Axis Bank witnesses short covering while Bank Nifty surges Axis Bank witnesses short covering while Bank Nifty surges Bhagyashree Vivarekar / Friday, April 27, 2018 / Article rating: 4.7 Axis Bank posted its first-ever quarterly net loss in Q4FY18 in the wake of increased provisions and contingencies. Axis Bank which holds 7.5 per cent weightage in the Bank Nifty, pulled Bank Nifty up to trade with 1.2 per cent gains.
Bajaj Corp turns volatile amid Q4 result, price at crucial level Bajaj Corp turns volatile amid Q4 result, price at crucial level Bhagyashree Vivarekar / Wednesday, April 25, 2018 / Article rating: 5.0 Bajaj Corp posted 5.22 per cent YoY rise in PAT to Rs. 55.41 crore. The total income too came in at Rs. 222.46 crore as against Rs 206.86 crore in Q4FY17. Stock opened on a positive note, hit above previous high, but retreated and gave a sharp intraday fall after the results were announced.
Energy index dips but witnesses breakout Energy index dips but witnesses breakout Bhagyashree Vivarekar / Wednesday, April 25, 2018 / Article rating: 5.0 Nifty Energy index traded marginally down with 0.4 per cent losses, dragged down by GAIL and Hindpetro. The index saw a horizontal trendline breakout at 14,480, however, it retreated and fell sharply in the first week of February.
Sterlite gives symmetric triangle breakout Sterlite gives symmetric triangle breakout Bhagyashree Vivarekar / Friday, April 20, 2018 / Article rating: 3.3 Sterlite Technologies surged as much as 4.9 per cent with 3.54 times spurt in volumes. Sterlite Technologies succeeded in giving a symmetric triangle pattern breakout at 327 levelsupported by volume spurt and 14-period RSI trendline breakout at 53.50 and quoting at 55.50.
Nifty IT index and TCS at peaks, robust Q4 acts as catalyst Nifty IT index and TCS at peaks, robust Q4 acts as catalyst Bhagyashree Vivarekar / Friday, April 20, 2018 / Article rating: 5.0 TCS witnessed a record high and a record closure at 3,422 and 3,402 levels, respectively. The stock achieved its channel and flag pattern target and has entered overbought zone. Yet with continued momentum it may give some more upside of up to 100-150 points in near term.
BSE 500 stocks that hit all-time highs BSE 500 stocks that hit all-time highs Bhagyashree Vivarekar / Monday, April 16, 2018 / Article rating: 4.5 When the major indices were striving for fresh buying after the short covering at the end of last month, there were few stocks which can be called as defensives which continued upsurge even in cautious market conditions and hit their all-time high levels today.
Infosys fills the gap, takes support of 100-day EMA Infosys fills the gap, takes support of 100-day EMA Bhagyashree Vivarekar / Monday, April 16, 2018 / Article rating: 5.0 Infosys opened with a gap-down of 6 per cent on Monday but its opening and low were the same and thereby it surged nearly 3 per cent on an intraday basis, attempting to cover the gap. Moreover, 1,098 acted as the 100-day EMA support for the stock.
Nifty Pharma index breaks resistance, surges by more than 1 per cent Nifty Pharma index breaks resistance, surges by more than 1 per cent Bhagyashree Vivarekar / Monday, April 16, 2018 / Article rating: 5.0 Although the benchmark indices are trading in red following a gap-down opening, Nifty Pharma index has been continuously surging and has gained more than 1 per cent and broke out of its consolidation and also breached its major resistance at 8,841 levels with justifiable volumes.
IT sector continues upmove, index gives record closure IT sector continues upmove, index gives record closure Bhagyashree Vivarekar / Friday, April 13, 2018 / Article rating: 4.5 While the entire market was fighting volatility, IT sector managed to bounce back and maintain upsurge after falling for the first half an hour of the trading session on Friday. Nifty IT index gave a record closure at 13,260 levels after January 24 close of 13,250 levels.
Infratel tops Telecom index, gives trendline breakout Infratel tops Telecom index, gives trendline breakout Bhagyashree Vivarekar / Friday, April 13, 2018 / Article rating: 5.0 telecom sector took some breather at lower levels. Hopes for a favourable policy decisions in the upcoming New Telecom Policy 2018 may help the sector bounce back. Bharti Infratel gave a prolonged consolidation breakout and also a downward sloping multiple point trendline breakout at 346.50 levels.