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Daily Market Analysis : Nifty has now corrected more than 10% from its record high, reaching its major moving average support Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd Below the Daily Market Analysis by Mr. Ajit Mishra, SVP, Research, Religare Broking Ltd   Markets extended their corrective phase, declining by nearly one and a half percent, continuing the existing downward trend. After a flat opening, Nifty gradually drifted lower, retesting its critical support at the 200-day exponential moving average (DEMA) for the first time in nearly five months. Pressure was felt across key sectors, with realty, metal, and auto stocks among the biggest...
Daily Market Analysis : Nifty has now corrected more than 10% from its record high, reaching its major moving average support Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Daily Market Analysis : Nifty has now corrected more than 10% from its record high, reaching its major moving average support Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Source: Religare Broking
2024-11-13 04:21:55 pm
Nifty kicked off the week on a positive note, gaining over half a percent, buoyed by strong global cues - Religare Broking Ltd NIFTY * NIFTY kicked off the week on a positive note, gaining over half a percent, buoyed by strong global cues. * Sector-wise, realty and IT saw gains, while metals and energy remained subdued. * Nifty closed above its 50 EMA, still faces resistance at the 25,300 level. * Traders are advised to maintain a stock-specific approach and consider hedged strategies.   BANKNIFTY * Banknifty exhibits multiple inside bars & final breakout for...
Nifty kicked off the week on a positive note, gaining over half a percent, buoyed by strong global cues - Religare Broking Ltd
Nifty kicked off the week on a positive note, gaining over half a percent, buoyed by strong global cues - Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-15 09:13:38 am
Markets ended the gaining streak and lost nearly half a percent, tracking feeble global cues - Religare Broking Ltd NIFTY * Markets ended the gaining streak and lost nearly half a percent, tracking feeble global cues. * Mixed trend on the sectoral front kept the traders busy wherein pharma, realty and FMCG edged higher while IT and metal witnessed profit taking. * We suggest maintaining focus on stock selection and trade management, with support zone intact at 24,850-25,000 zone in Nifty.     BANKNIFTY * Banking index opened lower but managed to curb the initial losses to...
Markets ended the gaining streak and lost nearly half a percent, tracking feeble global cues - Religare Broking Ltd
Markets ended the gaining streak and lost nearly half a percent, tracking feeble global cues - Religare Broking Ltd
Source: Religare Broking Ltd
2024-09-05 09:27:19 am
Nifty traded volatile for yet another session and ended marginally higher amid mixed cues - Religare Broking Ltd NIFTY * Nifty traded volatile for yet another session and ended marginally higher amid mixed cues. * Mixed trend on the sectoral front kept the participants occupied wherein metal, IT and media were among the top performers. * Indications are in the favor of prevailing consolidation to continue in the index. * Thus participants should maintain their focus on stock selection and risk management.   BANKNIFTY * Banking index snaps 3-day losing streak and closed high...
Nifty traded volatile for yet another session and ended marginally higher amid mixed cues - Religare Broking Ltd
Nifty traded volatile for yet another session and ended marginally higher amid mixed cues - Religare Broking Ltd
Source: Religare Broking Ltd
2024-01-11 10:15:10 am
Stock of the day : BUY IDFC First Bank Ltd For Target Rs.95- Religare Broking IDFC First Bank Ltd * IDFC First Bank has been in a steady uptrend for over one and a half years. * It has witnessed a breakout from brief consolidation while holding above its short term moving average on the weekly chart. * The price action and the uptick in volumes suggest the resumption of the prevailing uptrend. * We thus recommend creating fresh longs in the mentioned zone. Buy IDFC First Bank Ltd CMP 89.25; Range* 89-90 ; SL 86; Target 95   ...
Stock of the day : BUY IDFC First Bank Ltd For Target Rs.95- Religare Broking
Stock of the day : BUY IDFC First Bank Ltd For Target Rs.95- Religare Broking
Source: Religare Broking Ltd
2023-12-06 10:14:11 am
Nifty witnessed fireworks at the beginning of the week and gained two percent - Religare Broking Nifty * Nifty witnessed fireworks at the beginning of the week and gained two percent, in continuation of the prevailing uptrend. * All sectors participated in the move wherein banking majors contributed the maximum to the gains. * Nifty may take a breather around the 20,750 zone. * We recommend staying with the trend and utilizing a dip or consolidation as a buying opportunity   Banknifty * Banking index witnessed a strong rally and closed at record highs gainin...
Nifty witnessed fireworks at the beginning of the week and gained two percent - Religare Broking
Nifty witnessed fireworks at the beginning of the week and gained two percent - Religare Broking
Source: Religare Broking Ltd
2023-12-05 09:52:46 am
Nifty traded volatile on the monthly expiry day and ended marginally in the green- Religare Broking Nifty * Nifty traded volatile on the monthly expiry day and ended marginally in the green. * Rollover of derivatives positions kept the traders busy wherein realty and pharma pack put up a good show. * Rotational buying across sectors would keep the tone positive. * We thus suggest utilizing an intermediate pause or a dip to add quality names. Banking * Banking index recouped its early losses and finally settled marginally lower. * Mixed trend was witnessed...
Nifty traded volatile on the monthly expiry day and ended marginally in the green- Religare Broking
Nifty traded volatile on the monthly expiry day and ended marginally in the green- Religare Broking
Source: Religare Broking Ltd
2023-12-01 09:26:07 am