Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now eyeing reclaiming the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels … Read more

Short covering-led rally in last leg turns D-Street green on a dull day

Short covering-led rally in last leg turns D-Street green on a dull day

Mumbai: India’s benchmark indices ended nearly 1% higher on Thursday, in a late surge, driven by short covering ahead of the expiry of Nifty‘s weekly futures and options contracts. NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as … Read more

Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Nifty on Wednesday ended 17 points lower to form a high wave type candle on the daily chart. The index largely traded sideways and failed to generate any significant directional breakout. The short-term trend of Nifty continues to be up. Further consolidation or minor dip in the market is expected before showing further upmove. A … Read more

Big movers on D-Street: What should investors do with Hindustan Zinc, Vodafone Idea and Angel One?

Big movers on D-Street: What should investors do with Hindustan Zinc, Vodafone Idea and Angel One?

Benchmark indices hit new peaks on Tuesday with Sensex breaching the historic 75,000-mark for the first time during intra-day before ending the session marginally lower on profit-booking at higher levels. Stocks that were in focus included names like Hindustan Zinc, which jumped nearly 17%, Vodafone Idea, which fell 2%, and Angel One, whose shares declined … Read more

Breakout Stocks: How are Bombay Burmah, Angel One and Paytm looking on charts for Monday’s trade?

Breakout Stocks: How are Bombay Burmah, Angel One and Paytm looking on charts for Monday’s trade?

Indian market closed in the red for the third consecutive day in a row on Friday. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19600 levels. Sectorally, selling was seen in oil & gas, metal, telecom, FMCG and energy stocks. Stocks that were in focus include names like Bombay … Read more

Outlook on Wealth Management sector: Angel One, 360 One could give 10-20% return in 1 year

Outlook on Wealth Management sector: Angel One, 360 One could give 10-20% return in 1 year

Domestic equities saw a sharp rally from the start of FY24 with Nifty crossing the 20k mark supported by strong macros and upbeat earning growth. This is also reflected in the revival of the number of active users on NSE which increased for the second consecutive month to 32.7m in Aug’23 from 31.9m in Jul’23. … Read more

‘Pledge-repledge’ model mooted for brokers, investors

‘Pledge-repledge’ model mooted for brokers, investors

Mumbai: The capital market authorities are understood to be examining a ‘pledge-repledge mechanism’ to meet the twin objectives of ring-fencing unused investor money lying with the stock brokers while simultaneously letting them earn from the float. Since earnings from unutilised money of clients comprise a significant part of the income of many brokers, there has … Read more

Gold unstoppable! Should you buy at current highs or wait for correction?

Gold unstoppable! Should you buy at current highs or wait for correction?

Gold prices have shot up nearly 8% this year-to-date and the yellow metal has outperformed all other asset classes. As the prices remain elevated, investors must wait for some correction in yellow metal before resuming a buy. While the jury is still out on whether the Federal Reserve will increase interest rates or do a … Read more