Category: India

Anand James of Geojit Financial Services The 18,604-mark on the Nifty50, the record high touched in October 2021, is not a breakout level, Anand James of Geojit Financial Services tells Moneycontrol in an interview. “We could see 18,800-19,000, but could still get to the sub-18,000 level before a more sustainable rally emerges,” he says. Usually, […]

Breaching either side of 18,200-18,450 range can give some kind of direction to the market in the coming days, but having a monthly expiry and FOMC minutes scheduled this week, volatility and consolidation is at the top before any kind of big move on either side of range Sunil Shankar Matkar November 21, 2022 / […]

Affle India formed long bullish candle on the daily charts with robust volumes. The stock has seen a break out of long downward sloping resistance trend line adjoining January 14 and November 14 this year, as well as short downward sloping resistance trend line adjoining September 13 and November 14 this year. Sunil Shankar Matkar […]

The upcoming week can be approached with a low-risk strategy like Modified Put Butterfly in Nifty. Shubham Agarwal November 21, 2022 / 06:51 AM IST During the week Nifty gyrated between 18493 and 18256. On the OI (Open Interest) front, long unwinding built-up was witnessed in Nifty over the week gone by as there was […]

Shubham Agarwal Options are looked at as excellent instruments for taking trades as well as hedging risk on trading as well as investment positions. However, we can also use Options to lock profits. The issue at hand is that we now stand with major index Nifty sitting on little less than 10% rise from the […]

The Nifty ended with moderate losses on November 18 to close 36 points down at 18,308, continuing the downtrend for the second day. After the initial uptick, the Nifty traded lower for the rest of the session and formed a bearish candle on the daily charts though it managed to hold the crucial 18,300 level. […]

KIMS Hospitals is in a clear higher high, higher low formation indicating bullish undertone 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){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] < 0){ $ […]

Tata Coffee shares rallied more than 4 percent to Rs 231, the highest closing level since September 15 and formed long bullish candle on the daily charts with healthy volumes. Sunil Shankar Matkar November 18, 2022 / 06:30 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 Nifty closed 66 points lower at 18,344 on November 17 as selling in late trade weighed on the sentiment amid lacklustre global cues. All sectoral indices, barring PSU, closed in the red, with auto and IT names losing the most. The index, however, defended 18,300 and formed Doji candle on the daily charts as […]

GIC Housing seems to be breaking out of a downwards sloping parallel channel pattern on the weekly timeframe after one and a half years and on the daily timeframe the stock seems to be breaking out of a consolidation which can be used as a confluence towards the bullish view. Vishal Wagh November 17, 2022 […]

Union Bank of India shares gained 4.7 percent to close at Rs 66, forming long bullish candle on the daily charts with above average volumes. The stock closed above the median of Monday’s red candle, may be indicating positive mood. Sunil Shankar Matkar November 17, 2022 / 06:24 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

The Nifty moved within a 100-point range throughout the session before closing flat on November 16 as global markets were cautious after a missile strike on Poland. Two people were killed in Poland by a missile strike, raising fears of a widening conflict but preliminary reports indicated the weapon was fired by Ukraine to intercept a […]

IRB Infrastructure Developers is again gaining momentum after building a strong base at Rs 200 mark. On the weekly chart, we can observe a breakout of the Flag formation, while there is a breakout of the bullish Inverse Head and Shoulders formation on the daily chart. Pravesh Gour November 16, 2022 / 06:40 AM IST […]