Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Tech View: Nifty forms High Wave candle. What should traders do on Saturday

Nifty on Friday ended 62 points higher to form a High Wave type of candle on the daily chart. The index recouped losses of its previous week and is now eyeing reclaiming the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels … Read more

Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Nifty on Wednesday ended 17 points lower to form a high wave type candle on the daily chart. The index largely traded sideways and failed to generate any significant directional breakout. The short-term trend of Nifty continues to be up. Further consolidation or minor dip in the market is expected before showing further upmove. A … Read more

As earning season gets over, here are 5 key triggers for Nifty this week

As earning season gets over, here are 5 key triggers for Nifty this week

NEW DELHI: Despite Friday’s profit booking, headline index Nifty managed to close on a positive note for the fifth week in a row by registering a weekly gain of 0.34 per cent. As the peak of the earnings season is now over, the attention now shifts to macro events, FII flows and the movement in … Read more

MFs selling spree continues; withdraw Rs 30,760-cr from equities in Nov

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NEW DELHI: Continuing their selling spree for the sixth straight month, mutual funds pulled out Rs 30,760 crore from equities in November on profit booking and experts believe the outflow trend will continue unless there is correction in markets. With this, net withdrawal by mutual funds (MFs) has reached to over Rs 28,000 crore in … Read more

Mazagon Dock IPO details: Mazagon Dock IPO opens: All you need to know before bidding

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NEW DELHI: The Rs 444 crore initial public offering (IPO) of Mazagon Dock Shipbuilders, the first government-owned company to float a primary market issue in 2020, opened for bidding on Tuesday. The issue is open for subscription till Thursday. The company has a virtual monopoly on building destroyers, frigates and submarines for Indian Navy and … Read more

Rossari Biotech IPO: Things you must know about specialty chemical company

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NEW DELHI: The IPO market is set to see its first mainboard IPO of financial year 2019-20 with Rossari Biotech hitting the market with its Rs 500 crore IPO on Monday. Rossari IPO was caught in Covid blues at first attempt. It was to launch its IPO on March 18, but cancelled its IPO press … Read more