The sharp fall in the market has seen these stocks slip into oversold zone. Charts hint at a sharp rally in all these from the current levels, provided the overall market sentiment stays positive
Sobha Ltd, however, is expected to surge up to 14% indicates the daily chart.
Brokerages expect sales and earnings to grow faster than peers
The stock of Asian Paints has broken out of the resistance of Rs 3,000 levels with the up move indicating a rally towards Rs 3,150 to Rs 3,300 levels.
Back in 2017, Mark Galasiewski of Elliot Wave International had reiterated that he expects the S&P BSE Sensex to hit the 100,000 mark by 2024
This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further
Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)
A moving average, trendline, or gap-up breakout needs to have sparkling volumes to provide gradual rise
Market analysts attributed the upmove to positive sentiment generated from gradual lifting of lockdowns across countries
While investors will continue to monitor developments on the coronavirus front, the release of India's December quarter GDP numbers on Friday will be another top trigger for the markets
Market participants will watch out for the WPI-based inflation figures for December today
The US House of Representatives impeached Donald Trump for abuse of power and obstruction of Congress
YES Bank has told the exchanges it is considering the $500 million offer made by Citax Holdings and Citax Investment Group
Gold is stubbornly holding on to the levels of $1450 and any sustained breach with volume can crash the prices till $1430
As regards Biocon, the stock has provided a breakout from the inverse head and shoulders pattern with an increase in volume. There is a buy crossover in its oscillators as well
Bank of India, Dr Reddy's Lab, JK Lakshmi Cement, and YES Bank are among the 33 companies scheduled to report their Q2 earnings today
A total of 54 companies, including State Bank of India, Tata Motors, and Marico, are scheduled to announce their September quarter results today
Nifty is likely to inch towards 11,100 levels and till 10,900 and 10,850 levels are held, the overall bias remains positive, the analyst says.
The best approach to investing in the current market is through the systematic investment plan (SIP) route. Barring a few names, the broader markets, in general have turned attractive
Naveen Kulkarni, head of research at Reliance Securities, shares his views on the current state of stock market, its outlook, and top stocks and sectors he is overweight on in this special podcast