Page 24 - Sameet Chavan News Today

The momentum indicator signalled bearish crossovers — a sign of bearish undertone — on these counters, hinting at possible downsides in the days ahead. Some of the stocks have fallen up to 18 per cent in Tuesdays trade so far.

Read more about Sameet Chavan of Angel Broking expects Nifty to hit 15,600 soon on Business Standard. On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.

Nifty Outlook The market continues with its recent trend where the opening on Monday happens either with an upside or a downside gap. For the second straight week, the market started on a pleasant note, owing to some recovery in the global markets. On the same day, Nifty managed to move beyond 14,900 first and the following day, the sturdy wall of 15,000 was thrashed convincingly. Everything looked hunky-dory but all of a sudden the global markets again became nervous and due to this, we witne...

NEW DELHI: India’s own ‘meme’ stock, ITC, has climbed in six of last eight sessions, making traders wonder whether the scrip will finally come out of its painful range after exhibiting extreme rangebound movements for a long time now. Rangebound trading on the cigarette maker has made it a popular theme for ‘meme’ lovers across social media platforms. On Monday, the stock rose 0.09 per cent to close at Rs 212.55 in the back of Friday’s 4.45 per cent gain. Technical charts suggest t...

ACC and a host of midcap and smallcap stocks are looking strong on momentum the oscillator MACD or moving average convergence divergence charts. The momentum indicator has signalled bullish crossovers — a sign of bullish undertone — on 38 counters, hinting at possible upsides in the days ahead. Some of the stocks have already climbed up to 13 per cent in Tuesday’s trade so far. The list included Oberoi Realty, which climbed 2.4 per cent in Tuesdays trade to Rs 545. IFB Industries (up 5 p...

COVID vaccination drive, Q4 earnings to drive market sentiment this week The BSE Sensex climbed 424.11 points to 49,206.47 and the Nifty was up 192.05 points at 14,823.15 during the week.   Share Via Email   |  A+A A- By Express News Service NEW DELHI:  Supported by the RBI’s liquidity measures for Covid-hit sectors, better than expected Q4FY21 corporate earnings and global factors such as USA’s decision to waive intellectual property rights on vaccines, India’s equity markets e...

Nifty Outlook Last week, the markets once again surprised everyone with a huge downside gap on Monday. It seemed as if we were completely decoupled with global peers as the weak opening had nothing to do with global cues. Since we are battling with the mounting concerns over Covid-19 cases in our country, the markets are having a knee-jerk reaction to this development. In the initial trades, the selling augmented to challenge the 14,200-mark. Fortunately, the market saw some buying interest at...

Tata Steel, Asian Paints among 21 stocks sending out weak signals on MACD charts SECTIONS Share Synopsis Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints, Dr Lal Pathlabs, Hindustan Unilever, Britannia Industries, Nestle India and Shree Cement. Getty Images Take Solutions, Inox Wind, Advanced Enzyme, Whirlpool of India, Heritage Foods, Insecticides, TVS Srichakra and Lovable Lingerie are some other stocks, which look strong on the MACD indicator. ...

NEW DELHI: Niftys promising gap-up on Tuesday proved to be days high, as the index ended the session forming a bearish candle on the daily chart that resembled Bearish Belt Hold. During the day, the Nifty bulls struggled at 14,500 level, even as they defended the crucial support of 14,200 well. The face saving-act, however, did not impress analysts, who believe the index could soon breach the 14,200 level and trigger more weakness. Sameet Chavan of Angel Broking said that the market is struggl...

Read more about Nifty outlook and stock picks by Sameet Chavan: Buy Balrampur Chini, Pfizer on Business Standard. The deciding factor in days to come has to be the financial space