Markets started the calendar year 2024 on a muted note and settled almost unchanged amid mixed cues. Participants were in the profit taking mood from the beginning and weak global cues further added to the pressure in the middle. However, buying in the select heavyweights in the final sessions trimmed the losses.
Eventually, both the benchmark indices, Nifty and Sensex settled flat at 21,710.80 and 72,026.15 respectively. Meanwhile, mixed trends across sectors kept the participants busy wherein realty, pharma and energy were among the top performers.
The continued strength in the broader indices amid consolidation further added to the trading opportunities and both midcap and smallcap indices gained in the range of 2%-2.6%.
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As we enter into the earnings season next week, the focus will be on the IT majors to start with. The recent dip in the tech-heavy US index, Nasdaq, has resulted in a dip in our IT counters too however the downside seems capped now.
Besides, we are seeing profit taking in the US market benchmark index too, after the 9-week of successive advances and further decline may impact the uptrend in our markets too. Needless to say, the support is intact around the 36,500-37,100 zone in the Dow Jones Industrial Average (DJIA) and bias would again turn positive above the 37,800 level.
The recent price action in the Nifty index shows indecisiveness and we may see further consolidation. A decisive close above 21,800 would prompt the next leg of the up move towards 22,150 else consolidation will continue, with a cushion around the 21,200-21,500 zone.
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Meanwhile, stay focused on identifying stocks across sectors that are showing relatively higher strength and accumulate them on dips. Besides, traders can selectively pick counters from the midcap and smallcap counters too but maintain hard stops citing the expected rise in volatility due to earnings.
(Ajit Mishra, SVP- Technical Research, Religare Broking. Views expressed are author’s own. Please consult your financial advisor before investing.)
Between the giant creatures, multiple on-screen characters, and a large map to explore, there’s no question that Capcom’s Monster Hunter Wilds is going to demand a lot of power from PCs. Now, less than a month away from the game’s release, Capcom has shared a PC benchmark tool to show players how their computer measures up to the system specs.
The Monster Hunter Wilds benchmark is on Steam’s site, and it requires players to have Steam installed and room to download the benchmark itself Come from Sports betting site VPbet . The benchmark can rate the performance of your machine and give it a score up to 20,000. Any computer that hits 10,250 and up on the benchmark will be able to play the game. Everything that comes in underneath may take some changes in order to properly enjoy the experience.
The game’s minimum system requirements have also been released and can be seen below:
Palworld is launching on PlayStation 5 today, after releasing in early access on PC and Xbox Series X|S earlier this year. The massive survival-crafting game saw huge numbers at launch and has now made its way to the PS5, despite its creator currently being sued by Nintendo for alleged patent infringement. Palworld is launching for PS5 in 68 countries, but not Japan, reportedly due to the lawsuit, though this is not outright confirmed.
Palworld is an open-world survival-crafting game where you gather resources to built up a base of operations. It originally garnered a ton of attention for its monster-catching and battling aspects, which function similarly to Pokemon, although in a very different type of game. Some of the Pals designs were criticized for being very similar to some Pokemon designs, although it appears Nintendo never took legal action on that front.
