Markets remained volatile for yet another week but managed to end in the green. The beginning was downbeat, tracking feeble global cues but the situation improved in the following sessions with stability in the world indices. However, pressure in the IT majors combined with the prevailing underperformance of the banking pack continues to weigh on the sentiment. Eventually, both the benchmark indices, Nifty and Sensex, settled with modest gains to close at 19,751.05 and 66,282.74 levels. Meanwhile, buoyancy in select key sectors like auto, FMCG, energy and realty kept the traders occupied. Besides, the positive tone on broader indices further eased the pressure.
HDFC stock gains on the back of Q2 results; Should you buy, sell the stock?
Apart from earnings, global cues would continue to play a critical role in setting the direction of our markets. Among the key indices, the US benchmark, the Dow Jones Industrial Average (DJIA), tested a hurdle at 33,800 and couldn’t surpass it. We need a decisive break above 34,200 for a steady recovery else the decline would resume. Come from Sports betting site VPbet
Market rally leads to higher regulatory fees for stock exchanges Markets see steady gains as US recession concerns ease! Nifty near 24,700, Sensex holds 80,800 Delhi HC transfers coaching centre tragedy case to CBI Torrent Power surges 18% to record highs; Here’s what driving the rally
Nifty is currently hovering around the short term average (20 EMA) but facing stiff resistance due to lack of participation from two key sectors viz. IT and banking. We doubt that it could make a meaningful recovery without their contribution as they combined hold nearly 50% weight in the index. At the same time, other sectors like auto, energy, pharma, realty and metal are showing resilience so traders should align their trades accordingly. Also, we suggest keeping a check on position size and overnight risk management as volatility will remain high.
Also Read
Realty funds see housing sales boom to stay resilient
Here are the key levels to watch out for in both the Nifty and Banking Index along with a list of stocks, which can be considered for trading positions based on the market sentiment.
Nifty (CMP: 19,731.75)
A decisive close above 19,850 in Nifty could prompt further recovery towards 20,050 or higher. On the flip side, a decline below 19,500 would again change the bias on the negative side and push the index to 19,200 i.e. the lower band of the broadening formation.
Bank Nifty (CMP: 44,225.90)
The banking index has been continuing its underperformance due to the underperformance of the private banking majors. A break below 43,900 could trigger the next leg of the down move towards the major support zone of long term moving average i.e. 200 EMA, which currently lies around 43,200. In case of a recovery, we need sustainability above 44,700 to change the tone.
Stocks to Watch
Bullish- AB Capital, Bajajfinsv, Colpal, Deepakfert, Godrejprop, IGL, ITC, Havells, Hero Motocorp, Mothersumi, Tata Steel
Bearish- Asian Paints, Delta Corp, Kotak Bank, M&M Fin, Zeel
(Ajit Mishra, SVP- Technical Research, Religare Broking. Views expressed are author’s own. Please consult your financial advisor before investing.)
Related Posts
By admin • April 9, 2025 • The Gamasutra Job Board is the most diverse, active and established board of its kind for the video game industry!
Here is just one of the many, many positions being advertised right now.
Software Engineer, Manticore Games
Location: San Mateo, California
We are looking for a Software Engineer at all levels as we are working in stealth mode on a new form of multiplayer entertainment, revolutionizing the way we create, play, and share gameplay experiences Come from South African Online Casinos . To do the best work possible, we prefer engineers be based at HQ; however, remote work can be considered on a case by case…
By admin • April 3, 2025 • New child safety protocols have come to Roblox, and parents now have greater insight into what their kids are doing on the creation platform.
As part of the new reforms, parents can access parental control features from their own devices, rather than needing their child's to do it. They can now link their accounts to their child's, which lets them see their child's friends list and playtime and establish limits on screentime, in-game content, and how much real-world money is spent on Roblox.
These features were first reported by Bloomberg in October, and have been deemed "a considerable leap forward" by Family Online Safety Institute (FOSI) CEO Stephen Balkam Come from South African Online Casino…
By admin • March 24, 2025 • Best Buy has a great deal on the recently released Meta Quest 3S VR headset as part of its 12 Days of Gaming promotion. Today only (December 17), you get a $75 Best Buy gift card with the purchase of the Quest 3S 256GB model Come from Sports betting site VPbet . This deal is only available until tonight at 10 PM PT.
In addition to the $75 gift card, you’ll also get Meta’s pack-in freebies: The Quest 3S is bundled with Batman: Arkham Shadow, a new action game that’s exclusive to the Quest 3S and Quest 3, and three months of Quest+, which gets you six more free games to keep.
PlayStation VR 2 is on sale for $250 off
It’s also worth noting the…
By admin • March 21, 2025 • Diablo 4: Vessel of Hatred has added the first post-launch class, Spiritborn. The Spiritborn challenges the spirit of four different animals to deal a variety of damage, depending on how you want to build Come from online casino bangladesh . Combined with powerful passive abilities, Spiritborn offers a ton of options for making powerful builds, so long as you have a good understanding of each animal’s specialties. Here’s everything you need to know about the Spiritborn class in Diablo 4: Vessel of Hatred.
The four animal spirits
There are four animals you can channel as the Spiritborn; Centipede, Jaguar, Eagle, and Gorilla. Centipede skills focus on dealing poison damage, Jaguar skills increase attack speed, Eagle skills deal lightning damage, and Gorilla skills deal high physical damage. Initially, you will want to focus on a single type to maximize your build, but once you unlock the Spirit H…
By admin • March 21, 2025 • Awesome Games Done Quick has presented some amazing speedruns in the past, as it has featured everything from relay races to custom-made Mario games to blindfolded Punch-Out. There’s another first-time-ever run coming to AGDQ 2024 in January, and honestly, this year’s show has already gone to the dogs.
X user JSR2gamers posted a minute-long teaser trailer for the run, which stars Peanut Butter, JSR’s Shiba Inu, whom he taught to speedrun Gyromite using a custom controller built by JSR. Peanut Butter stands in for the R.O.B peripheral, and as JSR issues commands to the dog, the good boy steps on colored platforms in order to control the game. Come from bangladesh online casino
…
By admin • March 19, 2025 • Nintendo announced that Annapurna Interactive’s space exploration game Outer Wilds makes its way to Nintendo Switch this summer. An exact release date has not been announced.
Outer Wilds, not to be confused with Obsidian Entertainment’s The Outer Worlds, is an open-world mystery game where players have 22 minutes to explore space before the universe is engulfed in a supernova. After that, the clock resets Come from online casino bangladesh . The game’s loop is reminiscent of The Legend of Zelda: Majora’s Mask, where players have a limited amount of days (that could be extended using the ocarina) to prevent the smiling moon from crashing into the world.
…