The Nifty is currently range-bound, with key support at 24500-24650 and resistance at 25000-25100. A break below support could lead to further weakness, while a move above resistance might signal a renewed uptrend. Sector rotation is expected, with opportunities in financials, energy, and consumption. Investors should remain cautious and selective in their stock picks.
Posts in category Economic Times
DBS Bank neutral on India but prefers small and midcaps (19-10-2024)
“The outperformance of Indian equities has been powered by robust earnings growth, coupled with significant P/E rerating led by rising domestic inflows that sent valuations soaring,” says Joanne Goh.
DBS Bank neutral on India but prefers small and midcaps (19-10-2024)
“The outperformance of Indian equities has been powered by robust earnings growth, coupled with significant P/E rerating led by rising domestic inflows that sent valuations soaring,” says Joanne Goh.
Stock-specific approach crucial amid market volatility: Insights from Rajesh Palviya (19-10-2024)
Rajesh Palviya discusses the market outlook, highlighting resistance at 25,000 for Nifty and potential support at 24,700. Bank Nifty shows stronger momentum, with private and PSU banks poised for further gains. He emphasizes a stock-picking approach, recommending ICICI Bank, Bombay Dyeing, and National Aluminium for short-term targets based on technical strength.
Stock-specific approach crucial amid market volatility: Insights from Rajesh Palviya (19-10-2024)
Rajesh Palviya discusses the market outlook, highlighting resistance at 25,000 for Nifty and potential support at 24,700. Bank Nifty shows stronger momentum, with private and PSU banks poised for further gains. He emphasizes a stock-picking approach, recommending ICICI Bank, Bombay Dyeing, and National Aluminium for short-term targets based on technical strength.
Diwali outlook: Nifty likely to consolidate between 50, 100-day EMAs, says Sudeep Shah of SBI Securities (19-10-2024)
During Diwali, Indian markets often experience bullish sentiment due to festive optimism, positive investor mood, and strong liquidity. This year, however, market performance is shaped by global economic uncertainty, geopolitical risks (particularly in the Middle East), fluctuating crude oil prices, and domestic concerns like inflation and interest rate outlooks, says Sudeep Shah.
Diwali outlook: Nifty likely to consolidate between 50, 100-day EMAs, says Sudeep Shah of SBI Securities (19-10-2024)
During Diwali, Indian markets often experience bullish sentiment due to festive optimism, positive investor mood, and strong liquidity. This year, however, market performance is shaped by global economic uncertainty, geopolitical risks (particularly in the Middle East), fluctuating crude oil prices, and domestic concerns like inflation and interest rate outlooks, says Sudeep Shah.
PG Electroplast board approves Rs 1,500 crore QIP (19-10-2024)
PG Electroplast shares have delivered impressive multibagger returns this year, with a gain of 225.6% over the past 6 months. The stock has also risen 158.6% year-to-date and 210% over the last year. This growth has been driven by strong operational performance and increased demand across its key product segments.
Crypto Week at a Glance: US election, spot ETF inflows, and global developments fuel bitcoin rally (19-10-2024)
Former President Donald Trump is considered the most pro-crypto candidate in U.S. history, with promises like establishing a Bitcoin strategic reserve and positioning the U.S. as a crypto leader, boosting investor confidence. As his odds of winning rise to 60% on Polymarket, new investors are entering the crypto market.