Benchmark equity indices closed higher on Monday, led by banking, and financial stocks. The S&P BSE Sensex closed 0.5% higher at 64,112, while the NSE Nifty50 index ended above the 19,100 level. “Despite a broader negative outlook due to the prevailing downtrend, the possibility of a pullback exists, potentially taking the index to the 19,300 … Read more
New traders often begin their trading journey with the unrealistic expectation of finding a magic strategy that will generate consistent profits, allowing them to quit their day jobs and retire luxuriously. This often leads to a phenomenon known as “System hopping,” where traders experiment with various strategies across different asset classes, unaware of the finite … Read more
Despite buying by both FIIs and DIIs on Tuesday, Nifty ended the day flat in the absence of any major cues. Even as the action was seen in the broader market, the headline index Nifty appeared to be stuck in a range. Analysts say investors must watch out for any further spike in the US … Read more
Amit Trivedi, YES SECURITIES Following Tuesday’s swift throwback, today Nifty opened on a positive note. However, throughout the session, the index traded within the band of 150 points, which is its lowest daily range since 9th Feb. Follow-up action near 17,000 needs to be closely watched out as the downward gap at 17028, which Nifty … Read more