Nifty ended Thursday’s weekly expiry above the 25,000-level and formed a Doji candle on the daily chart, which signals range-bound action on Dalal Street. The crucial hurdle of 25,000-25,100 levels remains intact and the index was not able to break above this area decisively. Chances of further consolidation or minor dip are not ruled out … Read more
Tata Group’s retail firm Trent and state-owned defense giant Bharat Electronics are likely to find place in the Nifty 50 index in the September reshuffle, according to brokerage IDBI Capital. LTI Mindtree and Divi’s Laboratories are expected to be excluded from the index, it said. Trent shares have surged 84% so far this year compared … Read more
Nifty ended Monday’s session flat before failing to cross the 25,000 milestone by a whisker and form a High Wave type candle on the daily charts. The near-term uptrend status of Nifty remains intact. The market could probably show some more choppy movement or minor dip in the next 1-2 sessions before surging higher in … Read more
Will Nifty cross 25,000 this week? Fed meeting & 5 other factors to watch out for Driven by positive US GDP data, expectations of improved global demand and unflinching faith of domestic investors, the stock market has recovered all its post-Budget losses to leave many market veterans surprised. Given Friday’s momentum, Sensex looks poised to … Read more
Nifty witnessed a sharp recovery a day after monthly F&O expiry, to close near the all-time high with gains of 429 points or 1.7% at 24,835. The broader market too ended in green, up by more than 1%. The Nifty50 index started on a flattish note this week considering global cues however there was a … Read more
Raamdeo Agrawal, Founder & Chairman, Motilal Oswal Group, says he wants to buy well-established businesses with strong management teams, which may be facing some headwinds recently. Agrawal says the shift of deposits from banks to the capital market is a significant trend. The banking sector must adapt to this change and ensure sufficient credit and … Read more
Mumbai: India’s stock benchmarks jumped over 1.5% on Friday with the Nifty closing at new all-time highs, erasing all losses in the previous three trading sessions after the budget increased taxes on equity market transactions. Analysts said indicators point to an overbought market, but the renewed bullish momentum could push the markets higher and the … Read more
Nifty ended Friday’s session 429 points higher to form a long bull candle on the daily chart to signal a decisive upside reversal in the market post downward correction. The immediate supports like 10/20-day EMAs have been regained after violating below it recently. These moving averages have been offering support for the index in the … Read more
Nifty ended Thursday expiry on a flat note but formed a bullish counterattack-type pattern on the daily chart despite a weak global trade setup. The index is currently holding immediate and key support at its 20-daily EMA, and maintaining this level will help attract bullish strength, according to chartists. The short-term trend of Nifty continues … Read more
Nifty ended 66 points lower above the 24,400 level to form a High Wave type candle pattern with analysts saying that a sustainable move above 24,580 could only confirm a near-term bottom reversal pattern. The immediate support of 10 Day EMA has been broken on the downside and Nifty is currently placed near another support … Read more
