Following a strong consolidation in the week before this one, the markets finally staged a decisive rally over the past four sessions of the truncated week. The benchmark index Nifty50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed to end at a fresh all-time … Read more
Over the past couple of weeks, it has been categorically mentioned that as long as the Nifty stays below the 18300 levels, it is likely to continue to consolidate in the present range. The index has created a very well-defined trading range for itself at the moment and continues to stay within the defined boundaries. … Read more
The Finbridge traders’ conference later this month will see eminent traders and chartists throw light on the tools that can be used to identify multibaggers in equities, and in trading in options in one the easiest and convenient ways. Finbridge Expo is India’s leading exhibition and conference, catering specifically to the financial services and technology … Read more
The Indian equity markets managed to recover half of what they had lost in the earlier week. Over the past five days, the markets traded largely positive and went on to test the previous support levels that they had violated on their way down. The trading remained just as wide; Nifty oscillated 558.15 points before … Read more
New Delhi: Nifty50 on Monday snapped a six-day losing streak and formed an indecisive candle on the daily chart. The advance-decline ratio for the broader market remained skewed in favour of the bears, but analysts said certain technical parameters on Nifty50 are hinting at recovery ahead. Certain positive factors cropped up on the lower time … Read more
Nifty50 fell for the fifth straight day on Thursday and formed a long bearish candle on the daily chart that engulfed the previous session’s candle. During the day, the 50-pack index could not hold its key support levels as it entered the oversold territory, as suggested by the 14-day relative strength index. While the trend … Read more
Market Outlook for Monday, October 25, 2021 The Indian equity markets continued to correct for the fourth day in a row as it ended yet another day on a negative note. The Nifty opened on a positive note. It inched higher and marked its high point of the day in the first hour of the … Read more
The weekly options expiry dominated the session on Thursday as the index stayed much within a defined range on expected lines. Apart from that, the Indian markets ended on a disappointing note as it failed its attempt to break out from the falling channel as it slipped inside it again. The Nifty opened on a … Read more
The domestic equity market ended with gains for the fourth week in a row, as Nifty extended its up-move. However, unlike the previous week, the trading range narrowed considerably, and the momentum appeared to be losing its strength as well. Compared with a 400-point trading range seen in the week before, Nifty this time oscillated … Read more