Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle. On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 … Read more
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
Fundamental and technical analysis are the two widely acknowledged ways of stock investing. Investors belong to either of these two schools of thoughts. While fundamental analysis focuses on a company’s business operations and financial health, technical analysis focuses on price patterns and trends on a stock’s price chart. Within these two methods of analysis, numerous … Read more
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