Most technical indicators suggest a correction in the near term. If Nifty falls below 21,250, it is likely to move towards the 21,000-20,900 range. However, if the index surpasses and maintains levels above 21,500, analysts anticipate index to move to 21,600-21,700 range. SBI, NMDC, SAIL, RIL, Infosys, GAIL, Siemens, Tata Power, Coforge, MGL, Star Cement, … Read more
“First, disruptive products are simpler and cheaper; they generally promise lower margins, not greater profits. Second, disruptive technologies typically are commercialized in emerging or insignificant markets. And third, leading firms’ most profitable customers generally don’t want, and indeed initially can’t use, products based on disruptive technologies.” – Clayton Christensen in The Innovator’s Dilemma Please note … Read more
Nifty on Thursday ended 101 points lower to form a small negative candle with a minor lower shadow on the daily charts, indicating a sell-on-rise opportunity in the market on monthly F&O expiry.The short-term trend of Nifty remains choppy with weak bias. The market could encounter strong resistance around 21,500-21,600 levels in the coming sessions. … Read more
Mumbai: Indian equities rose about 1% on Wednesday, recouping a portion of the previous day’s losses, as traders covered some of their bearish bets ahead of the expiry of the January series futures & options contracts. Analysts said the undertone remains cautious with foreign investors turning sellers in recent trading sessions.The Nifty rose 215.15 points, … Read more
Nifty on Wednesday ended 215 points higher to form a bullish piercing line candle on the daily chart and was placed at the hurdle of mid part of Tuesday’s long bear candle at 21,500 level.The short-term trend of Nifty seems to have reversed up, but the uncertainty remains in the market at the highs. The … Read more
Nifty on Tuesday ended 333 points lower to form a long bear candle on the daily chart with analysts warning that one may expect more weakness from here to form a new lower bottom of the sequence.The short-term trend of Nifty is down and one may expect more weakness in the short term. The next … Read more
Technical charts suggest a sideways-to-positive outlook from a broader market perspective. The Nifty has established a strong base around 21,450 levels, and a sustained position above this level is likely to favour the bullish trends, according to analysts. Stocks, including Infosys, Persistent Systems, Torrent Pharma, Medanta, APL, NMDC, and Hindustan Petroleum have formation of long … Read more
After months of buying, foreign portfolio investors are turning a blind eye to Indian equities in the month of January amid concerns over high valuations and uncertainty around global interest rates trajectory. In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far … Read more
Nifty on Saturday ended 51 points weaker to form a negative candle engulfing the previous session’s bullish candle. On the weekly charts, a bearish engulfing pattern was seen. The short-term trend of Nifty remains choppy. Having faced weakness after a small rise on Saturday signalled a weak bias for the market ahead. At the higher … Read more
The Nifty started the week on a positive note but witnessed selling at higher levels to end the week on a weak note. The Nifty50 closed at 21622 on 19th January with a loss of 272 points on a weekly basis. On the weekly chart, the index has formed a Bearish candle which engulfed its … Read more
