Company Recommendation Buy (Rs) Target (Rs) Upside (%) Time Horizon Avenue Supermarkets Ltd. Buy 3,647 4,100 12% 1 Month Bharat Electronics Ltd. Buy 135 150 11% 1 Month Cipla Ltd. Buy 1,209 1,300 8% 1 Month ICICI Bank Ltd. Buy 920 1,003 9% 1 Month Indian Hotels Co…
NIFTY: The NIFTY opened at 19120 with a big gap up of 131 points. Prices continued its early morning bullish momentum and started moving higher but soon found resistance. The index recorded its intraday high at 19175.25 and saw a sharp intraday decline. However, the gap was not…
View on market: Volatility Prevails, Market is searching for better value Shares in Asia advanced after further gains for U.S. stocks as investors adjusted to the prospect the Federal Reserve may be done with rate hikes. Australian and South Korean equities opened higher. Contracts for shares in Hong…
NIFTY: The NIFTY opened at 19064.05 with a gap down of just 15 points. Prices initially moved sideways and then broke the range on the downside after recording its intraday high at 19096.05. The index has seen a sharp fall and then started a consolidation again. The range…
View on market: Volatility Prevails, Market is searching for better value Shares in Asia advanced following gains in U.S. stocks and bonds as the Federal Reserve held interest rates unchanged, bolstering hopes the rate-hiking cycle may be over. Australian, South Korean and Japanese shares opened higher and equity…
NIFTY: The NIFTY opened at 19232.95 with a gap up of 92 points. Prices could not sustain at the higher levels and started drifting downwards sharply from its opening tick. The gap was filled quickly and prices have continued sliding lower but found support in the afternoon. Prices…
View on market: Volatility Prevails, Market is searching for better value After Wall Street advances proved insufficient to counteract the S&P 500's third monthly decline, Asian equities opened mixed. Shares in South Korea and Australia increased little, but Hong Kong futures declined. Stocks in Japan also increased. S&P…
NIFTY: The NIFTY opened at 19053.40 without much of a gap. Prices have initially moved lower and saw a sharp decline but found support quickly and bounced up. The index recorded its intraday low at 18940 and started a V-shaped reversal. A rally started which lasted till the…