Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside. As long as the index is trading above 21,750, the breakout texture is likely to continue. Above the same, the market could move up till 22,100-22,200. On the flip side, below 21,750 traders may prefer to exit … Read more
Nifty on Tuesday ended about 34 points higher to find support just above the 21-EMA on the hourly chart, prompting a strong recovery in the later part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently. … Read more
Suggesting a pause in the momentum, Nifty on Monday ended 38 points lower to form a Bullish Harami candle on the daily chart. The index made lower tops and also closed below the 20-day moving average. “We believe that the markets have taken a breather after the sharp rise seen last week. So any corrections … Read more
Nifty on Wednesday ended with a marginal gain of 20 points to form a Doji type candle on the daily charts. The upside recovery of Wednesday from the immediate supports signals chances of further upside for the Nifty in the short term. There is a higher possibility of Nifty moving again into all-time highs of … Read more
Nifty on Friday ended 135 points higher in uncharted territory above 20,250-zone to form a reasonable positive candle on the daily chart. On the weekly chart, a long bull candle was formed. The short-term trend of Nifty continues to be positive, and one may expect further upside in the coming week. The next upside levels … Read more
Nifty, which has been finding support near its 50-day EMA for the last three consecutive days, on Friday ended 115 points higher and formed a small green candle with a long upper shadow on the daily chart. A sustainable move above 19770 levels could bring bulls back into action. A slide below 19500 is expected … Read more
NEW DELHI: After having demerged from incubator Reliance Industries (RIL) last month, shares of Mukesh Ambani’s Jio Financial Services or JFSL will list on stock exchanges BSE and NSE on Monday. Ahead of the listing, the shares of the digital-first NBFC were trading at around Rs 300 apiece in the grey market, higher than the … Read more
Indian equities ended Wednesday’s session on a positive note ahead of the US Fed meeting outcome in the later hours. Nifty managed to end above 19,750 levels, up 0.5%, or 98 points. Among the sectoral indices, Nifty PSU Bank, FMCG, and Realty gained the most, while Nifty Consumer Durable and Auto Index ended in the … Read more
With dreams of becoming an auto engineer one day, Jaipur boy Arun Singh Tanwar got himself enrolled for a mechanical engineering course in the city but by the end of it he was convinced that his future lies elsewhere. His journey to the complex world of derivative trading began from discussions with a teacher who … Read more
Nifty today formed a Doji candle on the daily chart — a small positive candle with minor upper and lower shadow. Now, it has to cross and hold above 18,636-18,676 zones to witness an up move towards 18,777 and 18,888 zones while on the downside support exists at 18,550 and 18,480 zones, said Chandan Taparia … Read more