Top trading ideas for today
BUY CHOLAMANDALAM FINANCE
CMP: Rs 1,581.60
GOAL: Rs 1,740
STOP LOSS: Rs 1,460
The stock has reached a higher bottom formation pattern with support at 1465 in the daily chart and has now strengthened again after exceeding the significant 50 DMA level and also the 34 WMA, and we expect further upward moves in the coming days. The RSI has recently reversed the trend and maintained a positive bias. With good volume activity, we recommend buying in this stock for a target price of 1,740 with a stop loss of 1460. Click here for more
Great view from Prabhuda's Lilladher
It was a decent recovery from Nifty and BankNifty after the higher floor pattern was formed, and from now on Nifty is feeling the resistance at around 1
S & P BSE Sensex
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The development of SGX Nifty indicates a positive opening of the broader index in India, up 44 points or 0.41%. Skillful futures traded at the Singaporean Exchange at 10,723.50.
Asian stocks win
Asian equities rallied on Monday as strong US employment data cleared fears that tariff wars between the US and the rest of the world could weaken global economic growth.
MSCI's broadest index of Asia Pacific equities outside Japan rose 0.3%, while the Japanese Nikkei rose 1%.
Wall Street shares rose Friday after the latest monthly labor market report highlighted the strength of the US economy and geopolitical tensions.
The Dow Jones Industrial Average surged 219.37 points or 0.9% to 24,635.21, the S & P 500 up 29.35 points, or 1.08% to 2,734.62, and the Nasdaq Composite 112.22 points or 1.51% to 7,554.33
Benchmark indices are likely Asian equities rallied strongly on Monday as strong US employment data clears up concern that tariff wars between the United States and the rest of the world are global Could weaken economic growth.
Investors will also follow the monsoon's progress and the movement of the rupee against the US dollar for further guidance.
In the global markets MSCI the broadest index of Asia-Pacific shares outside Japan rose 0.3%, while Japan's Nikkei rose 1%.