Page 39 - Share Tips News Today

Abhishek Banerjee is very bullish on sectors that have higher operating leverage and can increase their return on installed capacity quickly.

If an investor takes a slightly medium-term view over the next 2-3 years, Naveen Chandramohan believes, infrastructure and power will continue to surprise on the upside.

NLC India saw a breakout of falling resistance trendline adjoining highs of September 6 and October 12, and formed healthy bullish candlestick pattern on the daily charts, with healthy volumes.

The outlook for the Nifty index leans towards a bearish scenario. There is an expectation of further downward movement in the Nifty, potentially reaching down to the 18,460 level if it breaches the 18,830 support.

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Godfrey Phillips India continued uptrend for fifth consecutive session. Also, it has seen V-shape recovery, with trading above all key moving averages (20, 50, 100 and 200-day EMA), which is a positive sign.

Interest rates in the US and developed world are likely to remain higher for longer as inflation and growth are both higher-than-expected, especially growth, says Mihir Vora.

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If Nifty manages to breach 19,200-19,225, it could trigger short covering and potentially drive the index towards 19,330 or even 19,440.

Looking at the positional technical setup, it would be advisable to lighten long commitments in the resistance zone of 19,230-19,333.