Page 45 - Stock Tips News Today

LIC Housing Finance has formed Bullish Engulfing pattern on the daily charts, with significantly higher volumes. The stock rallied 8 percent to Rs 426.65, the highest closing level since September 16 last year and closed well above 20-day and 50-day EMA.

Till the time the Nifty does not surpass the 19,550 – 19,600 level on a closing basis, one should avoid being complacent and ideally, it’s better to avoid aggressive trades, according to experts

Institutional ownership in pharma space is at a decade low, says Anirudh Garg of Invasset PMS.

A stable bull market environment, growing economy, optimistic investor sentiments, and strong fundamentals of corporates is an ideal time for companies to go public, says Anil Rego of Right Horizons.

The short to medium term trend of the Nifty index looks corrective till 19,234 followed by 18,887 levels.

Bosch has experienced a significant breakdown on the daily chart, accompanied by a notable increase in trading volumes, suggesting a potential shift in the stocks trend.

PVRInox continued its uptrend for third consecutive session. With this rally, the stock has come back above 200-day EMA, while the trading volume was very strong in last couple of weeks.

If Nifty slips below its 20-DMA of 19,600, it might indicate a correction towards 19,300-18,888 levels.

Small-caps are a little more ebullient (NSE small-cap index is up 18 percent YTD), and while there are still excellent opportunities, diligence level should be enhanced at this point in time.

Trend for Welspun India looks bullish. Any dip towards Rs 105 can be used as a buying opportunity for a move towards Rs 122 as long as Rs 100 holds on the downside.