The Nifty 50’s dream to hit the 20000-mark milestone was shattered as bears took charge of its heartbeat – banks. The Nifty Bank clocked 3% gains in the July derivative series, but the selling in the recent sessions and the positioning in the derivatives segment indicates some pain in the near term. On Friday, Nifty … Read more
Mumbai: Gujarat-based listed public sector undertakings (PSUs) were among the top performers on the bourses on Wednesday after the state government announced a policy defining a minimum threshold of dividend distribution and allotting bonus shares for all the companies it owns. Shares of Gujarat State Fertilizers & Chemicals surged 20% and closed at a seven-month … Read more
Headline index Nifty on Thursday formed a reasonable positive candle with a long lower shadow on the daily charts. Technically, this pattern indicates an uptrend continuation with rangebound action, analysts said. Nifty is now gradually advancing towards the crucial overhead resistance of 17,863 levels, which is not only the swing high of April 17 but … Read more
Headline index Nifty on Tuesday formed a small Doji candlestick formation, indicating indecisiveness between bulls and bears. Now, it needs to hold above 17717 zones to witness an up move towards 17850 and 17950 zones, while on the downside supports are placed at 17620 and 17550 marks, said Chandan Taparia of Motilal Oswal. India VIX … Read more
Indicating support-based buying, Nifty today formed a small positive candle with a long lower shadow on the daily charts. Now it needs to hold above 17717 zones to witness an up move towards 17777 and 17850 zones, while on the downside, supports are placed at 17620 and 17550 marks, said Chandan Taparia of Motilal Oswal. … Read more
“The expiry week is likely to be volatile and the Monday trend will give a clear confirmation of where the market is likely to move. The range is 17500-17800 and a break on either side will have a decisive move,” says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. In an interview with … Read more
Nifty on Monday formed a long red candle with a lower shadow on the daily scale. Chartists said this could be considered a short-term reversal on the downside for the market. Nifty has to hold above 17,717 zones to extend the move towards 17,850 and 18,000 zones, while on the downside, supports are placed at … Read more
Nifty today formed a small-bodied bearish candle with a long lower shadow, indicating that declines are being bought. Now, it has to hold above 17,350 zones to extend the move towards 17,500, then 17,600 zones, while on the downside supports shift higher at 17,300 then 17,171 marks, said Chandan Taparia of Motilal Oswal. India VIX … Read more
While forming a strong bullish candle on the daily chart, Nifty today formed a morning star pattern, which is a bullish reversal sign, on the weekly scale. Now it has to hold above 17,250 zone to extend the momentum towards 17,442 then 17,550 zone while on the downside supports shift higher at 17250 then 17171 … Read more
India VIX was up by 1.35% from 15.24 to 15.44 levels. Volatility has been on the rise overall giving swings to the market. On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 … Read more