Tech view: Nifty breaches 20 DEMA, strong resistance near 24,360. How to trade tomorrow

Tech view: Nifty breaches 20 DEMA, strong resistance near 24,360. How to trade tomorrow

A long bear candle was formed on the Nifty 50’s daily chart, as the index breached its 20 DEMA in today’s session, which indicates a downside breakout of the range movement of the last few sessions. The huge opening upside gap of 25th November has been filled and the Nifty closed around the gap support … Read more

Tech view: Nifty likely to trade within 24,000–24,500 range, forms doji candle. How to trade tomorrow

Tech view: Nifty likely to trade within 24,000–24,500 range, forms doji candle. How to trade tomorrow

The Nifty opened a gap and remained above the 24,100 level throughout the entire trading session. However, marginal profit booking was witnessed during the second half of the trading session. The markets witnessed a smart rally where the bulls were in control of the markets, taking the prices higher. The candlestick pattern formed on the … Read more

Tech View: Nifty forms Piercing Line candle on daily chart. How to trade on Wednesday

Tech View: Nifty forms Piercing Line candle on daily chart. How to trade on Wednesday

Nifty ended Tuesday’s session 218 points higher to form a Piercing Line candle on the daily chart around its 150-day exponential moving average (DEMA) support to indicate strength. The underlying short-term trend of Nifty is on the verge of reversal. A decisive move above 24,500 levels could open fresh upmove in the market. Any weakness … Read more

Tech view: Sustenance of upmove in Nifty crucial for buying interest, resistance at 24,567. How to trade tomorrow

Tech view: Sustenance of upmove in Nifty crucial for buying interest, resistance at 24,567. How to trade tomorrow

The Nifty remained volatile during the day before closing with a meaningful gain after several days. On the downside, it sustained above the previous day’s low, indicating strength in buying. Nifty formed a high wave type candle on October 28 after a fall hinting at the start of an upward correction. Nifty could now rise … Read more

Is Sebi’s new asset class a game-changer for Indian investors?

Is Sebi’s new asset class a game-changer for Indian investors?

If you’ve been investing in India for a while, you’re probably familiar with the most common choices: mutual funds, fixed deposits, or if you have a lot more money, Portfolio Management Services (PMS). But what if you’re stuck somewhere in between—wanting more sophisticated options than mutual funds but not quite ready to jump into the … Read more

Tech view: Bears in control of market, Nifty forms inside day candle. How to trade tomorrow

Tech view: Bears in control of market, Nifty forms inside day candle. How to trade tomorrow

The Nifty formed an inside day pattern on its daily chart, which is formed when the price trades within the high and low range of the previous day. Hence one needs to wait and watch, till the high (25,134) or low (24,979) of today’s daily candle is taken out for further direction on Nifty. At … Read more

Tech view: Nifty breaks crucial support, may slide to 24,500 level. How to trade tomorrow

Tech view: Nifty breaks crucial support, may slide to 24,500 level. How to trade tomorrow

A long bear candle was formed on Nifty’s daily chart, which indicates a continuation of steep downside momentum. The positive chart pattern like higher tops and bottoms on the daily chart seems to have been negated by Nifty moving below the last higher bottom of 24,753 levels in today’s session. The underlying trend of Nifty … Read more

Tech view: Nifty nearly at 26k mark, forms bull candle. How to trade on Tuesday

Tech view: Nifty nearly at 26k mark, forms bull candle. How to trade on Tuesday

The Nifty formed a bull candle on the daily chart as the market continued its upside journey on Monday and closed the day higher by 148 points. After opening with an upside gap of 80 points, the market continued to surge up amidst range movement for the better part of the session. New all-time high … Read more

3 Adani Group stocks eligible for inclusion after Sebi’s F&O entry, exit norms’ revision

3 Adani Group stocks eligible for inclusion after Sebi’s F&O entry, exit norms’ revision

Three Adani Group stocks viz. Adani Green Energy, Adani Energy Solutions and Adani Total Gas are eligible for inclusion in the derivatives segment as per the new criteria for the entry into the futures & options (F&O). Securities and Exchange Board of India (Sebi) on Friday tweaked the entry and exit criteria for stocks via … Read more

Gold ticks lower as dollar, yields firm after inflation report

Gold ticks lower as dollar, yields firm after inflation report

Gold softened on Friday as the dollar and Treasury yields firmed after U.S. inflation data matched expectations, but the bullion is set for weekly and monthly gains as a September interest rate cut by the U.S. Federal Reserve remains in play. Spot gold was down 0.2% at $2,515.99 per ounce, as of 9:52 a.m. ET … Read more