Category: India

The Nifty closed in the red yet again on February 28, extending losses for the eighth session in a row and also ending the month 2 percent down. The index opened lower at 17,383 but made some recovery only to squander the gains amid volatility. It dropped to the day’s low of 17,255 in the […]

Primary trend of OIl India is bullish as it has been trading above its 50, 100 and 200-day EMA. For last couple of weeks, stock is consolidating in the narrow range with lower volumes. Vinay Rajani February 28, 2023 / 06:47 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Mphasis fell more than 7 percent to Rs 2,040 and formed large bearish candlestick pattern on the daily charts, with robust volumes. With Monday’s fall, the stock dropped below all key moving averages and closed at more than a month low level. Sunil Shankar Matkar February 28, 2023 / 06:51 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

The Nifty traded lower for the seventh day but managed to narrow losses in last-hour buying to close 73 points down at 17,393 on February 27. The index, which opened lower and remained under pressure throughout the session,  formed a bearish candle with a long lower shadow, which resembled Hammer pattern formation on the daily […]

The Nifty was trading deep in the red on February 27 afternoon as the market remained under pressure for the seventh consecutive session, weighed down by auto, technology, FMCG, metal, pharma and oil & gas stocks. The index broke the budget day’s low of 17,353, which coincides with the 200-day moving average (DMA), suggesting more […]

Olectra Greentech which surged more than 19 percent to Rs 480, the highest closing level in last one month, and formed strong bullish candle on the daily scale with significantly higher volumes, continuing uptrend for second straight session after taking support at low of September 21, 2021 in previous session. Sunil Shankar Matkar February 27, […]

The next support is placed at 200-day SMA of 17,368, which coincides with Budget day’s low, as breaking this may drag the Nifty towards 17,000 level, whereas the near-term resistance is expected at 17,600 followed by 17,700-17,800 Sunil Shankar Matkar February 27, 2023 / 08:48 AM IST Nifty may trade in 17,200 to 17,700 zone […]

PB Fintech has shown a rebound after testing the neckline of the Cup & Handle pattern, which had given a breakout two weeks prior – a reversal pattern. This breakout is further confirmed by higher trading volumes. 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’] < […]

Nifty closed the week, around 17,562, losing about 2.75 percent. During the week, the index gyrated between 18,112-17,510. On the OI (open interest) front, a short build-up was witnessed in the Nifty Jan Futures in the last week as there was an increase in OI, with losses witnessed on weekly closing basis. On the other hand, […]

Indices fall into a consolidation rut every few months. And investors end up getting used to trading small. Small in terms of horizons, targets and stop losses. However, it turns a little tricky when the indices and majority of heavyweight stocks come around the edge of the range (especially the lower edge of the range). […]

The Nifty closed in the red again on February 24, capping a week of losses as the index slipped 478 points in the biggest weekly fall since June 2022. A subdued global economy and a hawkish US Federal Reserve dented the sentiment. The index opened higher and climbed to the day’s high of 17,600 in […]

The stock, which closed at Rs 449, has gained more than 26 percent this calendar year, while Nifty Auto is up 2 percent Sunil Shankar Matkar February 24, 2023 / 03:59 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 if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ […]

Linde India’s correction post April 2022 was structured, with no signs of a Lower Low, Lower High formation. The stock recently broke out of an Inverse Head and Shoulder pattern, signaling a potential reversal and continuation of the prior uptrend. 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”); […]

Sonata Software after couple of days break rebounded sharply by more than 5 percent and formed long bullish candle on the daily charts with healthy volumes. The stock traded above all key moving averages, indicating positive mood among participants. Overall the stock has been in a momentum since the start of this calendar year. Sunil […]

The Nifty extended losses for the fifth straight session and closed at a four-month low amid volatility on February 23, the monthly expiry day for futures & options contracts, after hawkish RBI and US Fed commentaries weighed on the investors. After opening higher at 17,575, the Nifty slipped to the day’s low of 17,455 but […]

Equitas Small Finance Bank price has been hovering near the upper Bollinger band, which points to rising volatility in the counter Sunil Shankar Matkar February 23, 2023 / 04:15 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 if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} […]

Glenmark Pharma is on the verge of a breakout from a long consolidation period. The stock has also witnessed a fresh, built-up position in the F&O space. Rupak De February 23, 2023 / 07:10 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){ // $ […]

Cyient was also in focus, rising over 2 percent to Rs 974, and formed bullish candle on the daily charts with above average volumes. The stock has been making higher highs higher lows formation for third consecutive session, with trading above all key moving averages. Sunil Shankar Matkar February 23, 2023 / 07:14 AM IST […]

Bank Nifty opened on a negative note at 40,494 and remained under sustained selling pressure from the initial tick of the session. The Nifty50 saw a sharp gap down opening on February 22, and closed with the biggest single-day loss since January 27, ahead of the monthly expiry of February futures & options contracts tomorrow. […]

Stock Market Today: The Nifty50 had a gap-down opening and remained under pressure, forming a long, bullish candlestick pattern on the daily charts on February 22. Traders seem to be cautious ahead of the FOMC minutes due tonight as well as the RBI monetary policy meeting minutes, also due later today. Fresh nuclear warnings issued […]