“And right now, in today’s trade also, I feel that going by the charts in the largecap as well as in the midcap segment in IT stocks, I feel that in the short term also we can get good momentum in the IT sector,” says Vinay Rajani, HDFC Securities.IT seems to be leading the gain … Read more
Junior Nifty or the Nifty Next 50 has outperformed its smallcap and midcap index peers delivering 67% returns over one year, led by a solid performance across the board with seven multibaggers and 39 other stocks giving double-digit returns. Meanwhile, Nifty Smallcap 100 and Nifty Midcap 100, which are among the most tracked broader market … Read more
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
The US Fed appears to be behind the curve in terms of rate cut and hence, we are witnessing uneasiness and choppiness in the markets which could continue to sway either way till clarity emerges, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One warns and advises investors to trade with caution. … Read more
Indian benchmark indices suffered a sharp decline on Friday, ending the week with a notable drop of over 1%. The downturn was driven by a combination of weak global signals and regulatory challenges. Investor sentiment was further dampened as some chose to lock in profits at record levels in anticipation of upcoming US employment data. … Read more
The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve’s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more
After initially forming a fresh incremental lifetime high, the markets succumbed to selling pressure from higher levels after spending some indecisive sessions during the week. ETMarkets.com The week that went by saw some early signs of the Nifty entering into broad corrective consolidation while ending near its low point of the trading range. Given the … Read more
On top of the minds of most foreign investors amid a raging bull market on Dalal Street, India has just overtaken China in MSCI EM Investable Market Index (IMI) and is on track to beat the dragon in the more popular EM (emerging markets) index as well. Morgan Stanley announced that India has become the … Read more
Nifty formed a small red candle on the daily chart as it ended Thursday’s trading session on a slightly negative note as the index opened gap up but failed to sustain and slipped from its highs, closing 53.60 points lower at 25,145. The short-term trend of Nifty continues to be choppy with weak bias. Further … Read more
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
