After showing a sharp weakness on Monday, Nifty consolidated on Tuesday with a range movement and closed the day lower by 13 points. After opening on a positive note, the Nifty attempted to move up soon after the opening. It later failed to sustain the opening gains and slipped into weakness with lacklustre movement. Minor … Read more
“And as you said that there has been a good sector rotation in the market and there are many stocks in the largecap segment also which are looking very good technically, they are giving fresh breakouts and follow-ups are also being registered, so that is a nice setup we can say. We are finding good … Read more
After showing a sustainable up move in the last few weeks, Nifty witnessed sharp profit booking on Monday and closed the day lower by 368 points. After opening with a downside gap of 110 points, Nifty slipped into further weakness in the early to mid-part of the session. There was no significant upside recovery for … Read more
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
While Nifty ended with week-on-week gains of 1.5%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 14,602 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on the … Read more
Indian markets rose by 1.7% this week, marking a third consecutive weekly gain, driven by favorable global and domestic factors. The positive momentum was fueled by the US Federal Reserve’s rate cut and steady economic data, leading to increased foreign investments. Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and … Read more
The Nifty50 index formed a small negative candle on the daily chart at the new highs, which indicates a breather-type pattern post the upside breakout. As happened in the past, the market is expected to shift into a range-bound action for a few sessions before witnessing another upside breakout. On the weekly chart, it formed … Read more
A long bull candle was formed on the Nifty daily chart, indicating a decisive upside breakout of the small range movement at 26,000 levels. Positive chart patterns like higher highs and lows are observed on the daily chart and the market is displaying a strong upside momentum without showing any reasonable downward correction in between. … Read more
“In largecaps, Nifty is trading slightly higher than its average valuation but has not reached high or historical valuation levels. So, in a way, largecaps become an easier choice right now compared to midcaps and smallcaps,” says Nimesh Chandan, CIO, Bajaj Finserv AMC.In an interview with ETMarkets, Chandan said: “If you are able to find … Read more
A small positive candle on the daily chart with a minor upper shadow indicates a breather action for the Nifty after a sharp surge. The near-term uptrend status of Nifty remains intact. One may expect further range-bound action or a minor dip in the next 1-2 sessions. Immediate resistance is to be watched around 26250 … Read more
