Page 48 - Stock Tips News Today

Shailendra Kumar, CIO of Narnolia Financial Services, expects a very healthy and stronger bull market for India based on structural fundamental changes in India which should drive a very broad base rally for a longer period of time.

The IT sector cannot be ignored on a long-term basis as it has created immense shareholder value in the long term.

Smallcap index ended up forming “Harami” candlestick pattern on the daily charts, which creates some chances of resuming primary uptrend. However, confirmation will come by looking at the direction in which index opens on June 27.

The index is likely to consolidate in the monthly F&O expiry week, and if the index takes support and rebounds, then 18,700-18,900 could be the resistance area, whereas 18,500-18,450 could be the next crucial support in case of correction in coming sessions

Prashant Shah believes one should be active in the mid-cap and small-cap segments whenever there is a strong pattern breakout on their relative strength charts

Auto sector does look slightly overvalued, hence, remain selective within the auto OEM space.

Natco Pharma has seen a big breakout of around six-week consolidation with strong volumes. The stock has also seen a crossover with 50-day EMA crossing the 200-day EMA in the week gone by, which is a positive sign.

The growth opportunity is much bigger in NBFCs compared to large banks.

TikTok videos featuring Warren Buffett discussing all kinds of subjects have attracted hundreds of thousands of likes on the platform.

The overall trend looks positive, the Nifty index can move higher till 19,000 followed by 19,366 levels in the coming future.