Tech View: Nifty RSI gives bearish crossover. What should traders do on Thursday?

Tech View: Nifty RSI gives bearish crossover. What should traders do on Thursday?

Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts which indicates chances of a minor pullback rally. Minor degree positive chart patterns like higher tops and bottoms have been negated recently as per the daily chart. Hence, any upside bounce from here is expected to be a lower … Read more

Rekha Jhunjhunwala-backed Baazar Style Retail files IPO papers with Sebi

Rekha Jhunjhunwala-backed Baazar Style Retail files IPO papers with Sebi

Kolkata-based Baazar Style Retail, which is backed by ace investor Rekha Rakesh Jhunjhunwala, has filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The issue is a combination of a fresh equity sale worth Rs 185 crore and an (OFS) of 1.68 crore shares by promoters and … Read more

JM Financial Fund, Elham invest in GMR Sports’ bond issue

JM Financial Fund, Elham invest in GMR Sports’ bond issue

Mumbai: Closely held GMR Sports Venture, which partly owns Delhi Capitals cricket team, raised ₹1,000 crore three-year unlisted, unrated, secured bonds at 16% last week from JM Financial fund and Elham Credit Partners, a private credit fund owned by Hillhouse Investment, said people with knowledge of the matter. JSW GMR Cricket, a 50:50 JV between … Read more

Tech View: Nifty forms a Doji candle. What should traders do on Wednesday

Tech View: Nifty forms a Doji candle. What should traders do on Wednesday

Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement. Conversely, the immediate support is positioned at 22,200-22,150, and sustaining above this level could witness … Read more

Tech View: Nifty call writers increase positions at 22,500 strike. What should traders do next week

Tech View: Nifty call writers increase positions at 22,500 strike. What should traders do next week

Nifty on Thursday ended 19.5 points higher to form a Doji candle on the daily chart as it stayed below the psychological 22,500 mark, with call writers at the 22,500 strikes significantly increasing their positions. In the case of a dip towards, 22,390 – 22,340 it should be used as a buying opportunity as key … Read more

Big movers on D-Street: What should investors do with JM Financial, Samvardhana Motherson and L&T Finance?

Big movers on D-Street: What should investors do with JM Financial, Samvardhana Motherson and L&T Finance?

Benchmark indices settled at fresh record high levels in a volatile trade on Wednesday. The 30-share Sensex jumped 408 points to settle at a new record high of 74,085 and the broader Nifty climbed 117 points to close at a lifetime high of 22,474. Stocks that were in focus included names like JM Financial, which … Read more

Tech View: Nifty forms Marubozu candle on Day 1 of March series. What should traders do on Saturday

Tech View: Nifty forms Marubozu candle on Day 1 of March series. What should traders do on Saturday

Nifty on Friday ended the first trading session of the March series 366 points higher above the 22,300 mark and at fresh record highs. The index formed a bullish Marubozu candle on the charts. “The index broke out of a two-month consolidation zone and such volatility contraction is usually followed by a strong rally. The … Read more

A pre-election rally or correction: What’s Dalal Street bracing for this time?

A pre-election rally or correction: What’s Dalal Street bracing for this time?

In India, general elections hold high significance for Dalal Street investors as early trends, opinion polls, and exit polls ahead of the final outcome provide cues on which party is likely to win the game. This time around, the election has gained prominence in light of India’s rising importance in geopolitics, its leading position in … Read more

Rashi Peripherals sees a positive listing on the bourses. Should you hold or exit?

Rashi Peripherals sees a positive listing on the bourses. Should you hold or exit?

Madhu Kela-backed Rashi Peripherals listed with a 9% premium on the exchanges on Wednesday, which was largely in line with expectations. The IPO received an overwhelming subscription of 63 times at close. Despite a premium listing, the muted opening was due to the highly competitive market environment in which the company is operating and also … Read more