It is on a verge to a rally unless 219 breaks on the below.
First target is 330 and then 490
Divd yield is 3.72%
Promoter holding 53.5%
Debt/ equity - 0.91
Pledged percentage - 0%
It is a good fundamental pick with comparitively cheap price compared to peers. Technically it is showing a rebound from its lows.
Due to increasing demand of economy recovery there...
Nifty finally faces some intra-day selling pressure as the index failed to hold onto the day’s strong opening. There was some degree of selling which was again countered by a sharp intra-day bounce back to end the day flat. Now if we look closely, we will observe that since 22nd Dec’20 the index had managed to bounce back from its intra-day weakness on 5...
In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty...
Bank Nifty Might go through a short term retracement and continue its bullish move for next week. Seems US elections will settle down as we know who is next president already. SO market should take this positively.
Bank Nifty overall has been getting hammered over the past couple of weeks and I am expecting some further weakness with the increase in the moratorium period by 3 months. The next support for AXIS BANK is 324.
NOCIL is a specialty chemical company and is related to rubber manufacturing chemicals. With the auto sector starting to resume business, the demand for these chemicals by tire manufacturing companies with gain traction. Fundamentally it is a good stock.
Currently, it is trading in a zone and testing the upper resistance regularly as per the 4hourly chart.
LT may garner some support for the falling nifty and with help of other stocks can help nifty to gain some momentum on the upper areas tomorrow its expiry weekly so need to keep a close check on such good corrected stocks like reliance axis titan maruti m&m pharma stocks