"Nifty has shown good momentum in September so far and is inching closer towards its life highs where it could face some resistance. However, we expect outperformance in the broader market to continue with interest in niche sectors," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd
“Traders should align their positions accordingly and maintain a balanced approach as broader indices look stretched,” said Ajit Mishra, SVP - Technical Research. Vedanta, Zen Technologies, RITES, Max Healthcare among stocks to watch on Friday
Vedanta Resources Ltd. is reportedly planning to meet bondholders in Singapore and Hong Kong as the Indian miner faces repayment of about $2 billion of notes next year
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Shares of Tatva Chintan Pharma, Zen Technologies will be trading ex-dividend on September 8 (Friday). The companies announced a final dividend of Rs 2 and Rs 0.2 per equity shares respectively
Shares of RITES will be trading ex-dividend on September 8 (Friday). The company announced a final dividend of Rs 6 per equity shares
Shares of Max Healthcare will be trading ex-dividend on September 8 (Friday). The company announced a final dividend of Re 1 per equity shares
Shares of Housing & Urban Development Corporation Ltd (Hudco) will be trading ex-dividend on Friday. The company announced a final dividend of Rs 3.1 per equity shares
"A long bull candle was formed on the daily chart, that has surpassed the immediate resistance of 19,650 levels on Thursday and closed higher. The overall chart pattern is indicating a larger upside breakout of broader consolidation/triangle pattern of the last 5 weeks and this is opening potential pattern upside target for Nifty around 20,000-20,200 levels over the next couple of weeks. Any intra-week dips down to 19,550-19,600 levels could be a buy on dips opportunity," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty has broken out of a three-day consolidation on the upside which indicates that it has started the next leg of up-move. Daily and hourly momentum indicators are in sync with the price action which should provide speed to the present up-move. On the upside 45,000 is the psychological hurdle and above that 45,200 shall be the next possible hurdle. Overall, the trend is positive, and any intraday dips should be bought into," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position.