The four – namely Indian Energy Exchange, Indiabulls Real Estate, Dixon Technologies, and Just Dial – have climbed 50-85 per cent so far in Calendar 2021, thanks to a 572-896 basis points hike in holdings by small investors in the two quarters to June 30 ( i.e. the first six months of the calendar), data suggests.
His biggest holding Dhampur Sugar, where he has kept his stake constant since the June quarter of 2020, has climbed 21 per cent in the past one month, 71 per cent in the last three months and 174 per cent in the last one year.
Shares of Reliance Industries hit an all-time high of Rs 2,369 in September 2020. Since then, the stock was in a multi-month corrective and consolidation phase.
Tech View: Nifty forms Hammer on weekly scale, lacks follow-up buying
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Chandan Taparia of Motilal Oswal Securities said a ‘Hammer’ on weekly scale is indicating that declines are being bought into, but followup buying was missing at higher levels.
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Mazhar Mohammad of Chartviewindia.in said Friday s selling occurred from an intraday high of 14,697 after the index retraced 62 per cent of its last leg of fall from the highs of 14,984-248 levels.
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NEW DELHI: Nifty50 on Friday formed an indecisive Doji candle on the daily chart. On the weekly scale, the index formed a Hammer candle. Analysts said the 14,700 level may pose strong resistance for Nifty50 in the coming days. A fall below 14,250 level on the index can trigger a strong correction, they said.