Page 46 - Technical Analyst News Today

Shares of Suzlon Energy Ltd snapped their five­-session winning run amid weak sentiment in the broader market in early trade today. The stock gained 13.26% since the November 9 close of Rs  37.32 on BSE. The stock has been rallying amid news that it could enter AMFI's midcap category in the January rejig. Another trigger behind the rally last week was the news that Suzlon Energy was likely to be included in the MSCI Global Standard Index during its upcoming rejig on November 15.  The ren...

The smallcap index ended in the positive even as the advance decline ratio softened to 1.09:1. Nifty on Monday formed a small red candle with minor upper and lower shadows on the daily chart

MGA CEO delivered speech

Suzlon Energy now needs to sustain over Rs 40-level to embark on a fresh upside. The immediate support comes in at Rs 32. A breakout of Rs 42 could trigger upside in the direction of Rs 50.

All banking indices were trading lower in the morning, a day after the Reserve Bank of India tightened the norms for personal loans and credit cards to check the unbridled growth in the unsecured loan segment

Nifty IT index outperforms the Nifty 50 this year. IT stocks gain on hopes of US Fed rate hike pause and strong earnings.

The options data suggested that 19,800-20,000 will act as a resistance area for the Nifty50, with immediate support at 19,700-19,600 levels

Major NIfty gainers included Hero MotoCorp, Tech Mahindra, TCS, HCL Technologies and Infosys, while losers were Axis Bank, Coal India, Power Grid Corporation, Tata Consumer Products and Adani Enterprises

The S&P 500's breakout "increases the likelihood of a test of more important resistance near 4,600 between now and year-end."

Day trading stocks: Market experts have recommended five stocks to buy today — M&M, IndusInd Bank, Coal India, Hindustan Copper and Sun TV