Indian market bounced back on Friday after closing lower on the Interim Budget Day. The S&P BSE Sensex rose more than 400 points while the Nifty50 closed above 21800 levels. Sectorally, buying was seen in oil & gas, energy, metal, and public sector stocks while selling was seen in the telecom and banking space. Stocks … Read more
The Indian market closed higher for the fourth consecutive day in a row on Friday. The S&P BSE Sensex rose more than 800 points while the Nifty50 closed just a shade below 21,900 levels. Sectorally, buying was seen in IT, realty, oil & gas and public sector while selling was seen in healthcare, utilities and … Read more
NEW DELHI: Nifty on Monday closed lower by 82 points to form a small negative candle on the daily chart that filled the opening upside gap of the Diwali Muhurat session. The near-term trend of Nifty continues to be positive. Having placed at the crucial overhead resistance around 19,550-19,600 levels, there is a possibility of … Read more
After grasping the fundamental principles of Technical Analysis and acquiring knowledge of different chart scales, including Arithmetic and Semi-Log, Maya started examining a multitude of price charts across various assets. Some charts displayed continuous activity round the clock, such as forex, while others, like stocks, were only active during exchange hours. With daily charts as … Read more
Indian market closed in the red for the third consecutive day in a row on Friday. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19600 levels. Sectorally, selling was seen in oil & gas, metal, telecom, FMCG and energy stocks. Stocks that were in focus include names like Bombay … Read more
Indian equities unfazed by weak global cues ended in the green in Friday’s session. Nifty ended at 19,820, up around 100 points, while Sensex added 333 points to settle the week at 66,599. Global distress weighed on IT and pharma stocks which came under selling pressure. Nevertheless, the gains in infra, industrial, and capital goods … Read more
Indian market closed in the green for the sixth day in a row on Friday. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19800 levels. Sectorally, buying was seen in infra, realty, public sector, and oil & gas stocks while selling was seen in healthcare and FMCG space. Stocks … Read more
Tara and Dev were deep in conversation about trading instruments and asset classes when there was a sudden knock at the door. With an anticipated look, Dev got up to answer it, and in walked Jay with a beaming smile on his face. Dev had been talking up Jay to Tara for a while now, … Read more
“For the coming weeks, 16900 – 17200 might be a strong hurdle since they are the 50% and 61.8% retracement level of the entire fall from 18100 to 15700,” says Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers. In an interview with ETMarkets, Kothari said: “The immediate support is placed at … Read more
Indian benchmark Index Nifty50 snapped 5 days of winning streak to shut shop marginally in the red last Friday, following another high intraday volatile session. Bulls were unable to push the index beyond the immediate hurdle of 18,300-18,350 which led to minor profit booking. Therefore, for the coming week, this range of 18,300-18,350 will be … Read more