Nifty may be nearing the end of its correction, with strong support around 25,200–25,300, said analysts. A move above 25,550–25,660 could revive the uptrend towards 25,800–26,000, while a break below 25,000–25,300 may extend the decline. NAGARAJ SHETTI SENIOR TECHNICAL RESEARCH ANALYST, HDFC SECURITIES Where is Nifty Headed? A bull candle with a long lower shadow … Read more
Markets witnessed a volatile trading session on Tuesday as the Nifty slipped over 200 points from the day’s high of 26,041, indicating a phase of consolidation. Technical analyst Vinay Rajani in an interview to ET Now shared his perspective on the index movement and sectoral trends, emphasizing a cautious trading approach in the near term. … Read more
Anand James, Chief Market Strategist at Geojit Investments, believes Nifty’s recent pause is a temporary breather, with bulls likely to regroup as long as the index holds above 24,850. He sees scope for a rebound towards 25,200, though warns that a slip below 24,740 could open the door to deeper downside. Edited excerpts from a … Read more
“Till we are above 25,000 on Nifty, this market is a buy on every dip. I will completely change my stand once we close below 25,000 or else use every dips to 25,200 as a buying opportunity in Nifty and sector specific, stock specific, you have lot of opportunity even in this consolidating market,” says … Read more
A small red candle was formed on the daily chart of Nifty on Wednesday, with minor upper and lower shadows. This market action usually signals a choppy movement in the market with a positive bias. The negative chart pattern like lower tops and bottoms is intact and the present pullback could be in line with … Read more
Indian benchmark indices ended in red for the second session in a row dragged by FMCG and auto stocks. While the S&P BSE Sensex settled at 81,508.46, down by 200.66 or 0.25%, the broader Nifty50 closed at 24,619, lower by 58.80 or 0.24%. Commenting on the day’s action, Dr. Praveen Dwarakanath, Vice President of Hedged.in, … Read more