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Axis Bank stock tumbles over 5%
New Delhi: Axis Bank’s stock tumbled over 5 per cent on Thursday after the company’s June quarter earnings failed to cheer investors. The stock ended...
Mkts slip into red on profit booking
Sensex, Nifty pare early losses; Heavy offloading in metal, auto and IT stocks: Mcap on BSE fell by Rs1.22 lakh cr to Rs450.05 lakh cr or $5.39 trn
Market texture is non-directional
For now, 80,100 would be key resistance, above which index could move upto 80,400-80,600. On flip side, dismissal of 79,730 may retest 79,500-79,200,...
Stock-specific trading may continue
Nifty has formed another Doji candle after 2 days of gap; It recovered intraday losses and closed flat; Stay cautious as the momentum is clearly...
Traders await either side breakout
For the traders now, 80,390 would be the immediate breakout level, above which, the market could rally up to 80,700-80,800pts; On the flip side, the...
Quick correction likely
For the traders now, 79,700 would be the immediate resistance zone. Below which, market could retest the levels of 79,100-79,000. On the flip side, we...
Heavy Call base suggests building pressure in mkt
Put-Call Ratio of OI stood at 1.49 indicating more Call writing more than Puts
Avoid highly leveraged positions
Any further rally will attract profit bookings; It is better not to chase at the higher levels
