Why IT Stocks Are Falling: A Technical View
Read this before you consider buying beaten down IT stocks.
Why Are Indian IT Stocks Falling?
Here’s an extract…
The Nifty IT index has fallen since the start of 2022. The index is down over 30% from its high of 39,446.
Today, IT stocks are the top losers with the IT index falling over 2% in early trade.
IT stocks have experienced a significant decline today marked by various technical indicators.
Read on for more…
http://www.eqtm.in/z9X3T
Read this before you consider buying beaten down IT stocks.
Why Are Indian IT Stocks Falling?
Here’s an extract…
The Nifty IT index has fallen since the start of 2022. The index is down over 30% from its high of 39,446.
Today, IT stocks are the top losers with the IT index falling over 2% in early trade.
IT stocks have experienced a significant decline today marked by various technical indicators.
Read on for more…
http://www.eqtm.in/z9X3T
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Stock Market Update - Sensex Today Ends Flat | Suzlon Energy Surges 8% | Tata Motors & Axis Bank Top Gainers
Indian share markets ends flat. The BSE Sensex and Nifty ended marginally higher by 5 points.
http://www.eqtm.in/Ky52J
Indian share markets ends flat. The BSE Sensex and Nifty ended marginally higher by 5 points.
http://www.eqtm.in/Ky52J
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Defence Sector Stocks Are Rising. Does the Rally Have Enough Steam?
Indian defence sector stocks are on a roll in recent weeks. Find out whether this is a short term rally or stocks will continue their momentum.
Defence Stocks Rise
There is a need for peace and harmony is around the world but also a need to be prepared for the worst situation. India is no exception.
Hence, the defence sector is set to bloom in India on the back of multiple sectoral tailwinds.
However, investors have to be careful while picking stocks. The sector as a whole is booming but investors should not pick up just any defence company for investment.
Look out for fundamentally strong defence companies to make the most of the opportunity.
http://www.eqtm.in/Na2o7
Indian defence sector stocks are on a roll in recent weeks. Find out whether this is a short term rally or stocks will continue their momentum.
Defence Stocks Rise
There is a need for peace and harmony is around the world but also a need to be prepared for the worst situation. India is no exception.
Hence, the defence sector is set to bloom in India on the back of multiple sectoral tailwinds.
However, investors have to be careful while picking stocks. The sector as a whole is booming but investors should not pick up just any defence company for investment.
Look out for fundamentally strong defence companies to make the most of the opportunity.
http://www.eqtm.in/Na2o7
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Fast Profits Daily - PFC Stock: What Does the Chart Say?
What do the charts say about the stock price of Power Finance Corporation? Find out...
http://www.eqtm.in/Yy59S
What do the charts say about the stock price of Power Finance Corporation? Find out...
http://www.eqtm.in/Yy59S
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Forwarded from Fast Profits Daily
The US markets displayed a lack of significant movement, with the Dow Jones Industrial Average facing resistance at the crucial barrier range of 33,800-34,000; Banking stocks continue to head higher.
The Nifty IT index experienced a decline of over 2% as it faced a breakdown on the chart. In contrast, the Nasdaq is currently trading at a 52-week high. It remains to be seen whether the Nifty IT index can catch up and regain its momentum.
The SGX Nifty suggests a gap up opening; however, there has been a lack of follow-up buying interest in the last couple of trading sessions.
The decisive factors for the Nifty will be the break of the 18,469 support level on the lower side and the resistance band of 18,678-18,713 on the upper side to regain the momentum.
To capitalize on bullish momentum trades, it is advisable to focus on auto and realty stocks.
#SGXNifty
#PreMarket
The Nifty IT index experienced a decline of over 2% as it faced a breakdown on the chart. In contrast, the Nasdaq is currently trading at a 52-week high. It remains to be seen whether the Nifty IT index can catch up and regain its momentum.
The SGX Nifty suggests a gap up opening; however, there has been a lack of follow-up buying interest in the last couple of trading sessions.
The decisive factors for the Nifty will be the break of the 18,469 support level on the lower side and the resistance band of 18,678-18,713 on the upper side to regain the momentum.
To capitalize on bullish momentum trades, it is advisable to focus on auto and realty stocks.
#SGXNifty
#PreMarket
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Stock Market Update - SGX Nifty Up 88 Points | Why MTAR Technologies Share Price Is Rising | TCS's New Data Exchange Launch | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Ea49M
Top cues to track in today's stock market session.
http://www.eqtm.in/Ea49M
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Under Radar Stocks to Profit from India’s Electronics Revolution
Select stocks in India’s electronics ecosystem with due diligence.
India’s Best Electronics Stocks
The compass of the global electronics supply chain hub is pointing to India. There are several reasons for this.
I firmly believe India can be in global electronics supply chain where Japan was a few decades back.
But picking stocks in this ecosystem must be done only with sufficient due diligence.
Stocks that are 'under the radar’ offering long term upside would be the right choice.
Read on for more…
http://www.eqtm.in/i3Y7Z
Select stocks in India’s electronics ecosystem with due diligence.
India’s Best Electronics Stocks
The compass of the global electronics supply chain hub is pointing to India. There are several reasons for this.
I firmly believe India can be in global electronics supply chain where Japan was a few decades back.
But picking stocks in this ecosystem must be done only with sufficient due diligence.
Stocks that are 'under the radar’ offering long term upside would be the right choice.
Read on for more…
http://www.eqtm.in/i3Y7Z
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Stock Market Update - Sensex Today Trades Higher | Torrent Power Rallies 9% | Nestle India & Power Grid Top Gainers
Indian share markets are trading on a positive note with the Sensex trading 156 points lower, while the Nifty is trading higher by 66 points.
http://www.eqtm.in/Wy79K
Indian share markets are trading on a positive note with the Sensex trading 156 points lower, while the Nifty is trading higher by 66 points.
http://www.eqtm.in/Wy79K
Bulk Deal Alert: Sumeet Nagar’s Malabar India Fund Trims Stake in this Smallcap Stock.
Here’s why the seasoned investor trimmed his stake in this smallcap company despite robust Q4 earnings.
Sumeet Nagar Sells Stake
Here’s an extract…
Sumeet Nagar is the co-founder of Malabar Ventures LLC. Malabar is a foreign portfolio investor (FPI) with a particular emphasis on India's small and mid-cap stocks.
His amazing track record in the smallcap and midcap space is no fluke. He has a solid decision-making process on which stocks to buy, how much to buy, and, equally importantly, when to sell.
The latest shareholding pattern of a small-cap stock shows that Sumeet Nagar Via Malabar India Fund trimmed up around a 2% stake through a bulk deal on 5 June 2023.
Read on for more…
http://www.eqtm.in/o7TSb
Here’s why the seasoned investor trimmed his stake in this smallcap company despite robust Q4 earnings.
Sumeet Nagar Sells Stake
Here’s an extract…
Sumeet Nagar is the co-founder of Malabar Ventures LLC. Malabar is a foreign portfolio investor (FPI) with a particular emphasis on India's small and mid-cap stocks.
His amazing track record in the smallcap and midcap space is no fluke. He has a solid decision-making process on which stocks to buy, how much to buy, and, equally importantly, when to sell.
The latest shareholding pattern of a small-cap stock shows that Sumeet Nagar Via Malabar India Fund trimmed up around a 2% stake through a bulk deal on 5 June 2023.
Read on for more…
http://www.eqtm.in/o7TSb
Forwarded from Fast Profits Daily
Here's a list of stocks to watch out for today. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3
Forwarded from Fast Profits Daily
Breakout Alert: Nifty Infra Index
Nifty Infra index is breaking out of the cup and handle pattern.
The breakout signifies a bullish trend in the infrastructure sector, as the index surpasses a key resistance level.
The cup and handle pattern is a technical analysis formation that suggests a potential continuation of an upward trend after a brief consolidation period.
With the breakout, investors and traders are likely to view this as a favourable signal for further price appreciation in infrastructure stocks. It indicates renewed optimism and buying interest in the sector, potentially attracting more market participants and driving the index higher in the coming days.
#NiftyInfra
#KeepItSimple
Nifty Infra index is breaking out of the cup and handle pattern.
The breakout signifies a bullish trend in the infrastructure sector, as the index surpasses a key resistance level.
The cup and handle pattern is a technical analysis formation that suggests a potential continuation of an upward trend after a brief consolidation period.
With the breakout, investors and traders are likely to view this as a favourable signal for further price appreciation in infrastructure stocks. It indicates renewed optimism and buying interest in the sector, potentially attracting more market participants and driving the index higher in the coming days.
#NiftyInfra
#KeepItSimple
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5 Stocks to Watch Out for When Inflation Cools Down
These five companies are seeing their net profit margins improve as inflation eases. Find out how they’re stacked up for the next couple of quarters.
These Stocks May Rise as Inflation Falls
India’s consumer price index (CPI), the benchmark inflation rate, cooled to 4.7% in April 2023 as compared to 7.79% a year ago.
This is the lowest in the last eighteen months.
As inflation cools down, raw material prices also goes down, and profit margins improve.
Here are five companies that benefit the most as inflation cools down.
http://www.eqtm.in/n8G3M
These five companies are seeing their net profit margins improve as inflation eases. Find out how they’re stacked up for the next couple of quarters.
These Stocks May Rise as Inflation Falls
India’s consumer price index (CPI), the benchmark inflation rate, cooled to 4.7% in April 2023 as compared to 7.79% a year ago.
This is the lowest in the last eighteen months.
As inflation cools down, raw material prices also goes down, and profit margins improve.
Here are five companies that benefit the most as inflation cools down.
http://www.eqtm.in/n8G3M
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Stock Market Update - Sensex Today Ends 350 Points Higher | Vodafone Idea Surges 9%, Adani Power 5% | Britannia & Nestle Top Gainers
Indian share markets ends higher. The BSE Sensex ended 350 points higher and Nifty ended higher by 127 points.
http://www.eqtm.in/Gd49A
Indian share markets ends higher. The BSE Sensex ended 350 points higher and Nifty ended higher by 127 points.
http://www.eqtm.in/Gd49A
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Why Mphasis Share Price is Falling
Midsized IT firms are facing strong headwinds and Mphasis is no exception. How long before the stock recovers?
Mphasis Stock Falls
Here’s an extract…
The last earnings call transcript of all top IT companies mention uncertainty as one of the top keywords from the managements.
Mphasis was no exception to the sectoral pressure. Due to the troubles in the IT sector, Mphasis share price fell by 23.9% in the past one year. In the past six months, Mphasis share price is down 8.3%.
Read on to know what went wrong…
http://www.eqtm.in/f9P6G
Midsized IT firms are facing strong headwinds and Mphasis is no exception. How long before the stock recovers?
Mphasis Stock Falls
Here’s an extract…
The last earnings call transcript of all top IT companies mention uncertainty as one of the top keywords from the managements.
Mphasis was no exception to the sectoral pressure. Due to the troubles in the IT sector, Mphasis share price fell by 23.9% in the past one year. In the past six months, Mphasis share price is down 8.3%.
Read on to know what went wrong…
http://www.eqtm.in/f9P6G
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2 Small-cap Stocks Near 52-Week Highs on Strong Demand for Railways Protection Systems
These smallcap stocks soared 29% in past six days on the government’s plan to prioritise the Kavach system for Indian Railways. Will their dream run continue?
2 Smallcaps on a Roll
India was jolted by a three-way train collision on Friday evening, marking the country's worst train disaster in two decades.
This unfortunate event has brought sharp focus to the imperative need for robust safety mechanisms to prevent such tragedies.
Consequently, the stock prices of smallcap manufacturers of anti-collision devices have experienced a remarkable surge of up to 29% over the past six trading sessions, nearing their 52-week high.
http://www.eqtm.in/i6P5J
These smallcap stocks soared 29% in past six days on the government’s plan to prioritise the Kavach system for Indian Railways. Will their dream run continue?
2 Smallcaps on a Roll
India was jolted by a three-way train collision on Friday evening, marking the country's worst train disaster in two decades.
This unfortunate event has brought sharp focus to the imperative need for robust safety mechanisms to prevent such tragedies.
Consequently, the stock prices of smallcap manufacturers of anti-collision devices have experienced a remarkable surge of up to 29% over the past six trading sessions, nearing their 52-week high.
http://www.eqtm.in/i6P5J
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Sensex 100,000 Before 2028 Ends
When will the Sensex get to 100,000? Read on to find out…
http://www.eqtm.in/Ej3z9
When will the Sensex get to 100,000? Read on to find out…
http://www.eqtm.in/Ej3z9
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Forwarded from Fast Profits Daily
The IT index on Nasdaq took a dip of 1.75%, pausing the bullish momentum of the Dow Jones, while the energy, transportation, real estate, and utilities stocks held steady in the index.
This week, Nifty IT stocks experienced a correction, and the dip in Nasdaq could potentially exert pressure on Indian IT stocks. The breakdown of the trendline in the Nifty IT index might reignite the bearish momentum, leading towards levels around 27,780.
Nifty has successfully broken out of its consolidation zone and closed above the 18,700 level. However, during the weekly expiry, the 18,800 level might pose a significant hurdle as the 18,000CE holds a substantial OI of 2 lakh.
The mixed momentum observed in banking stocks has caused a pause in the BankNifty's bullish momentum. According to Wyckoff theory, the key hurdle resides in the 44,300-44,500 zone.
#SGXNifty
#PreMarket
This week, Nifty IT stocks experienced a correction, and the dip in Nasdaq could potentially exert pressure on Indian IT stocks. The breakdown of the trendline in the Nifty IT index might reignite the bearish momentum, leading towards levels around 27,780.
Nifty has successfully broken out of its consolidation zone and closed above the 18,700 level. However, during the weekly expiry, the 18,800 level might pose a significant hurdle as the 18,000CE holds a substantial OI of 2 lakh.
The mixed momentum observed in banking stocks has caused a pause in the BankNifty's bullish momentum. According to Wyckoff theory, the key hurdle resides in the 44,300-44,500 zone.
#SGXNifty
#PreMarket
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Stock Market Update - SGX Nifty Trades Flat | Axis Bank Joins Rs 3 Trillion Club | LIC Hikes Stake In Tech Mahindra | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Nf56E
Top cues to track in today's stock market session.
http://www.eqtm.in/Nf56E
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Forwarded from Fast Profits Daily
Don't Miss this Bullish Breakout...
As the market sentiments are running high, this index has boldly broken out from the confluence of trendlines displayed on the price chart.
Breakout from Confluence of Trendlines on Nifty Metals Index:
On the Nifty Metals index, the breakout from multiple trendlines confluence formed a critical juncture at the 6,020-6,070 zone on the chart. The decisive breakthrough marks a pivotal moment for the index, potentially opening doors to greater opportunities and gains.
Additionally, the index is accelerating the bullish momentum as it breaks out of a four-month range.
(CMP-6,105)
#NiftyMetals
#KeepItSimple
As the market sentiments are running high, this index has boldly broken out from the confluence of trendlines displayed on the price chart.
Breakout from Confluence of Trendlines on Nifty Metals Index:
On the Nifty Metals index, the breakout from multiple trendlines confluence formed a critical juncture at the 6,020-6,070 zone on the chart. The decisive breakthrough marks a pivotal moment for the index, potentially opening doors to greater opportunities and gains.
Additionally, the index is accelerating the bullish momentum as it breaks out of a four-month range.
(CMP-6,105)
#NiftyMetals
#KeepItSimple
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Stock Market Update - Sensex Today Trades Higher | Paytm Jumps 7% | NTPC & Power Grid Top Gainers
Indian share markets are trading on a positive note with the Sensex trading 129 points lower, while the Nifty is trading higher by 36 points.
http://www.eqtm.in/Mt7p3
Indian share markets are trading on a positive note with the Sensex trading 129 points lower, while the Nifty is trading higher by 36 points.
http://www.eqtm.in/Mt7p3
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