Reseñas

A softer rate hike of 35 bps is justified against the backdrop of moderation in inflation despite it remaining above the upper limit of RBI’s inflation target band for 10 months in a row

Sensex ended 216 points lower while the Nifty ended below 18,600 mark.

Honestly I do not think history in Indian markets will be very relevant here because some of these businesses we are seeing for the first time. Apart from the technical factors, we should also not forget that we have seen a rise in the interest rates which mean the cost Continue Reading

The six-member Monetary Policy Committee (MPC) with a five-to-one majority increased the repo rate. Since May, RBI has hiked the repo rate by 225 basis points.

Recently, the stock gave a breakout from Ascending Triangle pattern, as well as the consolidation zone from 2007-2022 on the monthly charts adding to the bullish bias. Short-term traders can look to buy the stock for a target of Rs 130-165 in the next 6 months, which translates into an Continue Reading

Bond yields had dipped earlier in the session, tracking a slump in oil prices as the benchmark Brent crude futures declined below $80 a barrel. While the quantum of the monetary policy committee’s (MPC) rate increase was widely expected, the central bank vowed there would be no let-up in its Continue Reading

Undoubtedly growth continues to soften. RBI itself has revised growth target downwards from 7% to 6.8% for FY23 but these are unusual circumstances. Globally there is a massive storm going on and within that India has so far done well.

​Bank Nifty is something that looks a little tired and a bit of a correction can be seen on that front. So traders should closely monitor 42,900 as that happens to be the immediate support, at the moment. If 42,900 breaks, then maybe traders can look for a short selling Continue Reading

Six stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving Continue Reading

In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks crossed their previous 5-year high value at the close on December 6, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look: