A small-bodied candle was formed on Nifty daily chart, hinting at a sense of indecision. On the level-specific front, the 26,000 mark withholds the formidable barrier to the ongoing momentum, and a decisive breakthrough could only trigger the next leg of the rally towards 26,200, marking a sustained uptrend. On the lower end, 25,900-25,800 is … Read more
The Nifty formed a Doji candle on the daily chart near its all-time high, which may be signaling short-term hesitation ahead of the US Fed meeting due later this week with the Street expectations that it might start with an outsized rate cut. Nifty formed a small sideways Doji candle resulting in three days of … Read more
The Nifty formed a bullish engulfing candle as the bulls took charge towards the end of the day and lifted the indices to a new high, mirroring global trend. The rate-cut optimism has provided a positive impetus to the global market. “A long bull candle was formed on the daily chart which has broken above … Read more
The Nifty formed a bearish candle on the daily chart as the Indian markets ended weaker, with the Sensex down 398 points (0.49%) at 81,523.16 and the Nifty slipping 122.65 points (0.49%) to 24,918.45.Recent swing low 24,753 is expected to offer short term support to the Nifty. On the higher side, 25,200 becomes strong resistance … 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 Thursday’s monthly expiry session with a gain of about 100 points after scaling a fresh record high. The intraday bounce from the 25,000 level suggests strong support at this level. With today’s strong close, prices have now surpassed the previous swing high, confirming a “Saucer” formation and signaling the potential for further upside. … Read more
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets. This came following a net outflow of over Rs 8,700 crore in the entire April on concerns over a tweak in India’s … Read more
Synopsis Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which … Read more
The U.S. stock market is the most expensive it has been in around two years. Its valuation could be put to the test as companies report earnings in coming weeks. The S&P 500 is up more than 9% year-to-date, following its strongest first-quarter performance since 2019. But the bar may be rising for stocks to … Read more
Bond fund managers have so much cash they’re turning to the derivatives market to put it to work, pushing down the cost of protection against defaults close to levels that prevailed when central banks were just starting to raise interest rates. The bets on tightening credit-default swap spreads are the latest sign of the overarching … Read more
