Amid mixed global cues, Indian equity indices Sensex and Nifty opened slightly higher on Wednesday, driven by gains in auto and energy stocks. The BSE Sensex was up 89 points, or 0.11%, at 81,799, while the Nifty50 rose 19 points, or 0.08%, to 25,036—just 42 points shy of its all-time high—around 9:22 am. From the … Read more
Nifty ended Tuesday’s session on a flat note and formed a neutral Doji candle on the daily chart, reflecting an uncertain outlook in the near term. To trigger momentum, new highs need to be established soon, which could open the door for further gains. Key levels to watch include 24,975 and the bullish gap around … Read more
Shilpa Medicare, a stock held by Madhusudhan Kela and Sunil Singhania, has delivered a 45% return since its allotment to these ace investors four months ago in a qualified institutional placement (QIP). Singhania received 6 lakh shares of the drug company through the Abakkus Diversified Alpha Fund-2, while Kela’s joint venture fund, Cohesion MK Best … Read more
Nifty ended Monday’s session with a gain of 187 points and was only about 68 points away from crossing its previous all-time peak of 25,078. On the daily chart, the index formed a long bull candle with a minor upper shadow. Technically, this pattern indicates an attempt of upside breakout of the previous down gap … Read more
Kenneth Andrade, CIO, Old Bridge Mutual Fund, says the current market environment is not offering any value opportunities. “As an active manager, we need to move our lens to 2030, then we could look at some probable opportunities that would be a part of the portfolio. Edited excerpts from a chat: Investors who have made … Read more
Nifty formed a small negative candle on the daily charts on Friday to end 12 points higher. On the daily chart, the index continued to form higher highs and higher lows as dips ended up being bought.The underlying trend of Nifty continues to be choppy with positive bias. Further upmove from here could pull Nifty … Read more
Nifty ended Thursday’s weekly expiry 41 points higher and formed a higher high-higher low formation for the fifth consecutive session. The daily charts saw the formation of a bearish candle as the index closed lower than its opening level. Now, Nifty has to continue to hold above the 24,700 zone to extend the move towards … Read more
“The percentage of CNX 500 stocks trading above the 50-day moving average has improved from 48% to 65%. This suggests the rally should continue, also supported by strong global cues. Even the S&P 500 has seen a breakout after the last four weeks of consolidation,” says Dharmesh Shah, Head-Technical, ICICI Direct.Well, the market is fairly … Read more
Nifty ended Wednesday’s session 71 points stronger to form a reasonable positive candle on the daily chart. The headline index is still making a higher high both on the daily and weekly charts. The short-term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down … Read more
Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 … Read more
