Page 26 - Includes Docubay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

While the bank nifty might be facing pressure in today’s trading session, it is because of the three private banks with high weightage in the indices witnessing selling pressure.For contrarian and short term traders there might be an opportunity given the fact that it has been witnessed that such moves are followed by short covering sooner or later. But again this probably is trade for high risk traders or investors who have the ability to take a stand against market narrative. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with de...

It was the second time in the last ten days that banks are leading to decline in the market and the midcap index is trading with cuts which were greater than broader market indices. Yesterday should serve as a reminder to all those who have been buying stocks in the last few weeks without even bothering to look both at fundamentals and valuations. For all those who are looking at taking fresh exposure in small and mid-cap segments it would be better that rather than doing post facto analysis they should do more homework by looking at some fundamental ratios and business of the company. Despite...

On Tuesday, when the whole market was reeling under pressure, two stocks reacted to their numbers in a positive direction. Both of them were large caps from one sector which is pharma. This becomes significant from three perspectives. First, that positive reaction was there on the day when there was a bloodbath on the street. Second, these stocks were already sitting on gains, so there is little probability of short covering leading to this sort of gains. Last but not the least it has come from sectors like pharma which have seen a very long phase of business remodelling and valuation readjust...

Tech Mahindra breaks out from consolidation phase since April 2022, hitting fresh 52-week highs. Short-term traders can buy stock on dips for target of 1575 in 5-6 weeks. Stock rose over 10% in a week and 16% in last 3 months. Momentum helped stock breakout from consolidation phase. It is now trading above crucial short- and long-term moving averages. RSI is at 68.7, MACD is bullish. Stock has been consolidating in range of 950-1300. Fresh breakout above key resistance level of 1300. Delivery buying suggests long build. Buy stock for upside target of 1570-1575 with stop loss below 1200.

While the nifty is moving in and out green, there are clear signs of profit booking taking place in the broader market with market breadth being negative. While the initial part of any volatility is led by large caps, as this time it is being led by banks, but there is a higher probability that the large caps are able to stabilize much before any part of the market. So, if one is thinking of fresh exposure to the market it would be better to stick with large caps. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 m...