Category: India

Macrotech Developers shares rallied 5 percent to Rs 1,084 and formed strong bullish candle on the daily charts with above average volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining July 28 and December 12 this year. Sunil Shankar Matkar December 29, 2022 / 06:32 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

Bulls took a breather on December 28 after a two-day run-up due to a lack of cues on the domestic as well as global fronts, and may be ahead of the expiry of monthly futures & options contracts on December 29. The Nifty50 has largely seen consolidation on Wednesday and closed flat with a negative […]

Usha Martin has witnessed a breakout of a symmetrical triangle formation on the daily chart with huge volume. It is trading in a new blue sky zone, and its structure is very impressive, as it is trading above all its important moving averages. Pravesh Gour December 28, 2022 / 06:25 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

NALCO was the second biggest gainer in the futures & options segment, rising 6.5 percent to Rs 78.85 and formed strong bullish candle with healthy volumes. It has seen a breakout of horizontal resistance trend line adjoining November 16 and December 22 this year. Sunil Shankar Matkar December 28, 2022 / 06:32 AM IST ‘); […]

The Nifty50, after significant volatility in the early hour of trade, gained momentum and reclaimed the 18,100 mark on December 27, continuing the uptrend for the second consecutive session due to value buying in quality stocks after a recent correction. The index has formed a bullish candle on the daily charts with a long lower […]

The Nifty50 rebounded sharply on December 26 to close above the psychological 18,000 mark, after a four-day downtrend, driven by short-covering and value buying in several beaten-down stocks. The recovery was on expected lines as after taking strong support at 17,800-17,850, RSI (relative strength index) moved closer to oversold levels. Hence, going ahead, Friday’s low […]

Poonawalla Fincorp surged 14 percent to Rs 280.5 and formed big bullish candle on the daily charts, in fact engulfing both previous red candles, with large volumes. The stock has seen a decisive breakout of big horizontal resistance trend line adjoining February 16 and December 23. Sunil Shankar Matkar December 27, 2022 / 07:00 AM […]

IRB Infrastructure Developers has been making higher top higher bottom formation on the monthly chart. Primary trend of stock is positive as it is trading above its 100 and 200-day moving average. Sunil Shankar Matkar December 27, 2022 / 06:57 AM IST ‘); $ (‘#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”); […]

The Nifty50 rebounded sharply on December 26 to close above the psychological 18,000 mark, after a four-day downtrend, driven by short-covering and value buying in several beaten-down stocks. The recovery was on expected lines as after taking strong support at 17,800-17,850, RSI (relative strength index) moved closer to oversold levels. Hence, going ahead, Friday’s low […]

Traders are advised to avoid making aggressive bets for a while and wait for the Nifty to reclaim 18,050. However, it’s an excellent opportunity to start nibbling at quality propositions. Sameet Chavan December 26, 2022 / 06:02 AM IST ‘); $ (‘#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’] < […]

The relative strength index is approaching an oversold territory, and if the Nifty manages to regain its 100-DMA of 17,840, which coincides with a 50 percent retracement of the previous rally from 16,748 to 18,888, then there can be a short-covering move in the market, believes Santosh Meena of Swastika Investmart. On the upside, he […]

Rising cases of Covid infection in several countries, fear of further tightening of key policy rates by the Federal Reserve, and a growth threat of recession-like situation pose challenges for markets around the world Sunil Shankar Matkar December 26, 2022 / 09:57 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

The Nifty closes the week with a loss of around 2.43 percent. During the week Nifty gyrated between 18,519 – 17,831. On the OI (Open Interest) front, short built-up was witnessed in Nifty over the week gone by as there was an increase in OI. On the other hand, Bank Nifty lost about 3.56 percent as […]

Thyrocare Technologies rose nearly 2 percent to Rs 635 and formed bullish candle on the daily charts with long upper shadow, which resembles bullish Harami kind of pattern formation, which is bullish reversal pattern. The trading volume was high on the same day. Sunil Shankar Matkar December 26, 2022 / 06:04 AM IST ‘); $ […]

Open Interest (OI) is an incredible data point to be used for analysis of the underlying. The underlying could be a stock or index whose Futures or Options OI is in consideration. The word ‘Build-Up’ means a structure that is made of several sections or layers fastened together. Built-Up in this context means the total […]

The Nifty wilted under another bout of selling to close below the psychologically vital 18,000 mark on December 23, as weak global cues, the resurgence of Covid and a spectre of more rate hikes by the US Federal Reserve haunted the market. The Nifty opened lower at 17,977 and the downtrend continued, with the index […]