Stock Market News,Sensex breaks 35K but 26 stocks give 10-30% return in 4 days

-

Sensex breaks 35K but 26 stocks give 10-30% return in 4 days  

Volatility is expected to remain high due to scheduled derivatives expiry on November 29

It has been a roller coaster week for India markets. The S&P BSE Sensex had a touch and go moment with 35,000 while for Nifty it was for 10700 levels as well as 200-days moving average (DMA).
The S&P BSE Sensex fell 1.3 percent while the Nifty50 saw a decline of 1.4 percent for the week ended November 22. Indian market remained shut on Friday on account of a public holiday.

In the S&P BSE 500 index, as many as five stocks rose 10-20 percent which include names like RattanIndia Infrastructure Ltd, CG Power, Gammon Infra, Kwality, Diamond Power, Veto Switchgear, and 8K Miles Software Services Ltd.


 Markets ended the three weeks of winning streak even though the beginning was upbeat, citing favorable indications from recently concluded RBI meet.

“The major event for the Indian equity market would be the GDP data that is eyed at the end of this month along with expiry. The numbers would certainly give a medium-term directional view for broader indices and decide the breadth for coming months,”.

“That said, we have elections in major states and a lot would depend on the outcome of it. It is evident one can be vocal about volatility that is expected to come in and rise. Hence we may witness a directional play keeping above analysis in perspective. We expect the range for the market to be 10,600 to 10,220 and approach should be selling on any pullbacks,” he said.


Fill Our Free Trial Form

For More Details- Contact Us

Source - Moneycontrol.com

Comments

Post a Comment

Popular posts from this blog

What is a Trading Plan?

-
Image
How many times have you had a position to go against you? You planned the trade correctly, but soon after you bought your initial position, you discovered that the price you paid was higher than what it was now worth. The first trade was a loser compared to the market price. What could you do with this losing trade? You could sell it out and look to buy something else, or you could buy a few more shares or contracts at the new lower price. Which is the better solution to your dilemma? In most cases, Most people, however, would buy more at lower prices. They would average their losses on the way down if they are buying, or average their losses on the way up if they are shorting. There's an old saying that if it looked good at a higher price, it looks a lot better at a bargain price. Traders determine whether they will average or not by looking at what they are trading: stocks,  options , or futures. Let's look at each of these trading vehicles in terms of averaging
Read more

Technical picks- Top 15 stocks that experts are betting on for 14-70% returns in FY20

-
Technical picks: 15 stocks that experts are betting on for 14-70% returns in FY20, If the momentum continues, the index is all set to climb Mount 12K and hit a target around 12,400-12,700 in the next 12 months, according to experts. Nifty50 has rallied about 13 percent so far in FY19 and if experts are to be believed, it is on track to hit fresh record highs in FY20. The optimism in market lately has been on the back of hopes of a stable government post elections, strong buying by foreign investors, rate cut by Reserve Bank of India and stability in rupee-dollar pair. Historically, we have seen a decent rally in the market before and after the general elections. This year also, Nifty has formed a new base in the 10,600 – 11,000 zone and has been witnessing pre-election rally in the last few weeks. If the momentum in market continues, Nifty could touch 12,000 and hit a target around 12,400-12,700 in the next 12 months, according to experts. “If we go by the principle of ‘
Read more
-
Image
Cash market is a marketplace where the immediate settlement of commodities takes place in this market between the purchaser and the seller. This is also known as spot market cash market transactions take place over the counter or in a regulated exchange in contrast transactions take place exclusively on exchange. The price of the cash market is usually less than the futures market this market has two day delivery period due to the time duration to move cash from one place to another. In this market most speculative retail trading is done as spot transactions are on an online platform in this market the moral context speculation is considered negatively. Then there is also a part of this market known as the energy spot market where surplus energy producers instantly spot purchasers or buyers for energy and negotiate prices within milliseconds and deliver the energy. In this market, securities are traded in a possibly changing current market place. Cash market is differen
Read more