Category: India

Mahindra and Mahindra was the biggest gainer among Nifty50 stocks, climbing 3.6 percent to Rs 1,310 and formed healthy bullish candlestick pattern on the daily charts with above average volumes, with making higher high higher low formation for second straight session. Sunil Shankar Matkar January 10, 2023 / 08:31 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

The Nifty rebounded sharply on January 9 after taking a beating in the previous three sessions to climb above 18,100, led by short-covering as well as positive global cues. The index opened higher at 17,953 and traded positive throughout the session to hit an intraday high of 18,141. The index closed at 18,101, up 242 […]

Sacchitanand Uttekar, DVP – Technical (Equity), Tradebulls Securities “The current data still supports the fact that the psychological support around 17,500 would come under jeopardy due to its close proximity to its 200-day EMA (exponential moving average) level of 17,485 which could be marked as key support zone for the ongoing bearish move,” Sacchitanand Uttekar […]

The Nifty closed last week with a loss of around 1.42%. During the week, the index gyrated between 18334 and 17872. On the OI (open interest) front, a short build-up was witnessed in the Nifty January Futures over the week as there was an increase in OI. On the other hand, the Bank Nifty January […]

The crude oil remains under pressure and since it has sneaked below $ 80 mark, all sensitive pockets came back into action. Tyre being the beneficial space from the crude oil drop, all counters just took off in last couple of trading sessions. Sameet Chavan January 09, 2023 / 06:21 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages. Sunil Shankar Matkar January 09, 2023 / 09:44 AM IST (Illustration by […]

Godrej Industries has formed long bullish candle on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining December 9 and December 21, 2022. Also there was a decisive breakout of horizontal resistance trend line adjoining multiple touch points – October 12, October 19, 2022, January […]

Conviction is what drives the trading in any asset class that does not have predefined cash flows. We tend to bet big when our conviction (belief in the expected outcome) is higher. Indeed, conviction defines our aggression. I will buy 10 lots if I am super confident and two lots if I am moderately confident. […]

The Nifty fell sharply for yet another session to close below 17,900 on January 6 on relentless selling by FIIs and mixed global cues. The index opened higher at 18,008 but lost the gains in the initial hour itself and slipped to the day’s low of 17,795. It ended the day at 17,859, down 133 […]

Hindustan Zinc, now has started to get into higher high, higher low formation post October 2021. The stock has shown a bounce to the upside after retesting the Triangle pattern, the breakout was witnessed on November 14, 2022. This confirms the beginning of potential uptrend. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Max Financial Services jumped 3 percent to Rs 735.4 and formed long bullish candlestick pattern on the daily charts with above average volumes, with higher high higher low formation for third straight session. In fact, it has been in an uptrend after break out of long downward sloping resistance trend line adjoining September 20 and […]

The Nifty extended losses for the second successive day on January 5, slipping below the psychologically vital 18,000 mark after the Federal Reserve meeting minutes indicated that the US central bank will continue its aggressive stance to control inflation. After opening higher at 18,102, the index climbed to 18,120 but immediately erased the gains and […]

ABB India has remained resilient amid the market sell off on Wednesday. Besides, the price has been taking support around the 200-DMA (day moving average), suggesting a possibility of recovery over the short term. Rupak De January 05, 2023 / 06:26 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Grindwell Norton rose 2.6 percent to Rs 1,894 and formed bullish candle with making higher high higher low for third consecutive session. Also the stock has seen a breakout of downward sloping resistance trend line adjoining December 19, December 21, 2022 and January 3, 2023. Sunil Shankar Matkar January 05, 2023 / 06:33 AM IST […]

Sun TV Network is expected to be giving a breakdown of a wedge like pattern on the daily timeframe after seven months with decent volumes and the supertrend indicator is also indicating a downwards move which can be used as a confluence towards the bearish view. Mitesh Karwa January 05, 2023 / 07:10 AM IST […]