Agencies Despite the volatile moves during the past four sessions in the short week, it was the second week in a row that ended on a very flat note. The trading range remained slightly wider as compared to the previous week. Against the 274.55 points range in the week before this one, the index oscillated … Read more
In line with what was anticipated in the previous weekly technical note, the Indian equity markets witnessed profit-taking bouts from higher levels along with spikes in the volatility that is hovering around one of its lowest levels of recent months. ET CONTRIBUTORS It was also expected that the current uptrend might stand disrupted and the … Read more
Low levels of VIX makes the market vulnerable to violent profit-taking bouts at higher levels. And precisely on those lines, the Indian equities saw corrective bouts through the week, with VIX spiking higher on such occasions. The trading range expanded on anticipated lines as Nifty oscillated in a 499-point range over the past five sessions. … Read more
ET CONTRIBUTORS In the truncated week that went by, the Nifty traded much on the analyzed lines. Despite staying volatile, it largely remained buoyant while it extended its move on the upside. In the previous week’s technical note, there was a categorical mention of the possibility of the NIFTY Bank Index (Banknifty) playing a catch-up … Read more
Despite the scale of volatility represented by gaps over the previous days, the Nifty has, by and large, maintained its crucial support levels on the weekly charts. The previous technical note mentioned how the Index has created and maintained its crucial support; it managed to keep its head above these important levels over the previous … Read more
Defending the prior week’s low, Nifty rebounded, however, ahead of February month’s derivative expiry, the index faced stiff resistance near 17,200 levels. Post gap-up start, Nifty soon closed the upward gap and traded beneath 17,200 throughout the session. Eventually Nifty formed an ‘in neck’ candle pattern (i.e. opened above prior session’s high but closed below … Read more
NEW DELHI: Domestic benchmark indices ended lower in a choppy session on Friday, as investors awaited directional cues post this week’s Budget. Most Asian markets were shut on account of public holidays, rendering domestic investors directionless in the morning trade. European markets opened higher but turned mixed. S&P500 futures, however, were hinting at a strong … Read more
NEW DELHI: Benchmark indices jumped in Monday’s trade, tracking Friday’s rally on Wall Street, even as fear gauge India VIX spiked ahead of Economic Survey later in the day and Union Budget 2022 tomorrow. IT and select financials led the gainers. At 10:23 am, the BSE Sensex was trading 847 points or 1.48 per cent, … Read more
NEW DELHI: Selling intensified in the last couple of hours on Dalal Street, wiping off morning gains on Friday, ending another week with cuts. Headline indices have closed in the red for the seventh instance in the last eight sessions. Even as there was weakness in largecap stocks, buying was seen in broader markets. IT … Read more
US headline inflation surging to its highest since 1982, to 6.8%, in November 2021 has been an eye-opener. The post-pandemic world has notably changed. When Covid-19 broke out rapidly throughout the world in the initial phases of the pandemic, countries imposed stringent lockdowns to manage the burden on their healthcare infrastructure. While this led to … Read more