Category: India

The Nifty closed the week on a negative note. During the week, it gyrated between 17,367-16,927. It witnessed a short build-up on the OI (open interest) front over the week gone by as there was an increase in OI. On the other hand, the Bank Nifty gained about 0.39 percent as it closed the week […]

Corporate earnings is an event that comes along every quarter. While this development does change stock price expectation, it also is a source of volatility due to the change in performance of the company declaring result. This volatility and the expectation of such volatility priced into Options of the stock provides us with many trading opportunities […]

The Nifty50 on October 14 rebounded quite sharply to scale above 17,300 in the opening trade but lost some gains in the later part of the session to end off the day’s high. The rally across global counterparts, a good start to the corporate earnings season by IT companies, and buying in banking & financial services, […]

Triveni Engineering was also in action, rising nearly 4 percent to Rs 286.35 and moved closer to the high of September month, forming strong bullish candle on the daily charts with above average volumes. Sunil Shankar Matkar October 14, 2022 / 07:13 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

Borosil has started to get into Higher High, Higher Low formation which tells that the stock has shown a bounce on the upside after retesting the neckline of inverse head and shoulders pattern in October 2022 that indicates a continuation in the prior uptrend. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

The Nifty50 remained under selling pressure throughout the session on October 13 and fell more than 100 points, but defended not only recent low of 16,950 but also 200 days moving average (DMA – 16,987), tracking weak Asian cues. If these levels get broken then sharp selling pressure can’t be ruled out in coming sessions, […]

Triveni Turbine shares gained nearly 5 percent to Rs 266.30, trading near all-time high and formed bullish candlestick pattern on the daily charts. On monthly charts, there was Three White Soldiers kind of pattern formation. Sunil Shankar Matkar October 13, 2022 / 08:43 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Zydus Wellness has recently given a triangle pattern breakout near its long term support area on the weekly timeframe. The 200 EMA is at Rs 1,680 and the stock is comfortably sustaining above it, which can be used as a confluence to the bullish view. Vishal Wagh October 13, 2022 / 07:09 AM IST ‘); […]

Representative Image The Nifty closed 140 points higher at 17,123.60 on October 12 after three straight days of losses but experts say for the upmove to sustain, the index will have to hold on to the psychologically vital 17,000 mark in the coming days. The index, which took a beating in the previous session, got […]

FII flows, global cues, along with currency markets, will play a vital role in deciding the market direction Pravesh Gour October 12, 2022 / 06:15 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’] >= 0){ $ […]

PCBL was up nearly 3 percent at Rs 136.35, the highest closing level since September 20 and formed decent bullish candlestick pattern on the daily charts with higher volumes in last 13 consecutive sessions. The stock has been in an uptrend since the double bottom kind of formation. Sunil Shankar Matkar October 12, 2022 / […]

The Nifty broke the psychologically vital 17,000 mark as selling intensified on weak global cues over growing fears of a recession, with every sector closing in the red on October 11. The index opened flat at 17,256 but started drifting lower to hit the day’s low of 16,950 in late trade. The index closed 257 […]

Indicators and oscillators like MACD (moving average convergence and divergence) and RSI have turned bullish on the weekly charts. KIMS is placed above all important moving averages, indicating bullish trend on all time frames. Vinay Rajani October 11, 2022 / 06:18 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Cochin Shipyard erased gains but still closed in green with 0.4 percent gains at Rs 527.10, forming small bodied bullish candle which resembles Shooting Star kind of pattern on the daily charts which is trend reversal pattern. Sunil Shankar Matkar October 11, 2022 / 06:20 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

The Nifty pulled back from the opening lows to narrow the losses and closed 0.43 percent lower at 17,241 on October 10, as traders turned cautious ahead of the release of the minutes of the US Federal Reserve meeting later in the week and earnings season. The index opened more than 200 points down at 17,094 […]

Rajesh Palviya of Axis Securities Bharti Airtel is on a strong foothold as the stock has been trading at around the upper zone of band Bollinger but the real move is yet to be seen, says Rajesh Palviya of Axis Securities. The Airtel price move is currently getting rejected near upper band and retraces back […]