Category: India

The Nifty extended gains for yet another session and closed 50 points higher at 17,787 on October 28, supported by auto and oil & gas stocks but selling in banks, metal, technology, and pharma stocks limited upside The index formed a small-bodied bullish candlestick on the daily charts but failed to hold the crucial 17,800 […]

JSW Steel was also in action and was the biggest gainer in the Nifty50, rising 5.5 percent to Rs 680 on Thursday on top of 3 percent gains in previous two trading sessions. The stock has seen formation of strong bullish candle on the daily charts with healthy volumes. Sunil Shankar Matkar October 28, 2022 […]

Bharat Forge, post August 2021, corrected with decreasing volumes. This tells that the stock has weak supply. ‘); $ (‘#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){ $ […]

The Nifty50 recovered the previous day’s losses to close half a percent higher at 17,737 despite mixed global cues on October 27, the expiry day for monthly futures & options contracts. It formed a small-bodied bearish candle that resembled the Hanging Man pattern on the daily charts, which is a bearish reversal pattern that appears […]

MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume. Sunil Shankar Matkar October 27, 2022 / 11:26 AM IST Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

If the Nifty closes above 17,800 on the weekly scale, it may touch 18,400 in a couple of weeks but a close below 17,400 can see it slide to 17,000 Jigar Patel October 27, 2022 / 06:14 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’] < […]

Punjab National Bank shares have climbed 5 percent to Rs 43.3, their best closing since October 27, 2021, and formed a bullish candle on the daily charts but is it enough? Read on Sunil Shankar Matkar October 27, 2022 / 06:21 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

The markets will continue to track the direction of the global markets, the dollar index, US bond yields, and crude oil prices, while on the domestic front, Q2 earnings will be key. Pravesh Gour October 26, 2022 / 02:58 PM 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 […]

Though the PSU banking space has seen a sharp rally of nearly 20 percent in a short span, and the low-hanging fruits are gone, Angel One is still positive. In fact, Sameet Chavan, chief analyst of technicals and derivatives at Angel One, advises a buy-on-decline strategy for quality stocks within the PSU banking space. In […]

Though the PSU banking space has seen a sharp rally of nearly 20 percent in a short span, and the low-hanging fruits are gone, Angel One is still positive. In fact, Sameet Chavan, chief analyst of technicals and derivatives at Angel One, advises a buy-on-decline strategy for quality stocks within the PSU banking space. In […]

The Nifty50 lost momentum after the initial hour of the rally and remained under pressure throughout the session, forming a bearish candle which resembles a Bearish Belt Hold kind of pattern on the daily charts on October 25. This pattern is generally getting formed in an upward trend. The index erased half of its Muhurat […]

With Friday’s strong move, SBI Life stock prices managed to traverse the ’20-day EMA’ (exponential moving average), which is an indication of further strength in current week. Sameet Chavan October 25, 2022 / 08:24 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){ // $ […]

Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes. Sunil Shankar Matkar October 25, 2022 / 08:33 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 Nifty closes the week on a positive note, around 17574, with a gain of around 2.21 percent. During the week Nifty gyrated between 17665 – 17100. On the OI (Open Interest) front, long built-up was witnessed in Nifty over the week gone by as there was an increase in OI. On the other hand, Bank […]

The Nifty50 had a strong gap up opening and held the 17,700 mark throughout the Muhurat trading session for Samvat 2079 on October 24, tracking positive global mood. But the index has formed Doji candle on the daily charts as the closing was near its opening levels, indicating indecisiveness among bulls and bears about future market […]

Finolex Cables surged 10 percent to close at Rs 495, the highest closing level since February 9, 2022, and formed a large bullish candlestick pattern on the daily charts with robust volumes. Sunil Shankar Matkar October 24, 2022 / 05:24 PM 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”); […]