Stocks to watchīerger Paints, Oil India: A total of 286 BSE-listed companies such as Bank of Baroda, Zomato, Affle India, Berger Paints, Glenmark Life Sciences, India Cements, Krishna Institute of Medical Sciences, Mazagon Dock Shipbuilders, Metropolis Healthcare, Nuvoco Vistas Corporation, Oil India, Pidilite Industries and Tata Teleservices among others will release September quarter earnings on November 10. Eventually, the market could break above this hurdle in the short term and move towards the next resistance of 18350 levels in the near term,” said Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities. “The market seems to be reluctant to pick up the upside momentum and stuck at the hurdle of around 18100 levels. Unless this moving average support is violated decisively on the downside, there is a possibility of upmove in the market. Technical analysts say that the Nifty is now placed above the important moving average support of 10day and 20day EMA around 17970 levels. Moreover, Latent View Analytics, a data analytics firm, will be open for public subscription today. Investors will closely watch the Paytm IPO, which closes for subscription today, and the listing of Nykaa IPO shares. Nifty futures tumbled over half a per cent or 108.50 points to 17,971.50 on Singaporean Exchange, suggesting a sell-off in BSE Sensex and Nifty 50 on Wednesday.
|
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
January 2023
Categories |