Nifty may be nearing the end of its correction, with strong support around 25,200–25,300, said analysts. A move above 25,550–25,660 could revive the uptrend towards 25,800–26,000, while a break below 25,000–25,300 may extend the decline. NAGARAJ SHETTI SENIOR TECHNICAL RESEARCH ANALYST, HDFC SECURITIES Where is Nifty Headed? A bull candle with a long lower shadow … Read more
Tata Communications has staged a decisive breakout, signaling a potential structural uptrend. According to Rupak De, Senior Technical Analyst at LKP Securities, the stock looks poised for a medium-term rally with a target of Rs 2,300 over the next 9–12 months, while Rs 1,700 remains a key support level. Edited excerpts from a chat: Notwithstanding … Read more
The Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so. On Friday, the Nifty closed lower by 1.2% at 24,717.70, … Read more
Markets have been moving sideways again for quite sometime now. However, no major change on the overall trend yet. Weekly expiry option for Nifty witnesses PE writers actively adding their positions at 18,600PE – over 56 lakh shares OI, with fresh additions of more than 45 lakh shares. CE writers’ exposure lies at 18,600CE /19,500CE … Read more