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Aluminum is expected to move lower towards 240, as long as it trades under 243 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is to expected to remain under pressure amid strong dollar and diminishing prospects of Fed rate cuts in 2025. Better than expected US economic numbers has raised the probability of steady rates in the first quarter of 2025. Further, sticky inflation numbers would also strengthen the chance of a pause by the Fed. For the day focus will remain on key US Core PCE data which could bring further volatility in prices. Moreover, traders will a...
Aluminum is expected to move lower towards 240, as long as it trades under 243 - ICICI Direct
Aluminum is expected to move lower towards 240, as long as it trades under 243 - ICICI Direct
Source: ICICI Direct
2024-12-20 11:50:18 am
Stock Picks : Wipro Ltd and DLF Ltd By ICICI Direct Wipro Ltd Buy Wipro Ltd @ 309.50-310.50 Target 313.50 Stop Loss 307.90   DLF Ltd Sell DLF Ltd @ 869-870 Target 860.00 Stop Loss 874.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Wipro Ltd and DLF Ltd By ICICI Direct
Stock Picks : Wipro Ltd and DLF Ltd By ICICI Direct
Source: ICICI Direct
2024-12-20 11:31:53 am
Bank Nifty extended losses tracking weak global cues post US Fed meeting outcome - ICICI Direct Nifty :23951 Technical Outlook Day that was… Nifty gap downed today due to US Fed meet outcome. After the gap down Nifty settled weekly expiry session at 23951, down 247 points. The market breadth remained in favor of declines with A/D ratio of 1:1.5. Sectorally, barring Pharma all major indices ended in red weighed down by IT ,financials Technical Outlook: * The index witnessed a gap down opening (24150-24005). However, supportive efforts from 61.8% retracement of recen...
Bank Nifty extended losses tracking weak global cues post US Fed meeting outcome - ICICI Direct
Bank Nifty extended losses tracking weak global cues post US Fed meeting outcome - ICICI Direct
Source: ICICI Direct
2024-12-20 10:31:15 am
MCX Silver March is expected to face the hurdle near 89,200 and slide towards 86,800 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is expected to remain under pressure amid strong dollar and higher US treasury yields. Hawkish comments from the Fed chair amid strong growth numbers and projection of sticky inflation numbers would support the dollar to trade firm and restrict any major up move in the bullions. Further, expectation of better GDP in last quarter and drop in weekly jobless claims numbers would also weigh on the bullions. * Spot gold is likely to face t...
MCX Silver March is expected to face the hurdle near 89,200 and slide towards 86,800 - ICICI Direct
MCX Silver March is expected to face the hurdle near 89,200 and slide towards 86,800 - ICICI Direct
Source: ICICI Direct
2024-12-19 12:08:33 pm
Stock Picks : Rashtriya Chemicals and Fertilizers Ltd and LatentView Analytics Ltd By ICICI Direct Rashtriya Chemicals and Fertilizers Ltd Buy Rashtriya Chemicals and Fertilizers Ltd @ 179-183 Target 197.00 Stop Loss 172.50   LatentView Analytics Ltd Buy LatentView Analytics Ltd @ 493-505 Target 545.00 Stop Loss 479.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Rashtriya Chemicals and Fertilizers Ltd and LatentView Analytics Ltd By ICICI Direct
Stock Picks : Rashtriya Chemicals and Fertilizers Ltd and LatentView Analytics Ltd By ICICI Direct
Source: ICICI Direct
2024-12-19 11:50:09 am
The Bank Nifty opened with a gap down and gradually moved lower as intraday pullbacks failed to sustain - ICICI Direct Nifty :24198 Technical Outlook Day that was… Equity benchmark extended downward momentum over third session in a row ahead of US Fed meet outcome. Nifty settled Wednesday’s session at 24199, down 137 points. The market breadth remained in favour of declines with A/D ratio of 1:2 as broader market relatively underperformed. Sectorally, barring Pharma, IT all major indices ended in red weighed down by financials, metal Technical Outlook: * The index began the session...
The Bank Nifty opened with a gap down and gradually moved lower as intraday pullbacks failed to sustain - ICICI Direct
The Bank Nifty opened with a gap down and gradually moved lower as intraday pullbacks failed to sustain - ICICI Direct
Source: ICICI Direct
2024-12-19 10:20:36 am
MCX Copper December is expected to face the hurdle near 814 and move lower towards 800 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is expected to face the hurdle near $2665 and move lower towards $2620 amid strong dollar. Further, growing skepticism over Fed rate cuts in January will weigh on prices. Additionally, investors will remain cautious ahead of the Fed policy outcome. More focus will be on economic projections and dot plots to get more clarity on the Fed’s next move. * Spot gold is likely to move in the band of $2620 and $2665. But, formation of a ...
MCX Copper December is expected to face the hurdle near 814 and move lower towards 800 - ICICI Direct
MCX Copper December is expected to face the hurdle near 814 and move lower towards 800 - ICICI Direct
Source: ICICI Direct
2024-12-18 11:42:17 am
Stock Picks : Nagarjuna Construction Company Ltd and Mahanagar Gas Ltd By ICICI Direct Nagarjuna Construction Company Ltd  Buy Nagarjuna Construction Company Ltd @ 308-309 Target 313.00 Stop Loss 305.70   Mahanagar Gas Ltd Sell Mahanagar Gas Ltd @ 1246-1248 Target 1235.00 Stop Loss 1254.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Nagarjuna Construction Company Ltd and Mahanagar Gas Ltd By ICICI Direct
Stock Picks : Nagarjuna Construction Company Ltd and Mahanagar Gas Ltd By ICICI Direct
Source: ICICI Direct
2024-12-18 10:54:56 am
Equity benchmark inched downward ahead of US Fed meet outcome - ICICI Direct Nifty :24336 Technical Outlook Day that was… Equity benchmark inched downward ahead of US Fed meet outcome. Nifty dropped 332 points to settle Tuesday’s session at 24336. The market breadth turned in favour of declines with A/D ratio of 1:2 tracking profit booking in recently rallied stocks. Sectorally, all major indices ended in red weighed down by financials, auto, metal, Oil & Gas Technical Outlook: * The index started the session on negative note and gradua...
Equity benchmark inched downward ahead of US Fed meet outcome - ICICI Direct
Equity benchmark inched downward ahead of US Fed meet outcome - ICICI Direct
Source: ICICI Direct
2024-12-18 10:14:35 am
MCX Silver March is expected to remain in the range of 90,400 and 92,400 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is expected to hold the support of 50 day EMA at $2645 and move in a tight range ahead of the Fed meeting. Gains will be restricted on growing skepticism over Fed rate cuts in January. Further, expectation of better than expected retail sales numbers would also check any major up move in the metal. Meanwhile, all focus will remain on Fed’s monetary policy outlook which would give further clarity in price direction. * Spot gold i...
MCX Silver March is expected to remain in the range of 90,400 and 92,400 - ICICI Direct
MCX Silver March is expected to remain in the range of 90,400 and 92,400 - ICICI Direct
Source: ICICI Direct
2024-12-17 12:28:18 pm
Stock Picks : Infosys Ltd and Dr. Reddy`s Laboratories Ltd By ICICI Direct Infosys Ltd Buy Infosys Ltd @ 1972-1974 Target 1994.00 Stop Loss 1962.70    Dr. Reddy`s Laboratories Ltd Buy Dr. Reddys Laboratories Ltd @ 1263-1265 Target 1277.00 Stop Loss 1257.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Infosys Ltd and Dr. Reddy`s Laboratories Ltd By ICICI Direct
Stock Picks : Infosys Ltd and Dr. Reddy`s Laboratories Ltd By ICICI Direct
Source: ICICI Direct
2024-12-17 10:47:21 am
The index witnessed range bound activity and settled the session on a subdued note - ICICI Direct Nifty :24668 Technical Outlook Day that was… Equity benchmark started the week on a subdued note tracking muted global cues. Nifty settle the Monday’s session at 24668, down 100 points. The market breadth turned positive with A/D ratio of 1.2:1 as broader market relatively outperformed. Sectorally, realty remained outlier by gaining 3% followed by gains Consumer Durables while IT, metal, Oil & Gas witnessed extended breather Technical Outlook: * The i...
The index witnessed range bound activity and settled the session on a subdued note - ICICI Direct
The index witnessed range bound activity and settled the session on a subdued note - ICICI Direct
Source: ICICI Direct
2024-12-17 10:29:43 am
Stock Picks : Reliance Industries Ltd and Bajaj Finance Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @ 1263-1265 Target 1278.00 Stop Loss 1257.40   Bajaj Finance Ltd Buy Bajaj Finance Ltd @ 7162-7166 Target 7237.00 Stop Loss 7128.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Reliance Industries Ltd and Bajaj Finance Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd and Bajaj Finance Ltd By ICICI Direct
Source: ICICI Direct
2024-12-16 10:47:59 am
Equity benchmark concluded volatile week on a positive note amid expectation of US Fed rate cut - ICICI Direct Nifty :24768 Technical Outlook   Week that was… Equity benchmark concluded volatile week on a positive note amid expectation of US Fed rate cut. Nifty settle the week at 24768, up 0.4%. In the process, small cap index recorded fresh All Time High. Sectorally, barring IT, Consumer Durables, Financials outshone while FMCG, Oil & Gas, PSU Banks extended breather Technical Outlook: * The fag end buying demand from 61.8% retracement of last up move helpe...
Equity benchmark concluded volatile week on a positive note amid expectation of US Fed rate cut - ICICI Direct
Equity benchmark concluded volatile week on a positive note amid expectation of US Fed rate cut - ICICI Direct
Source: ICICI Direct
2024-12-16 10:02:44 am
Stock Picks : HAVELLS Ltd and Coal India Ltd By ICICI Direct HAVELLS Ltd Buy HAVELLS Ltd @ 1748-1750 Target 1768.00 Stop Loss 1739.40   Coal India Ltd Buy Coal India Ltd @ 411-412 Target 407.00 Stop Loss 413.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HAVELLS Ltd and Coal India Ltd By ICICI Direct
Stock Picks : HAVELLS Ltd and Coal India Ltd By ICICI Direct
Source: ICICI Direct
2024-12-13 10:44:53 am
Equity benchmark extended breather over fifth session in a row amid ahead of domestic inflation print and weakening rupee - ICICI Direct Nifty :24548 Technical Outlook Day that was… Equity benchmark extended breather over fifth session in a row amid ahead of domestic inflation print and weakening rupee. Nifty settled weekly expiry session at 24549, down 93 points. The market breadth turned negative with A/D ratio of 1:2 as Nifty midcap, smallcap underperformed, down 0.5% and 1%, respectively. Sectorally, barring IT, metal all other indices ended in red weighed down by FMCG, Oil & Gas, Auto Technical Outl...
Equity benchmark extended breather over fifth session in a row amid ahead of domestic inflation print and weakening rupee - ICICI Direct
Equity benchmark extended breather over fifth session in a row amid ahead of domestic inflation print and weakening rupee - ICICI Direct
Source: ICICI Direct
2024-12-13 09:45:02 am
Stock Picks : DLF Ltd and Aditya Birla Capital Ltd By ICICI Direct DLF Ltd Buy DLF Ltd @ 873-874 Target 882.00 Stop Loss 869.40   Aditya Birla Capital Ltd Buy Aditya Birla Capital Ltd @ 200.50-201.00 Target 203.00 Stop Loss 199.20   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : DLF Ltd and Aditya Birla Capital Ltd By ICICI Direct
Stock Picks : DLF Ltd and Aditya Birla Capital Ltd By ICICI Direct
Source: ICICI Direct
2024-12-12 10:37:13 am
Equity benchmark continued with its rangebound activity ahead of US inflation data - ICICI Direct Nifty :24642 Technical Outlook Equity benchmark continued with its rangebound activity ahead of US inflation data. Nifty settled the lackluster session at 24642, up 32 points. The market breadth remained strong as Nifty midcap, smallcap gained 0.3%, each Sectorally, consumer durables, IT, Auto outperformed while financials took a breather Technical Outlook: * The index traded in a narrow range of 100 points throughout the day. As a result, daily price action resulted into small b...
Equity benchmark continued with its rangebound activity ahead of US inflation data - ICICI Direct
Equity benchmark continued with its rangebound activity ahead of US inflation data - ICICI Direct
Source: ICICI Direct
2024-12-12 09:47:41 am
Equity benchmark extended breather over third session in a row tracking muted global cues - ICICI Direct Nifty :24610 Technical Outlook Day that was… Equity benchmark extended breather over third session in a row tracking muted global cues. Nifty settled the choppy session on a flat note at 24610, down 10 points. However, broader market relatively outperformed consequently market breadth remained slightly in favour of advances. Sectorally, IT, realty, PSU Banks remained in limelight while Oil & Gas, pharma took a breather Technical Outlook: * The fag end buying demand h...
Equity benchmark extended breather over third session in a row tracking muted global cues - ICICI Direct
Equity benchmark extended breather over third session in a row tracking muted global cues - ICICI Direct
Source: ICICI Direct
2024-12-11 10:12:49 am
MCX Copper December is expected to hold its gains and move towards 840, as long as it holds above 20 day EMA 820 - ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is to expected to face the hurdle near $2725 and move lower towards $2660 amid strong dollar. Sticky inflation numbers could derail the Feds stance on December rate cut and weigh on the bullions to trade lower. Meanwhile, growing prospects of loose monetary policy from major central banks and escalating geopolitical tension in the Middle East would provide support to the yellow metal. Moreover, focus will remain on this week’s key ...
MCX Copper December is expected to hold its gains and move towards 840, as long as it holds above 20 day EMA 820 - ICICI Direct
MCX Copper December is expected to hold its gains and move towards 840, as long as it holds above 20 day EMA 820 - ICICI Direct
Source: ICICI Direct
2024-12-11 09:33:43 am
Spot gold is expected to trade higher amid growing prospects of loose monetary policy from major central banks- ICICI Direct Metal’s Outlook Bullion Outlook * Spot gold is expected to trade higher amid growing prospects of loose monetary policy from major central banks. Escalating geopolitical tension in the Middle East and tension between Russia and Ukraine would enhance the safe appeal. Further, resumption of gold purchase by China to counter the impact of trade tariff concerns would provide support the bullions. Further, increasing chance of December rate cut by Fed would help the gold prices to move...
Spot gold is expected to trade higher amid growing prospects of loose monetary policy from major central banks- ICICI Direct
Spot gold is expected to trade higher amid growing prospects of loose monetary policy from major central banks- ICICI Direct
Source: ICICI Direct
2024-12-10 11:51:36 am
Stock Picks : Bank of Baroda Ltd and SAIL Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @ 262-263 Target 266.00 Stop Loss 260.80   SAIL Ltd Buy SAIL Ltd @ 125.50-126.00 Target 127.30 Stop Loss 124.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd and SAIL Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd and SAIL Ltd By ICICI Direct
Source: ICICI Direct
2024-12-10 10:37:49 am
We expect catch up activity can be seen in domestic market tracking its positive correlation with developed markets - ICICI Direct Nifty :24619 Technical Outlook Day that was… Equity benchmark started the week on a flat note tracking mixed Asian Cues. Nifty settled Monday’s session at 24619, down 59 points or 0.25%. However, market breadth remained strong with A/D ratio of 1.2:1 as Nifty Midcap, Smallcap index relatively outperformed by gaining 0.5% and 0.2%, respectively. Sectorally, Metal, Consumer Durables outperformed while FMCG, auto took a breather Technical Outlook: * Index started the ...
We expect catch up activity can be seen in domestic market tracking its positive correlation with developed markets - ICICI Direct
We expect catch up activity can be seen in domestic market tracking its positive correlation with developed markets - ICICI Direct
Source: ICICI Direct
2024-12-10 09:47:04 am
Stock Picks : Havells India Ltd and Hindustan Petroleum Corporation Ltd By ICICI Direct Havells India Ltd Buy Havells India Ltd @ 1739-1742 Target 1759.00 Stop Loss 1732.00   Hindustan Petroleum Corporation Ltd  Buy Hindustan Petroleum Corporation Ltd @ 390-391 Target 394.00 Stop Loss 388.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Havells India Ltd and Hindustan Petroleum Corporation Ltd By ICICI Direct
Stock Picks : Havells India Ltd and Hindustan Petroleum Corporation Ltd By ICICI Direct
Source: ICICI Direct
2024-12-06 11:12:33 am
Copper prices are expected to move in a range amid lack of clarity on the stimulus from China - ICICI Direct Bullion Outlook * Spot gold is to expected to face the hurdle near $2665 and move lower towards $2620 amid strong dollar and higher treasury yields. Cautious approach from the Fed on rate reduction amid strong economic numbers would reduce the chance of rate reduction in 2025. Further, expectation of better job numbers could also support the Fed to turn hawkish and take more restrictive steps in the coming year. The only factor that could provide support to prices would be global uncertain...
Copper prices are expected to move in a range amid lack of clarity on the stimulus from China - ICICI Direct
Copper prices are expected to move in a range amid lack of clarity on the stimulus from China - ICICI Direct
Source: ICICI Direct
2024-12-06 09:35:35 am
Spot gold is to expected to face the hurdle near $2665 and move lower towards $2620 amid stronger dollar - ICICI Direct Bullion Outlook * Spot gold is to expected to face the hurdle near $2665 and move lower towards $2620 amid stronger dollar. Cautious approach from the Fed on rate reduction due to strong economic numbers would reduce the chance of rate reduction in 2025. Steady job growth numbers and drop in unemployment claims data could also check any upside movement in the bullions. Meanwhile, trade worries and escalating geopolitical tension could bring safe haven demand and limit its downside. * Sp...
Spot gold is to expected to face the hurdle near $2665 and move lower towards $2620 amid stronger dollar - ICICI Direct
Spot gold is to expected to face the hurdle near $2665 and move lower towards $2620 amid stronger dollar - ICICI Direct
Source: ICICI Direct
2024-12-05 11:43:54 am
Stock Picks : Bajaj Finance Ltd and Titan Company Ltd By ICICI Direct Bajaj Finance Ltd Buy Bajaj Finance Ltd @ 6724-6728 Target 6796.00 Stop Loss 6690.00     Titan Company Ltd Buy Titan Company Ltd @ 3354-3358 Target 3390.00 Stop Loss 3338.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bajaj Finance Ltd and Titan Company Ltd By ICICI Direct
Stock Picks : Bajaj Finance Ltd and Titan Company Ltd By ICICI Direct
Source: ICICI Direct
2024-12-05 11:32:49 am
The index began the session on a positive note and gradually inched northward as the day progressed - ICICI Direct Nifty :24467 Technical Outlook Day that was… Equity benchmark concluded volatile session on a flat note amid volatile global cues. Nifty settled Wednesday’s session at 24467, up 10 points. Market breadth remained sturdy with A/D ratio of 1.5:1 as broader market endured its relative outperformance. Sectorally, financials, consumer durables, IT remained at forefront while FMCG, auto, oil & gas took a breather Technical Outlook: * Index witnessed a volat...
The index began the session on a positive note and gradually inched northward as the day progressed - ICICI Direct
The index began the session on a positive note and gradually inched northward as the day progressed - ICICI Direct
Source: ICICI Direct
2024-12-05 10:20:08 am
Stock Picks : Axis Bank Ltd and Bharat Electronics Ltd By ICICI Direct Axis Bank Ltd Buy Axis Bank Ltd @ 1156-1158 Target 1169.00 Stop Loss 1150.40   Bharat Electronics Ltd Buy Bharat Electronics Ltd @ 311-312 Target 315.00 Stop Loss 309.50   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Axis Bank Ltd and Bharat Electronics Ltd By ICICI Direct
Stock Picks : Axis Bank Ltd and Bharat Electronics Ltd By ICICI Direct
Source: ICICI Direct
2024-12-04 10:40:18 am
The index started the session with a positive bias and gradually inched upward as the day progressed - ICICI Direct Nifty :24457 Technical Outlook Day that was… Equity benchmark endured its winning streak over third session in a row tracking firm Asian cues. Nifty gained 181 points to settle the Tuesday’s session at 24457. Market breadth remained sturdy with A/D ratio of 2.6:1 as broader market relatively outperformed. Sectorally, barring FMCG and pharma, all major indices ended in green led by financials, metal, oil&gas Technical Outlook: * Index staged a strong r...
The index started the session with a positive bias and gradually inched upward as the day progressed - ICICI Direct
The index started the session with a positive bias and gradually inched upward as the day progressed - ICICI Direct
Source: ICICI Direct
2024-12-04 09:52:15 am
Stock Picks : Reliance Industries Ltd and DLF Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @ 1304-1307 Target 1320.00 Stop Loss 1298.70   DLF Ltd  Buy DLF Ltd @ 847-848 Target 857.00 Stop Loss 842.90       Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Reliance Industries Ltd and DLF Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd and DLF Ltd By ICICI Direct
Source: ICICI Direct
2024-12-03 11:17:41 am
The index started the session on a positive note and gradually inched upward as the day progressed - ICICI Direct Nifty :24276 Technical Outlook Day that was… Equity benchmark continued to inch upward over second session in a row tracking firm global cues. Nifty settled the session at 24276, up 145 points or 0.6%. Broader market outperformed as Midcap, Smallcap gained 1%, each. Sectorally, Consumer Durables, auto, metal outshone while FMCG, PSU Banks remained muted Technical Outlook: * The index started the session on a positive note and gradually inched upward as the day ...
The index started the session on a positive note and gradually inched upward as the day progressed - ICICI Direct
The index started the session on a positive note and gradually inched upward as the day progressed - ICICI Direct
Source: ICICI Direct
2024-12-03 10:28:18 am
Stock Picks : Rural Electrification Corporation Ltd and Indian Hotels Company Ltd By ICICI Direct Rural Electrification Corporation Ltd Buy Rural Electrification Corporation Ltd @ 531-532 Target 538.00 Stop Loss 527.90   Indian Hotels Company Ltd Buy Indian Hotel Ltd @ 790-792 Target 800 Stop Loss 786.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Rural Electrification Corporation Ltd and Indian Hotels Company Ltd By ICICI Direct
Stock Picks : Rural Electrification Corporation Ltd and Indian Hotels Company Ltd By ICICI Direct
Source: ICICI Direct
2024-12-02 11:07:57 am
The weekly price action resulted into small bear candle carrying higher high-low - ICICI Direct Nifty :24131 Technical Outlook Week that was… Equity benchmark extended gains over second consecutive week fueled by state election outcome that coupled with firm global cues. Nifty gained 1% to settle the week at 24131. Broader market remained outlier as Midcap, Smallcap gained 2.5% and 5%, respectively. Sectorally, Oil & Gas, PSU, Metal Outshone while Auto, IT remained subdued Technical Outlook: * The weekly price action resulted into small bear candle carryin...
The weekly price action resulted into small bear candle carrying higher high-low - ICICI Direct
The weekly price action resulted into small bear candle carrying higher high-low - ICICI Direct
Source: ICICI Direct
2024-12-02 10:56:36 am
MCX Copper December is expected to hold the support of 800 and move higher towards 814 - ICICI Direct Bullion Outlook * Spot gold is expected to trade lower and move towards $2605 amid strong dollar as better than expected US economic numbers fueled the bets of gradual pace of Fed rate cut cycle in 2025. Further, cease-fire in the Middle East and latest efforts from the Trump administration to cool down geopolitical tensions could check the upside in the bullions. Meanwhile, trade worries and escalating tension between Ukraine and Russia could bring Safe haven demand. Meanwhile, investors ...
MCX Copper December is expected to hold the support of 800 and move higher towards 814 - ICICI Direct
MCX Copper December is expected to hold the support of 800 and move higher towards 814 - ICICI Direct
Source: ICICI Direct
2024-12-02 10:53:36 am
Stock Picks : Bank of Baroda Ltd and Steel Authority of India Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @ 247-248 Target 250.20 Stop Loss 246.40   Steel Authority of India Ltd Buy Steel Authority of India Ltd @ 115-115.50 Target 117.00 Stop Loss 114.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd and Steel Authority of India Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd and Steel Authority of India Ltd By ICICI Direct
Source: ICICI Direct
2024-11-29 10:47:40 am
The index started the session on a positive note and surpassed the key resistance of 52600 mark - ICICI Direct Nifty :23914 Technical Outlook Day that was… Equity Benchmark ended monthly expiry session on a subdued note tracking muted global cues. Nifty lost 360 points or 1.5% to settle the session at 23914. However, market breadth remained strong with A/D ratio of 1.25:1 as broader market outperformed the benchmark. Sectorally, PSU Banks outshone while IT, auto, Consumer Durables took a breather Technical Outlook: * The index failed to surpass past 3 sessions high of 2...
The index started the session on a positive note and surpassed the key resistance of 52600 mark - ICICI Direct
The index started the session on a positive note and surpassed the key resistance of 52600 mark - ICICI Direct
Source: ICICI Direct
2024-11-29 09:47:45 am
Spot gold is likely to stay in the range of $2620 and $2660 with a positive bias - ICICI Direct Bullion Outlook * Spot gold is expected to move in the range of $2620 to $2660 amid lack of any major economic events today. Meanwhile, softness in dollar and higher probability of December rate cut would support the bullions to regain its strength. Moreover, increasing trade war concerns and escalating geopolitical tension between Russia and Ukraine would increase demand for safe haven. Meanwhile, investors focus will turn towards next week’s key US job report. * Spot gold is lik...
Spot gold is likely to stay in the range of $2620 and $2660 with a positive bias - ICICI Direct
Spot gold is likely to stay in the range of $2620 and $2660 with a positive bias - ICICI Direct
Source: icici Direct
2024-11-29 09:27:25 am
Stock Picks : HDFC Bank Ltd and Power Finance Corporation Ltd By ICICI Direct HDFC Bank Ltd Buy HDFC Bank Ltd @ 1805-1807 Target 1825.00 Stop Loss 1794.70   Power Finance Corporation Ltd Buy Power Finance Corporation Ltd @ 488-489 Target 495.00 Stop Loss 485.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HDFC Bank Ltd and Power Finance Corporation Ltd By ICICI Direct
Stock Picks : HDFC Bank Ltd and Power Finance Corporation Ltd By ICICI Direct
Source: ICICI Direct
2024-11-28 10:44:41 am
Bullish Candle Signals Breather After 1000-Point Rally Consolidation - ICICI Direct Nifty :24275 Technical Outlook Day that was… Equity Benchmark edged higher tracking firm global cues. Nifty gained 80 points or 0.3% to settle the session at 24275. In the process, market breadth remained in favour of advances with A/D ratio of 2.2:1 as broader market outperformed the benchmark. Sectorally, Metal, auto, Oil & Gas outperformed while pharma, realty, IT took a breather Technical Outlook: * The supportive efforts from Tuesday’s low helped...
Bullish Candle Signals Breather After 1000-Point Rally Consolidation - ICICI Direct
Bullish Candle Signals Breather After 1000-Point Rally Consolidation - ICICI Direct
Source: ICICI Direct
2024-11-28 09:56:05 am
MCX Copper December is expected to find the floor near 800 and move higher towards 814 - ICICI Direct Bullion Outlook * Spot gold is to expected to move in a tight range of $2620 to $2660 amid lack of any major economic events today. US Bank holiday on the eve of Thanksgiving day could bring less participation and lower volatility. Meanwhile, stronger dollar and diminishing chances of more aggressive rate cuts in the coming year would limit the upside in the yellow metals. On the other hand, increasing trade war concerns and escalating war situation between Russia and Ukraine would provide...
MCX Copper December is expected to find the floor near 800 and move higher towards 814 - ICICI Direct
MCX Copper December is expected to find the floor near 800 and move higher towards 814 - ICICI Direct
Source: ICICI Direct
2024-11-28 09:41:05 am
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @ 1289-1292 Target 1306.00 Stop Loss 1282.10   Ashok Leyland Ltd Buy Ashok Leyland Ltd @ 230-231 Target 233.20 Stop Loss 228.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd and Ashok Leyland Ltd By ICICI Direct
Source: ICICI Direct
2024-11-27 11:22:10 am
The index started the session on a positive note - ICICI Direct Nifty :24195 Technical Outlook Week that was… Equity Benchmark took a breather past two sessions sharp up move. Nifty settled Tuesday’s session at 24195, down 27 points. However, market breadth remained in favour of advances with A/D ratio of 21.4:1 as broader market outperformed. Sectorally, IT, FMCG outperformed while auto, pharma underwent profit booking Technical Outlook: * The index started the session on a positive note. However, failed to capitaliz...
The index started the session on a positive note - ICICI Direct
The index started the session on a positive note - ICICI Direct
Source: ICICI Direct
2024-11-27 09:51:01 am
MCX Aluminium December is expected to hold the support 241 and push the price towards 246 - ICICI Direct Bullion Outlook * Spot gold is expected to face the hurdle near $2650 and move lower towards $2600 amid strong dollar and growing prospects of slowdown in rate cuts. Further, forecast of better than expected economic numbers from US could check its upside. US GDP numbers is likely to indicate steady growth in the economy. Further, sticky inflation numbers could again hurt rate cut prospects which would weigh on the bullions. Meanwhile, global trade war concerns may limit he downside in the...
MCX Aluminium December is expected to hold the support 241 and push the price towards 246 - ICICI Direct
MCX Aluminium December is expected to hold the support 241 and push the price towards 246 - ICICI Direct
Source: ICICI Direct
2024-11-27 09:09:39 am
The index consolidated in a narrow range post initial gap up opening wherein buying demand emerged at elevated support base - ICICI Direct Nifty :24222 Technical Outlook Week that was… Equity Benchmark started the week on a buoyant note tracking state election outcome coupled with firm global cues that boosted market sentiment. Nifty gained 1.3% to conclude the Monday’s session at 24222. market breadth remained in favour of advances with A/D ratio of 2.3:1 as broader market outperformed. Sectorally, all major indices ended in green led by financials, Oil & Gas Technical Outlook: * The in...
The index consolidated in a narrow range post initial gap up opening wherein buying demand emerged at elevated support base - ICICI Direct
The index consolidated in a narrow range post initial gap up opening wherein buying demand emerged at elevated support base - ICICI Direct
Source: ICICI Direct
2024-11-26 09:41:20 am
MCX Copper December is expected to find the floor near 800 and move higher towards 814 - ICICI Direct Bullion Outlook * Spot gold is expected to face the hurdle near $2650 and move lower towards $2600 on easing safe haven demand. Further, strong dollar on forecast of better  than expected economic numbers from US could check its upside. US CB consumer confidence data is expected to show signs of strength in the economy. In addition, liquidation in the metals can be seen as most risk premiums have been eased. Further, trades will remain cautious ahead of this weeks FOMC meeting minutes...
MCX Copper December is expected to find the floor near 800 and move higher towards 814 - ICICI Direct
MCX Copper December is expected to find the floor near 800 and move higher towards 814 - ICICI Direct
Source: ICICI Direct
2024-11-26 08:57:29 am
Stock Picks : Larsen & Toubro Ltd and State Bank Of India Ltd By ICICI Direct Larsen & Toubro Ltd Buy Larsen & Toubro Ltd @ 3630-3634 Target 3672.00 Stop Loss 3613.40   State Bank Of India Ltd Buy State Bank Of India Ltd @ 828-831 Target 837.00 Stop Loss 823.90   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Larsen & Toubro Ltd and State Bank Of India Ltd By ICICI Direct
Stock Picks : Larsen & Toubro Ltd and State Bank Of India Ltd By ICICI Direct
Source: ICICI Direct
2024-11-25 11:54:36 am
The weekly price action started on a positive note - ICICI Direct Nifty :23907 Technical Outlook Week that was… Equity Benchmark staged a strong recovery and settled the truncated week on a positive note ahead of state election outcome. Nifty gained 1.45% to conclude the volatile session at 23907. Sectorally, IT, auto, realty remained at forefront while Oil & Gas concluded the week on a negative note Technical Outlook: * The weekly price action formed a bull candle with lower shadow, highlighting supportive efforts emergi...
The weekly price action started on a positive note - ICICI Direct
The weekly price action started on a positive note - ICICI Direct
Source: ICICI Direct
2024-11-25 09:43:24 am