Category: India

The Nifty50 managed to extend its northward journey on November 25 and gave a fresh record closing above the 18,500 mark on the first day of the December series. Auto, technology, pharma and oil & gas stocks supported the market, whereas select banking & financial services, and FMCG stocks were under pressure. The index has […]

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The Nifty50 managed to extend its northward journey on November 25 and gave a fresh record closing above the 18,500 mark on the first day of the December series. Auto, technology, pharma and oil & gas stocks supported the market, whereas select banking & financial services, and FMCG stocks were under pressure. The index has […]

Indoco Remedies shares rallied more than 7 percent to Rs 415.35 and formed long bullish candle on the daily charts with strong volumes. Overall it has seen a good run up after breaking out long downward sloping resistance trend line adjoining August 12, 2021 and August 3, 2022. Sunil Shankar Matkar November 25, 2022 / […]

RCF is at 52-week high level indicating strong price momentum and room to move higher. The stock has given a multi-year breakout which points towards the beginning of a fresh trend on the upside. ‘); $ (‘#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”); // […]

Bank Nifty on November 24 opened positive at 42,838 and crossed the much-awaited psychological 43,000 mark to hit a record high of 43,163.40. The Nifty50 on November 24 put up a stellar performance and ended the last day of the monthly F&O series at a record closing high, with great hope for the December series, […]

KPIT Technologies shares rallied more than 6 percent to Rs 727 and formed long bullish candle on the daily charts with above average volumes. There was a breakout of long downward sloping resistance trend line adjoining January 10 and November 17 this year. Sunil Shankar Matkar November 24, 2022 / 06:46 AM IST ‘); $ […]

GNFC is expected to be retesting a breakout of a rounding bottom formation after five years on the weekly timeframe whereas on the daily timeframe the stock is likely to be taking support from a support zone and bouncing with high volumes which can be used as a confluence towards the bullish view. Vishal Wagh […]

The banking index remains in a buy-on-dip mode as long as the mentioned support levels are held. The momentum oscillators are in the buy zone which will confirm the strength of the index. Kunal Shah November 24, 2022 / 07:42 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”); […]

Representative image. The Nifty remained range-bound amid bouts of volatility on November 23 to close 23 points higher at 18,267, ahead of the expiry of November futures & options contracts. Participants were also cautious, awaiting the release of the minutes of the US Federal FOMC minutes later in the night. The index formed a Bearish […]

West Coast Paper Mills is looking lucrative on technical fronts. It is bouncing back from around a 50 percent retracement of the previous rally. It is trading above its all-important moving averages in a long consolidation formation. Pravesh Gour November 23, 2022 / 06:05 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

Castrol India was in focus, rising 3.5 percent to Rs 134.55, the highest closing level since November 15, 2021 and formed healthy bullish candle on the daily charts with above average volumes. Sunil Shankar Matkar November 23, 2022 / 06:09 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 snapped a three-day losing streak to close 84 points higher at 18,244 on November 22 on positive global cues and gains in the banking names. The index formed a bullish candle on the daily charts as the closing was higher than the opening tick. The index has been moving in the 18,000-18,450 range […]

NLC India has broken out from the bullish Cup and Handle pattern on the daily chart. Price Breakout is accompanied with jump in volumes. Vinay Rajani November 22, 2022 / 06:41 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’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ […]

Finolex Cables was also in focus, rising nearly 7 percent to Rs 567.5, the biggest closing level since December 15, 2021 and formed healthy bullish candle on the daily charts with large volumes. Also there was a big breakout of nearly month long consolidation. Sunil Shankar Matkar November 22, 2022 / 06:43 AM IST ‘); […]

The broader markets had a flat close with the Nifty Midcap 100 index declining 0.05 percent and Smallcap 100 index rising 0.24 percent. The Nifty50 opened lower on November 21 and remained sideways with negative bias throughout the session. It settled with nearly 150 points loss, forming yet another bearish candle on the daily charts […]