Inside PSL Research
Welcome to the Peerless Securities Research Centre - the special research cell where some of India's finest financial analysts bring you intensive research reports on how the stock market is faring, when is the right time to invest, when to execute your order and more.
Depending on what kind of investor you are, we bring you fundamental or basic research and technical research. As an investor with Peerless Securities, you get access to these research reports exclusively. You get access to the following reports.
Market Outlook: Insights and Predictions for the Market Ahead
In an ever-evolving economic landscape, staying informed is crucial. Our comprehensive analysis delves into key market trends, emerging opportunities, and potential challenges. Join us as we explore the factors shaping the future, from technological advancements to geopolitical influences, providing you with the knowledge to make informed investment decisions. Stay ahead with our expert insights and strategic forecasts, designed to help you thrive in a dynamic market environment.
Date: 26-July-2024
Indian equity market to open up as U.S. stock futures rose on after mixed closure on Thursday. Wall Street attempted to recover from the worst session since 2022 for the S&P 500 and Nasdaq Composite. Investors assessed a second-quarter GDP report that showed the economy grow 2.8%, much more than expected. Economists surveyed by Dow Jones had anticipated growth of 2.1%. Rotation is away from megacap tech into small-cap stocks and more cyclical areas.
Nifty index (LTP 24,406) managed to defend the 20 SMA (24,373) for the third straight session, which is also the middle of the Bollinger band. Till it defends the 24,400 level, then a pullback towards 24,500-24,600 zone is expected and thereafter resistanceat 24,800. Only below the 24,400, a downmove towards 24,100-24,000 will be seen.
Bank Nifty closed down for third consecutive sessions with a lower high-lower low formation and closed below the 50-day EMA (50,940) with bullish candlestick formations. An upside is expected where initial hurdle is seen at 51,500 zone. On the downside, support is seen towards the 50,500 then 50,250 levels.
Advantages of our Research Desk
Our highly dedicated team does in depth analysis of industries and stocks for the benefit of our investors. Investor gain is our top priority. We specialize in five core product areas. These are Equities, Commodities, Currencies, Derivatives and Mutual Funds. Our views are purely based of analysis and are independent, unbiased and balanced.
Technical View
A technical view of Indices/Stocks summarising the previous day movement and what is expected to happen on the current time frame. This report will cover technical calls for trading along with various supports and resistances of chosen Indices/stocks.
Morning Brief
It provides financial information, business news, analysis, and stock market data. It also offers finance advice, company news, and stock market quotes. You also have information on daily economic, political and various other factors which affect the fundamentals or price movement of a company.
Stock Ideas
Ever wanted to pick a needle from a stack of Hay. That's exactly what a stock Idea is. Our research desk picks out potential stocks which can provide high scope for returns on investments. This is a report which is based on fundamentals as well of technical aspect.
Special Report
Events which are likely to affect equity market in short term do impact the sentiment and investment pattern of the traders as well of investors. We cover such events like Budget, major economic upturns or downturns likely to impact equity market movement.
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