Tech View: Nifty forms Doji candle. What traders should do next week

Tech View: Nifty forms Doji candle. What traders should do next week

Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle. On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 … Read more

Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Nifty on Tuesday ended 27 points higher to form a small positive candle on the daily chart while consolidating in a range between 22,400-22,600 levels. The index continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 56.38 is rising and not overbought, which is encouraging. The … Read more

Silver bullet for your investment woes! 11% returns in May outclass gold, Sensex, Bitcoin

Silver bullet for your investment woes! 11% returns in May outclass gold, Sensex, Bitcoin

In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along … Read more

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

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

Tech View: Nifty may stage minor pullback. What traders should do on Friday

Tech View: Nifty may stage minor pullback. What traders should do on Friday

Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) around the 22,150 level. The daily chart saw the formation of a long negative candle. Nifty has been in a larger range movement of … Read more

A 3-1 victory for BJP in Assembly polls set to rejuvenate Dalal Street bulls; what should investors do?

A 3-1 victory for BJP in Assembly polls set to rejuvenate Dalal Street bulls; what should investors do?

MUMBAI: A clear mandate for the Bharatiya Janata Party in three key northern states of India is all set to rejuvenate Dalal Street bulls and take markets higher when trade resumes on Monday. Following the assembly elections in Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan, and Telangana, exit polls had suggested BJP taking a lead in MP … Read more

HDFC Securities launches discount broking app HDFC SKY with flat pricing

HDFC Securities launches discount broking app HDFC SKY with flat pricing

HDFC Securities on Monday launched broking app ‘HDFC SKY‘, providing access to a wide range of investment and trading offerings, including Indian stocks, ETFs, mutual funds, futures and options, currencies among others. HDFC SKY, has introduced a one-price slab of Rs 20 for both intraday and delivery across segments, MTF at 12%, coupled with zero … Read more

Varun Lohchab’s 6 top investment ideas in IT and financials

Varun Lohchab’s 6 top investment ideas in IT and financials

Varun Lohchab, Head of Research- Institutional Equities, HDFC Securities, says “Axis Bank, ICICI Bank, Chola, LTI, Mindtree, Persistent are the top picks within banking and IT pack which still look reasonably valued and within the capex theme there are a lot of ideas as well.” Lohchab also says: “A lot of the stocks are looking … Read more

Should investors eye Titan or fastrack profit booking post Q1 earnings?

Should investors eye Titan or fastrack profit booking post Q1 earnings?

Shares of Titan Company fell 3% to the day’s low of Rs 2,886 on the NSE in Thursday’s early trade after the jewellery maker reported a 2% year-on-year (YoY) decline in the June quarter net profit on Wednesday. Tata Group‘s fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 … Read more