A small negative candle was formed on the Nifty daily chart with a long upper shadow. Technically, this market action signals rejection of bulls at the hurdles. Hence, this pattern could mean chances of further softness in the market. The short-term trend of Nifty is still positive, but the display of lack of strength in … Read more
A long bull candle was formed on the daily chart, which indicates that the market is on the verge of showing an upside bounce. It was observed that Nifty is in the process of forming a double bottom type pattern around 24,700 levels, which needs to be confirmed with more upside. The index closed below … Read more
“We must watch out if this level holds out, then we can see a short-term bounce in the market, but more worrying is the weakness in smallcap and midcap space,” says Aditya Arora, Adlytick.What are charts suggesting? When will this fall in markets take a halt?Aditya Arora: Look, the texture has been weak and we … Read more
After BSE has announced that it will discontinue Bankex weekly expiries, the market is rife with speculations that NSE may choose Nifty Bank over Nifty as both exchanges have to pick one expiry under new Sebi rules. Nifty Bank brings in higher volumes for the exchange, and better trading opportunities for speculators, but if Nifty … Read more
On the back of one of the major FII selloffs seen in recent times, the markets succumbed to strong corrective pressure through the week and ended the week on a very weak note. The Nifty 50 remained under selling pressure for the entire week; at no point in time, did it show any intention to … Read more
The recent milestones of the Nifty50 at 26,000 and Sensex at 85,000 were short-lived as headwinds from the Middle East and the shift of FII funds to cheaper Asian markets weighed on investor sentiment. Over the week, these benchmark indices fell by more than 4%, with a broad-based decline across sectors such as auto, banking, … Read more
The Nifty witnessed an extremely volatile day of trade on Friday, witnessing sharp swings in both directions and closed in the red, merely sustaining above the 25k mark, but dropping slightly below the 50 DEMA. The index has shed 1,310 points (-5.2%) after making a fresh high of 26,277 last week. A bear candle was … Read more
India’s headline index, the S&P BSE Sensex, fell over 1,800 points on Thursday, marking its third-biggest decline this year. However, this is not an isolated incident, as the index has fallen by 1,000 points or more on seven other occasions in 2024. Today’s decline is the third largest of 2024, with the 30-stock index hitting … Read more
“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more
After showing a sustainable up move in the last few weeks, Nifty witnessed sharp profit booking on Monday and closed the day lower by 368 points. After opening with a downside gap of 110 points, Nifty slipped into further weakness in the early to mid-part of the session. There was no significant upside recovery for … Read more