market trend

trading session: Wider trading range for Nifty likely to be between 22,200 to 22,800: Chandan Taparia

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trading session: Wider trading range for Nifty likely to be between 22,200 to 22,800: Chandan Taparia

“We have seen a profit booking decline in last four-five trading session and supports are slightly shifting lower. However, we are at 23-24 VIX, so wild swing of 200-300 points intraday cannot be ruled out,” says Chandan Taparia, Motilal Oswal.What is the positioning right now? From last hour of trade yesterday, which saw panic, we … Read more

Nifty: Holding 21,950 can take Nifty to higher supports: Analysts

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Nifty: Holding 21,950 can take Nifty to higher supports: Analysts

Nifty is facing downward pressure, and a drop below 21,950 is expected to initiate a sell-off towards 21,770, said technical analysts. However, the FII long-short ratio in the index futures stood at around 32%, suggesting that the markets might be nearing oversold territory. Analysts said if the Nifty closes above 22,150, it could present a … Read more