Dalal Street Week Ahead: Rising VIX signals hedging; traders advised tactical approach

Dalal Street Week Ahead: Rising VIX signals hedging; traders advised tactical approach

The markets traded with a clear upward bias through the previous week and ended on a strong positive note. Nifty continued to march higher while posting gains for the third consecutive week. It oscillated in a wider intra-week range of 720.95 points as it traded between 25,060.55 and 25,781.50. However, even as the headline index … Read more

Chart Check: After 20% rally in a week, this textile stock breaks out from symmetrical triangle pattern; time to buy?

Chart Check: After 20% rally in a week, this textile stock breaks out from symmetrical triangle pattern; time to buy?

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