Page 37 - Senior Technical News Today

For Thursday, share market analysts from a few brokerages have assigned Buy calls on HDFC Bank, L&T Finance, CEAT and PBCL. Check share price targets, analysis, investment rationale and other crucial details about these fundamental bets.

MCX Gold futures have gained nearly Rs 3,000 or 5.21% in October largely aided by the Israel-Hamas crisis since last week, Anuj Gupta, Head Commodity & Currency, HDFC Securities said. As for Silver futures, the gains are to the tune of 2.90% or Rs 2,025 on the month-to-date basis, he added.

Nifty on Thursday ended 46 points lower to form a small green candle with an upper shadow on the daily chart and signalled buying interest at lower levels. Put writers were seen strengthening their position at 19,500 strike. If the index weakens further, it can find support around 19480-19450 levels and any upside bounce from here could encounter resistance around 19700 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Bajaj Auto, Wipro, LTIMindtree Q2 results, IRM Energy IPO to open for subscription in Top News on October 18: Share markets, Nifty, Bank Nifty, gold, crude oil outlook, banks closed in Assam on Kati Bihu, Samsung Galaxy A05s India launch, daily petrol and diesel rates also in focus in top stories today.

Indian equity indices declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns over elevated oil prices and US interest rates as well as the Middle East conflict.

Top stocks to watch: Bajaj Finance, Tata Elxsi, Jio Financial, HDFC Bank, Lemon Tree, Data Patterns, Caspian Corporate Services, Gensol Engineering, Glenmark Life Sciences, Kama Holdings and some other counters will be in focus today.

Meanwhile, the December silver futures were trading at Rs 70,785 per kg, lower by Rs 252 or 0.58%. Both gold and silver gained over 4% in the week gone by.

Nifty futures on the NSE International Exchange traded 5 points, or 0.03 per cent, lower at 19,806, hinting at a flattish start for the domestic market on Tuesday.

For Tuesday, a domestic brokerages share market analyst has assigned Buy calls on Samvardhana Motherson International, Star Cement and Metro Brands. Check share price targets, analysis, investment rationale and other crucial details about these technical bets.

KIOCL shares jumped by 20 per cent on Tuesday for the second session in a row after its Mangaluru pellet manufacturing unit commenced operations on October 14, Vaibhav Vidwani, Research Analyst, Bonanza Portfolio, said.Due to a shortage of iron ...