What should investors do with Aarti Industries, Cummins India and Bharat DynamicsMoneycontrol • 14 days ago
Cummins India traded above all key moving averages. The stock has seen long bullish candlestick pattern formation on the daily charts with average volumes.
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Various government initiatives towards incremental capex spending have aided the growth in the capital goods sector. The S&P BSE capital goods index has risen 8 percent this year, so far, against a 2 percent rise in the benchmark Nifty
the Nifty may face hurdles at 22,250-22,300 and, if this level is broken decisively, then a record high can't be ruled out. On the downside, it the index breaches the 22,000 level, then 21,900 is going to be next support level and then 21,700, the low of the last week
Based on the current chart patterns, a robust bullish phase is anticipated for the longer term. It is advisable to consider buying opportunities above the 22,200 level, targeting potential upside levels ranging from 22,530 to 22,900 on Nifty.
Experts hope to see the Nifty 50 at 22,600 in an immediate term and 22,800 in the short term, with support at 22,400, and then at 22,200. But, in between, the 22,500 level is likely to be crucial in determining the subsequent direction in the market
General Insurance Corporation of India has seen a decisive breakout of horizontal resistance trendline on the daily charts. The stock has formed robust bullish candlestick pattern with strong volumes and traded above all key moving averages.
Net Sales are expected to increase by 9.1 percent Y-o-Y (up 25.2 percent Q-o-Q) to Rs 2,379.1 crore, according to Prabhudas Lilladher.