Even as indices trade near record highs, Kunal Sanghavi, CFO, HDFC Securities, told Financial Express Online that 2021 may not be a repeat of the 2020 rally
Gold surged to a record high level of near $2080/oz in August 2020. However, it witnessed a correction of about 15% reaching a low of near $1770/oz in late November, before recovering back to currentl
After showing consistent upmove over the last ten sessions, Nifty halted its upside momentum on Wednesday and shifted into a profit booking mode amidst a volatility
Some of key questions which we continue to deal with management in the boardroom pertain to why go public with an IPO, which is the right market to list it and what it takes to make it successful
Sanjiv Bhasin, Director at IIFL Securities Ltd, said that investors must stay invested as BSE Sensex and Nifty 50 have been hitting record levels almost every other day
The market will keenly observe how the distribution and logistics for the vaccine happens and what is the effectiveness of the vaccine in controlling further spread of COVID-19.
With the intermediate uptrend still intact, we expect the recent correction to be more of a short term nature and may have possibly bottomed out with the strong price action seen in the last two sessi
The sharp correction in Nifty 50 has not changed the macro trend and one can still find stocks worth investing in. These 4 IT stocks still have steam left and can propel the index further
After showing consolidation type movement in the last four sessions, Nifty shifted into an upside breakout of 13600 levels on Wednesday and closed the day higher by 114 points.
Although some correction might be on the cards but with an economy in recovery the correction might be pushed back by the long legs of the current rally.
The amount of time and effort which an investor puts in trying to time the market instead should be utilized towards identifying companies with strong fundamentals.
While the long term uptrend is intact and long term momentum readings are not overbought, the short term momentum readings like the 14-day RSI have entered overbought territory.
The display of instability around 13150-13200 levels could mean an emergence of selling pressure at the highs and one big drop in the index can't be ruled out from the new highs.
Expect the Nifty index to move lower towards the previous swing lows of 12607 in the coming 3-7 trading sessions. Short term pullback rallies cannot be ruled out.
India has had a very limited fiscal stimulus so far (less than 2% of GDP). Thus the sales pickup seen recently may be due to pent-up demand and it needs to be seen if it continues beyond the festive s
The short term trend of Nifty continues to be positive. A sustainable move above 13K levels in the next few sessions could open the next upside targets of around 13500-13600 levels in the near term.
People across the country celebrate Diwali in several ways, and when it comes to making investments, several traders invest during a special ‘Muhurat’ to mark a new beginning.
The odds do seem higher of the Nifty moving up further towards the 12900-13000 levels in the coming sessions. Short term sell offs however cannot be ruled out.