The benchmark indices rallied seven-tenths of a percent to hit a new closing high on January 2, with strong market breadth. About 2,034 shares saw buying interest compared to 830 declining shares on the NSE. Overall, the trend may remain positive despite intermittent consolidation and minor profit booking. Below are some short-term trading ideas to consider:Rajesh Palviya, Senior Vice President Re...

The market maintained its uptrend for four days on the trot, though there was profit booking in the late hour of trade. The market breadth was weak for another session, with 1,585 shares declining compared to 1,234 advancing shares on the NSE. Overall, the trend remains favourable for bulls, but some consolidation can't be ruled out given the healthy rally in the last few sessions. Below are some ...

The benchmark indices closed flat with a positive bias on August 14, extending their upward journey for the second straight session, but the market breadth was in favour of bears. A total of 1,752 shares saw selling pressure compared to 1,128 shares that advanced on the NSE. The market is expected to remain in consolidation mode until it reclaims all key moving averages. Below are some short-term ...

Shares of Uno Minda slipped 2 percent to Rs 1,090 on Monday, snapping a three-day winning streak, despite CLSA initiating coverage with an ‘Outperform’ rating, citing strong growth prospects in the quarters ahead. The stock gave up its early gains amid broader market volatility.With a price target of Rs 1,304 per share, the international brokerage implies an upside potential of 17.5 percent fr...

The benchmark indices rebounded after a day of steep correction and closed with 1.7 percent gains on April 9, following a bounce-back trade in global counterparts. The market breadth also turned positive, with about 2,201 shares advancing against 371 declining shares on the NSE. Volatility is likely to remain high, and consolidation is expected to continue until the index closes the bearish gap of...