DSIJ Mindshare

Index trend and stocks in action April 25, 2019

Karan Dsij 0 989 Article rating: 5.0

We expect the upward momentum to continue, while on the upside, Nifty might face resistance around the 11,760 level. However, sustaining above the level of 11,760 will set the stage for reclaiming the all-time high level of 11,856. On the downside, immediate support is seen around the level of 11,630, which happens to be the 20-day moving average. Stocks in news: Oriental Hotels, Bank of Maharashtra, IPCA Laboratories, SBI, FDC, Jet Airways, L&T.

Markets may open flat as Asian peers remain clueless

Karan Dsij 0 1123 Article rating: 5.0

After a the lull and a hat-trick of declines, the Indian markets saw a scintillating rally on Wednesday with stocks racing to the finish line. However, going by the early trends among the global peers and the SGX Nifty, it seems that markets may open the session flat with negative bias on the eve of April series F&O expiry as there is no clear trend emerging. At the time of writing, SGX Nifty was trading down by 27 points at 11,710 levels. The key results expected to be announced today include Biocon, Maruti, MCX, SBI Life, Nestle India and Tata Steel.

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