(TMT) COAL INDIA (CLOSE 230.10) last 3 days continue up side and also close above important MA now first hurdle 240 then possible 260-280.. one can enter at cmp add more above 240 sl 222 below. #COALINDIA
If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, UltraTech Cement, Sterlite Technologies, Persistent, ONGC, Coal India, and Vedanta are some of the stocks that look bullish on charts, according to analysts.
ETMarkets Smart Talk | Buy these 5 PSU stocks on dips, says Ajit Mishra of Religare Broking
We feel participants should maintain their focus on stock selection amid the prevailing consolidation phase in the index and wait for a decisive breakout on either side. Going ahead, the upcoming earnings announcement of index majors might provide the needed trigger. Besides, global cues, especially the performance of the US indices, will remain in focus.
Domestic economy in great shape, global risk appetite still soft: Saurabh Mukherjea
Now some people might be happy not to create wealth but most people in my generation, most of my client base want to create a degree of wealth for themselves and I am afraid that is not going to come from investing in fixed deposits in a country like India, that is only going to come from investing in high quality equities.
"When stocks move from under ownership to adequate ownership, prices spurt," said VK Vijayakumar, chief investment strategist at Geojit Financial Services. "The sudden change in earnings and improving prospects have led to a market re-rating which has resulted in spurt in stock prices."
Havells can see certain amount of correction in valuations, says Dhananjay Sinha
But what we need to really look at from now on is that at such high valuations one has to really look at what is the trend in terms of volume growth because you know after a point of time when you have gained a lot of market share you become a proxy to the industry and hence your growth starts to taper off.
Hot Stocks: Here is why you should bet on UPL, Tata Steel, Coal India for short term?
Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal.
Ahead of Market: 10 things that will decide D-St action on Thursday
"After the adverse performance during the last one and a half months, the Indian market has been advancing in the last 2-3 trading days. The trend is supported by the marginal improvement in FII inflows and upside in domestic investments. The domestic investors are adopting a buy on dip strategy,” Vinod Nair, Head of Research at Geojit Financial Services, said.
Nifty metal hits new high after Jefferies turns positive, upgrades Tata Steel, Hindalco
We find the landscape flipped now with China policies turning supportive and the big earnings cut for Tata Steel and Hindalco behind. We believe a sequential improvement in quarterly EBITDA trend for Tata Steel and Hindalco in 2023 will help drive stock performance, Jefferies said.
2022 in numbers: New records and heartbreaks for stock investors
"The performance of 2022 has been as per the trend observed over the past 10 years. Whenever Sensex provided returns of over 25% in a calendar year, the following year has seen a muted return," said Sunil Sanghai of NovaaOne Capital.
Nifty stuck in time loop since last 6 quarters. Will we see a big breakout in 2023?
Nifty had topped out in October 2021 at around 18,600 level after which it had a multi-month correction that developed in a downward sloping channel. The index received support near the lower channel line in June-July 2022 and started moving higher.
Stocks to buy or sell today: 5 short-term trading ideas by experts for 29 December 2022
US stocks finished sharply lower on Wednesday, as investors assessed economic data on the housing market amid concerns over rising interest rates and economic growth in 2023. US stocks fell for a second day on concerns that the end of Chinas zero-Covid policy could lead to a rise in cases around the world.
Next 5-7 years offer aggressive visibility for industrial, capex theme: Deven Choksey
“2023 would be the year in which people will probably put money in companies where they have shown the ability to create newer models and particularly the electric vehicle models. If Bajaj Auto is saying that they would launch two or three new vehicles in the current year, it is quite possible that we might see a surprise coming in from Bajaj Auto in this particular two-wheeler pack.”
PSU index outperforms Nifty in 2022; Coal India, Canara Bank could give 17-50% return in 2023
As we look ahead, the profitability of PSUs is shooting up across domestic as well as global cyclical with a turnaround in the fortunes of PSU Banks driving the overall trend. Higher commodity prices over the past two years have aided the P&L and balance sheets of Metals/O&G PSUs.