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PHARMA

Nifty Outlook for Thursday, 13th August | 50x InvestmentsNifty - Technical Analysis: Nifty had a gap-down opening today but tried to fill the gap through the course of the day. The intraday trend was bullish. Nifty once again took support around the 11240 levels but there is no clear momentum direction yet as indicated by the ADX indicating a week 14.61. Market - Driving Factors: Travel and Tourism stocks ended up today after Russia announced progress on a COVID vaccine. IndiGo ended over 10%, Spice Jet over 6%, Indian Hotels 4.61% and EI Hotels almost 2% higher. Nifty PSU Bank index and Nifty Media index were the biggest gainers today and ended 2.7% and 2.37% in the green respectively. Nifty Pharma was the biggest loser today, ending 1.55% in the red. Gold continued to slip and has now fallen around 7% in the last 5 days. Nifty - Outlook for Thursday, 13th August: There is no clear direction as to where Nifty might head in the short term. More details from Russia and WHO regarding the vaccine might give a direction to markets. The fall in precious metal prices is an indication that an influx into equity might be occurring soon. This is a positive sign for markets. This coupled with the fact that the USD is expected to weaken puts India in a good position to receive FII investments.
NSE:NIFTY
by Algokart
2
Nifty Outlook for Tuesday, 11th August | 50x InvestmentsNifty - Technical Analysis: Nifty formed a double top pattern in hourly charts and 10880 will now act as a strong support which, if breached, can lead to a further correction in the index. On 15 minute charts, Nifty gave a failed breakout out of the 11100-11300 range and also the upward channel. Market - Driving Factors: All sectoral indices ended in the green today with Nifty Pharma leading the pack after it ended 5.37% in the green. The new US FDA directory which urges Americans to use locally manufactured medicines might not have a big impact on Indian Pharma companies. Prestige Estates rose over 8% today on news that blackstone will acquire the commercial real estate assets of the company. Yes Bank once again hit the upper circuit and ended 5% up. One would've made an 18% return in 2 weeks if they has subscribed to the Yes Bank FPO and held the shares till today. Nifty - Outlook for Tuesday, 11th August: Titan just announced its Q1 earnings and the company posted a loss of 270 crore rupees which was worse than what analysts had expected. This might weigh on the stock tomorrow. ADX shows no strength of momentum on either side indicating that markets might consolidate for a while before giving a breakout in either direction. So one should avoid large directional bets on weekly options which expire this Thursday.
NSE:NIFTY
by Algokart
1
Nifty Outlook for Monday, 10th August | 50x InvestmentsNifty - Technical Analysis: Nifty had a gap-down opening on hourly charts and remained within a range throughout the day. On the 15-minute chart, most candles had long upper and lower shadows indicating the presence of uncertainty in the markets. 9-period SMA closed above the 12-period SMA on 15-minute charts indicating the small positive bias in the markets. Market - Driving Factors: Vodafone Idea declared their Q1 results and it was once again a poor show in absolute terms. The stock still ended over 7% up because the results were better than street estimates. Lupin too had a poor Q1 and the stock ended over 6% lower. Nifty IT and Pharma indices ended lower today probably because of a strengthening rupee. The Nifty PSU Bank index broke its poor recent run and ended almost 1% in the green. Silver continued its stellar rally and is 2% up as of 5:18pm. Nifty - Outlook for Monday, 10th August: A break out from the 11000-11300 range could give some certainty to the direction of markets. Such a breakout would at least lead to a measured move if not a deeper trend change for the long term. A weekend break might just help markets get a direction and shift sentiment to one side. So, one should avoid any huge directional bets early on Monday till a direction emerges.
NSE:NIFTY
by Algokart
4
NIFTY PHARMA NEAR TO RESISTANCENIFTY PHARMA nifty pharma as sector is defence sector. but it reaching major yearly resistance. if it break then we will have strong breakout. because of pandemic, almost all businesses are dead except IT. so looking for short in stock selective fashion. -------------------------------------------------------------------------------------------------------------------------------------- THIS IS EDUCATION PURPOSE ONLY, NOT ANY RECOMMENDATION. -------------------------------------------------------------------------------------------------------------------------------------
NSE:CNXPHARMAShort
by KiranSunku2016
4 Month Symmetrical Triangle BreakdownBreakdown of long term symmetrical triangle is observed on a daily time frame of TORRENT PHARMA. The stock has breached it's 50 day EMA which was a key support. Short entry should be triggered when the day candle closes below 2330. For the targets at 200 day EMA which will be it's next key support. T1 2227 T2 2150 SL 2365 Caution : Results in near future can distort the trade. Trade with proper risk management and use trailing Stop Loss to protect profits because this particular stock is very volatile.
NSE:TORNTPHARMShort
by shaleenbansal
4