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Jash Engineering consolidated net profit rises 36.76% in the December 2020 quarter

Jash Engineering consolidated net profit rises 36.76% in the December 2020 quarter
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stock market analysis: Ahead of Market: 12 things that will decide stock action on Wednesday


Synopsis
Analysts expect volatility to remain high in the coming two sessions as the January derivatives contracts are scheduled to expire on Thursday.
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NEW DELHI: Nifty had a gap-up opening on Monday but ended up shedding almost a per cent in intraday trade. The headline index formed a long bearish candle on the daily charts as the 50 pack continued it s losing streak in the third consecutive session.
Analysts expect volatility to remain high in the coming two sessions as the January derivatives contracts are scheduled to expire on Thursday.
Rohit Singre, Senior Technical Analyst at LKP Securities said: The index has breached all good support which means if the index manages to sustain below today’s (Monday’s) low, then the index may hit 14,000 mark soon which is a strong support on the downside. On the higher side, the index found good resistance in the 14350-14440 zone and it would be the profit booking level for longs. ....

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market outlook: Ahead of Market: 12 things that will decide stock action on Thursday


NEW DELHI: Nifty formed a fresh lifetime high in the intraday trade and formed a bullish candle on the daily chart.
Manish Hathiramani, proprietary index trader and technical analyst at Deen Dayal Investments said, “We should now be headed to 14,800-14,900. Good support has been created at 14,200. Keeping that as a stop level, traders can time their long positions in the Nifty. A buy on dips strategy would be a prudent approach.
“An optimistic western market aided the Indian market to touch lifetime highs with new buying in segments like auto, IT and PSU bank. So far, the Q3 results are better than forecasted and this has led to continued buying across sectors. Ahead of Joe Biden’s inauguration as President, the US market is in an upbeat mood with high expectations of a big US stimulus, said Vinod Nair, Head of Research, Geojit Financial Services. ....

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