Latest news with #RajeshPalviya
Economic Times
2 hours ago
- Business
- Economic Times
Key strength ratio signals bullish momentum for Indian markets
Srivastava, however, said some stocks and sectors are not participating in the markets but post short-term consolidation, these stocks and sectors are expected to follow suit. Investor confidence is growing, as indicated by the advance-decline ratio for BSE-listed stocks remaining above one for the fourth consecutive month in June. This bullish momentum, coupled with a revival in the IPO market and broad-based buying, is expected to drive the markets to new peaks. Analysts predict Nifty could reach 26,400 initially and potentially 28,380 by December. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: The monthly advance-decline ratio (ADR) for all BSE-listed stocks was above one in June for the fourth consecutive month. Analysts said it indicates improving investor confidence. This, amid a revival in the IPO market and broad-based buying, is expected to propel the markets to a new peak in near term. The last time the ADR was consecutively above one was between April 2023 and January 2024 for 10 consecutive months."The ADR remaining over one consistently is a sign that the bullish momentum is back as benchmark indices are trading above key moving averages while the mid-cap and small caps are in an upward trajectory as well," said Rajesh Palviya, head of technicals and derivatives, Axis Derivatives. "The VIX has meanwhile remained comfortable below 14."Palviya said the overseas investors have turned buyers of Indian equities amid a revival in the IPO market and promoter stake sales - all without a significant fall in the the past four months, benchmark Nifty gained around 15% after declining 6.4% in the first two months of the year. The Nifty Mid-cap 150 and Small-cap 250 indices gained 23.6% and 28% respectively in the past four the derivatives front, overseas investors reduced short positions on index futures on expiry from the peak of 1,09,471 positions to 38,123 positions which leaves room for short squeeze."The foreign investors remain short on the market and haven't reduced their positions significantly yet," said Rohit Srivastava, founder, "Short covering on that front could be a trigger for the markets that pushes it higher." Srivastava said the bullish momentum indicated by consistently positive ADR is likely to support benchmark Nifty to all time high especially since July has been a strong month historically for the investors turned buyers of Indian equities in March after selling shares worth ₹1.46 lakh crore. "The market has absorbed the negatives such as Trump tariffs, India-Pak dispute and the middle eastern conflict with no major declines," said Srivastava. "In the near term, benchmark Nifty is likely to be at 26,400 levels initially and move towards 28,380 levels by December this year."Srivastava, however, said some stocks and sectors are not participating in the markets but post short-term consolidation, these stocks and sectors are expected to follow said benchmark Nifty is expected to be at all time high levels in July or latest by August- as Trump is expected to soften the tariffs and the impact is likely to be limited to sectors like IT, pharma and auto may face the brunt. Palviya said benchmark Nifty is expected to be at 25,800-26,000 levels in the near term and all sectors are expected to contribute to the upmove.'Bank Nifty is on an upward trajectory, and auto and FMCG indices are also near breakout levels while railways, chemicals, sugar and fertilisers are also inching higher which indicates that strength is returning to the street.' The delivery volumes witnessed a steady upmove since April; after peaking in March, however, analysts attributed the increase to regulations on volumes.'The delivery volume share moved up steadily on a monthly basis, however, Sebi regulations on volumes especially for smallcap and mid-cap segment had more to do with it,' said Palviya. 'While delivery volumes moved higher, the turnover hasn't increased much.'
Time of India
2 hours ago
- Business
- Time of India
Key strength ratio signals bullish momentum for Indian markets
Mumbai: The monthly advance-decline ratio (ADR) for all BSE-listed stocks was above one in June for the fourth consecutive month. Analysts said it indicates improving investor confidence. This, amid a revival in the IPO market and broad-based buying, is expected to propel the markets to a new peak in near term. The last time the ADR was consecutively above one was between April 2023 and January 2024 for 10 consecutive months. "The ADR remaining over one consistently is a sign that the bullish momentum is back as benchmark indices are trading above key moving averages while the mid-cap and small caps are in an upward trajectory as well," said Rajesh Palviya, head of technicals and derivatives, Axis Derivatives. "The VIX has meanwhile remained comfortable below 14." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Philippines: Affordable Refrigerators for Sale - Check Out the Prices! Refrigerators | Search Ads Search Now Undo Palviya said the overseas investors have turned buyers of Indian equities amid a revival in the IPO market and promoter stake sales - all without a significant fall in the market. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Agencies In the past four months, benchmark Nifty gained around 15% after declining 6.4% in the first two months of the year. The Nifty Mid-cap 150 and Small-cap 250 indices gained 23.6% and 28% respectively in the past four months. On the derivatives front, overseas investors reduced short positions on index futures on expiry from the peak of 1,09,471 positions to 38,123 positions which leaves room for short squeeze. Live Events "The foreign investors remain short on the market and haven't reduced their positions significantly yet," said Rohit Srivastava, founder, "Short covering on that front could be a trigger for the markets that pushes it higher." Srivastava said the bullish momentum indicated by consistently positive ADR is likely to support benchmark Nifty to all time high especially since July has been a strong month historically for the markets. Overseas investors turned buyers of Indian equities in March after selling shares worth ₹1.46 lakh crore. "The market has absorbed the negatives such as Trump tariffs, India-Pak dispute and the middle eastern conflict with no major declines," said Srivastava. "In the near term, benchmark Nifty is likely to be at 26,400 levels initially and move towards 28,380 levels by December this year." Srivastava, however, said some stocks and sectors are not participating in the markets but post short-term consolidation, these stocks and sectors are expected to follow suit. Analysts said benchmark Nifty is expected to be at all time high levels in July or latest by August- as Trump is expected to soften the tariffs and the impact is likely to be limited to sectors like IT, pharma and auto may face the brunt. Palviya said benchmark Nifty is expected to be at 25,800-26,000 levels in the near term and all sectors are expected to contribute to the upmove. 'Bank Nifty is on an upward trajectory, and auto and FMCG indices are also near breakout levels while railways, chemicals, sugar and fertilisers are also inching higher which indicates that strength is returning to the street.' The delivery volumes witnessed a steady upmove since April; after peaking in March, however, analysts attributed the increase to regulations on volumes. 'The delivery volume share moved up steadily on a monthly basis, however, Sebi regulations on volumes especially for smallcap and mid-cap segment had more to do with it,' said Palviya. 'While delivery volumes moved higher, the turnover hasn't increased much.'
Mint
6 days ago
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Titan, Hindalco, Dalmia Bharat shares today
Stock market today: Domestic stock indices began the day with gains for the fourth consecutive session on Friday, buoyed by positive international signals, such as indications of a possible extension to the July 9 tariff deadline. The White House suggested that the tariff deadline might be delayed, and President Donald Trump mentioned that a "great deal" with India is on the horizon, which improved investor confidence. The Nifty 50 index commenced at 25,576.65, rising by 27.65 points or 0.11%. Similarly, the BSE Sensex also started higher at 83,774.45, increasing by 18.58 points or 0.02%. Rajesh Palviya of Axis Securities, highlighted Nifty 50's crucial support zone is located around the 25,200-25,000 levels; any minor correction around this remains a buying opportunity for traders. Palviya has recommended three stocks to to buy, hold, and accumulate. Here's what he says about the overall market. With the current close, the benchmark index has decisively surpassed the past 8-9 months' multiple resistance zone of 25,200 levels on a closing basis, indicating strong bullish sentiments. The index is firmly placed above its 20, 50, 100, and 200-day SMA, which reconfirms a bullish trend on a higher time frame. On the upside, the index is likely to extend momentum towards 25,800-26,000 levels. The crucial support zone is located around the 25,200-25,000 levels; hence, any minor correction around this remains a buying opportunity for traders. The daily strength indicator RSI has turned bearish, indicating a loss of strength. On the daily chart, the stock has confirmed a "Cup & Handle" formation at 3,660 levels on a closing basis. This breakout is accompanied by huge volumes, which signifies increased participation. The stock is sustaining above its 20, 50, 100 and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. The daily "band Bollinger" buy signal suggests increased momentum. The daily and weekly strength indicator, Relative Strength Index (RSI), is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 3,850-4,000, and its downside support zone is the ₹ 3,640-3,600 levels. On the daily chart, the stock has experienced a trend reversal at the trendline breakout of 685 levels on a closing basis. The stock is sustaining above its 20, 50, 100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. This breakout is accompanied by huge volumes, which signifies increased participation. The daily "band Bollinger" buy signal suggests increased momentum. The daily and weekly strength indicator, Relative Strength Index (RSI), is in favourable territory, indicating rising strength across all time frames. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 713-740, and its downside support zone is the ₹ 670-660 levels. On the daily and weekly charts, the stock is trending higher, forming a series of higher tops and bottoms, indicating positive bias. Recently, the stock has corrected and rebounded very sharply from the 50-day SMA (2019), which remains a crucial support zone. The stock is sustaining above its 20, 50,100, and 200-day Simple Moving Averages (SMA), reconfirming the bullish trend. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 2,350-2,430, and its downside support zone is the ₹ 2,100-2,050 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
20-06-2025
- Business
- Mint
Stocks to buy: Rajesh Palviya of Axis Sec suggests Swiggy, Wipro, Bharti Airtel shares today
Stock market today: India's stock indices opened slightly higher on Friday, driven by financial sector gains after the central bank relaxed project financing regulations, though rising tensions between Israel and Iran limited further increases. As of 9:23 IST, the Nifty 50 had increased by 0.17% to reach 24,836.15, while the BSE Sensex climbed by 0.22% to 81,540.81. Global market sentiment remained weak following reports of Israeli strikes on Iranian nuclear facilities, which led to retaliatory missile and drone attacks by Iran. The White House announced that President Donald Trump would make a decision within two weeks regarding US military support for Israel. Rajesh Palviya of Axis Securities recommends Swiggy Ltd, Wipro Ltd, and Bharti Airtel Ltd. Here's what Palviya says about the overall market. In the previous session, Nifty 50 closed at 24,793, experiencing a modest dip of 19 points. The daily chart painted a picture of uncertainty, showing a Doji candlestick that signifies a standoff among market participants, where bullish and bearish forces struggle for dominance. Accompanying this was a small negative candle, adorned with subtle upper and lower shadows, further hinting at a period of turbulent, sideways movement. After a sequence of climbing peaks in recent weeks, Nifty 50 now appears to have formed a new lower peak at 24,982, signaling a potential weakening as it transitions from higher highs to lower highs. Presently, Nifty 50 is hovering near an immediate support level of 24,700. Should it slip below this crucial support, it could tumble toward the next support level at 24,500-24,400 in the near term. Conversely, if it manages to break through and hold above the resistance level of 25,000, it could ignite a wave of renewed buying enthusiasm, breathing fresh life into the market atmosphere. On the daily and weekly charts, Swiggy share price has experienced a trend reversal, forming a series of higher tops and bottom formations. The stock is well placed above its 20, 50 and 100-day SMAs, which reconfirms a bullish trend. The past couple of months' rising volumes signify increased participation. The daily and weekly strength indicator RSI indicates rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 405-435, and its downside support zone is the ₹ 360-345 levels. On the daily and weekly charts, the stock has experienced a trend reversal, forming a series of higher tops and bottom formations. The 20 and 50-day SMA positive crossover signifies bullish sentiments and a positive trend. The past couple of weeks have seen rising volumes indicating increased participation. The daily and weekly strength indicator RSI indicates rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is ₹ 276-290, and its downside support zone is the ₹ 257-255 levels. Bharti Airtel share price is in a strong uptrend across all time frames; however, for the past couple of months, the stock has been consolidating within 1900-1800 levels, representing sideways movement. And hence any either side breakout may indicate further direction. As the stock is well placed above its 20, 50, 100 and 200-day SMAs and these averages are also inching up along with prices, which signals a higher probability for a range upward breakout. The daily, weekly and monthly strength indicator RSI indicates rising strength. Investors should consider buying, holding, and accumulating this stock. Its expected upside is 1,950-2,000, and its downside support zone is the 1,840-1,800 levels. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
16-06-2025
- Business
- Economic Times
Volatility to persist across markets amid unstable technical structure: Rajesh Palviya
"If Nifty at all crosses above 24,800-24,850 zone, then we could see some bit of short covering to trigger in Nifty trades and then this pullback can extend further towards 25,000. But overall, 25,000 may act as a stiff resistance for any pullback in the near-term perspective," says Rajesh Palviya, Axis Securities. ADVERTISEMENT What are the levels to watch out for really and as far as Nifty is concerned. Rajesh Palviya: So, since last four-week Nifty is consolidating in range only, 24,500 on the downside and 25,100-25,200 is the upper band for this consolidation. Again, every week we have tested both the levels during the volatility which we have witnessed in last couple of weeks. Again, now Nifty slipped below to 20-day moving average. Nifty has broken the major put based concentration wall at 24,800, so if it remains below to 24,800, we might see Nifty to consolidate it lower band like 24,400 to 24,800 would be the range for Nifty in the coming week. If Nifty at all crosses above 24,800-24,850 zone, then we could see some bit of short covering to trigger in Nifty trades and then this pullback can extend further towards 25,000. But overall, 25,000 may act as a stiff resistance for any pullback in the near-term perspective. Volatility is going to remain in the market in the today's session as well as the previous day was also witnessing the same kind of behaviour. So, we may see a volatile trading sessions going forward for next couple of days. Bank Nifty is little underperforming indices in this week and Bank Nifty has broken the important support area of 56,000. So, if it remains below to 56,000, the range for the Bank Nifty for coming week would be 55,000 to 56,000 and bias would be slightly on the bearish side for Bank Nifty until the Bank Nifty not crosses above 56,000 level, most of the gain which we have witnessed post RBI policy is almost gave up by the Bank Nifty now and now Bank Nifty is trading near to the critical support area of 55,500. So, any move below 55,500 may attract a more supply pressure and then possible down move can extend to 55,000 for Bank Nifty. We spoke about gold, but there are other prices that have been spiking up is the Brent crude, that is up almost 12% in this week. In fact, it is sitting at $73 a barrel. Now, of course, on the back of the heightened geopolitical tensions, the supply concerns and so on, there is a note by JPMorgan also that says that crude could touch $130 a barrel in worst case scenario. Do you concur and what is your view own crude and, of course, then therefore the sectors that are crude sensitive? Rajesh Palviya: So, because of this geopolitical tension yes, there is spike in crude prices. But looking at the weekly as well as the monthly setup on the technical side, $76 to $78 is the immediate hurdle for the crude. If at all crude manages to cross above $78 and sustain above those level, then yes, maybe this spike can extend further and then 86 to 88 would be the next target. But it all depend on what kind of escalation we are going to have in coming days, that is the major driver for this crude oil prices. But on the downside 68 is the immediate support area. If it breaks below 68, then yes, unwinding trade would take place in crude prices. But till it is trading above $68-69, there is a possibility that again the crude can move back to the 78 level and if it crosses 78, 86 to 88 would be the next target for crude.
