Monday, 19 August 2019

Bank Nifty Levels:

    NIFTY BANK Index closed the week on negative note loosing -214.90 points -0.76% Weekly High: 28358.85 Weekly Low: 27683.50 Weekly Close: 28217  RESISTANCE 2: 28762 RESISTANCE 1: 28489 SUPPORT 1: 27814 SUPPORT 2: 27411  Technically on the daily charts we see minor...

Oil prices climb after Saudi oilfield attack, but recession worries drag

Oil is benefiting from an overall optimism that we won't see the doomsday trade war scenario and after a drone attack on oil and gas facilities in Saudi Arabia reminded markets geopolitical tensions in the Middle East are going nowhere anytime soon.    Crude oil prices rose on Monday...

Analysts downgrade FY20 earnings estimates after poor Q1 show, Citi cuts Sensex target

Citi also said earnings miss was big in Q1 across most sectors with BSE100 earnings falling 1 percent YoY in Q1    One of the key reasons for the sharp fall in the market in July-August was dismal June quarter earnings. This elevated the risks of a further downgrade, brokerages said...

Short covering likely to take Nifty higher; deploy Bull Call Spread this week

Considering excessive short accumulation in the index and options data showing intermediate support at 11000 which is likely to hold good, short-covering drive to earlier breakdown level of 11,300-11,350 is possible.        A truncated week ended on a modest note with Nifty...

36 stocks return over 100% in 2019, many more multibaggers in making

Be fearful when others are greedy, and greedy when others are fearful. Given the dismal performance of the equity market, it may be ironical but experts feel that 2019 could be the golden year for investments. There are many stocks that are trading at attractive valuations and can turn out...