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NIFTY sustains 11500! MACD turns postitiveNifty - Technical Analysis: -Benchmark indiex NIFTY traded sideways in a tight range, before ending the day with a positive bias. -Today it got rejected from 11500 twice but crossed it with strength and also sustained it till the end. -The markets are almost at the upper end of the trading range and a push above 11,600 could bring in more trading optimism with a test of the resistance zone -Nifty settled 82 points, or 0.71 percent, up at 11,521.80 Market - Driving Factors: -BSE Midcap and Smallcap indices closed 0.85 percent and 1.44 percent higher, respectively. -BSE Realty pack closed 0.58 percent lower. Rest all sectoral indices closed in the green on BSE with Power, Bankex, Telecom, Healthcare, Finance and Basic Materials logging gains of over a percent each. -Domestically, favourable inflation data and expectation of it going down further aided the positivity while the broader markets continued its outperformance today. -On the flip side, BSE Telecom, Banks, Finance and Energy failed to perform and ended the day with losses. Nifty - Outlook for Wednesday, 16th September: Equities elsewhere in Asia moved higher on positive industrial data from China and optimism around COVID-19 vaccines. Investors keenly awaited the outcome of the US central bank's two-day policy meeting that starts later in the day. We can see some positive bias in coming day with testing of levels at 11600 and above.
NSE:NIFTYLong
by Algokart
1
NIFTY bounces from 200SMA | Sell pressure after morning sessionNifty - Technical Analysis: -Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular. -We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory. -NSE Nifty settled 24 points or 0.21 per cent lower at 11,440 Market - Driving Factors: -IT and pharma led the rally as several small and mid-cap stocks registered smart gains today despite the clarifications put out on multi-cap schemes of mutual funds. -Nifty IT and Realty indices jumped up to 5 percent while the broader market was trading on a choppy note. Shares of HCL Tech and Mphasis jumped 10 percent while those of Larsen & Toubro Infotech, Wipro, PCS and Infosys jumped up to 6 percent. -Trade cautiously and look at earnings stability, if investing for the long-term in small-caps. -On the flip side, BSE Telecom, Banks, Finance and Energy failed to perform and ended the day with losses. Nifty - Outlook for Tuesday, 15th September: Owing to US elections in November, we can expect volatility ahead. India VIX was up 2% today. People are suggested not to take huge risk in the coming months as we can see a government trigger coming. During the last US elections, before 20-30 days India came up with demonetisation. Due to the current scenario chances of a cheering clause can be expected. Small cap and mid cap rally can be benefitted from and good companies with earnings stability and growth can be cherry picked for good returns.
NSE:NIFTYLong
by Algokart
4
SIYARAM SILKS Low Risk EntrySIYSIL has been consolidating b/w Rs 100-150 to form a bottom since March 2020. It broke out of the range to cross Rs 150 in the week of 3 Aug 2020, and has shaken out weak hands on 31 Aug. Since March 2020, > 9 million shares have traded in high volumes, against a float of 15 million shares available to public. This is a significant amount of trading within 4 months, suggesting acquisition of significant shares by a large buyer. Current price provides a minimal risk entry point. Trade fails if price falls below 138.
NSE:SIYSILLong
by ParthPahuja
BSE Small Cap index vis a vis BSE sensexBse small cap index has reached to 2009 level in term of relative performance vis a vis BSE Sensex. Whether it can further fall, i don have answer but risk reward is relatively better. However, we yet to know the depth of crisis so it can further correct. But keeping everything aside, statistically the small cap index is very cheap. I believe any bull run from hereon if occur, small cap may give massive return. I m buying small cap mutual fund (SIP way) as a basket approach since December 2019
BSE:SMLCAP
by gujrativivek