The benchmark indices sharply nosedived on November 4, with the Nifty 50 declining by 1.3 percent. The market breadth favored bears, with 2,006 shares declining against 581 advancing shares on the NSE. The bearish sentiment is expected to continue, as the market traded well below all key moving averages (10-20-50-100 EMAs). Below are some trading ideas for the near term:Pravesh Gour, Senior Techni...

The lackluster trade continued in the market for three consecutive days, with the Nifty 50 closing lower by 0.14 percent on October 11. The breadth was slightly positive, with about 1,287 shares advancing compared to 1,214 shares declining on the NSE. The index is expected to consolidate with a positive bias as long as it defends the rising support trendline. Below are some trading ideas for the n...

“Rapidly changing industries are the enemy of the investor.” Mohnish PabraiIt continues to be a mixed picture for the chemicals sector. There are signs of pricing pressure easing, but volumes need to pick up as well. Till a couple of months back, most analysts were at best sounding neutral on the sector. The tone is now gradually turning positive.Centrum analysts Rohit Nagraj and Kunal Pai are...

Shares of Petro Carbon and Chemicals made a robust start to its stock exchange debut on July 02 after listing at Rs 300, a massive premium of 75.4 percent over the issue price of Rs 171.The listing gained top grey market estimates by a healthy margin as shares were trading at a premium of about 50 percent. The grey market is an unofficial ecosystem where shares start trading much before the offer ...

GP Eco Solutions or GPES Solar shares made a rocking stock market debut on June 24 after listing at Rs 375, a staggering premium of over 298 percent over the issue price of Rs 94 on the NSE SME platform.The listing gains topped grey market estimates by a comfortable margin where shares were trading with a premium of 192 percent. The grey market is an unofficial ecosystem where shares start trading...