Nifty formed a small negative candle on the daily chart with minor upper and lower shadow to indicate continuation of narrow range movement in the market. The weekly scale saw the formation of a high wave type candle pattern. The underlying trend of Nifty remains choppy. Having placed near the crucial supports around 24500 levels, … Read more
“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points intraday cannot be ruled out,” says Chandan Taparia, Motilal Oswal.What is the positioning right now? From last hour of trade yesterday, which saw panic, we … Read more
The Indian market is expected to consolidate on Friday tracking weak global cues. The S&P BSE Sensex and Nifty50 closed marginally lower in the previous trading session. India VIX was down by 3.30% from 10.98 to 10.61 levels on Thursday. Volatility cooled off and paved the way for the bulls to strengthen in the market. … Read more
By Michael P. Regan The sun was just rising over New York on Nov. 9 when an announcement from Pfizer Inc. set in motion what would be one of this year’s heaviest days of volume in the US stock market — and one of the most shocking sessions in recent memory for the quants who … Read more
NEW YORK: Has Wall Street missed the news that we are in a pandemic? The US economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill – yet the US stock market just hit a new record intraday high. While it may seem like investors have failed to factor in … Read more
This year you may actually end up underestimating the earnings and this quarter till now has demonstrated just that, says CIO, ValueQuest Investment Advisors. How do you think this market will manage to climb the wall of worry?As long as the worries persist I guess. The way I think about this market is that the … Read more
By Conrad de Aenlle Consider this opportunity: You can invest in a stock market that is greatly overvalued now but that could be only slightly overvalued next year if a lot of good things happen — during a time when a lot of bad things are happening. Are you in? This isn’t a thought experiment. … Read more