Ace Investor Ashish Kacholia Trims Stake in Smallcap IT Firm, Enters IPO-Bound Stock
Big whale adds exposure to IPO-bound stock, turns bearish on IT company. Here’s why…
http://www.eqtm.in/s5QGn
Big whale adds exposure to IPO-bound stock, turns bearish on IT company. Here’s why…
http://www.eqtm.in/s5QGn
Forwarded from Fast Profits Daily
The US markets surged by over one percent, with the S&P500 reaching a 52-week high.
Nifty crossed the barrier of 18,777, trapping the bulls, as a bearish harmonic pattern on the hourly chart caused the index to dip over 100 points from its peak. The bearish engulfing pattern at the high point of 18,800 acts as a hurdle for the bulls.
Despite Nifty showing a bullish trend with a lower high and lower low structure, the time cycle theory suggests that the fall will continue until yesterday's high is breached.
BankNifty experienced the highest degree of underperformance among sectorial indices, declining by 1.24%. Both the Private Bank Index and PSU Bank Index encountered breakdowns on their respective charts.
The ascent of BankNifty towards the 43,700-43,800 range could present an opportunity for bearish traders, while a break below 43,375 would intensify the bearish sentiment, targeting the 42,900-42,500 zone.
SGX Nifty is signalling a gap up of 40 points at 18,800.
#SGXNifty
#PreMarket
Nifty crossed the barrier of 18,777, trapping the bulls, as a bearish harmonic pattern on the hourly chart caused the index to dip over 100 points from its peak. The bearish engulfing pattern at the high point of 18,800 acts as a hurdle for the bulls.
Despite Nifty showing a bullish trend with a lower high and lower low structure, the time cycle theory suggests that the fall will continue until yesterday's high is breached.
BankNifty experienced the highest degree of underperformance among sectorial indices, declining by 1.24%. Both the Private Bank Index and PSU Bank Index encountered breakdowns on their respective charts.
The ascent of BankNifty towards the 43,700-43,800 range could present an opportunity for bearish traders, while a break below 43,375 would intensify the bearish sentiment, targeting the 42,900-42,500 zone.
SGX Nifty is signalling a gap up of 40 points at 18,800.
#SGXNifty
#PreMarket
👍8
Forwarded from Fast Profits Daily
BankNifty Futures - Opportunity for Bears 🐻
BankNifty Futures witnessed a notable rise in the first 30mins of the day, presenting a potential opportunity for the bears. The index is expected to retest the breakdown level at the 43,800-44,000 zone, indicating a selling zone.
Additionally, it is crucial to note that the 200-Hourly Exponential Moving Average (HEMA) is currently positioned at 43,825. The recent break below this moving average after a span of 76 days suggests a potential reversal in the short-term trend.
Considering these factors, it is an opportune time for bearish traders to closely monitor the BankNifty Futures. The retest of the breakdown level and the breach of the 200HEMA indicate a favourable environment for potential short positions.
In the upcoming trading sessions, the level of 43,375 may act as a support.
The strategy for bears can involve looking for short positions in Bank Nifty Futures or purchasing put options on the index.
Happy trading!
#BankNiftyFutures
#KeepItSimple
BankNifty Futures witnessed a notable rise in the first 30mins of the day, presenting a potential opportunity for the bears. The index is expected to retest the breakdown level at the 43,800-44,000 zone, indicating a selling zone.
Additionally, it is crucial to note that the 200-Hourly Exponential Moving Average (HEMA) is currently positioned at 43,825. The recent break below this moving average after a span of 76 days suggests a potential reversal in the short-term trend.
Considering these factors, it is an opportune time for bearish traders to closely monitor the BankNifty Futures. The retest of the breakdown level and the breach of the 200HEMA indicate a favourable environment for potential short positions.
In the upcoming trading sessions, the level of 43,375 may act as a support.
The strategy for bears can involve looking for short positions in Bank Nifty Futures or purchasing put options on the index.
Happy trading!
#BankNiftyFutures
#KeepItSimple
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Stock Market Update - Sensex Today Trades Higher, Nifty Above 18,750 | Hindalco & ITC Top Gainers | IKIO Lists At 37% Premium
Indian share markets are trading on a positive note with the Sensex up by 285 points, while the Nifty is trading higher by 80 points.
http://www.eqtm.in/Pr8y7
Indian share markets are trading on a positive note with the Sensex up by 285 points, while the Nifty is trading higher by 80 points.
http://www.eqtm.in/Pr8y7
This Smallcap Could Be to Tesla What Foxconn is to Apple
This company could deliver asymmetric payoffs from the EV megatrend.
Exciting Smallcap EV Stock
Here’s an extract…
As an analyst, I’m keen on finding potential smallcaps that could be to Tesla or to the EV megatrend, what Foxconn is to Apple.
And I believe my team and I have come across an interesting smallcap candidate in this regard.
This company is the go-to player for almost all electric 2-wheeler and 3-wheeler OEMs in India.
While entry of Tesla could potentially leas to a huge asymmetric payoff, I expect this company to do well in any case.
Read on for more…
http://www.eqtm.in/b9N6B
This company could deliver asymmetric payoffs from the EV megatrend.
Exciting Smallcap EV Stock
Here’s an extract…
As an analyst, I’m keen on finding potential smallcaps that could be to Tesla or to the EV megatrend, what Foxconn is to Apple.
And I believe my team and I have come across an interesting smallcap candidate in this regard.
This company is the go-to player for almost all electric 2-wheeler and 3-wheeler OEMs in India.
While entry of Tesla could potentially leas to a huge asymmetric payoff, I expect this company to do well in any case.
Read on for more…
http://www.eqtm.in/b9N6B
👍1
Forwarded from Fast Profits Daily
AI is the buzzing sector, are you following stocks in this domain?
https://www.equitymaster.com/india-markets/artificialintelgce/Artificial-Intelligence-heatmap
https://www.equitymaster.com/india-markets/artificialintelgce/Artificial-Intelligence-heatmap
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Why Paytm Share Price is Rising
Paytm shares soar to yearly high on robust operational performance and growth prospects. What next?
Paytm Stock Rises
Here’s an extract…
In the past one year, Paytm share price has gained 43%. In 2023 so far, the stock is up a massive 65%.
In the past five days, the stock has rallied around 10%.
However, Paytm is still far away from its listing price and even the issue price of Rs 2,150.
So what's behind the sudden optimism surrounding Paytm and what lies ahead for the company?
http://www.eqtm.in/Rz87K
Paytm shares soar to yearly high on robust operational performance and growth prospects. What next?
Paytm Stock Rises
Here’s an extract…
In the past one year, Paytm share price has gained 43%. In 2023 so far, the stock is up a massive 65%.
In the past five days, the stock has rallied around 10%.
However, Paytm is still far away from its listing price and even the issue price of Rs 2,150.
So what's behind the sudden optimism surrounding Paytm and what lies ahead for the company?
http://www.eqtm.in/Rz87K
❤4👍1
Stock Market Update - Sensex Today Gains 467 Points to End at Record High | Finance, Banking Stocks Surge | HDFC Life Rallies 6%
Indian share markets end on a strong note. The BSE Sensex ended 467 points higher while the Nifty surged 138 points.
http://www.eqtm.in/q7R2T
Indian share markets end on a strong note. The BSE Sensex ended 467 points higher while the Nifty surged 138 points.
http://www.eqtm.in/q7R2T
Top 5 Stocks Mutual Funds Bought and Sold in May 2023
A look at what India’s top equity mutual funds bought and sold in May 2023.
May 2023 Mutual Fund Activity
Here’s an extract…
Amid a sustained rally in Indian markets, investors opted to book profits in the month of May 2023 and redeem at least some of their mutual fund investments.
Data released by the mutual fund association AMFI showed that redemptions in active equity mutual funds hit a 20-month high in May 2023.
Despite a steep fall in inflows, systematic investment plans (SIPs) continued their good run.
Read on for more…
http://www.eqtm.in/Lk89R
A look at what India’s top equity mutual funds bought and sold in May 2023.
May 2023 Mutual Fund Activity
Here’s an extract…
Amid a sustained rally in Indian markets, investors opted to book profits in the month of May 2023 and redeem at least some of their mutual fund investments.
Data released by the mutual fund association AMFI showed that redemptions in active equity mutual funds hit a 20-month high in May 2023.
Despite a steep fall in inflows, systematic investment plans (SIPs) continued their good run.
Read on for more…
http://www.eqtm.in/Lk89R
Gearing Up for Growth: 5 Stocks to Watch Out in Anticipation of a Bull Market
With strong signs of a bull market ahead, here are five stocks that you must keep an eye on.
Stocks for a Bull Market
Here’s an extract…
Last week, the US benchmark S&P 500 officially entered a bull market after it surged 20% from its October 2022 lows.
Global markets often join the bandwagon and mimic the performance of US markets. Not surprisingly, Asian markets have continued their good run.
Indian share markets are also making headlines as they near record high. Sensex and Nifty registered their all-time high closing on Friday this week. Markets are expected to continue the good run.
If there’s a bull market in India, here's a list of five stocks that should be on your watchlist.
http://www.eqtm.in/k9Q6P
With strong signs of a bull market ahead, here are five stocks that you must keep an eye on.
Stocks for a Bull Market
Here’s an extract…
Last week, the US benchmark S&P 500 officially entered a bull market after it surged 20% from its October 2022 lows.
Global markets often join the bandwagon and mimic the performance of US markets. Not surprisingly, Asian markets have continued their good run.
Indian share markets are also making headlines as they near record high. Sensex and Nifty registered their all-time high closing on Friday this week. Markets are expected to continue the good run.
If there’s a bull market in India, here's a list of five stocks that should be on your watchlist.
http://www.eqtm.in/k9Q6P
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How to Invest in the Future of Artificial Intelligence
Get started with your AI investing journey here.
Get Started With Investing in AI Stocks
Here’s an extract…
We believe investing in AI stocks in India can create huge wealth in the coming years.
The AI sector in India is rapidly growing and has significant potential. India is home to a large number of technology companies that are investing in AI research and development.
Although picking stocks in a growth industry comes with a lot of uncertainty, the top AI stocks are all worth considering. Plenty of companies can profit from AI. There are many opportunities here.
Dalal Street analysts are touting the best artificial intelligence stocks in India amid a surge in investor interest. But if you're looking for the best AI stocks, it's a good time to be cautious amid the hype.
http://www.eqtm.in/f3PGk
Get started with your AI investing journey here.
Get Started With Investing in AI Stocks
Here’s an extract…
We believe investing in AI stocks in India can create huge wealth in the coming years.
The AI sector in India is rapidly growing and has significant potential. India is home to a large number of technology companies that are investing in AI research and development.
Although picking stocks in a growth industry comes with a lot of uncertainty, the top AI stocks are all worth considering. Plenty of companies can profit from AI. There are many opportunities here.
Dalal Street analysts are touting the best artificial intelligence stocks in India amid a surge in investor interest. But if you're looking for the best AI stocks, it's a good time to be cautious amid the hype.
http://www.eqtm.in/f3PGk
Forwarded from Fast Profits Daily
The SPX reached a new 52-week high and experienced a breakout on the weekly chart, while the Dow Jones is on the cusp of breaking out from a bullish head and shoulders pattern above 34,800.
Indian markets are closely aligned with the US markets, as the Nifty is just a step away from reaching a new all-time high.
During the recent rally, banking stocks have shown lackluster performance, while the energy, auto, and pharmaceutical sectors have emerged as driving forces, fueling the momentum for the Nifty.
Traders should focus on pharma stocks this week. Additionally if Nasdaq trades positive, there is a possibility of IT stocks experiencing a short-covering rally by the expiry date.
On the Nifty, the current trend is controlled by the bulls, suggesting a potential move towards the 19,000 mark. The key trend change level is 18,456, and until that is breached, it is advisable a "buy on dips" strategy.
BankNifty is expected to experience selling pressure in the range of 44,000-44,200.
#SGXNifty
#PreMarket
Indian markets are closely aligned with the US markets, as the Nifty is just a step away from reaching a new all-time high.
During the recent rally, banking stocks have shown lackluster performance, while the energy, auto, and pharmaceutical sectors have emerged as driving forces, fueling the momentum for the Nifty.
Traders should focus on pharma stocks this week. Additionally if Nasdaq trades positive, there is a possibility of IT stocks experiencing a short-covering rally by the expiry date.
On the Nifty, the current trend is controlled by the bulls, suggesting a potential move towards the 19,000 mark. The key trend change level is 18,456, and until that is breached, it is advisable a "buy on dips" strategy.
BankNifty is expected to experience selling pressure in the range of 44,000-44,200.
#SGXNifty
#PreMarket
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Stock Market Update - SGX Nifty Trades Flat| Paras Defence Bags New Order from Defence Ministry | Natco Pharma Receives Final USFDA Approval | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Wg87K
Top cues to track in today's stock market session.
http://www.eqtm.in/Wg87K
Suzlon: A Trap or the Best Opportunity of the Year?
Is the Turnaround in Suzlon for real this time?
Should You Turn Bullish?
Here’s an extract…
A brutal combination of demand destruction, a highly leveraged balance sheet as well as regulatory flip-flops, turned the stock into one of the biggest wealth destroyers in recent history.
But of late, the stock has been on a comeback trail. It has multiplied more than 8x since the lows of March 2020. It has almost doubled in the last one year.
To be honest, this is not the first time the stock has attempted to make a comeback. It has tried doing it few times in the past as well.
But to me this appears to be the stock’s strongest comeback bid. In fact, the company recently released its full year FY23 results and they seem to be quite encouraging.
http://www.eqtm.in/Sk26B
Is the Turnaround in Suzlon for real this time?
Should You Turn Bullish?
Here’s an extract…
A brutal combination of demand destruction, a highly leveraged balance sheet as well as regulatory flip-flops, turned the stock into one of the biggest wealth destroyers in recent history.
But of late, the stock has been on a comeback trail. It has multiplied more than 8x since the lows of March 2020. It has almost doubled in the last one year.
To be honest, this is not the first time the stock has attempted to make a comeback. It has tried doing it few times in the past as well.
But to me this appears to be the stock’s strongest comeback bid. In fact, the company recently released its full year FY23 results and they seem to be quite encouraging.
http://www.eqtm.in/Sk26B
❤1
Forwarded from Fast Profits Daily
Underwhelming Market Breadth at All-Time Highs
https://www.equitymaster.com/india-markets/nifty/nse-nifty-heatmap?utm_source=submenu
https://www.equitymaster.com/india-markets/nifty/nse-nifty-heatmap?utm_source=submenu
👍4
Forwarded from Fast Profits Daily
Bank Nifty: Hourly Chart 🐻
The Bank Nifty hourly chart is currently favouring the bears, indicating that they have gained an upper hand in the market.
The recent breakdown of the trendline (marked in green), followed by a retest and the subsequent resumption of bearish momentum, serves as a clear signal of the bearish sentiment prevailing in the market.
Additionally, a breakdown, retest, and resumption of a triangle pattern (marked in red) further strengthens the bearish case. This development acts as an "icing on the cake," reinforcing the dominance of the bears.
Considering these factors, approach the Bank Nifty with caution and consider bearish strategies in your trading decisions.
Happy trading! 📉🐻
The Bank Nifty hourly chart is currently favouring the bears, indicating that they have gained an upper hand in the market.
The recent breakdown of the trendline (marked in green), followed by a retest and the subsequent resumption of bearish momentum, serves as a clear signal of the bearish sentiment prevailing in the market.
Additionally, a breakdown, retest, and resumption of a triangle pattern (marked in red) further strengthens the bearish case. This development acts as an "icing on the cake," reinforcing the dominance of the bears.
Considering these factors, approach the Bank Nifty with caution and consider bearish strategies in your trading decisions.
Happy trading! 📉🐻
👍7❤1
5 Energy Stocks Poised to Keep Growing Earnings
These five stocks could deliver impressive growth over the long term. Find out factors that can boost their earnings.
Top Energy Stocks
Here’s an extract…
The Indian energy sector is evolving and expanding, presenting opportunities for growth.
Companies are investing heavily when it comes to renewable and clean energy, without leaving any stones unturned.
In this context, there are five standout energy stocks that show promising signs of sustained earnings growth.
http://www.eqtm.in/Js48S
These five stocks could deliver impressive growth over the long term. Find out factors that can boost their earnings.
Top Energy Stocks
Here’s an extract…
The Indian energy sector is evolving and expanding, presenting opportunities for growth.
Companies are investing heavily when it comes to renewable and clean energy, without leaving any stones unturned.
In this context, there are five standout energy stocks that show promising signs of sustained earnings growth.
http://www.eqtm.in/Js48S
👍4
Stock Market Update - Sensex Today Trades Flat | CreditAccess Grameen Rises 6% | Bajaj Finserv & Titan Top Gainers
Indian markets are trading on a flat note with the Sensex trading 20 points higher, while the Nifty is trading lower marginally.
http://www.eqtm.in/Cz2q5
Indian markets are trading on a flat note with the Sensex trading 20 points higher, while the Nifty is trading lower marginally.
http://www.eqtm.in/Cz2q5
AI in the Indian Steel Sector -
Here’s an extract…
As AI technology continues to advance at a rapid pace, industries around the world are harnessing its power to drive innovation and productivity.
The steel industry, a vital sector of the India’s economy, is no exception. The use of AI is still in the early stages in the Indian steel industry. But it’s only a matter of time before it will be used extensively.
Here are some of the areas where, we at Equitymaster, believe that AI could bring significant growth.
http://www.eqtm.in/b3SFq
Here’s an extract…
As AI technology continues to advance at a rapid pace, industries around the world are harnessing its power to drive innovation and productivity.
The steel industry, a vital sector of the India’s economy, is no exception. The use of AI is still in the early stages in the Indian steel industry. But it’s only a matter of time before it will be used extensively.
Here are some of the areas where, we at Equitymaster, believe that AI could bring significant growth.
http://www.eqtm.in/b3SFq
Stock Market Update - Sensex Today Ends 216 Points Lower, Nifty Below 18,800 | Telecom & Power Stocks Drag | Adani Enterprises Slips 7%
Indian share markets end on a negative note. The BSE Sensex fell 216 points while the Nifty ended lower by 71 points.
http://www.eqtm.in/a7AJr
Indian share markets end on a negative note. The BSE Sensex fell 216 points while the Nifty ended lower by 71 points.
http://www.eqtm.in/a7AJr
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Why Tanla Platforms Share Price is Rising
Shares of Tanla Platforms have surged 41% in a month. What next?
http://www.eqtm.in/Ha3w7
Shares of Tanla Platforms have surged 41% in a month. What next?
http://www.eqtm.in/Ha3w7
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