The domestic benchmark index, Nifty, opened flat, maintained buying interest, and settled the day on a positive note at 23,250. The volatility index, India VIX, dropped by 6.70% to 17.39, indicating a cool-off in market volatility. Technically, Nifty formed a green candle on the daily chart, indicating strength, with immediate resistance near 23,340, where the … Read more
Nifty ended Tuesday’s session 21 points higher to form a Doji candle as 25,000 emerged as a strong hurdle. The short-term trend of Nifty continues to be choppy, but the near-term uptrend status remains intact. The overall chart pattern is signaling some more consolidation or minor dip in the next 1-2 sessions before bouncing back … Read more
Equity indices are formed by a fixed number of constituent stocks to reflect investor sentiment in the economy. An index can also be sector-specific – Nifty Bank, Nifty Metal, Nifty FMCG etc. which reflect investor sentiment in a particular industry. Now, futures are derivative contracts that obligate the parties to transact an asset at a … Read more