“Market typically peaks out with some amount of euphoria, which has not happened so far. So similarly, if I have to look at 2023 now, yes, it will be volatile, but if we can say with good amount of confidence, the top is in place, so answer is big no,” says Sandeep Tandon, CIO, Quant … Read more
It was largely a troubled week for the Indian equities as the markets spent four out of five days struggling to keep their head above the crucial 200-DMA which currently stands at 17404. Had it not been for Friday which saw a sharp surge in the Indices, the week was very much on track for … Read more
The underperformance of broader indices continued for another week. Technical analysts are, however, expecting a pre-Budget rally with a weak dollar and India VIX below 15 levels. If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, , , Persistent, ONGC, , … Read more
Most technical data points, such as FPIs’ long-short ratio, current price setup, and India VIX, among others, indicate the correction is not yet over. However, a move above 18,500 by Nifty would reverse the bearishness, according to technical analysts. , , , , and are some of the stocks that look better on charts, said … Read more
“Rise in volatility is a sign of topping. But, despite the rise in volatility this week, Friday’s closing of VIX was still below 19, a level which I think could give something for everyone – jobbing opportunities for the traders, as well as dips for investors to accumulate,” says Anand James, Chief Market Strategist at … Read more
Technical and derivatives analysts see more scope for a bounceback in the coming week after the Nifty gained over 1% on Friday. The index ended at 16,352.45, ending the week with a gain of 0.5%. Analysts said the current rebound can take the Nifty to 16,650 levels with support placed at 16,000. CHANDAN DERIVATIVE ANALYST, … Read more
Statistically, May has been a month when foreign institutional investors (FIIs) usually sell in the cash market, true to the saying ‘ Sell in May and go away’. However, this time, the developed country ‘bond’ market trigger and the following dollar index breach of the 100-mark made it necessarily a sell for the Indian markets. … Read more
Indian equities plummeted 2.6%, posting the biggest single-day drop in three months, amid a slide in stock markets as risk-off sentiment intensified across global financial markets on Monday. Anxiety that the US Federal Reserve is on course to drain liquidity that had propped up stocks to record levels at a faster pace prompted investors to … Read more
The domestic equity market has formed a broad consolidation range between the 17,950 level on the higher side and the 17,400 level on the lower side. We have maintained that unless Nifty breaches the upper edge or violates the lower edge, the 50-pack will find itself trading within this defined range. Nifty stayed within this … Read more
The weekly options expiry dominated the session on Thursday as the index stayed much within a defined range on expected lines. Apart from that, the Indian markets ended on a disappointing note as it failed its attempt to break out from the falling channel as it slipped inside it again. The Nifty opened on a … Read more