Stock Trading

Election Outcome will lead Indian Markets next week

Indian markets will depend largely on election results for the short term. The elections have left the market participants in confusion about the outcome. Markets prefer to have stable government and the outcomes of elections will decide the short and medium term trend for the markets.

Nifty on the daily chart has formed a piercing pattern as bulls return despite clouds of volatility. A week that was turning out to muted saw a sharp recovery in indices and Nifty on last trading session to soar and close above 20 Days MA at 11407.

Yes Bank could find support at lower levels of 125 - 126: Epic Research

Yes Bank has suffered a lot in the last few months. The leading private sector bank has been facing lot of negative news and the latest quarterly results have turned it bearish. The stock could move slightly down from current levels and long term investors can buy at declines.

Prices are in a bearish trend. Since the last few quarters stock has been in the news. Due to concern over its Balance sheet, Asset quality, exposure to IL&FS, Directors and now RBI appointing an additional director for two years.

If not explicit its implicitly a concern for investors and anyone who is looking to hold the stock for the long term.

Indian Markets will take direction from Q4 Results and Global Cues

The Benchmark Nifty50 started the week on a negative note due to some profit booking from higher levels and remained range bound in the short trading week, as markets were closed on Monday and Wednesday. It traded between the range of 11800 to 11650 levels on daily charts.

Nifty is consolidating around higher levels but could not sustain above important levels of 11800. Traders are cautious of general elections as now the elections have entered its midway. However, the slowdown in economic growth could be a matter of concern for traders & investors. Once Nifty sustains above 11800 levels then we could see a further uptrend in it but if it does not sustain above this level then there could be fall in Nifty till the support of 11550 levels.

Indian Markets Remain Range-bound this week

Nifty traded in a small range of 150 points for the week and closed above 11700 with a negative candle on daily and weekly chart. BANKING and AUTO stocks showed recovery from recent bottom vise versa IT & NBFCs corrected from their recent highs, due to election results range bound movement is still expected on INDEX whereas stock specific volatility is expected. Stocks like BATA INDIA, ADANI PORTS, WIPRO trading around their 52 weeks high can show correction from high levels, one need to be stay more cautious while taking stock specific position till election result announcement. Bull run is expected according to chart formation any dip should be taken as buying opportunity.

Small Cap Stocks in Indian Market on our Watch List

While large investors and institutions bet their money on large cap stocks, majority of small and medium investors make their money from mid-cap or small cap companies. Large caps are considered safe bets but small caps and mid-caps offer better returns if the companies perform as expected.

TopNews team has been keeping a keen watch on some mid-cap and small-cap companies. Most of these stocks are fairly priced and in many of these cases, the stock valuation is low due to concerns over management.

Yes Bank could offer buying opportunity around 130 levels: CapitalAim

Yes Bank stock suffered a major decline in the stock market on Tuesday after the bank reported first ever quarterly loss. The bank reported a loss mainly due to write-off related to IL&FS exposure. Market analysts are expecting that Yes Bank stock could drop even further and touch 52-week low. Buying right now may not be the best strategy as the stock could offer opportunity at lower levels.

As per views of Mr. Manish Yadav, Head of Research, CapitalAim, after steep fall of stock to 165 level, we would advise short term traders to avoid buying at current levels and look for buying opportunity only around 130 levels for a bounce back.

Reliance Industries Results Could Offer Momentum to Markets

Nifty forms a Star pattern on the weekly chart as profit booking at higher levels was observed amid a shortened week. Nifty marked a new all-time high of 11856 while Nifty bank also made a new all-time high of 30669. Backed by the improved breadth and bullish sentiment Nifty was seen positive as it breached the bullish continuation formation it had been in the last few days.

Global markets were trading in a very small range amid indecision as there was also some profit booking despite a better than expected number from China of Industrial Production and Retail Sales and US manufacturing Index as well.

Indian Stock Market Outlook: Epic Research

Nifty forms a shooting star as false breakout traps the bulls on the upside and ended down with marginal gains. A shooting star is a reversal pattern which is characterized as a small body with an upper shadow twice the range of body that indicates the weakness at higher levels and a possible impending reversal.

With Cheers of Budget that brought relief to a large base of honest taxpayers followed by Rate cut decision of RBI; Nifty managed to breach much important 10970 - 11000 mark though it was the profit booking at higher levels and the confluence of resistance levels placed above 11100. A Doji star followed by a falling window on a daily scale has seriously put some dent on the charged bulls.

Indian Markets Witness Sell-Off at Higher Levels

Indian Stock Markets witnessed sell-off at higher levels and markets closed nearly one percent lower on Friday. The sell-off led to lower stock valuations after the recent pullback in the markets. The markets will see stock specific action as quarterly results will be announced by companies in the coming weeks. Epic Research has shared the following viewpoints about market direction in coming week.

Bears Engulf on the streets as Bulls were being onslaught at higher levels of 10700 - 10680. The crash and Sell-off was amid multiple factors that were being discounted at one point of time from stock-specific quarterly earnings to FOMC Meeting. A lot was there for investors to be nervous about and that resulted in a sharp sell-off with a rise in volatility.

Indian Market triggers for next week will be IIP data and Quarterly results: Epic Research

Market triggers for next week is IIP data and Quarterly results

Indian markets scaled new highs this week as many companies posted strong quarterly results and global markets were buoyant. Investors are expecting markets to remain strong and select counters have witnessed renewed selling after sell-off seen few weeks back. Markets could face a correction as well but all that would depend on global cues.

Nifty posts a third week of continued gains taking positive cues from the global market, falling crude oil prices and FII coming back to Indian equity market. Nifty made a fresh all-time high yet again for a third consecutive week of 11495.20 while profit booking dragged it lower to close it at 10429.

Quarterly Results will impact further movement in Indian Stocks

Quarterly Results will impact further movement in Indian Stocks

Stock specific action can be expected as many companies will declare their quarterly results. Some of the companies which Epic Research has tracked, will be announcing results. Have a look at what you can expect from some of the blue chip companies declaring results.

CEAT - Ahead of good Q1 results stock has surged nearly 9% in intraday. The stock has also given a breakout of double bottom chart pattern on the daily chart and given closing above the neckline. We recommend buying from the current level for the target of 1400 with the stop loss of 1310.

Indian Stock Market Outlook by Epic Research

Indian Stock Market Outlook by Epic Research

Global markets recovered by Indian market remained under pressure last week. The markets recovered during Friday's trading session but market analysts are still not sure if the markets will show a strong upside movement in the coming week. Have a look at Epic Research analysis on Indian Stock Market.

Nifty rebounds after three weeks of consecutive losses and end with indecisiveness forming a long-legged Doji on the weekly chart. A week with a lot of consolidation as the market traded within a range of 2%. Global market cues were also mixed as most leading indices were in consolidation while only Euro markets traded higher. Late weekend buying helped Nifty to almost reclaim the 10500 mark while bank Nifty also rebounded from 24800 to comfortably settle above 25K mark.

Sensex, Nifty open flat on Budget day; Infosys down

Sensex, Nifty open flat on Budget day; Infosys down

New Delhi [India], Feb 1 : The market on Wednesday opened on a flattish note with the Budget day ahead.

The Sensex traded up 16.91 points at 27672.87 and the Nifty traded up 8.20 points at 8569.50.

Shares such as Lupin, SBI, Adani Ports, Hero Moto and Wipro were among the major gainers while ICICI Bank, Infosys, TCS and Sun Pharma were among the losers in the Sensex.

The Indian rupee gained in the opening trade. It opened higher by 22 paise at 67.65 per dollar against previous close 67.87.

With the final countdown of the Budget, all eyes today are on the Finance Minister Arun Jaitley, who is expected to project taxes and spending post demonetisation.

Sensex, Nifty open strong; GAIL, BHEL top gainers

Sensex, Nifty open strong; GAIL, BHEL top gainers

New Delhi [India], Jan 27 : The market on Friday opened February Futures and Options (F&O) series on a strong note with the Nifty above 8600. It traded up 22.05 points or 0.3 percent at 8624.80 while the Sensex traded up 122.76 points or 0.4 percent at 27830.90.

Shares such as GAIL, BHEL, ICICI Bank, TCS and Sun Pharma were top gainers while Wipro, Dr Reddy's Labs, Lupin and Tata Steel were losers in the Sensex.

The Indian rupee opened lower by 10 paise at 68.18 per dollar on Friday versus Wednesday's closing of 68.08.

According to the market analysts, the dollar index has recovered from seven week lows, so there is a possibility of the USD-INR to trade in a range of 68.05-68.25/dollar.

Nifty above 8400, Sensex flat; HCL Tech, Bharti down

Nifty above 8400, Sensex flat; HCL Tech, Bharti down

New Delhi [India], Jan 24 : The market on Tuesday opened flat with the Nifty above 8400. It traded up 23.65 points or 0.3 percent at 8415.15 while the Sensex traded up 73.91 points or 0.3 percent at 27191.25.

Shares such as GAIL, Adani Ports, HDFC Bank and SBI were among top gainers while Bharti, HUL, Infosys, Asian Painrs and Wipro were amongst the losers.

The Indian rupee opened higher by 12 paise at 68.08 per dollar on Tuesday against previous day's closing of 68.20 per dollar.

As per the market analysts, the rupee is likely to remain range bound within the range of Rs. 68-68.30 against the US dollar.

The dollar slumped to a seven-week low against a currency basket, weighed by concerns about the early days of Donald Trump's administration.

BSE to delist 36 companies from its platform on January 20

BSE to delist 36 companies from its platform on January 20

New Delhi [India], Jan 19 : The Bombay Stock Exchange (BSE) on Thursday announced its decision to delist 36 companies listed on its platform from January 20 as they have remained suspended for more than 13 years.

As per the circular released by the leading stock exchange, the step is in addition to over 250 firms already delisted by the exchange last year.

The securities of these firms have been under suspension for more than 13 years on account of non-compliance of various clauses of listing regulations.

"Trading-members of the exchange are hereby informed that 36 firms that have remained suspended for more than 13 years would be delisted from the platform of the exchange, with effect from January 20, 2017," read the BSE circular.

Nifty opens above 8400, Sensex gains; HDFC up one pct

Nifty opens above 8400, Sensex gains; HDFC up one pct

New Delhi [India], Jan 18 : The market on Wednesday opened higher amid the global uncertainty. The Sensex traded up 71.48 points or 0.3 percent at 27307.14 and the Nifty traded up 22.40 points or 0.3 percent at 8420.40.

Shares such as Tata Motors, HDFc, Axis Bank, Cipla and Tata Steel are top gainers while Coal India, ICICI Bank, Bajaj Auto, Lupin and HUL are losers in the Sensex.

The Indian rupee opened marginally higher at 67.93 per dollar on Wednesday versus previous close of 67.95 against the US dollar. The dollar fell to a four-week low, moving lower against all group of 10 currencies with sterling leading the charge.

After a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain since 2008.

Nifty hits 8400, Sensex in green; Infosys, ONGC up ahead of Q3

Nifty hits 8400, Sensex in green; Infosys, ONGC up ahead of Q3

New Delhi [India], Jan 12 : The market on Thursday opened higher with the Nifty nearing 8400 after US President-elect Donald Trump's speech did not give any specific policy details.

The Nifty traded up 10.35 points or 0.1 percent at 8391, while the Sensex traded up 49.61 points or 0.2 percent at 27190.02.

Shares such as Infosys, ONGC, Adani Ports, Tata Motors and Hero MotoCorp are top amongst the gainers while Dr Reddy's Labs, Sun Pharma, Lupin, Cipla and ITC are losers in the Sensex.

The Indian rupee gained in the early trade. It opened higher by 17 paise at 68.15 per dollar versus 68.32 Wednesday.

Sensex crashes 1600pts, Nifty below 8100 on US polls, black money

Sensex crashes 1600pts, Nifty below 8100 on US polls, black money

New Delhi [India], Nov 8 : Wednesday morning witnessed a situation of blood bath on Dalal Street as nervous investors welcomed triggers with US elections outcome around the corner as Donald Trump leads in the US elections.

Also, the market apprehensions are on the rise as it welcomed government's decision to withdraw Rs. 500 and Rs. 1000 notes in an attempt to curb black money.

The Sensex witnessed a crash of 1584.19 points or 5.7 percent at 26006.95, while the Nifty witnessed a downfall of 474.00 points or 5.6 percent at 8069.55.

The dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge US presidential race pointed to a strong showing by property mogul Donald Trump.

Sensex surges over 200 points; Nifty reclaims 8,900 mark

Sensex surges over 200 points; Nifty reclaims 8,900 mark

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Saturday surged 213.71 points or 0.73 percent in the early session ahead of the Union Budget.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 56.85 points or 0.64 percent up at 8,901.45 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,411.33 points, was trading at 29,433.83 points (at 9.15 a. m.) in the early session, up 213.71 points or 0.73 percent from the previous day`s close at
29,220.12 points.

The Sensex touched a high of 29,437.59 points and a low of 29,406.10 points in the trade so far.

All the sectors were trading in green. The rally was led by banking, capital goods and consumer durables sectors.--PTI

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