The previous week was short; the Indian markets traded for four days owing to one trading holiday on account of Ramadam Id. However, while staying largely bearish, the markets weathered the storm inflicted by the US announcing reciprocal tariffs on almost everyone and kicking off a serious trade war. The equity markets across the world … Read more
The stock market’s focus has now shifted to FY26 earnings, which are expected to grow by 12-13%, following a 5-6% earnings downgrade over the past six months, says Srinivas Rao Ravuri, Chief Investment Officer, Bajaj Allianz Life Insurance. While a 12-13% earnings growth rate may not seem particularly strong at first glance, we believe it … Read more
Technically, Nifty formed a green candle on the daily scale on Wednesday, indicating strength. Additionally, the Smallcap 100 index has rebounded from its previous support, forming a bullish engulfing pattern, while the Midcap 100 index has surpassed the previously formed hammer candles high, further reinforcing positive sentiment. In light of the broader market strength, a … Read more
The Nifty index opened flat, and witnessed selling pressure in the first half, but saw a sharp recovery in the second half, ultimately settling marginally lower at 22,945. The volatility index, India VIX, cooled off from 16.32 levels, declining 0.36% to 15.67. Technically, on a daily scale, Nifty has formed a Hammer candlestick pattern near … Read more
The Nifty index opened on a negative note on Wednesday, faced heavy selling pressure in the first half, but later witnessed recovery and finally settled on a flat to negative note at 23,045. The volatility index, India VIX, cooled off from 15.62 levels but still settled slightly higher by 0.16% at 14.90. Technically speaking, Nifty … Read more
Tube Investments of India is exhibiting a strong bearish trend, characterized by lower highs and lower lows. Bearish candles have formed over the past three sessions, indicating persistent selling pressure. The MACD remains negative, signaling weak momentum, while the RSI near 32 suggests oversold conditions without signs of recovery. The stock’s decline below key EMAs … Read more
The Nifty remained mostly sideways during Wednesday’s session before closing slightly lower. On the lower end, the fall was limited to around 23,700, while the upside was capped at approximately 23,800. However, in the short term, the trend continues to favour the bulls as the index remains above the critical moving average, supporting a bullish … Read more
Nifty formed a Doji candle on the daily chart on Tuesday with a shadow equal on both sides after the gap up, indicating indecisiveness in the index. The index was sold off from its high by more than 0.5%. Also, at the day’s high, India VIX was stable, indicating a possible reversal from the current … Read more
A reasonable negative candle was formed on Nifty’s daily chart on Monday with a minor upper shadow. Technically, this pattern indicates an attempt at a downside breakout of immediate supports of around 23,000 levels, which may not be a good sign and indicates more weakness in the near term. The negative chart pattern like lower … Read more
The domestic benchmark index Nifty opened on a marginally negative note on Friday, witnessed buying interest in the first half but the later half witnessed heavy profit booking and settled the day on a negative note at 23,092. Technically, the Nifty on a daily scale has formed a red candle indicating weakness on Friday. However, … Read more