Page 27 - Sameet Chavan News Today

Market snaps weekly winning streak, ends below 15000 : Angel Broking

Dalal Street today: Traders said markets are experiencing correction after significant gains made post the Union Budget and positive quarterly results, while mostly remaining positive for small and mid-caps

Extended profit taking drags Nifty towards 15200 : Angel Broking

NEW DELHI: Niftys consolidation run continued to the third consecutive day as the headline index formed a bearish candle on the daily chart. The 50-pack bluechips underperformed the broader market as the rally continued in the midcap and smallcap space. Ajit Mishra, VP - Research, Religare Broking said, "In absence of any major trigger, we may see further consolidation in markets. Meanwhile, the focus should be on position management. Nifty has the next major support around the 14,850-14,950 zo...

NEW DELHI: Nifty50 fell for the third straight day on Thursday, but managed to hold above its immediate support at 15,100-15,080. The 50-pack formed a bearish candle on the daily chart and continued to form lower highs and lows. Analysts ruled out any major correction in Nifty as long as it holds above 15,000 level. “Although Nifty looked a bit tentative, it is nowhere close to seeing a trend reversal soon. The recent selloff needs to be construed as minor profit taking. In the coming session...

Weakness continues on weekly expiry, ends around 15100: Angel Broking

Sectorally, pharma, metal, PSU Banking and realty ended in the green. Meanwhile, IT, FMCG and private banks logged bearish closing

Some profit booking around 15400, avoid aggressive bets : Angel Broking

Analysts said Nifty has so far respected its support at 15,240 level, but expect some consolidation in the index in the coming sessions.

Last Close – Rs. 1315 Justification – This gold financing giant has been one of the rank outperformers over the past few years. It is very rare to see any kind of significant correction in the counter and even if it happens, investors just pounce on it to add to their portfolios. After a smart V-shaped recovery from March fiasco, the stock prices went into a consolidation mode, and the range was very much confined. With last week’s smart rally, the daily chart now exhibits a ‘Range Brea...