View on market: Stay Cautious, be with quality business: U.S. futures and bonds fell amid rising inflation, monetary tightening and fears of global economic slowdown. Stocks in Japan led the decline in Asian markets while China has issued warnings about the jobs outlook as the country tightens curbs…
May 7, 2022
Morning Outlook 7th May, 2022
NIFTY: Nifty opened at 16415.55 wit ha big gap down of 267 points. The index initially moved higher but soon prices finds strong resistance and started drifting downwards. The index recorded its intraday low at 16340.90 and found repeated support around the 17350 level. The index then rose…
ITC is one of India's foremost private sector companies and a diversified conglomerate with businesses spanning Fast Moving Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. The FMCG segment includes Cigarettes, such as cigarettes and cigars, and Others, such as branded packaged foods businesses (Staples,…
View on market: Stay Cautious, be with quality business: Bonds rose and the dollar held a drop on Thursday after the Federal Reserve raised interest rates as expected to tackle inflation while countering fears of super-sized hikes. Shares in Australia gained and futures pointed to a positive open…
NIFTY: Nifty opened at 16854.75 with a big gap up of 177 points. The index initially moved lower but soon prices turned up and saw a rally of more than 150 points. The index recorded its intraday high at 16945.70 and found strong resistance there. Prices have drifted…
Company Recommendation Accu./ Buy (Rs) Target (Rs) Upside (%) Time Horizon TCS Buy Rs. 3509 3810 9% 1Month HDFC Bank Buy Rs. 1349 1480 10% 1Month Indian Hotels Accumulate Rs. 243 - 246 270 10% 1Month ITC Buy Rs. 262 282 8% 1Month Coromandel Int. Buy Rs. 913…
View on market: Stay Cautious, be with quality business: Bonds rose and the dollar held a drop on Thursday after the Federal Reserve raised interest rates as expected to tackle inflation while countering fears of super-sized hikes. Shares in Australia gained and futures pointed to a positive open…
NIFTY: Nifty opened at 17096.60 with a minor gap up of just 27 points. The index recorded its intraday high at 17132.85 and started drifting downwards. Initially, the decline was slow and modest but as the rate hike news comes the downside momentum becomes very strong and the…
View on market: Stay Cautious, be with quality business: Stocks rose and bonds remained under pressure Wednesday as investors geared up for biggest U.S. Federal Reserve interest rate-hike since 2000 and awaited cues from the central bank for tackling inflation. Equities advanced in Australia and South Korea, while…
NIFTY: Nifty opened at 16924.45 wit ha big gap down of 178 points. The index recorded its intraday low at 16917.25 almost at its opening tick and started moving sideways. The index moved very volatile today wit h lots of up and down swings. However he bias was…