Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak, ending 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone. However, crossing 22,660 could resume the bullish trend, Om Mehra … Read more
Nifty ended Thursday with declines of 216.05 points 1% at 22,488.65 led by strong selling pressure in most sectors. The 50-stock index fell for the fifth straight session and is now trading below the crucial 21-day Exponential Moving Average (21EMA). “The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term … Read more
Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart. Support for Nifty is now seen at 22,675-700 and 22,500 levels. On the higher side, the immediate resistance zone is at 22,825-850 levels and the next psychological resistance is at … Read more
Nifty ended Tuesday’s session 44 points lower at 22,888 to form a bearish candle on the daily scale. The index is trading above its key moving average supports and the RSI on the daily chart is positive. “While we expect further upsides and new life highs in the coming sessions in the run-up to the … Read more
Mumbai: India’s benchmark indices made fresh highs on Monday but gave up early gains as the sentiment remained edgy in the run-up to the election results on June 4. The Sensex crossed 76,000 and the Nifty crossed 23,100 for the first time but failed to close above these levels. Nifty ended at 22,932.4, down 24.6 … Read more
Nifty on Monday ended 25 points lower to form a minor bearish candle on the daily chart. The up move was not supported by the momentum as on the hourly time frame there is a negative crossover, analysts say. “Thus, we shall expect more consolidation before the next leg of an uptrend resumes. Also, after … Read more
The strength in the market is expected to continue this week. Technical analysts predict Nifty could reach 23,400. Recommended stocks for trading this week include Reliance, SBI, L&T, Tata Power, Tata Steel, JSW Energy, Granules, JK Cement, BEL, Ashok Leyland, TVS Motors, RCF, Tata Tech, and Tata Elxsi. DHARMESH SHAH HEAD OF TECHNICALS, ICICI SECURITIES … Read more
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
While investing, everyone who adheres to a clearly defined rule-based strategy stands a chance to make money. If the rules have stood the test of time, the odds of winning are even higher. Factor-based or smart beta exchange traded funds (ETF) adopt this rule-based approach of portfolio construction. They can be an interesting portfolio candidate … Read more
Nifty on Friday ended near the flatline after climbing the 23,000-mark for the first time in history. The index formed a Doji candle during the day after Thursday’s big bull candle. On the daily chart, Nifty continues to hold above the 20 and 50-day SMA, which is a positive signal. The 14-day RSI at 67.5 … Read more
