“Not factoring in any international events that are very disruptive, the indices are seen to move up higher next week,” says Vinit Bolinjkar, Ventura Securities. Does it feel that the market is out of the slumber for sure and now we are headed for 18,000 or higher levels? There are a couple of things which … Read more
“India is now the largest growing economy as projected by the various world economic organizations. So for a largest growing economy , the markets will be expensive. But that is the kind of correction, that time correction that you get in these kinds of markets. So that is where we are in terms of the … Read more
After declining over 10% in the last trading session amid fear related to the Fed rate hike and rising covid cases in China, PSU bank stocks rebounded, gaining up to 13% in Monday’s intraday trade. Shares of () were the top gainers in today’s trade as the stock surged 13% to Rs 29.75 apiece. Meanwhile, … Read more
In the previous technical note, it was categorically mentioned that it would be crucial to see if Nifty can keep its head above 18600 levels to extend and confirm the breakout that it has attempted. This being said, despite a strong relative outperformance from the Nifty Bank Index, the Nifty has delayed its breakout as … Read more
After spending nearly 10 weeks below the falling trend line pattern resistance and taking support at important levels, the Nifty has finally attempted to break above this significant resistance pattern. In the short trading week interrupted by a holiday, the market continued inching higher while keeping their head above the crucial supports. The volumes through … Read more
In the previous weekly technical note, it was categorically mentioned that the markets have created a defined trading zone for themselves. This trading zone had the 50-Week MA as its lower support area; the upper resistance existed near the 17600-17700 area. After a flat ending in the week before this one, the past five sessions … Read more
The Indian equity markets managed to recover half of what they had lost in the earlier week. Over the past five days, the markets traded largely positive and went on to test the previous support levels that they had violated on their way down. The trading remained just as wide; Nifty oscillated 558.15 points before … Read more
Nifty50 has continued to struggle to keep its head above key levels, precisely on the expected lines, as it closed the week on a flat note with a negative bias. The trading in the entire week was shaky, with Nifty50 either opening with either a gap up or with a gap down on almost all … Read more
While trading in a narrower range, Nifty continued its bounce and ended on a positive note for the fourth consecutive week. The index went on to mark its incremental fresh lifetime high, as it continued to trend higher on reduced and decelerating momentum. The trading range remained narrow of 268 points against 359 points in … Read more
Marking the sixth consecutive week of gains, Indian equities continued to bounce and extended the gains this past week. It was a measured move for the market, which went on to close at a fresh lifetime high once again. The trading range over the past five days was narrower than the week before this one. … Read more