Overstretched Nifty technical setup and precariously low VIX all raising red flags

Overstretched Nifty technical setup and precariously low VIX all raising red flags

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

Dalal Street Week Ahead: Use rallies to take money off the table, instead of buying afresh

Dalal Street Week Ahead: Use rallies to take money off the table, instead of buying afresh

Nifty’s trading range remained wider than usual during the week gone by, but it took a serious cut on Friday’s session. Despite that, the index managed to close the week on a positive note. In the previous weekly note, we had mentioned that Nifty was trading inside the Falling Channel that it had created, and … Read more

Bitcoin volatility surges amid flirtation with $12,000 threshold

Bitcoin volatility surges amid flirtation with ,000 threshold

By Amena Saad One of the most alluring aspects of Bitcoin to traders and speculators is back: Volatility. Price swings by the largest cryptocurrency have reached the highest level in about a year in the past few weeks as the digital asset trades around $12,000. Bitcoin crashed almost $500 in a matter of minutes this … Read more

Tech View: Profit booking likely if Nifty breaches 11,080

Tech View: Profit booking likely if Nifty breaches 11,080

NEW DELHI: Nifty50 shed 100 points on Thursday to settle July futures & options series at 11,102. The index has been seeing selling pressure at higher levels for a few days now. Analysts said the formation of a bearish candle on the daily scale in follow-up to an indecisive Spinning Top candle in the previous … Read more

Trade Setup: Nifty above all moving averages now; no sign of weakness

Trade Setup: Nifty above all moving averages now; no sign of weakness

In a yet another buoyant session, Nifty on Thursday had a trending day as weekly options expired, as went on the end the session with gains. The market saw a positive start and traded in a rising trajectory throughout the session. After a sharp up-move in the first half, the market spent a major part … Read more