NEW DELHI: There was no relief for Nifty50, which fell for the fifth straight session on Thursday. The index formed a bearish candle on the daily scale and continued with its lower high-low formation. Even as the index is in oversold territory, as suggested by the 14-day RSI reading of 27, analysts said the trend … Read more
Nifty had piled up over 1,100-points in the two weeks before this one. There were clear signs of some impending consolidation at that point in time. In line with that analysis carried out, the index spent the past five sessions in a much narrower range as it tried to consolidate at present levels. It oscillated … Read more
35,000 is a support for the Bank Nifty, and possibly next week we could see the Bank Nifty heading towards at least 36000-36500 on the index, said Kunal Bothra, kunalbothra.co.in. Edited excerpts: For most part of the week we were hovering in the green territory. It was only over the last couple of trading sessions … Read more
The previous five trading days largely saw markets advancing and extending their technical pullbacks on the anticipated lines except for some intermittent consolidation. The high Put OI at 17,000 stayed constant and this lent support to the markets all through the previous week. Markets defended and moved past some key levels on the daily charts … Read more
Banking stocks are likely to see a revision in weightage in the Bank Nifty after an index rebalancing exercise by NSE scheduled on Friday. HDFC Bank, IndusInd Bank and AU Small Finance Bank are likely to see the highest fund inflows on account of the increase in weightage, said IIFL Alternative Research and Edelweiss Alternative … Read more
While trading in a narrower range, Nifty continued its bounce and ended on a positive note for the fourth consecutive week. The index went on to mark its incremental fresh lifetime high, as it continued to trend higher on reduced and decelerating momentum. The trading range remained narrow of 268 points against 359 points in … Read more
In a week where the trading range stayed narrower than the previous week, Indian equities saw a corrective decline. This was also a truncated week with just four trading sessions, and saw the headline index oscillate in a 375-point range. While the trading range remained narrow, intraday volatility and ranged oscillations remained high. Nifty remained … Read more
By Chandan Taparia Nifty opened positive on Monday, but failed to hold above the 11,700 mark in morning tick, and remained highly volatile. In the first hour of the session, Nifty took support near the 11,550 mark, the 50 DMA, and then witnessed a decent recovery towards the 11,725 mark in the later part of … Read more
Bank Nifty futures recovered from its intraday low of 22,280 on Wednesday, spurred by buying at lower levels but 22,500 remains a strong resistance, shows weekly options data. Bank Nifty futures expiring on September 24 traded flat at 22,556 intraday. During the session, traders wrote 5 lakh more call options at the September 17 expiry … Read more