Dalal Street Week Ahead: Here are 10 key factors that will keep the traders busy
Bank Nifty is expected to be in focus in the coming week, given the strong momentum led by fundamentals and technical factors. Sunil Shankar Matkar January 10, 2021 / 01:32 PM IST
The market made a historic high in the first week of year 2021 ended January 8, rising 2 percent for second week in a row backed by positive global cues after Democratic Party s control over US senate, optimism on vaccine rollout, hope of strong quarterly earnings and consistent liquidity flow.
The benchmark indices ended at record closing high. The BSE Sensex rallied 913.53 points to 48,782.51 and the NSE Nifty jumped 328.75 points to 14,347.25, while the broader markets continued to outperform benchmarks as the Nifty Midcap 100 index climbed 5.2 percent and Smallcap 100 index gained 3.8 percent during the week, which experts feel, is expected to continue in coming weeks to
Target:1,210 Stop loss: 1,050 Shriram Transport Finance has surpassed the hurdle of the previous swing high around 1,108 levels in Tuesday s trade. It has been consistently moving higher after testing the support zone of the short term moving average (50 EMA) on the daily chart. The recent buoyancy in the financial space is pointing towards the prevailing bias to continue ahead as well.
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NEW DELHI: Nifty breached its 14,000 levels and touched its all-time high in the intraday session on Thursday and formed an indecisive candle on the daily chart. The 50-pack formed consecutive indecisive candles in the recent sessions, which signals towards caution that is being employed by the market participants with consistent profit booking and buying on dips approach.
Ajit Mishra, VP - Research at Religare Broking opined, investors would await the auto sales numbers and PMI data as it would help in gauging the economic recovery. Further, global cues are likely to dictate the trend for the markets in the near term. We reiterate our cautious stance on the markets.
Trading calls by Ajit Mishra of Religare Broking: Buy Cipla, Eicher Motors business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Year-ender 2020 | Market plots V-shaped recovery, 10 events that moved Dalal Street
From forming lifetime highs at the beginning of the year to the flash crash in March and back to record highs at the tail end, 2020 turned out to be the year of highest of highs and lowest of lows. December 23, 2020 / 10:45 AM IST
From lifetime highs at the beginning of the year to the flash crash in March and back to record highs in the last few months 2020 has been a year of highest highs and lowest lows.
In the first half of the year, the market struggled as the coronavirus tore through the world and the economy was pounded. The second half was all about containing the virus with unprecedented stimulus support and a push for a viable vaccine.