Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets. Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday. Here’s what Viral Chheda, … Read more
Nifty ended Wednesday with gains of 735.85 points or 3.36% and settled at 22,620.35 led by strong buying activity across sectors but more prominently in banks and autos. The 50-stock index ended above the downside channel support of 22,200. Analyst Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said call writers (bears) are exiting … Read more
Nifty on Friday ended 98 points higher to form an Inside Bar candlestick pattern on the daily chart. If the headline index manages to hold Thursday’s low of 21,932, a pullback looks possible to chartists. Last month, the index found support around 21,780 levels, and the 100-Days exponential moving average (DEMA) is placed near 21,820. … Read more
Bank Nifty has not been displaying significant momentum, primarily due to the lackluster performance of the heavyweight HDFC Bank. Rupak De, Senior Technical analyst at LKP Securities, says it may not be advisable to consider shorting until Bank Nifty drops below 44,500. “A decisive decline below this level could potentially drive the index towards 43,800/43,500. … Read more