Category: India

Sobha rallied 3 percent to Rs 652 and formed healthy bullish candle on the daily charts for yet another session with above average volumes. The stock has been making higher high higher lows formation for third straight session. Sunil Shankar Matkar November 16, 2022 / 06:43 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

The Nifty gained strength in the last hour of trade in a volatile session on November 15 and closed above 18,400 for the first time in 13 months on positive Asian cues and gains in banking & financial services, auto, and metal stocks. After opening higher at 18,363, the index lost momentum to slip to […]

Paper stocks have been outperforming for last couple of months and sector has been holding strength on medium to long term charts. Vinay Rajani November 15, 2022 / 06:39 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”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} […]

Ambuja Cements is currently trading near its all-time high level which tells that the stock already is in strong momentum. Sunil Shankar Matkar November 15, 2022 / 06:44 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”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] […]

The Nifty consolidated above 18,300 and closed 21 points lower at 18,329 on November 14, forming a bearish candle on the daily charts as the closing was lower than the opening level. The index moved closer to 18,400, which can play an important role in the coming session as a decisive close above the level […]

The Nifty will cross the record high, but to stay above that, the markets will need a positive news flow that will improve the macro fundamentals for the Indian markets and thereby earnings of multiples, Shrikant Chouhan of Kotak Securities says in an interview to Moneycontrol. On Bharti Airtel, technically, he think it should cross […]

Chances look bright for the Nifty50 to move towards the record high of 18,604 in the coming days if the momentum sustains and global markets support, with crucial support at the psychological 18,000 mark, said experts. They advise to continue with the ‘buy on dips’ strategy Sunil Shankar Matkar November 14, 2022 / 10:10 AM […]

Hero MotoCorp has been muted since last eighteen months now and although the picture has not completely changed as of now, we can see some early signs of revival. Sameet Chavan November 14, 2022 / 06:11 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){ […]

HDFC was the biggest gainer in the Nifty50, rising 6 percent to Rs 2,651.70 and formed robust bullish candle on the daily charts with high volumes after consolidation for several sessions. Also it has given a healthy breakout of long downward sloping resistance trend line adjoining November 15, 2021 and November 9, 2022. Sunil Shankar […]

India VIX is almost at a year-low. In a way, that is good for the market, as India VIX has a negative correlation with Nifty. In general, Lower India VIX = Lower Risk of Falling. India VIX is also called the risk index or the fear index. However, there are a few more things that […]

Representative image. The Nifty50 made an attempt to reclaim 18,300 in the early hour of trading but failed to sustain higher levels amid volatility and closed with marginal losses on November 9, as traders may be cautious ahead of US inflation numbers due tomorrow. The index has formed a sizeable bearish candle on the daily […]

ITC has given a consolidation breakout on the daily timeframe, suggesting a rise in optimism among the investors. Rupak De November 10, 2022 / 06:20 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){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= […]

Since last 5 months Mrs. Bectors Food Specialities is making higher highs and higher lows indicating up thrust in the counter. At current juncture it has reversed from 200 DEMA high and low channel indicating upside in the counter. Sunil Shankar Matkar November 10, 2022 / 06:24 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

The Nifty50 remained under pressure throughout the session on November 10, the weekly expiry day, and slipped below the 18,100 mark. Weak global cues amid caution ahead of monthly US inflation numbers, due later in the day weighed on sentiment. All sectors traded lower with Auto being the biggest loser. The index formed small bodied […]

Britannia Industries in the latest week has given a breakout of Inverse Head and Shoulder pattern, indicating beginning of the uptrend. The breakout is confirmed by the Higher volumes and a gap. ‘); $ (‘#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”); […]

Neuland Laboratories shares were locked in 20 percent upper circuit at Rs 1,694, the biggest closing level since December 10, 2021 and formed long bullish candle on the daily charts with strong volumes. Sunil Shankar Matkar November 11, 2022 / 06:45 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

The Nifty50, as expected, witnessed a gap-up opening on November 11 and finally closed near a 13-month high. The index rallied more than 300 points, tracking a sharp uptrend in global counterparts after the US reported a softer-than-expected inflation print for October at 7.7 percent. This hinted at the possibility of less hawkish rate hike […]

Rajesh Palviya of Axis Securities Rajesh Palviya of Axis Securities says his bias is still positive but there may be sector rotation within this bull market, so he advises traders to buy on dips. The short- to medium-term trend remains intact and the bullish command will take the Nifty 50 towards 18,300-18,600, the technical expert […]