Analyst View

Indian Markets Look Strong with Nifty bullish upside range of 11800-12200

After hitting all-time high of 11761 in the Benchmark Nifty50 last week, Index is now consolidating in a range. Nifty50 benchmark has formed higher high for the seven consecutive weeks but on RSI front it formed a negative divergence along with stochastic moved in an overbought territory which led profit booking in the past sessions.

The present consolidation phase will indicate a fresh uptrend resuming in the near future. The index shall resume its uptrend since no major change in stance before election, its structure of higher high and higher bottoms shall continue in near future.

Indian Stocks Look Strong on Fresh Breakout

Indian markets have gained momentum in the recent weeks as global cues offer strength to local indices. Nifty posts biggest gain of the year as it moves beyond 61.8% mark on a closing basis with a breakout that may last for few coming weeks. This is the biggest gain Nifty has posted on a weekly basis since this year has started or since November last year keeping short sellers and bears trapped at lower levels. Positive global cues, comfortable inflation data, and Increase in FII's investment kept bulls in charge for the last 4 weeks. Global cues were largely positive with better than expected Core retail sales and retail sales numbers from the US and improved GDP numbers m/m from GB along with higher manufacturing production taking out the clouds of Brexit.

Indian Market Volatile after geopolitical tension between India and Pakistan

Volatility shoots up as it inches up by 10% amid rising concerns on Geopolitical front though market sustains the lower levels with Nifty sustaining the 10800 levels. A gap down open amid the Surgical strike by IAF caused traders to be pounded by negative sentiments but Nifty managed to recover quickly from lower levels.

The markets may not respond negatively since we do not have that kind of trades with our neighboring country like Pakistan. We believe this will be a non-event for the market since when we look at history we see wars that have been extended to 3 months of time. So that was a different time and in fact at that point of time, Indian Nifty managed to fetch a 35% return.

Indian Market Outlook by Epic Research

Nifty declines more than a percent as the range trade continues among the slew of economic and global events that can give fuel to volatility. A bloodbath in Media Stocks and Auto stocks while selling pressure in real estate space, Midcap, PSU saw a cut of more than 1% to 3%. Global markets were also muted after the last few weeks as profit booking was seen with leading indices such as DJIA, S&P500, and FTSE witnessing profit booking.

The week started off on a positive note with the assumption of a possible beginning of a trend but muted volatility and key resistances were seen holding their importance as we consolidated for a 6th consecutive week.

Sunteck Realty Recommended by ICICI Securities and Axis Capital

Sunteck Realty has been recommended by three brokerages. The company has been showing good sales record for its apartments. Brokerages have raised priced target for Sunteck Realty considering future sales growth expectations.

ICICI Securities: We retain our BUY rating on SRIN with a revised target price of Rs513/share. We like SRIN because it: (1) enjoys strong brand recall in Mumbai, (2) has strong balance sheet with net debt of 0.2x, and (3) rejigged strategy of advancing monetisation of its Goregaon ODC land parcel by building annuity assets.

Pre-Budget Expectations for 2019: Epic Research

As India heads for elections in few months, the last budget for the current government could end up as a budget for the people. Markets are expecting some positive announcements from the Finance Minister in the upcoming budget. Epic Research has offered its expectations from Union Budget for the next year.

The budget has always been an event when we expect volatility to expand with perception to safeguard the portfolio and hedge the overall risk in the market we see a lot of activity in the derivatives. This budget is no different than previous but the fact remains it is coming in an Election year.

Comments on Massive Decline in Indian Stock Markets by Rahul Sharma

After massive decline in the U.S. stock markets on Wednesday due to trade-war worries and rising interest rates, markets across Asia opened with major decline. Indian markets opened nearly 3 percent lower and at one time BSE Sensex declined more than 1,000 points. Commenting on the strong movement in Indian stocks, Mr. Rahul Sharma, Sr. Technical Research Analyst, Equity99 said that Indian markets could see volatility in near term.

Indian Market triggers for next week will be IIP data and Quarterly results: Epic Research

Market triggers for next week is IIP data and Quarterly results

Indian markets scaled new highs this week as many companies posted strong quarterly results and global markets were buoyant. Investors are expecting markets to remain strong and select counters have witnessed renewed selling after sell-off seen few weeks back. Markets could face a correction as well but all that would depend on global cues.

Nifty posts a third week of continued gains taking positive cues from the global market, falling crude oil prices and FII coming back to Indian equity market. Nifty made a fresh all-time high yet again for a third consecutive week of 11495.20 while profit booking dragged it lower to close it at 10429.

RBI policy will lead Indian Markets during coming week: Epic Research

RBI policy will lead Indian Markets during coming week: Epic Research

Indian Markets have been buoyant during the week, helped by strength in the global markets. Indian maA Fresh new all-time in benchmark indices with Nifty hitting 10283 while Sensex breached 37K mark to hit 37368.62. Backed by buying in broader indices, positive global cues, and strong rollover numbers indices managed to close near the day’s high. Heavyweights lead the rally again while sectorial indices with higher weight like Pvt. banks, Energy, FMCG, and Metals were shining 1% - 2.5%.

Quarterly Results will impact further movement in Indian Stocks

Quarterly Results will impact further movement in Indian Stocks

Stock specific action can be expected as many companies will declare their quarterly results. Some of the companies which Epic Research has tracked, will be announcing results. Have a look at what you can expect from some of the blue chip companies declaring results.

CEAT - Ahead of good Q1 results stock has surged nearly 9% in intraday. The stock has also given a breakout of double bottom chart pattern on the daily chart and given closing above the neckline. We recommend buying from the current level for the target of 1400 with the stop loss of 1310.

Indian Stock Market Outlook by Epic Research

Nifty ends the week on flat basis making a Doji pattern as indecisiveness near all-time highs mounted on the back of mixed global cues. Profit booking was seen and consolidation in a small range of 10930 to 11080 was observed.

The week for Nifty was sideways due to mixed cues from global markets as despite positive momentum in leading indices we have seen some profit booking due to higher inflation numbers. This also pointed to concerns of another rate hike by the RBI in its August meet. The Trade war concerns further mounted as a threat of it escalating further between US and China may push commodity prices higher. This would lead to higher pricing of commodities such as Crude. No confidence motion in the parliament, higher inflation numbers also weighed on investors.

Global developmemts and Crude Oil to impact Indian Stock Market: Epic Research

Global developmemts and Crude Oil will dictate market direction next week

Nifty ends positively for the third consecutive week on the back of positive global cues but upside remained capped as profit booking was seen with Trade war concerns and US federal rate hike. Bank Nifty lags while defensive sectors shine on the back of value hunting.

Indian Stock Market Outlook after Karnataka Election Results by Epic Research

Indian Stock Market Outlook after Karnataka Election Results by Epic Research

Indian stock markets witnessed volatile session on Tuesday as the election results pointed towards hung assembly in Karnataka. Markets were trading strong during the morning session as BJP maintained lead against its opponents. However, the market slipped as chances of BJP government in the state reduced due to post-poll alliance between Congress and JDS.

Indian Market Weekly Outlook by Epic Research

Nifty and Sensex Outlook

Indian market faced massive selling during the week and majority of panic in the local market was due to global cues. Indian stocks ended the week lower and NSE Nifty dropped below crucial support level. Indian Public Sector Banks spoiled the sentiment as continued selling in some of major banking counters led to decline in benchmarks. Banks are suffering from major crisis after bank guarantee scam by Nirav Modi and Gitanjali Gems.

During the week, U.S. President Donald Trump announced tariffs on steel and aluminum imports. The tariffs were condemned by majority of world leaders but President Trump continued with his plan to announce tariffs. After the announcement, Dow Jones Industrial Average still managed to close with minor loss on Thursday.

Indian Stock Market Outlook by Epic Research

Indian Stock Market Outlook by Epic Research

Global markets recovered by Indian market remained under pressure last week. The markets recovered during Friday's trading session but market analysts are still not sure if the markets will show a strong upside movement in the coming week. Have a look at Epic Research analysis on Indian Stock Market.

Nifty rebounds after three weeks of consecutive losses and end with indecisiveness forming a long-legged Doji on the weekly chart. A week with a lot of consolidation as the market traded within a range of 2%. Global market cues were also mixed as most leading indices were in consolidation while only Euro markets traded higher. Late weekend buying helped Nifty to almost reclaim the 10500 mark while bank Nifty also rebounded from 24800 to comfortably settle above 25K mark.

Biotcoin shows further strength and $20,000 is the next target

Biotcoin shows further strength and $20,000 is the next target

Bitcoin is showing further strength and the value could soon touch $20,000 as more people are buying cryptocurrency after its recent rally. While many technical experts, bankers and government authorities have spoken against the Bitcoin valuations, small investors have ignored those warnings. Bitcoin traded in $13,000 - $18,000 range during the first half of December 2017 but now it is looking all set to cross $20,000.

Indian Stock Market Remains Strong: Epic Research View

Indian Stock Market Remains Strong: Epic Research View

Indian Markets Recovered from Previous Week's loss and bulls were completely in charge of the market. The sentiment among retail investors are upbeat as many stocks touched their 52-week high. Indian markets are once-again hovering around their all-time high and global cues have led further strength to Indian equities. Majority of voices talking about correction have been silenced (at least for short term) by underlying strength in the market.

Nifty ended up giving a follow up buying post a reversal pattern last week and reversed from its crucial moving averages. The comeback of bulls was led by positive cues coming in from global markets which continued to flourish near all-time highs along with domestic cues as well.

Indian Stock Market Watch and Outlook by Epic Research

Indian Stock Market Watch and Outlook by Epic Research

Indian stocks markets witnessed selling pressure this week but the bullish sentiment returned during the end of the week as Moody's upgraded ratings for India. Market experts are still not convinced about strength in markets to reach new highs next week. Majority of analysts indicate high chances of correction in the market. As results season is about to end, Indian markets will mainly depend on global cues for direction over next few weeks.

Indian Stock Market Outlook by Epic Research

Indian Stock Market Outlook by Epic Research

Indian markets scaled new highs this week as the global sentiment was bullish. As the U.S. Government announced new tax rates, investors in the United States are upbeat about economy and future results from companies (mainly due to tax cuts). BSE Sensex and NSE Nifty touched all-time high during the week. Trading in majority of stocks remained positive and many companies touched their 52-week high during the trading sessions.

Analyst Recommendations for Indian Investors

Indian markets have managed to pullback from the quick decline witnessed in August. But, the investors have become very cautious and many of them are confused as well. The market direction is dependent on various factors and many of them are out of control of the companies one may invest in. The risk of war on Syria scared the investors in August and September. The Indian currency also faced one of the fastest falls in the month of August. Investors should be cautious about where they put their money. So, we are presenting some of the stocks which one can invest in medium to long term.

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