The benchmark indices closed lower after a day of rally, with the Nifty 50 falling 0.4 percent amid geopolitical tensions on June 17. Market breadth was weak, as about 1,761 shares saw selling pressure compared to 828 advancing shares on the NSE. Market consolidation is expected to continue with the focus now shifting to the outcome of the US Federal Reserve meeting. Below are some short-term trad...

The benchmark indices reversed the previous day's gains, with the Nifty 50 losing 175 points on May 27. The market breadth was slightly in favour of the bears, as 1,369 shares declined compared to 1,205 shares that saw buying interest on the NSE. Rangebound trading is expected to continue, with key support near the low of last Thursday. Below are some short-term trading ideas to consider:Amol Atha...

The benchmark indices remained consolidative for the second consecutive session, with the Nifty 50 falling 0.3 percent on May 19. However, market breadth continued to favour the bulls, as 1,654 shares advanced compared to 971 declining on the NSE. The market is likely to consolidate further and may attempt to surpass last Thursday's swing high. Below are some short-term trading ideas to consider:J...

Shares of Supreme Industries surged over 4 percent to Rs 6,264 per share on July 10 after global brokerage firm Jefferies shared a 'Buy' call and raised the target price to Rs 6,700 apiece, indicating an upside of 7 percent from current levels. The upgrade came after volumes grew 22 percent on-year during the April-May period despite a high base.So far this year, the stock of the plastic pipes man...

In April May 2022, Supreme Industries (SI) posted notable growth of 49% year-on-year (YoY) in volumes, and 50% in value added sales (margin accretive) on a low base. Jefferies in a note said that channel checks suggest that PVC price (key RM) has sharply dipped by around 20% on a sequential basis on 1 July. “RM volatility is a pass-through in Pipes industry, and hence we cut FY23-25 EPS by 3%....