Nifty on Tuesday ended 9 points lower to form back-to-back Doji patterns on the daily chart, typically indicating a pause before the next move. The short-term trend of the Nifty remains positive. Though Nifty is placed at the crucial overhead resistance around 22,500 levels, there is no confirmation of any reversal pattern unfolding at the … Read more
After an overwhelming show in FY24, domestic equities look poised to kickstart the new financial year on a good note and test new highs, as capital flows remain buoyant and the underlying factors conducive for the bulls to keep their foot ahead of the bears on Dalal Street. Benchmark Nifty50 bid goodbye to FY24 after … Read more
The new financial year 2024-25, which is going to be an event-heavy one with Lok Sabha elections, US elections and two full Budgets, has kicked off on a higher base for equity investors with Sensex and Nifty touching fresh peaks on Day 1 itself. The base effect could, therefore, make FY25 a year of consolidation … Read more
Stock markets started the new fiscal on a high, backed by firm trends in Asian markets. The 30-share Sensex jumped 363 points to settle at 74,014 and the Nifty climbed 135 points to 22,462. Stocks that were in focus included names like Indus Towers, which rose 8.26%, HAL, which jumped 2.2%, and Prestige Estates, whose … Read more
Nifty on Monday ended 135 points higher to form a Doji candle on the daily chart with the index trying to break above the crucial overhead resistance of 22,500-22,550 levels. Though Nifty is now placed at the crucial hurdle of around 22,500 levels, the overall chart pattern remains positive and we are unlikely to see … Read more
Domestic indices rallied for the second straight session on Thursday to end fiscal 2024 on a bullish note. The 30-share Sensex jumped 655 points to settle at 73,651 and the Nifty climbed 203 points to end at 22,326. Stocks that were in focus included names like IDFC First Bank, which fell 2.96%, VIP Industries, which … Read more
Technical charts indicate that Nifty and Bank Nifty are currently poised for an upward trend. According to technical analysts, Nifty may ascend towards 22,800 levels, while Bank Nifty could touch 48,500 levels. Stocks such as Sun Pharma, Hero MotoCorp, Tata Steel, Britannia, Divi’s Lab, HDFC Life, PI Industries, Praj Industries, and Sona BLW have exhibited … Read more
The percentage of small and mid-cap stocks trading below 20-DMA has come down to 57% from 83% last week, indicating attempts to pull back, says Anand James, Chief Market Strategist, Geojit Financial Services. However, the percentage of stocks closing below the 30-day low increased to 9% from 2% last week which is indicating that the … Read more
Maharashtra Bank, Petronet LNG and Finolex Cables are top 3 ideas from Kunal Shah, senior technical & derivative analyst at LKP Securities for the week ahead. Edited excerpts from a chat: After the solid rally seen particularly on Thursday’s expiry, what does the bigger picture look like for the April series which will also mark … Read more
Nifty on Thursday ended 203 points higher to form a reasonable bull candle with a long upper shadow on the daily chart, reflecting selling pressure near all-time highs around 22,500 levels. The near-term uptrend of the Nifty remains intact with high volatility. The next upside levels to be watched are around 22,500-22,600 in the next … Read more
