Sensex, Nifty open flat in early trade; TCS, Adani Ports gain

Sensex, Nifty open flat in early trade; TCS, Adani Ports gain

Benchmark stock market indices traded flat after opening higher on Monday due to cautious sentiments among Dalal Street investors. The S&P BSE Sensex was up 51.82 points at 75,462.21 at 10:19 am, while the NSE Nifty50 fell 5.30 points to trade at 22,951.80. Most of the broader market indices were also trading in negative territory … Read more

Consolidation breakout can take Nifty to 23,400: Analysts

Consolidation breakout can take Nifty to 23,400: Analysts

The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more

Factor ETFs: Why you should invest for long-term returns

Factor ETFs: Why you should invest for long-term returns

While investing, everyone who adheres to a clearly defined rule-based strategy stands a chance to make money. If the rules have stood the test of time, the odds of winning are even higher. Factor-based or smart beta exchange traded funds (ETF) adopt this rule-based approach of portfolio construction. They can be an interesting portfolio candidate … Read more

Tech View: Nifty forms Doji candle. What traders should do next week

Tech View: Nifty forms Doji candle. What traders should do next week

Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle. On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 … Read more

Raging bulls of India: D-Street dances to RBI record

Raging bulls of India: D-Street dances to RBI record

Mumbai: India‘s benchmark indices soared to fresh all-time highs on Thursday as the Reserve Bank of India‘s larger-than-expected dividend payment to the government prompted traders to cover some of their bearish bets. Receding uncertainty over the BJP’s performance in the general elections also bolstered sentiment, with the NSE Nifty ending a whisker away from 23,000. … Read more

Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday

Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday

Nifty ended the Thursday weekly expiry stronger by 370 points at record high levels to form a long bull candle on the daily chart. On the higher end, above 23,000, the index might move towards 23,500 in the short term. On the lower end, support is placed at 22,800; the strength could remain intact as … Read more

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

Markets peak on optimism, not on relative pessimism: Deepak Shenoy

“I think while the markets are going up, the mood seems to be less elevated across the globe. So, I still think there is some place to go. Just speaking, of course, as a portfolio manager you have to be long and therefore very optimistic, so a little bit of biased stance. But I do … Read more

Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday

Nifty on Tuesday ended 27 points higher to form a small positive candle on the daily chart while consolidating in a range between 22,400-22,600 levels. The index continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 56.38 is rising and not overbought, which is encouraging. The … Read more

Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now eyeing reclaiming the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels … Read more

Short covering-led rally in last leg turns D-Street green on a dull day

Short covering-led rally in last leg turns D-Street green on a dull day

Mumbai: India’s benchmark indices ended nearly 1% higher on Thursday, in a late surge, driven by short covering ahead of the expiry of Nifty‘s weekly futures and options contracts. NSE’s Nifty rose 203.3 points or 0.92% to close at 22,403.85. BSE’s Sensex rose 676.69 points or 0.93% to end at 73,663.72. Both indices fell as … Read more