The Nifty index experienced a strong comeback of bullish momentum during the March series, which was much needed after consistent selling over the past five series. After dipping to the 21,950 level in the first week, the index saw a steady upward movement, recovering 1,900 points to cross the 23,850 mark. This was further confirmed … Read more
Domestic indices have been undergoing a free fall for the past few sessions consecutively. The Indian equity market saw another day of losses, with the Nifty index logging its longest losing streak on record, falling for the tenth consecutive session. The Nifty ended down by 37 points, closing at 22,083, while the Sensex slipped by … Read more
Retailer and hypermarket operator Trent and state-owned Bharat Electronics are likely to replace LTI Mindtree and Divi’s Laboratories in the forthcoming rejig in the Nifty index, according to an estimate by Nuvama Alternative & Quantitative Research. The possible changes would lead to an inflow of $429 million or Rs 3,500 crore into Trent and $ … Read more
Headline index Nifty on Monday formed a bullish candle on the daily charts and ended above the 18,250 mark before making a higher top and higher bottom. Now it has to continue to hold above 18181 zones to witness an up move towards 18350 and 18500 zones, while on the downside supports are placed at … Read more
Signalling upside continuation pattern, the headline index Nifty on Monday formed a long bullish candlestick pattern on the daily charts. “Now, it has to hold above 18500 zones, for an up move towards 18650 then 18881 zones whereas supports are placed at 18350 and 18250 zones,” said Chandan of . Analysts said there is no … Read more