Category: India

The Nifty50 erased all its previous two-day gains and lost nearly 200 points on January 4 despite positive global cues, but has taken support at the crucial 18,000 mark, where we have seen the maximum Put open interest in the current series. Traders seem to be cautious ahead of the FOMC minutes release, which is […]

LIC India is bottoming out from lower levels and forming the right shoulder of an Inverse Head & Shoulder pattern formation on the daily chart with decent volume. The structure of the counter is in a long period of consolidation as it trades above its all-important moving averages. Pravesh Gour January 04, 2023 / 06:15 […]

Max Financial Services was also in action, rising nearly 4 percent to Rs 710 and there was formation of large bullish candle on the daily charts with above average volumes, with making higher high for third straight session. In fact, Tuesday’s breakout was after couple of weeks of consolidation. The stock has seen a breakout […]

Representative image The Nifty50 continued its northward journey for the second consecutive session and formed a bullish candle on the daily charts by making a higher high and higher low on January 3, indicating positive consolidation. Banking and financial services, technology, and healthcare stocks led the market higher. In the coming session, if the index decisively […]

Hindustan Construction Company has been forming higher tops and higher bottoms on the daily charts. The stock price is placed above all important moving averages. Indicators and oscillators have tuned bullish on daily and weekly charts. Vinay Rajani January 03, 2023 / 06:21 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

IRB Infrastructure Developers shares gained 8 percent to end at record closing high of Rs 314 and formed strong bullish candle on the daily scale with healthy volumes, making higher high higher low for second consecutive session. Sunil Shankar Matkar January 03, 2023 / 06:33 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

The Nifty50, after initial volatility, gained strength and maintained an upward journey in the rest of the session to close near 18,200 on January 2, the first trading day of 2023. The index has formed a bullish candle which resembles an Inside Bar kind of pattern on the daily charts. The index has been consolidating […]

Vinay Rajani of HDFC Securities PSU banks and metals are two sectors that appear the most bullish on the medium-term charts and are likely to outperform the benchmark indices, Vinay Rajani of HDFC Securities shares during an interaction with Moneycontrol. At present, derivative data is neutral for Nifty and does not give any convincing indication for directional up-move, […]

In the upcoming weekly expiry, Nifty immediate resistance stands at 18200 levels where nearly 82.65 lakh shares is the OI (open interest) followed by vital resistance at 18300 levels where OI is about 69.40 lakh shares. Nifty closed the last week with a gain of around 1.37 percent, gyrating between 18374 and 17941. On the […]

The primary indicators align with the trend suggesting a continuation in the movement in a comparable period. Hence, Osha Krishan recommends to buy Federal Bank for a target of Rs 148-150. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} […]

On the Options front, we have maximum Call Open interest at 19,000 strike, which is Out-Of-Money (OTM) indicating the traders are betting big on 19,000 mark again. Whereas on the Put side, the maximum open interest was at 18,000 strike, suggesting crucial support area for the Nifty in January series Sunil Shankar Matkar January 02, […]

Metro Brands rose 3 percent to Rs 883.50, and formed bullish candle on the daily charts with strong volumes. The stock has given a healthy breakout of horizontal resistance trend line adjoining October 27 and December 8, 2022. Sunil Shankar Matkar January 02, 2023 / 06:53 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Option writing is a fairly successful trade. Simple reason – Option writers take a lot of risk. There is an unknown risk profile against a small potential profit of premium received. The success is sweet, but it comes with a threat. This threat is of a possibility of a big loss. In an attempt to […]

The Nifty50 wiped out all its previous day’s gains, falling half a percent on December 30, the last day of the year 2022, and formed a long bearish candle which resembles a Bearish Piercing kind of pattern on the daily charts, indicating some kind of nervousness. In fact, it was a weak start to the […]

Looking at a broader picture of SBI, Vidnyan Sawant of GEPL Capital observes that the correction post November 2021 the stock did not get into Lower Low, Lower High formation, this shows positive under tone of the prices. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

Aegis Logistics was also in action, rising nearly 7 percent to Rs 352 and formed long bullish candle on the daily charts with above average volume. The stock has seen a breakout of horizontal resistance trend line adjoining several points November 28, December 7, December 9 and December 28. Sunil Shankar Matkar December 30, 2022 […]

The Nifty50 recouped all its losses in the last hour of trade and closed the monthly F&O expiry session on a positive note on December 29 despite weakness in Asian counterparts, with a fall in volatility. The index opened lower at 18,046, tracking correction in global peers amid recession fears, and fell a tad below […]

Kalyan Jewellers India has moved above the recent consolidation, indicating a rise in optimism. The rally in price has been backed by a rise in volume. Rupak De December 29, 2022 / 06:27 AM IST Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // […]