Tag: Market Cues

  • 19 Sep

    Market Summary for September 18, 2023

    The Indian stock market saw some profit-booking, but the overall sentiment remains positive. The Nifty50 index is expected to hold above 20,000 and the Bank Nifty index above 45,700. The PSU bank sector is expected to outperform. Investors can look to buy on dips in the Nifty50 and Bank Nifty indices, and in PSU bank stocks.

  • 18 Sep

    Market Outlook for the Week of September 18-22, 2023

    The Indian stock market is expected to remain bullish in the coming week, supported by positive macro data and continued buying from domestic investors. However, experts caution that the market is overbought in the short term and could see some profit-booking at higher levels. Key Levels Support: 20,000, 19,900 Resistance: 20,300, 20,480-20,500

  • 16 Sep

    Indian Stock Market Hits Record Highs

    The Indian stock market hit record highs in the third week of September 2023, supported by strong domestic fundamentals and positive global cues. The Nifty crossed the 20,000 mark for the first time. However, analysts advise caution due to the sharp run-up in recent days. The Nifty is expected to remain above the 20,000 mark in the short term, with potential to move towards the 20,480-20,500 range. Investors should focus on investing in companies with strong fundamentals and a long-term growth outlook.

  • 14 Sep

    Indian Equity Markets Close on a Positive Note, Nifty50 at Record Closing High

    The Indian equity markets closed on a positive note on September 14, with the Nifty50 index closing at a fresh record high of 20,103. The market breadth was positive, with the advance-decline ratio standing at 1.4. The Nifty50 formed a spinning top candle on the daily charts, which is a neutral signal. However, the index closed above the 20,000 level, which is a positive sign. The market is likely to remain rangebound in the near term. Investors should adopt a cautious approach and avoid taking any large positions.

  • 13 Sep

    Nifty50 snaps eight-day winning streak, but long-term outlook positive

    the market is expected to remain volatile in the coming sessions, but the long-term outlook is positive. Investors should focus on stocks with good fundamentals and technicals, and they should avoid overtrading.

  • 12 Sep

    Indian equity markets hit record high, analysts expect further upside

    Indian equity markets hit a record high on September 11, 2023, driven by strong buying across all sectors. Analysts expect the market to continue to rise in the near term, citing strong economic growth and positive earnings outlook as key drivers.

  • 11 Sep

    Top 10 trading ideas for next 3-4 weeks as bulls charge Nifty towards 20,000 mark

    The Indian stock market is expected to continue its upward momentum in the coming weeks, with the Nifty50 index likely to touch the 20,000 mark. Here are the top 10 trading ideas for the next 3-4 weeks, based on technical analysis.

  • 11 Sep

    Nifty50 Continues Bullish Run, 20,000 in Sight

    The Indian stock market is expected to continue its upward momentum in the coming sessions, with the Nifty50 index likely to touch the 20,000 level. However, some consolidation is also possible before the index reaches this level. The market is currently in a bullish trend, with the Nifty50 forming higher highs and higher lows. The immediate support for the index is at 19,700, and the key resistance is at 19,865. Investors should monitor the key factors that could impact the market, such as the outcome of the US Federal Reserve's policy meeting and the release of key economic data.

  • 9 Sep

    Indian Stocks End Higher for the Week on Positive Data, Strong Domestic Demand

    The Nifty50 and the Sensex rose 1.97% and 1.85%, respectively, on positive data points, including a strong GDP growth and PMI reading, as well as sustained buying by domestic institutions. Analysts expect the market to consolidate in the near term, but with the potential for further gains in the medium term.