstart: Nifty likely to hold 11,100 levels; experts say traders should stay neutral
On a day when Sensex was down more than 150 points, Nifty50 broke below 11,200 levels, nearly 400 stocks on the BSE hit a fresh 52-week low, including Gillette India, Hero MotoCorp, ACC, L&T, IndusInd Bank, Thermax, Lupin, M&M and Raymond. … [Read more...] about Market Headstart: Nifty likely to hold 11,100 levels; experts say traders should stay neutral
