Tech View: Nifty forms red candle on daily chart. What traders should do on Monday

Tech View: Nifty forms red candle on daily chart. What traders should do on Monday

Indian benchmark indices ended Friday in the red witnessing a range-bound trade throughout the day. While the S&P BSE Sensex settled at 82,890.94, down by 72 or 0.09%, the broader Nifty50 closed at 25,356.50, lower by 32.40 or 0.13%. Nifty fizzled out and closed with a minor loss and barring oil & gas, FMCG and … Read more

Tech view: Nifty short-term downtrend sees reversal, forms Doji-like candle. How to trade on Wednesday

Tech view: Nifty short-term downtrend sees reversal, forms Doji-like candle. How to trade on Wednesday

The Nifty formed a small positive candle with minor upper and lower shadows. Technically, this pattern indicates the formation of Doji-type candle, which is not a classical one. Normally, such a Doji pattern at the hurdle indicates caution for bulls. “The short-term trend of the Nifty seems to have reversed up and the Nifty is … Read more

Tech view: Nifty needs to break out above 25,150 for trend reversal. How to trade on Tuesday

Tech view: Nifty needs to break out above 25,150 for trend reversal. How to trade on Tuesday

A reasonable positive candle was formed on Nifty’s daily chart following long bear candles on Friday. Technically, this pattern indicates an emergence of buying interest after a small downward correction. The immediate support of 20-day EMA has been regained at 24,900 after violating below it in the previous session. The short-term trend of Nifty remains … Read more

Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?

Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?

While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight … Read more

Tech View: Dips towards 25k can be buying opportunities. Here’s how to trade on Thursday

Tech View: Dips towards 25k can be buying opportunities. Here’s how to trade on Thursday

Nifty ended Wednesday’s trading session 81 points lower to end below the 25,200 mark but formed a bullish Counterattack type candle pattern on the daily charts and signalled a buy-on-dips opportunity in the market. Nifty is currently placed at the crucial cluster support around 25,000 levels (ascending trend line and 10-day EMA). The bullish pattern … Read more

NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks

NSE indices shakeup to trigger 3 million inflows for 5 PSU stocks

The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the … Read more

Tech View: Nifty gives no signs of reversal, support at 25,100. Here’s how to trade on Tuesday

Tech View: Nifty gives no signs of reversal, support at 25,100. Here’s how to trade on Tuesday

Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal … Read more

Tech View: Nifty needs decisive move above 25,100 for uptrend. Here’s how to trade on Thursday

Tech View: Nifty needs decisive move above 25,100 for uptrend. Here’s how to trade on Thursday

Nifty ended 36 points higher to form a Doji-type candle pattern on the daily chart after hitting a fresh record high. It signalled resistance around 25,100 levels. The underlying trend of the index remains positive. Further consolidation or minor dip from here is likely to create space for a decisive upside breakout of the hurdle … Read more

Tech View: Nifty forms neutral Doji candle on daily chart. Here’s how to trade on Wednesday

Tech View: Nifty forms neutral Doji candle on daily chart. Here’s how to trade on Wednesday

Nifty ended Tuesday’s session on a flat note and formed a neutral Doji candle on the daily chart, reflecting an uncertain outlook in the near term. To trigger momentum, new highs need to be established soon, which could open the door for further gains. Key levels to watch include 24,975 and the bullish gap around … Read more

nifty rejig: NSE Indices Rejig: Key stock entries and exits in Nifty50, Nifty Next50, Nifty100 and Nifty Bank

nifty rejig: NSE Indices Rejig: Key stock entries and exits in Nifty50, Nifty Next50, Nifty100 and Nifty Bank

The NSE Indices Committee has announced the September 2024 rejig, impacting several major indices, including Nifty 50, Next 50, Nifty 100, and Nifty Bank. These changes will lead to significant inflows and outflows for various companies. Here’s a breakdown of the key inclusions and exclusions: Nifty 50 Inclusions: Trent and Bharat Electronics are expected to … Read more