Page 49 - Share Tips News Today

Sun TV Network has formed long bullish candlestick pattern on the daily timeframe, with trading above all key moving averages.

Experts foresee a rebound with resistance at 19,300-19,400 levels, followed by 19,500 levels in the coming session. In case the index breaks 19,200, then the correction can be seen up to the 19,000 mark

Short term consolidation or correction in this index can be ideal opportunity for medium to long term traders to enter into Auto and Auto ancillary space, says Ashish Kyal.

JK Paper returned to the high of May month, rising 4.4 percent to Rs 380 and formed long bullish candlestick pattern on the daily scale with strong volumes for yet another session.

Questor Inheritance Tax Portfolio: This software company has market-leading technology but is now on the receiving end of a bid

Quess Corp rose 4.7 percent to Rs 420.80 and formed long bullish candlestick pattern on the daily timeframe with above average volumes, continuing uptrend for second straight session, after consistent downtrend in previous 10 days in a row.

Tata Communications climbed 4.6 percent to Rs 1,782 and formed strong bullish candlestick pattern on the daily timeframe with above average volumes. The stock sustained above all short-to-long term averages.

Poly Medicure has formed Bullish Engulfing candlestick pattern on the daily timeframe and settled way above 20-day EMA. The stock has rallied 6.6 percent to Rs 1,429 with above average volumes.

Even if inflation stays elevated, it is prudent to stay invested in an asset class rather than holding cash and risking an inflation-impacted purchasing power, Amar Ambani of Yes Securities advised.

Midcap and Smallcap continued their outperformance during the recent corrective phase of the Nifty and therefore Nandish Shah of HDFC Securities expects their outperformance to continue for the coming weeks.