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Nifty50 index continued its positive momentum for the fifth consecutive session and extended the gains towards 11,680 level on Friday. It formed a bullish candle on the daily and weekly charts as the bulls held a tight grip on the market. It has been forming higher highs and lows from past five sessions and supports are shifting higher gradually.

Nifty climbed over 1 per cent on Thursday to resume its upward momentum after a brief pause. It formed a bullish candle on the daily chart and higher highs and lows for the fourth day in a row. Analysts said the index may face resistance in the 11,630-11,690 range and has support around the 11,430 mark. For the day, it closed at 11,586, up 122 points or 1.07 per cent.

Private sector banks, engineering construction companies and a contra bet auto are the three sectors to bet on for next 12-24 months, says UR Bhat, Director, Dalton Capital Advisors. Excerpts from an interview with ETNOW.

Benchmark indices ended the day near the day's high with Sensex above 39,000 and Nifty near 11,600. News that the European Union and the United Kingdom have agreed on a Brexit deal helped lift sentiment toward the end of the day's trade. The Sensex was up 453.07 points at 39,052.06, while Nifty was up 122.40 points at 11,586.40.

Dhiraj Relli, MD & CEO, HDFC Securities, is bullish on oil & gas, BFSI and digital/internet stocks and advises against investing in metals, realty and healthcare at the current juncture. On consumer durables, he feels stiff valuations warrant a buy on dips strategy. For traders, he suggests beaten down sectors like auto space provides a trading opportunity after underperforming for the past few quarters.

After a late rally, Nifty logged in gains for the fourth consecutive day on October 16. The index closed higher by 0.31 percent at 11,464 levels. The broader indices underperformed benchmark with BSE Midcap losing 1.38 percent and Smallcap gaining 0.21 percent respectively for the day. Market breadth on NSE was negative with an advance-decline ratio of 8:10 ratio.

Hindustan Zinc, HDFC, SBI Life Insurance, Kotak Mahindra Bank and ITC are the top five stocks to create wealth in the next 2-3 years, Umesh Mehta, Head of Research, Samco Securities, said in an interview with Moneycontrol’s Kshitij Anand.

The liquidity crisis is still continuing and we need to make sure that there are no further defaults or major downgrades from the system perspective, says Rajesh Kothari, Founder & MD, Alfaccurate Advisors. Excerpts from an interview with ETNOW.

Buying in financial, energy and IT counters in late trade on October 16 helped benchmark indices end the trading session on a positive note. The 30-share BSE Sensex rose 92.90 points to 38,598.99 while the Nifty50 climbed 35.70 points to 11,464, forming a Doji kind of pattern on daily charts.

I would suggest investors have limited exposure to the banking sector and invest only in banks with a better track record like SBI, ICICI, Axis Bank and HDFC Bank, Romesh Tiwari Head of Research CapitalAim, said in an interview with Moneycontrol’s Kshitij Anand.

The market ended higher for the third consecutive October 15 with Nifty closing above 11,800 after eight trading session. The Sensex ended 291.62 points higher at 38,506.09, while Nifty was up 87.10 points at 11,428.30. Market breadth was in favour of declines as 1,353 shares declined, 1,091 shares advanced, while 184 shares remained unchanged.

Markets tried hard to move past its important resistance points in Tuesday’s session, which remained stronger than expected. The market saw a positive start to the day and then logged gains as the day progressed. Nifty tried to move past the 100-DMA, which currently sits at 11,408. However, throughout the day, the market lacked the strength and conviction required for a sustainable upward move. After coming off the high point of the day, Nifty ended 87.15 points, or 0.77 per cent, higher.

Nifty50 opened positive and extended its gains towards the 11,460 level on Tuesday. It has been respecting its rising support trend line on the lower time frame charts, while multiple hurdles remain intact at higher levels. The index has surpassed its falling supply trend line on the daily scale, which was formed by connecting the swing highs of 11,694, 11,593 and 11,554 levels and started forming higher highs and lows on the daily scale.

50% of top 1,100 companies have fallen more than 50% from 2018 highs and the total value destruction in these 50% companies is Rs 27 lakh crore. Market Veteran Madhu Kela in conversation with Nikunj Dalmia of ETNOW. Excerpts from an interview with ETNOW.

The Nifty retained uptrend throughout the October 15 session and closed higher for the third consecutive day following strong FII inflows and calming of trade tensions between the US and China.