Category: India

The Nifty ended 63 points lower at 18,083 on November 2 after four straight days of gains as banks, auto, FMCG, and IT stocks came under pressure. The index, however, managed to hold on to the psychologically vital 18,000 mark, which will act as a crucial level on either side, experts said. The Nifty formed […]

Pudumjee Paper Products is coming out of one year of consolidation with heavy volume. The primary trend is bullish and there is a breakout of a Bullish Flag formation on the weekly time frame, which may lead to a fresh expansion phase. Pravesh Gour November 02, 2022 / 06:18 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

Options are wonderful instruments. They promise unlimited profit (in theory at least) and limited losses. However, with multiple strike prices available it becomes tricky to choose one best suited for us. We all know that options premium is impacted by the passage of time. So, it is important to consider how much time is left […]

PSU banks, auto and pharma indices look strong on the medium-term charts and they are likely to perform well in the near future, according to Vinay Rajani of HDFC Securities. With the recent rally, the support for the Nifty has shifted up to 17,800, which happens to be the previous swing high, says the seasoned financial […]

NTPC was the third biggest gainer in the futures & options segment, climbing 5 percent to Rs 182, the highest level since December 2009. It has formed large bullish candlestick pattern on the daily charts with strong volumes. In fact the volume was above average for fourth consecutive day. Sunil Shankar Matkar November 02, 2022 […]

The Nifty ended 133 points higher on November 1 at 18,145, its best closing since January, on buying in technology, metal, pharma and FMCG names. The index formed a Doji pattern on the daily charts, indicating indecisiveness among bulls and bears about the market trend. The index closed well above the psychologically vital 18,000 mark, […]

United Spirits has been forming higher tops and higher bottoms. It is placed above its 20, 50, 100 and 200 DMA (days moving average). It has broken out from downward sloping trend line on daily and weekly charts. Vinay Rajani November 01, 2022 / 06:13 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

Karur Vysya Bank shares rallied 6 percent to Rs 104, the highest closing level since February 12, 2018 and formed strong bullish candle on the daily charts with healthy volumes. Sunil Shankar Matkar November 01, 2022 / 06:16 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’] […]

Representative image The Nifty50 as expected had a strong gap-up opening on October 31 and finally closed above the psychological 18,000 mark for the first time since September 13, driven by a rally in auto, banking & financial services, technology, and pharma stocks. The robust beginning of the week was especially after consolidation last week, […]

SPARC has witnessed a consolidation breakout on the back of robust volumes and surged above all its major EMAs (exponential moving averages) on the daily time frame. Simultaneously, in the last couple of sessions, strong traction has been seen in the overall sector. Sameet Chavan October 31, 2022 / 06:06 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

Cummins India rose 3.4 percent to end at record closing high of Rs 1,293 on Friday, and forming three white soldiers kind of pattern on the daily charts with large volumes. In fact, it has broken the consolidation of several weeks on Friday. Sunil Shankar Matkar October 31, 2022 / 06:09 AM IST ‘); $ […]

The paper stocks were buzzing last week as we witnessed buying interest in some of the counters with good volumes. Satia Industries has seen a breakout from a long consolidation phase and has resumed its uptrend with a ‘Higher Top Higher Bottom’ structure Sunil Shankar Matkar October 31, 2022 / 08:10 AM IST ‘); $ […]

The Nifty closed the week gone by at 17837, with a gain of around 1.55 percent and gyrated between 17,642 and  17,887. On the OI (Open Interest) front, short covering built-up was witnessed in Nifty over the week gone by as there was an increase in OI. On the other hand, Bank Nifty gained about 0.91 percent […]