Hela July 24, 2019

Mumbai: Buying cheap stocks isn’t rewarding as some bargains may be too good to be true, according to a unit of India’s second-largest private bank. There’s a very low probability for a stock to reclaim its previous high if it has slumped more than 75% from its peak, analysts led by Vinod Karki at ICICI Securities […]

Hela July 21, 2019

Nifty 50 has gone through decent correction in the last two weeks. Probably, we could be in the last leg of the correction. The gap in the chart has been the major concern for the traders from past two months that was emerged ahead of Lok Sabha election result euphoria. The July 19 session registered […]

Hela July 1, 2019

Photocredit: © 2019 Bloomberg Finance LP © 2019 BLOOMBERG FINANCE LP There is a strong bias to the upside in this coming holiday-shortened week. Because June was strong, the odds of higher prices are increased to over 80%. Long positions are preferred. There is a weekly cycle low now in the Cisco share price. All […]

Hela June 11, 2019

The equity benchmark indices ends positive for the second straight session with gains in the IT and FMCG stocks. Sensex close at 39,784.52 rising 168.62 points, or 0.43% while the 50-share Nifty advanced 58.25 points, or 0.49%, ending at 11,928.90. The broader market staged a mixed performance with BSE Midcap gaining 0.11% but Smallcap index […]

Hela June 4, 2019

In the eventful week rather than volatility we have seen some kind of broader aspect of the market coming through. Nifty has closed at a level of around 11,925 which indicates that it moved around 0.7 percent for the week and maintained the gap up that it created earlier week around 11,650 quite convincingly for […]