Nifty has repeatedly been testing the support of 17,800 levels by forming lower highs. The market action of the last 2-3 weeks also signals the formation of a triangle type pattern and Nifty is now placed at the lower end of a triangle, said Nagaraj Shetti of HDFC Securities.
Reseñas
IT pack tends to beat Nifty in global crises. Can it pull of off this time too?
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Double-digit stocks to multibaggers? Daljeet Singh Kohli on 2 stocks that can do it
“Shree Renuka Sugars may be a two-digit stock but that does not mean it is a small company. There has been a change in promoter and cyclicality has ended with government plan on ethanol. In distillery, its capacity is almost doubling from 770 kiloliters per day to 1,400 kilolitres per Continue Reading
Death Crossovers: These 4 stocks signal further bearishness
It appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside
At multi-year highs: These 5 stocks gave 5-year breakouts
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Hot Stocks: Brokerages on Max Financial, PVR, Bank of Baroda, Vodafone Idea, and Bharti Airtel
Goldman Sachs maintained a buy rating on PVR for a target of Rs 2250. It was a subdued quarter which is not indicative of underlying weakness. The risk-to-reward ratio is attractive. Improving content slate, and strong pricing power are key triggers for PVR.
Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23
Direct tax collection, net of refunds, stands at Rs. 12.31 lakh crore, which is 19.55 % higher than the net collections for the corresponding period of last year. “This collection is 86.68% of the total Budget Estimates of Direct Taxes for FY 2022-23,” the ministry of finance said in a Continue Reading
10 largecap stock ideas from Motilal Oswal for double-digit returns
Motilal Oswal Research recently came out with its top investment ideas in the largecap space for 2023. According to the report, the brokerage house is betting on 10 largecap stocks that can give double-digit returns. Take a look.
Niti Aayog preparing index for agri transformation now
A senior government official told ET that the Agriculture Transformation Index is likely to measure the performance of states across seven pillars – inputs, sustainability, productivity and diversification, policy, preservation, processing and exports, and farmers’ income and welfare.
Non-promoter shareholders allowed to sell stake via OFS: Sebi
The OFS mechanism will now be available to companies with a market capitalisation of Rs 1,000 crore and above