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2022-08-26 13:50:45 Riddhi Siddhi Share Brokes Latest after the Bell @ 4.00 PM – Friday, August 26th 2022.

Nifty starts September series with green ink, but the much awaited Powell’s speech keeps aggressive bulls in check.

# Nifty (+36, 17559).
# Sensex (+59, 58834)

After a solid positive start, the benchmark Nifty was seen consolidating and trading in a range amidst a stay relatively quiet trading as bulls’ stayed on the sidelines while waiting for FOMC Chairman Jerome Powell to deliver his opening remarks at the annual Jackson Hole Symposium this Friday, August 26th at 10:00 a.m. Eastern time.

The street is anxious as any further rate-tightening could also increase the odds of the economy entering a recession.

Amongst sectoral indices, for the day, Bank Nifty ended 0.09% higher as against Nifty’s gains of 0.21%. Meanwhile, Nifty Metal index was a star outperformer, up 1.96% followed by Nifty PSU Bank index, up 1% while Nifty Media and Nifty Reality index took it on their chin, down 0.73% and 0.40% respectively.

On a weekly basis, the benchmark snapped a 3-week winning streak and most importantly, Bank Nifty ended lower for the 2nd straight week. Nifty IT index was top loser, down 4.34% while Nifty PSU index was star outperformer, up 4.45%.

# Nifty’s Major Gainers: TITAN (+ 2.46%) TECH MAHINDRA (+2.16%) M&M (+2.06%) HINDALCO (+1.98%) COAL INDIA (+1.87%)

# Nifty’s Major Losers: EICHER MOTORS (-1.62%) BHARTI AIRTEL (-0.92%) INDUSIND BANK (-0.11%) SHREE CEMENT (-0.05%) CIPLA (-0.02%).

# Adv-Dec 34 —— 15
# Nifty PCR 1.48
# BANK NIFTY PCR 1.15
# INDIA VIX 18.22 (-6.92%)
# Nifty MidCap (+0.61%, 8433)
# NiftySmallC (+0.76%, 9602)
# BANK Nifty (+0.09%, 38987)
# Nifty IT (+0.43%, 28733)
# USD/INR (-0.08%, 79.80)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR MONDAY’S TRADE:

Technically speaking, Nifty line on the sand is at 17345 mark. Aggressive buyers are advised to take a backseat if Nifty slips below its biggest support at 17345 mark. In case of Nifty ‘s major support at 17345 mark collapses, the next big support seen only at 17161 mark.

For Monday’s session, Nifty’s major hurdles are at 17757 mark. Aggressive buying advised only above 17757 mark.

ALL ABOUT NIFTY:
Support: 17345/17161
Resistance: 17757/18115
Range: 17450-17800
21 DMA: 17487
50 DMA: 166079
200 DMA: 16979
Trend: Positive.

BULLISH LOOKING STOCKS:
# TATA POWER
# M&M FINANCIAL
# CONCOR

BULLISH LOOKING STOCKS (LONG TERM):
# BANK OF BARODA
# JINDAL STEEL & POWER
# COAL INDIA

BEARISH LOOKING STOCKS:
# BIOCON
# MOTHERSON SUMI
# BSOFT

STOCKS TO AVOID:
# FSL
# MUTHOOTH FINANCE
# IPCA LAB

Stay Tuned.


Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks. Open / Comment

2022-08-26 09:51:54 Complete Ganpati Aarti for all devotees. Share with your friends and family.

| गणपति बप्पा मोरया |

𝗥𝗶𝗱𝗱𝗵𝗶 𝗦𝗶𝗱𝗱𝗵𝗶 𝗦𝗵𝗮𝗿𝗲 𝗕𝗿𝗼𝗸𝗲𝗿𝘀

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2022-08-26 06:23:38 Open / Comment

2022-08-26 06:23:26 See how the market will perform



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2022-08-26 06:18:37 Riddhi Siddhi Share Brokers Morning Action @ 7am – Friday, August 26th 2022

In early action, SGX Nifty powers higher ahead of Powell’s Jackson Hole Speech.

That said, fears of a hawkish Fed likely to sap traders' enthusiasm on any excessive intraday strength.

RIDDHI SIDDHI SHARE BROKERS 7am GLOBAL UPDATE:
# Dow: (+323, 33292)
# Nasdaq (+208, 12639)
# Bovespa (+633, 113532)

# SGX Nifty: (+88, 17676)
# Dow Futures (-54, 33222)
# Nikkei (+251, 28731)
# Hang Seng (+170, 20138)


RIDDHI SIDDHI SHARE BROKERS WHAT HAPPENED AT WALL STREET IN YESTERDAY’S TRADE:

# The Nasdaq Composite rose 1.7% to 12,639, the S&P 500 Index climbed 1.4% to 4,199, and the Dow Jones Industrial Average tacked on 1.0% to 33,291.

# WTI crude oil fell 2.5% to settle at $92.52 per barrel, and are now down more than 24% from their mid-June highs above $122.

# The small-cap Russell 2000 rose 1.5% to 1,964.

# Bitcoin slipped 0.3% to $21,611.45.

# Gold futures rose 0.6% to settle at $1,771.40 an ounce.

# The ‘King US Dollar index’, which tracks the greenback against a basket of six major currency peers did slip to 108.55 in overnight trade. A week back, the US Dollar index had scaled a twenty-year high of 109.26. Please note, US Dollar index year-to-date gain are around 13.5%.

# Euro below Parity. The Euro continued to trade below $1, the lowest level since late 2002, dragged down by recession concerns, the ongoing energy crisis and prospects the Fed will continue to raise interest fast.


Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Open / Comment

2022-08-25 14:17:48 Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Thursday, August 25th 2022.

Amidst volatility, Nifty ends August series on a negative note.

# Nifty (-83, 17522).
# Sensex (-311, 58775)

Volatility was hallmark at Dalal Street amidst August F&O series contract expiry.

There was also some element of nervousness ahead of the Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium this Friday, August 26th.

The street suspects that any further rate-tightening could also increase the odds of the economy entering a recession.

The other key negative catalyst for the day: WTI crude futures spiked above $95 per barrel amidst concerns about tightening global supply.*

Amongst sectoral indices, Bank Nifty ended 0.22% lower as against Nifty’s losses of 0.47%. Nifty PSU Bank index however was the biggest gainer of the day, up 2.67% followed by Nifty Reality index, up 1.11% while Nifty IT and Nifty Pharma index took it on their chin, down 0.82% and 0.56% respectively.

# Nifty’s Major Gainers: SHRE CEMENT (+1.32%) HINDALCO (+1.20%) DIVIS LAB (+ 0.98%)

# Nifty’s Major Losers: ADANI PORTS (-2.46%) BAJAJ FINANCE (-1.84%) CIPLA (-1.59%).

# Adv-Dec 16 —— 34
# Nifty PCR 0.81
# BANK NIFTY PCR 0.86
# INDIA VIX 19.57 (+6.19%)
# Nifty MidCap (+0.16%, 8433)
# NiftySmallC (+0.47%, 9532)
# BANK Nifty (-0.22%, 38951)
# Nifty IT (-0.82%, 28624)
# USD/INR (+0.15%, 79.90)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR FRIDAY’S TRADE:

Technically speaking, Nifty line on the sand is at 17345 mark. Aggressive buyers are advised to take a backseat if Nifty slips below its biggest support at 17345 mark. In case of Nifty ‘s major support at 17345 mark collapses, the next big support seen only at 17161 mark.

For Friday’s session, Nifty’s major hurdles are at 17757 mark. Aggressive buying advised only above 17757 mark.

ALL ABOUT NIFTY:
Support: 17345/17161
Resistance: 17757/18115
Range: 17450-17800
21 DMA: 17436
50 DMA: 16569
200 DMA: 16981
Trend: Positive.

BULLISH LOOKING STOCKS:
# CANARA BANK
# PNB
# ZEE ENTERTAINMENT

BULLISH LOOKING STOCKS (LONG TERM):
# BANK OF BARODA
# TATA CONSUMERS
# ICICI BANK


BEARISH LOOKING STOCKS:
# BIOCON
# MOTHERSON SUMI
# BSOFT

STOCKS TO AVOID:
# FSL
# MUTHOOTH FINANCE
# IPCA LAB

Stay Tuned.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risks. Open / Comment

2022-08-25 08:45:31 Invest kar befiker in #mutualfunds with 𝗥𝗶𝗱𝗱𝗵𝗶 𝗦𝗶𝗱𝗱𝗵𝗶 𝗦𝗵𝗮𝗿𝗲 𝗕𝗿𝗼𝗸𝗲𝗿𝘀

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2022-08-25 06:27:52 Open / Comment

2022-08-25 06:27:48 See how the market will perform



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2022-08-03 13:36:48 Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM – Wednesday, August 3rd 2022.

Nifty shows resilience to sellers as bulls’ step-in after morning wobble.

# Nifty (+43, 17388).
# Sensex (+214, 58351)

Despite early morning wobble, Nifty ended the day firmly above the dotted lines – taking the winning streak to six. Most importantly, bulls held to the reins – keeping geopolitical tensions and recession fears at bay.

Amongst stocks, RIL, TCS, Infosys and ICICI Bank were the positive contributors for benchmark Nifty.

Long story short: Unstoppable Rally for benchmark Nifty.

Meanwhile, EEuropean shares too rebounded from early losses to trade in the green on Wednesday, with the Dax adding nearly 0.2%.


Riddhi Siddhi Share Brokers The key highlights of Wednesday’s trade:

# Bank Nifty ended 0.30.09% lower as against Nifty gains of 0.25%.

# Nifty IT index was star out-performer the day up 1.30% while Nifty Auto index slipped 0.80%.

# Nifty’s Major Gainers: TECH MAHINDRA (+1.92%) INFY (+1.62%) TITAN (+1.57%)

# Nifty’s Major Losers: SUN PHARMA (-2.23%) TATA MOTORS (-1.81%) KOTAK BANK (-1.80%)

# Adv-Dec 25 —— 25
# Nifty PCR 1.44
# BANK NIFTY PCR 1.09
# INDIA VIX 18.46 (-0.40%)
# Nifty MidCap (-1.27%, 8214)
# NiftySmallC (-0.52%, 9354)
# BANK Nifty (+0.09%, 37989)
# Nifty IT (+1.44%, 29443)
# USD/INR (+0.69%, 79.12)

RIDDHI SIDDHI SHARE BROKERS OUR VIEW FOR THURSDAY’S TRADE:

The streets’ sentiment now primarily hinges on the RBI Policy outcome and the US NFP to trickle in on Friday, 5th August.

Technically speaking, the immediate support seen at the 17121 mark. Only below 17121, expect Nifty to quickly slip towards 16750-16800 zone. Honestly speaking, amidst overbought conditions, the perma-bulls will have to really find reasons to protect Nifty’s biggest support at 17121 mark.

Alternatively, if Nifty’s support at 17121 holds, then expect the benchmark to shoot to the moon with targets at 17557 and then at 18100 mark.

Amongst stocks looking attractive on buy side are MPHASIS, PERSISTENT SYSTEMS and SRF with an interweek perspective.

ALL ABOUT NIFTY:
Support: 17121/16821
Resistance: 17557/18117
Range: 17200-17550
21 DMA: 16523
50 DMA: 16213
200 DMA: 17013
Trend: Positive

BULLISH LOOKING STOCKS:
# PERSISTENT SYSTEMS
# MPHASIS
# AXIS BANK

BULLISH LOOKING STOCKS (LONG TERM):
# SRF
# AARTI INDUSTRIES
# AXIS BANK

BEARISH LOOKING STOCKS:
# LIC HOUSING FINANCE
# BIOCON
# IPCA LABS

STOCKS TO AVOID:
# BHARAT FORGE
# MCX
# BANDHAN BANK


Stay Tuned.

Disclaimer: This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Returns mentioned herein are in no way a guarantee or promise of future returns. Stock market investments are subject to market risk Open / Comment