Stock Market Update - Sensex Today Recovers 600 Points from Day's Low | Nifty Ends Below 18,400 | Auto & FMCG Stocks Witness Selling
Indian share markets stage a smart recovery to end marginally lower. The BSE Sensex ended 104 points lower while the Nifty lost 35 points.
http://www.eqtm.in/i4M9H
Indian share markets stage a smart recovery to end marginally lower. The BSE Sensex ended 104 points lower while the Nifty lost 35 points.
http://www.eqtm.in/i4M9H
Forwarded from Fast Profits Daily
SGX Nifty reclaims 18,500 and Indian markets are expected to open on positive note.
The last hour short covering rally from the support zone of the channel pattern signals the bulls may have great time in next 2-4 weeks.
The bullish divergence on RSI supports the reversal for markets. Chart here
IT stocks, Reliance, HDFC and few heavy weights witnessed the bullish trend in the second half yesterday and is likely to lead the rally towards 19,000 on Nifty.
The short-term hurdle can be 18,550,-18,600 at the upper band of channel on Nifty for traders.
#Pre-Market
#SGXNifty
The last hour short covering rally from the support zone of the channel pattern signals the bulls may have great time in next 2-4 weeks.
The bullish divergence on RSI supports the reversal for markets. Chart here
IT stocks, Reliance, HDFC and few heavy weights witnessed the bullish trend in the second half yesterday and is likely to lead the rally towards 19,000 on Nifty.
The short-term hurdle can be 18,550,-18,600 at the upper band of channel on Nifty for traders.
#Pre-Market
#SGXNifty
👍10
Forwarded from Fast Profits Daily
TCS - The Elephant in the Room
Tata Consultancy Services (TCS) is the investor's and trader's favourite stock on D-street.
IT index has underperformed in 2022, down over 25%, while TCS is down over 12%.
Since September 2022, IT stocks witness a short-covering rally but fizzled in the last couple of weeks.
The Breakdown
Technically. the topping pattern head and shoulder is visible on the short-term chart with the breakdown at Rs. 3,250.
The stock price from the low of Rs. 3,163 has recovered back to Rs. 3,274 which is the retest of the head and shoulder breakdown.
Additionally, the gap and neckline of the head and shoulders pattern will be acting as major resistance for the stock.
As TCS weighs around 29% in the IT index and over 4% in Nifty50, the resumption of the bearish trend in the stock can impact the sectorial index and the benchmark index. The stock can be the elephant in the room for the market trend.
#TCS
KeepItSimple
Tata Consultancy Services (TCS) is the investor's and trader's favourite stock on D-street.
IT index has underperformed in 2022, down over 25%, while TCS is down over 12%.
Since September 2022, IT stocks witness a short-covering rally but fizzled in the last couple of weeks.
The Breakdown
Technically. the topping pattern head and shoulder is visible on the short-term chart with the breakdown at Rs. 3,250.
The stock price from the low of Rs. 3,163 has recovered back to Rs. 3,274 which is the retest of the head and shoulder breakdown.
Additionally, the gap and neckline of the head and shoulders pattern will be acting as major resistance for the stock.
As TCS weighs around 29% in the IT index and over 4% in Nifty50, the resumption of the bearish trend in the stock can impact the sectorial index and the benchmark index. The stock can be the elephant in the room for the market trend.
#TCS
KeepItSimple
👍11
Stock Market Update - Sensex Today Trades on a Volatile Note | Axis Bank Hits Record High | HCL Tech, Wipro & Tech Mahindra Top Gainers
Indian share markets are trading on a positive note with the Sensex up by 50 points, while the Nifty is trading higher by 8 points.
http://www.eqtm.in/Cb8n4
Indian share markets are trading on a positive note with the Sensex up by 50 points, while the Nifty is trading higher by 8 points.
http://www.eqtm.in/Cb8n4
Profit Hunter - How to Play India's Space Tech Boom
India's space tech sector has entered its next orbit. Here's how to ride it.
http://www.eqtm.in/Py47J
India's space tech sector has entered its next orbit. Here's how to ride it.
http://www.eqtm.in/Py47J
Why TCS is the Stock Market’s Elephant in the Room
This is how the performance of TCS can hurt the Nifty 50 and the IT index.
http://www.eqtm.in/w7JZi
This is how the performance of TCS can hurt the Nifty 50 and the IT index.
http://www.eqtm.in/w7JZi
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Why Affle India Share Price is Falling
After reporting highest ever quarterly revenues in the June 2022 quarter, shares of Affle (India) have hit a rough patch.
http://www.eqtm.in/Yn28B
After reporting highest ever quarterly revenues in the June 2022 quarter, shares of Affle (India) have hit a rough patch.
http://www.eqtm.in/Yn28B
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Stock Market Update - Sensex Today Tanks 635 Points | 5 Reasons Why Sensex is Falling | Adani Enterprises Dips 6%
Indian share markets end on a negative note. The BSE Sensex ended 635 points lower while the Nifty fell 186 points.
http://www.eqtm.in/e5YGg
Indian share markets end on a negative note. The BSE Sensex ended 635 points lower while the Nifty fell 186 points.
http://www.eqtm.in/e5YGg
👍1
Up Ahead - A Big Manufacturing Boom in India. Here's How to Play this Opportunity
This is why you should be excited about investing in manufacturing stocks.
http://www.eqtm.in/Li6x4
This is why you should be excited about investing in manufacturing stocks.
http://www.eqtm.in/Li6x4
👍1
Forwarded from Fast Profits Daily
Nifty - Fall halts at...
The gap-up opening turned into a nightmare for bulls as the index witnessed a sharper fall led by Banks.
Nifty outperformed BankNifty as Pharma and IT ended the day in the green.
The Support for Bulls
The fast and furious fall in the second half halted at the support of the falling channel.
On the Relative Strength Index (RSI), the positive divergence signals the reversal on cards on the weekly expiry day.
The pattern will negate on breach of 18,130.
#Nifty
#KeepItSimple
The gap-up opening turned into a nightmare for bulls as the index witnessed a sharper fall led by Banks.
Nifty outperformed BankNifty as Pharma and IT ended the day in the green.
The Support for Bulls
The fast and furious fall in the second half halted at the support of the falling channel.
On the Relative Strength Index (RSI), the positive divergence signals the reversal on cards on the weekly expiry day.
The pattern will negate on breach of 18,130.
#Nifty
#KeepItSimple
👍8
Bulls seemed into panic mode when Bank Nifty slipped below 43,000 to hit the lowest level of the month at 42,363.
Nifty outperformed Bank Nifty as the pharma and IT index ended on the green note.
Technically, the fall in Nifty halted at the support of the falling channel and the positive divergence indicates the reversal on cards till 18,130 is held by bulls. Chart here
Bank Nifty may continue to remain under pressure to retest the breakout levels at the 41,800-42,210 zone before heading towards the highs.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Nifty outperformed Bank Nifty as the pharma and IT index ended on the green note.
Technically, the fall in Nifty halted at the support of the falling channel and the positive divergence indicates the reversal on cards till 18,130 is held by bulls. Chart here
Bank Nifty may continue to remain under pressure to retest the breakout levels at the 41,800-42,210 zone before heading towards the highs.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍9
Forwarded from Fast Profits Daily
US Markets recover ahead of Christmas holidays; gains around 1.50%.
Asian indices trades in green early morning in sync with US markets; SGX Nifty indicates opening of over 100 points at 18,360.
The bears attack yesterday ended at the lower band of channel. The bearish momentum may prolong only on a break of 18,130.
The bulls have an opportunity at the support zone while the positive divergence favors reversal. Chart here
IT and Pharma stocks will be in focus on gap-up opening as they ended in green yesterday.
#PreMarket
#SGXNifty
Asian indices trades in green early morning in sync with US markets; SGX Nifty indicates opening of over 100 points at 18,360.
The bears attack yesterday ended at the lower band of channel. The bearish momentum may prolong only on a break of 18,130.
The bulls have an opportunity at the support zone while the positive divergence favors reversal. Chart here
IT and Pharma stocks will be in focus on gap-up opening as they ended in green yesterday.
#PreMarket
#SGXNifty
👍4
Stock Market Update - SGX Nifty Up 110 Points | Why Healthcare Stocks are Rising | the Latest on Bigbasket IPO | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/q6Q7W
Top cues to track in today's stock market session.
http://www.eqtm.in/q6Q7W
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Stock Market Update - Sensex Today Trades Lower | Power Stocks Tumble | Axis Bank, Tata Motors & Bajaj Finserv Top Losers
Indian share markets are trading on a negative note with the Sensex down by 54 points, while the Nifty is trading lower by 31 points.
http://www.eqtm.in/o2S6M
Indian share markets are trading on a negative note with the Sensex down by 54 points, while the Nifty is trading lower by 31 points.
http://www.eqtm.in/o2S6M
👍1
Profit Hunter - Comeback Sectors of 2023
Find out what 2023 has in store and how the traditional investing approach may not work.
http://www.eqtm.in/c7X6W
Find out what 2023 has in store and how the traditional investing approach may not work.
http://www.eqtm.in/c7X6W
👍2
Why Bank of India Share Price is Falling
After delivering 118% return in six months, this stock is down 12% in the last week. Here's why.
http://www.eqtm.in/t4SCn
After delivering 118% return in six months, this stock is down 12% in the last week. Here's why.
http://www.eqtm.in/t4SCn
Forwarded from Fast Profits Daily
Nifty - The Bargain Buying Opportunity
Index has corrected over 800 points from its high of 18,887 to 18,080.
The multiple trendlines on the daily chart suggest the support zone in the range of 17,964 to 18,100.
The breakout has been retested and the retest offers a favourable low-risk, high-reward entry.
If bulls manage to hold this range, they can cheer at the New Year party.
The range seems an excellent bargain buying opportunity for bulls.
(CMP-18,082)
#Nifty
#KeepItSimple
Index has corrected over 800 points from its high of 18,887 to 18,080.
The multiple trendlines on the daily chart suggest the support zone in the range of 17,964 to 18,100.
The breakout has been retested and the retest offers a favourable low-risk, high-reward entry.
If bulls manage to hold this range, they can cheer at the New Year party.
The range seems an excellent bargain buying opportunity for bulls.
(CMP-18,082)
#Nifty
#KeepItSimple
👍12
Tata Technologies: The Next TCS?
Tata Motors' subsidiary Tata Technologies may soon come out with its initial public offer. Could this be the next multi-bagger from the Tata group? Here is a detailed report.
http://www.eqtm.in/q8X7C
Tata Motors' subsidiary Tata Technologies may soon come out with its initial public offer. Could this be the next multi-bagger from the Tata group? Here is a detailed report.
http://www.eqtm.in/q8X7C
👍3
Forwarded from Small Cap Fortunes with Richa Agarwal
EV Stocks Watchlist for 2023
These chemical companies are expected to be strong beneficiaries of vehicle electrification.
http://www.eqtm.in/e7F5Z
These chemical companies are expected to be strong beneficiaries of vehicle electrification.
http://www.eqtm.in/e7F5Z
Why Cipla Share Price is Rising
Pharma stocks are in focus amid renewed fears of Covid outbreaks and have rallied between 5-15% in the past couple of days.
http://www.eqtm.in/j3D5Y
Pharma stocks are in focus amid renewed fears of Covid outbreaks and have rallied between 5-15% in the past couple of days.
http://www.eqtm.in/j3D5Y