“It is anticipated that the bulls will regain control once the Nifty index breaks above the 18600 level on a closing basis,” says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. In an interview with ETMarkets, Shah said: “This breakthrough is considered significant as it would confirm the establishment of a new all-time … Read more
Strategy Positions: Short Nifty 14 July 2022 16200 Call at 140 & short 14 July 2022 16200 Put at 123 (Total premium = 263); Target: 10; Stop loss: 460 (1 Lot Each) Rationale The Nifty recovered another 3% last week with broader market participation ahead of the quarterly earnings season. As expected, Nifty did not … Read more
In a week where the trading range remained much wider on expected lines, the Indian equity market remained predominantly under pressure. For the four out of five days, Nifty sustained corrective pressure as it ended each of these days on a “measured” corrective note. Nifty saw itself in an 865-point trading range during which it … Read more
NEW DELHI: Nifty50 on Thursday climbed for the second straight day, breaching the recent swing high of 17,324 and also the resistance of 17,350. The index reclaimed the 17,400 mark on a closing basis and formed a bullish candle on the daily chart. Analysts believe the ongoing recovery can extend to the level of 17,600. … Read more