Benchmark indices Sensex and Nifty extended their losing streak for the sixth straight session and settled sharply lower on Monday dragged down by heavy selling in bellwether stocks amid mixed global trends. Stocks that were in focus include names like Macrotech Developers, which gained 1.3%, Naukri, which declined 2.4%, and Titan, whose shares were down … Read more
Indian market failed to hold on to the momentum and closed marginally in the red on Friday. The S&P BSE Sensex managed to hold on to 73000 while the Nifty50 closed below 22,200 levels. Sectorally, buying was seen in telecom, capital goods, realty, consumer durables and industrials while some selling was seen in oil & … Read more
For traders eyeing positions in MCX Gold and Silver contracts, mastering key technical indicators is crucial for making informed decisions in the dynamic precious metals market. This exploration centers on the effective use of Moving Averages, particularly the Exponential Moving Averages (EMAs) 8 and 21, for identifying trends, potential reversal points, and implementing risk management … Read more
The Indian market bounced back on Friday after falling nearly 1% in the previous trading session. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19600 levels. Sectorally, buying was seen in metal, healthcare, public sector, and oil & gas stocks while selling was seen in IT stocks. Stocks that … Read more
Jindal Worldwide, the textile product maker, rose more than 20% in a week which helped the stock to breakout from a symmetrical triangle formation on the weekly charts. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 475 in the next 3-4 weeks, suggest experts. The … Read more
Shares of foodtech firm Zomato would be in focus on Monday following narrowing of its loss in March quarter. Sumeet Bagadia, Executive Director, Choice Broking, says the stock has shown support around Rs 58-55 while resistance is around Rs 75-80. “Short-term prospects in this stock might be appealing to risk-taking investors,” Bagadia says. Edited excerpts:Nifty … Read more
In part 1, we shared the tale of Tara, a fashion enthusiast who was intrigued by the idea of trend following for trading. With the guidance of her friend and Technical Analyst, Dev, Tara was ready to explore this exciting new world. Read Also: Understanding price trends – key to successful technical analysis Nevertheless, Tara … Read more
For those who are new to this subject, technical indicators are based on mathematical calculations and are broadly divided into two categories: overlays and oscillators. Overlays – Indicators which are plotted along with the price scale and top of the chart. Oscillators-Indicators that typically have a high & low band ranging values and are mostly … Read more
In a strong move that the market saw on Friday, Nifty made a fierce attempt to move past the 200-DMA after having faced a hurdle in it over the past several days. The index opened on a positive note, but traded with capped gains for most part of the session. However, the second half of … Read more