Technical charts, weekly options data, and India VIX stabilising around 12 indicate consolidation with a positive bias for Nifty. The index is expected to trade in 25,800- 26,650 range this week, according to analysts. If Nifty holds above 26,350, buying is anticipated, pushing the index towards 26,600; while a dip below 26,100 could trigger selling, … Read more
The record-breaking run in the red-hot mid-cap and small-cap stocks is likely to carry on as continued flows into equities from domestic investors are seen driving the bullish momentum. Analysts said, however, the pace of upside in these stocks especially those that have outperformed in recent weeks could slow after the US Federal Reserve’s rate-setting … Read more
Nifty ended Friday’s session 186 points higher above the 24,500-mark as it ended the sixth consecutive week with gains and formed The index must break through the 24,600-24,620 resistance level to trigger fresh bullish momentum. Until then, investors should consider buying on dips in the Nifty, with support near 24,170, Hrishikesh Yedve of Asit C … Read more
Nifty ended the Thursday expiry higher by 203 points to close above the 50 and 20-day SMA (Simple Moving Average) and form a small Hanging Man pattern on the daily charts. The formation of long lower shadows on two occasions in the last four sessions signals the emergence of sharp buying on dips. This is … Read more
