S&P 500 Index Price Forecast January 11, 2018, Technical Analysis

The S&P 500 initially fell during the trading session on Wednesday, but we have found enough support at the 2735 level to bounce and rally significantly. The 2750 level looks to be resistance, and I think if we can break above there it’s likely that the market will continue to go much higher....

Nifty heads towards 10,800; 3 stocks which can give up to 21% return in 6 months

Dharmesh Shah believes that any correction from hereon should be used as an incremental buying opportunity as Q3FY18 earnings expectations and Budget expectations would influence investor sentiment.   The equity benchmark index rolled over bullish momentum in the calendar year 2018, further...

Budget 2018: Don't expect big bang reforms; rural, cement themes a play, says Sundaram MF

The overall market is factoring in a lot of positive news, said S Krishna Kumar. Cues such as India being fastest-growing economy going ahead along with swelling order books of EPC firms are working well.     While the Street gears up for the Union Budget 2018, Sundaram Mutual...

TCS to kick off Q3 earnings season; here are 5 things to watch out

As it is seasonally a weak quarter for IT companies due to holidays and furloughs in western markets, analysts expect revenue growth to be muted.    IT major Tata Consultancy Services will be the first bigger company to announce earnings for October-December quarter on Thursday....

Nifty seen at 12,500 by FY18-end; 6 stocks that could turn out to be multibaggers in 2-3 years

Indian markets currently in pre-Budget rally might see a small correction which we believe would be a buying opportunity.      Our best multi baggers for 2-3 year perspective are: MOIL (CMP Rs 255) Strong demand uptick due to higher domestic steel production, higher realization...

Fast & Furious! Top 12 stocks which rose up to 400% as Nifty rallies from 10,000-10,600

The Nifty 50 raced from 10,000 levels recorded on 26th July 2017 to 10,600 in January 2018 which translates into a gain of nearly 6 percent but as many as 36 stocks rose more than 10 times in the same period. It has been a dream run for Indian markets in the year 2017. The Nifty50 closed above 10,000...

Market Live: Midcaps outperform Sensex, Nifty; Sun Pharma extends gains

Jai Corp, Prism Cement, GVK Power, Welspun India, Indiabulls Real, JSW Energy and NMDC gained 1-8 percent.    Estimates: Shree Cements is likely to post a profit after tax (PAT) of Rs 265 crore in Q3, a rise of 13 percent against Rs 235.4 crore year on year, according to a...