Indian market is expected to open higher on Thursday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed above 19400 levels in the previous trading session. India VIX was down by 0.17% from 11.75 to 11.73 levels on Wednesday. Volatility cooled off during the day and comforted … Read more
After ending about 100 points lower at 19,365, Nifty on Thursday formed an Inside Bar candle on the daily chart. Now, till it holds below 19,420 zones some more profit-booking could be seen towards 19,300, then 19,250 zones, whereas resistance exists at 19,480 then 19,560 zones, said Chandan Taparia of Motilal Oswal. The negative chart … Read more
Nifty on Monday ended flat, but formed a bullish hammer pattern with a longer lower shadow on the daily chart where it took support at its 50-EMA. As the RSI on the daily chart demonstrated a bearish crossover, with its value dropping below 50, it could be signs of a weakening trend. Now it has … Read more
The Indian market is expected to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell over 300 points while the Nifty50 closed below 19,500 levels on Friday. India VIX was up 1.07% from 11.40 to 11.52 levels in the previous trading session. Volatility inched higher and caused some discomfort to the bulls. … Read more
By ending 115 points lower on Friday, Nifty formed a long bear candle on the daily charts, indicating a downside breakout of the smaller range movement of the last few sessions. On the weekly timeframe, an Inside Bar was formed on the charts. Now till it holds below 19,500 zones, weakness could be seen towards … Read more
Indicating buying support at lower levels, Nifty on Wednesday ended 62 points higher to form a Hammer-type bullish candle with a long lower shadow on the daily charts. Now, it has to hold above 19,560 zones for an up move towards 19,700 and 19,800 zones, whereas supports are placed at 19,500 and 19,420 zones, said … Read more
Indian market is likely to edge higher on Wednesday tracking positive global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed above 19,550 levels on Tuesday. India VIX was up by 2.03% from 11.10 to 11.32 levels in the previous session. Volatility inched higher and caused some discomfort to the … Read more
Indian market is likely to consolidate on Tuesday tracking muted global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 closed just a shade below 19,600 levels in the previous trading session. India VIX was up by 5.04% from 10.57 to 11.10 levels in the previous session. Volatility moved from lows … Read more
Indian market is likely to consolidate on Monday tracking mixed global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed below 19700 levels on Friday. India VIX was down by 3.52% from 10.51 to 10.14 levels in the previous trading session. Volatility has been moving in a range for the … Read more
Now, it has to hold above 19700 zones to extend the move towards 19900 then 20000 zones, while on the downside, support is placed at 19650 and 19550 zones, said Chandan Taparia of Motilal Oswal. India VIX was down by 2.50% from 11.78 to 11.48 levels. Volatility cooled off from its highs but is overall … Read more