A small negative candle was formed on the daily chart at the new swing lows of 24,341 with minor upper and lower shadows. Technically, this pattern indicates the formation of a Doji-type candle pattern (not a classical one). Normally, the formation of Doji after a reasonable upmove or downmove is considered an impending reversal pattern … Read more
A small positive candle was formed on the daily chart on Wednesday with an upper shadow. Technically, this formation indicates a type of bullish inverted hammer-type candle pattern, not a classical one. A sustainable move above the high of this pattern at 24,605 could confirm the positive pattern for the short term. The underlying trend … Read more
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
After showing a narrow range movement in the last four sessions, Nifty made a failed attempt at a decisive upside breakout of the range on Thursday and closed the day with minor gains of 38 points, after opening with an upside gap of 110 points and registering a new all-time high of 25,611. A small … Read more
The Nifty formed a small negative candle on the daily chart as consolidation movement continued in the market for the second consecutive session on Monday. The index closed the day with minor gains of 27 points. The Nifty50 index touched the 25,446 mark before closing at 25,384, up by 28 points or 0.11%. Meanwhile, the … Read more
The initial public offering (IPO) of Bajaj Housing Finance was subscribed over 3 times on the second day of bidding on Tuesday, led by strong demand from non-institutional investors (NIIs). On Day One, the issue was subscribed 2.02 times. At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue … Read more
Bajaj Housing Finance is set to launch its initial public offering (IPO) on Monday, September 9. Ahead of the public issue, the grey market premium (GMP) for the company’s shares stands at Rs 51-52, indicating a potential upside of 73% above the issue price. The price band for the IPO has been fixed at Rs … Read more
Low cost carrier SpiceJet has said that Carlyle Aviation Partners — the aircraft financing unit of global private equity giant Carlyle Group — will convert a portion of their debt into equity. The agreement allows restructuring of certain aircraft lease obligations of SpiceJet aggregating to $137.68 million which upon settlement/waivers will be adjusted to $97.51 … Read more
Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal … Read more
Nifty ended Thursday’s weekly expiry 41 points higher and formed a higher high-higher low formation for the fifth consecutive session. The daily charts saw the formation of a bearish candle as the index closed lower than its opening level. Now, Nifty has to continue to hold above the 24,700 zone to extend the move towards … Read more