Mumbai: Continuing the momentum from last week, the Indian stock market witnessed strong gains from the banking sector, while metals faced mild profit booking. Nifty sustained above the 25,900 mark, signaling resilience across key indices despite a quiet trading day. Market expert Rohit Srivastava in an interview with ET Now said, “The next level for … Read more
Bank Nifty closed the week at 58,518, up 641 points, and has formed a bullish candle on the weekly chart, signalling a positive bias. After breaking above horizontal resistance at 57,600, the index is consolidating in the 58,600–57,600 band, with a sustained move above 58,600 likely to push it towards 59,000–59,500 and a break below … Read more
After a brief bout of profit booking, the bulls seem to have regained control of Dalal Street, with both Nifty and Bank Nifty poised for fresh highs. According to Rajesh Bhosale, Technical Analyst at Angel One, the market mood remains constructive, and any short-term correction should be viewed as a buying opportunity. “If you see, … Read more
Indian markets witnessed a buoyant mood on Monday, with Nifty emerging from its long period of consolidation. According to Rajesh Bhosale, market strategist, technical indicators suggest further upside for the benchmark index. Bhosale said, “So, yes, a very cheerful mood in our markets. In fact, if we see after last one year of consolidation, Nifty … Read more
The Indian equity market saw a cautious session on Thursday as the Nifty slipped below the critical 25,000 mark. Market participants are now closely watching the next support levels amid ongoing consolidation after a strong rally of over 1,000 points in recent weeks. Rahul Sharma, a market strategist, explained the current scenario for investors in … Read more
As Indian equity markets continue to evolve, some believe it’s time to revisit the methodology behind index composition, particularly in how weights are assigned to constituent stocks. The conversation is gaining momentum amid concerns that current weightings overly favor a handful of large-cap names, potentially leading to manipulation by large players in major indices like … Read more
Indian equity indices ended the week on a weak note, reacting to a combination of global uncertainties and sustained foreign fund outflows. The Nifty 50 slipped below the crucial 24,400 mark, closing at 24,363.30, down 232.85 points or 0.95%, while the Sensex declined 765.47 points or 0.95% to settle at 79,857.79. Concerns over elevated global … Read more
Indian equity benchmarks extended their losing streak to a fifth consecutive week—marking the longest run of weekly losses since August 2023—as renewed global trade concerns and tepid corporate earnings weighed on sentiment. The Nifty 50 slipped 0.82% to 24,565.35 and the BSE Sensex ended 0.72% lower at 80,599.91 on Friday. All key sectors, barring a … Read more
“If we consider the RSI momentum indicators, possibly this positive momentum is likely to extend, so bullish on ICICI as well as HDFC Bank, but we sense that this momentum is likely to be led by the ICICI Bank,” says Rajesh Bhosale, Angel One.Tell us what is your view particularly on the indices at present … Read more
“We expect a strong up move in State Bank and State Bank can be bought. Currently, it is trading somewhere around 818, 820 levels. It can be bought with a stop loss of 802 and the upside that we are expecting is 855 on the State Bank,” says Rajesh Bhosale, Angel One. Considering levels on … Read more