Page 30 - Share Tips News Today

Nitin Agrawal of Torus Oro PMS is very positive on the Industrial space as India transforms into the Factories of the world and policies like PLI will provide a significant boost to that vision.

The overall market structure remains bullish as long as Bank Nifty remains above the 46,300 mark.

BLS International has seen a breakout of downwad sloping resistance trendline in previous session. Further, the stock traded well above all key moving averages.

Traders are advised to hold longs with trailing stop-loss of 20,500 in Nifty on the closing basis.

IRFC has seen a consolidation breakout. The stock has formed long bullish candlestick pattern on the daily charts with robust volumes and traded above all key moving averages.

Good themes to bet in 2024 would be large cap category which has not given as good return compared to Mid/small cap category, says Akhil Bhardwaj of Alpha Capital.

The phase of consolidation may last as long as the index trades below the 21,000 mark, with immediate support at 20,850 and crucial support at the 20,500-20,300 levels, but if the index decisively closes above 21,000, then 21,500 could be the possibility

The primary concern for equity markets entering 2024 centers around the potential impact of rising crude oil prices, says Samir Bahl.

Indiabulls Real Estate saw a healthy breakout of downward sloping resistance trendline. The stock has formed strong bullish candlestick pattern on the daily scale and traded above all key moving averages.

While momentum indicators signal overbought conditions in the market, the strong trend indicates inherent strength.