Category: India

After a long bearish trend, the pharma indices have recovered from bottom and formed “Flag & Poll” pattern, which suggests bullish strength in pharma sector. Vishal Wagh September 29, 2022 / 07:15 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”); // […]

The Nifty50 has witnessed significant amount of Call writing at higher levels and there has not been enough Put writing at the lower end to find a meaningful support on the derivative front. The uptrend will resume only once we close above the level of 17,100. Kunal Shah September 29, 2022 / 07:49 AM IST […]

The Nifty50 on September 28 extended weakness for the sixth consecutive session to hit a two-month low, and closed below the psychological 17,000 mark with a nearly one percent loss, ahead of a day of monthly expiry of September futures and options contracts, tracking consistent nervousness in global counterparts. The index has formed a Doji kind […]

PSP Projects is taking trend-line support on the daily chart and has a strong bullish setup. It has retested its previous breakout Rs 586 level after hitting a fresh all-time high. Pravesh Gour September 28, 2022 / 06:34 AM IST Stock Market News ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Muthoot Finance was the fourth biggest gainer in the futures & options segment, rising nearly 6 percent to Rs 1,012 and formed Bullish Engulfing kind of pattern on the daily charts after taking support at around Rs 950 levels. Sunil Shankar Matkar September 28, 2022 / 06:35 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

After being oversold, the Nifty50 showed decent recovery but failed to hold those gains amid volatility and settled flat with a negative bias on September 27. However, the index has defended not only the psychological 17,000 mark but also 16,950 (the low point of gap up area created on July 29) and the 200-day simple […]

Indicators and oscillators have turned bearish on the daily charts in Coromandel International. Fertilizers and chemical stocks have started underperforming. Vinay Rajani September 27, 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’] >= […]

Avenue Supermarts shares rose 0.2 percent to Rs 4,375.3 and formed small bodied bullish candle on the daily charts, while Westlife Development rose 2.76 percent to Rs 694.4 and saw bullish candlestick pattern on the daily charts with higher volumes. Sunil Shankar Matkar September 27, 2022 / 06:19 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

(Image: Reuters) The Nifty50 had a gap down opening and plunged more than 300 points for a second consecutive session as bears held tight control over Dalal Street, tracking southward journey in global counterparts amid rising recession fears in the western world. Consistent FII selling and weakening currencies with the strengthening dollar also dampened equity […]

Surpassing 80 levels is a clear-cut breakout on the USDINR chart, chances are high that USDINR pair could reach the target of 82, Vinay Rajani of HDFC Securities says in an interview to Moneycontrol. The day saw the Indian currency opening to a record low of 81.55 to a dollar. The ICE dollar Index is […]

The market had started the week ended September 23 on a mild note, taking cues from the weak global markets, but the dip augurs well for the bulls initially, and the Nifty has seen two consecutive days of positive closure. As the week progressed, markets seemed tentative at the higher grounds, and the weakness in […]

Given the subdued environment, the index may touch its August lows of around 17,150 and if that gets broken, then falling below psychological 17,000 mark can’t be ruled out in coming sessions, with hurdle on the upside at 17,700-17,800 levels Sunil Shankar Matkar September 26, 2022 / 07:51 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

EIH was the second stock which rose 2 percent to Rs 199, the highest closing level since September 7 and formed bullish candlestick pattern on the daily charts, while Butterfly Gandhimathi Appliances climbed 7 percent to end at record closing high of Rs 1,708 and formed decent bullish candle on the daily charts. Sunil Shankar […]

Shubham Agarwal Markets have been good most of the time after the Covid shock. Hence, the drop in the indices may seem a bit out of the ordinary. However, looking at global uncertainties, one may anticipate further drops from where we are. This is one of those times when the markets have already fallen and […]

The Nifty ended deep in the red on September 23 as well, tracking weakness in global peers amid mounting recession fears following aggressive policy tightening by the US Federal Reserve and other central banks. The index closed 302 points, or 1.7 percent, lower at 17,327. For the week, it was down 1.16 percent and formed […]

The Nifty IT index is trying to create a base around the 26,200 level, but there is still a risk of another 10 percent fall in the benchmark of information technology before it reverses, says Santosh Meena of Swastika Investmart. A further 10 percent fall will complete a 50 percent retracement of the post-COVID rally, […]

CG Power prices after a breakout from double bottom pattern on July 2022 retested the neckline of the pattern and have shown a bounce on the upside, indicating continuation of prior uptrend. ‘); $ (‘#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”); […]

Tata Chemicals was the second largest gainer in the futures & options segment. closing nearly 5 percent higher at Rs 1,150. The stock has seen a robust bullish engulfing candlestick pattern on the daily charts with above average volumes. Sunil Shankar Matkar September 23, 2022 / 07:54 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

Range-bound trade is expected to continue in coming sessions but a break of 17,400-17,500, can drag the index to 17,200-17,300, while on the upside, 17,820 will act as a crucial hurdle Sunil Shankar Matkar September 22, 2022 / 05:30 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 […]