nifty news: Technical View: Strong momentum could take Nifty past 25,000

nifty news: Technical View: Strong momentum could take Nifty past 25,000

Nifty saw a sharp bounceback last week after holding its 40-day average of 24,150. Technical analysts expect the positive momentum to continue, with the index likely to cross the 25,000-mark soon. Stocks such as Vedanta, Hindustan Copper, JSW Steel, HUL, ITC, Canara Bank, ICICI Bank, M&M and Bajaj Auto have formed bullish setups on charts, … Read more

Tech View: 20-DEMA key support for Nifty. Here’s how to trade on Friday

Tech View: 20-DEMA key support for Nifty. Here’s how to trade on Friday

Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists. The short-term trend of Nifty continues … Read more

budget impact: Capital gains tax hike can impact valuation, little upside left in Nifty: Nomura

budget impact: Capital gains tax hike can impact valuation, little upside left in Nifty: Nomura

Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more

hdfc bank shares: F&O stocks to buy today: HDFC, REC among top 7 trading ideas for 4 June 2024

hdfc bank shares: F&O stocks to buy today: HDFC, REC among top 7 trading ideas for 4 June 2024

Indian market is expected to trade volatile amid election results. The Nifty future closed positive with gains of 3.30% at 23450 levels on Monday. India VIX crashed and was down by 14.87% from 24.60 to 20.94 levels. On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23500 strikes … Read more

OTM indicates 19% chance of Nifty closing above 24K by June 6, says Sudeep Shah of SBI Securities

OTM indicates 19% chance of Nifty closing above 24K by June 6, says Sudeep Shah of SBI Securities

With the ongoing buzz around the Lok Sabha election results, markets are still witnessing strong volatility. India vix stood above 21 as of May 24. However, the week ended in green, with Nifty and Sensex only rising each day while closing near their all-time high zones. With a progressive movement and the indices constantly achieving … Read more

nifty bank index: Nifty Bank falls over 1%, closes below 50-DMA; important levels to track on Friday: Experts

nifty bank index: Nifty Bank falls over 1%, closes below 50-DMA; important levels to track on Friday: Experts

The Nifty Bank fell over 1% on Thursday tracking weak global cues to close below its crucial psychological support of 48,000. The banking index fell 533 points to close at 47,487 while the Nifty50 saw a decline of 345 points to close below the 22000 mark. IDFC First Bank, PNB, HDFC Bank, and IndusInd Bank … Read more

Will Nifty make up for Friday’s loss? 6 factors to track this week

Will Nifty make up for Friday’s loss? 6 factors to track this week

After touching a fresh peak, Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say. “The rising VIX is indicative of potential volatility. Market can turn highly volatile in … Read more

F&O stocks to buy today: Escorts, BPCL among top 6 trading ideas for 23 April 2024

F&O stocks to buy today: Escorts, BPCL among top 6 trading ideas for 23 April 2024

Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed positive with gains of 1.20% at 22393 levels on Monday. The India VIX was down by 5.65% from 13.46 to 12.70 levels. On the options front, the maximum Call OI is placed at 22,600 and then towards 22,500 … Read more

Tech View: Nifty forms high wave candle. What traders should do on Friday

Tech View: Nifty forms high wave candle. What traders should do on Friday

Nifty on Wednesday formed a high wave type candle on the daily chart as it ended the session 111 points higher. Nifty is currently placed at the hurdle of around 22,800 levels (ascending resistance trend line and 1.618% Fibonacci extension). Though Nifty placed near the hurdle, still there is no sign of any reversal forming … Read more

Data vacuum an opportunity for time correction in Nifty: Anand James

Data vacuum an opportunity for time correction in Nifty: Anand James

Nifty, which has been looking for a directional headway on either side, ended the week 0.33% down with all major news trigger events like Budget, earnings, US Fed and RBI policy meetings behind us. Anand James, Chief Market Strategist, Geojit Financial Services, says this data vacuum presents an opportunity for time correction. “But our modest … Read more