“The Nifty IT sector has faced downward pressure for the past few days. However, stalwarts like TCS and HCL Tech exhibit resilience on longer-term charts, suggesting potential buying opportunities amid corrections. We remain watchful of Nifty IT’s ability to hold the 100-day moving average; sustaining above it could signal further buying interest,” says Rajesh Palviya … Read more
The Nifty50 started the week on a positive note and remained extremely volatile on either side throughout the Budget week. The Nifty closed at 21854 on the 2nd of February with a gain of 501 points on a weekly basis. On the weekly chart, the index has formed a bullish candle with an upper shadow, … Read more
The Nifty started the week on a positive note but witnessed selling at higher levels to end the week on a weak note. The Nifty50 closed at 21622 on 19th January with a loss of 272 points on a weekly basis. On the weekly chart, the index has formed a Bearish candle which engulfed its … Read more
“Until the Bank Nifty does not cross this 40000 level a major short covering is not going to happen in the system. Most of the call writers for monthly expiry are writing the position around 40000 strike,” says Rajesh Palviya, Axis Securities. What levels you will be tracking for Nifty 50. For Nifty as well … Read more
“ is now enjoying an all-time high trajectory, and the kind of momentum we have seen in today’s session clearly shows that now the stock can move higher towards 840-850 zone,” Rajesh Palviya, Head, Technical & Derivatives, Axis Securities Well, 17,000 has been scaled when it comes to the Nifty, and Bank Nifty is also … Read more
Bank Nifty futures recovered from its intraday low of 22,280 on Wednesday, spurred by buying at lower levels but 22,500 remains a strong resistance, shows weekly options data. Bank Nifty futures expiring on September 24 traded flat at 22,556 intraday. During the session, traders wrote 5 lakh more call options at the September 17 expiry … Read more