Category: India

Colgate Palmolive formed strong bullish candle on the daily scale with robust volumes as it jumped nearly 4 percent to Rs 1,630, the highest closing level since May 2. The stock has also seen a breakout of long downward sloping resistance trendline adjoining July 23, 2021 and May 2, 2022. Sunil Shankar Matkar August 30, […]

The Nifty ended lower on August 29 as US Federal Reserve chairman Jerome Powell’s hawkish stance on interest rate hikes triggered a global selloff. The index closed 246 points lower from the previous session at 17,313. The index opened sharply lower and slipped to 17,166 but managed to narrow the losses by the end of […]

DCB Bank share price surged 9.5 percent to nearly Rs 98 and has seen formation of robust bullish candlestick pattern on the daily charts with high volumes after giving a break out of long downward sloping resistance trend line in previous session, adjoining January 6, 2021 and July 29, 2022. The stock continued its run […]

As long as the Nifty stays above the key support of 17,350, there is no reason to worry but a breach can see take the index to 17,100–17,000 Sameet Chavan August 29, 2022 / 06:12 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){ // […]

Stock pickers will have fun through the next few months, believes Shrikant Chouhan of Kotak Securities. “Whenever the market is under the influence of news flows from global markets, we see action or momentum shifting to mid-cap and small-cap stocks from large-cap companies,” says Chouhan, based on his 24 years of experience in equity and derivatives research. […]

There could be some kind of weakness or profit-booking in the coming sessions, followed by high possibility of consolidation and volatility, before showing any upward direction towards 18,000 mark, experts said Sunil Shankar Matkar August 29, 2022 / 07:25 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 […]

Shubham Agarwal Options trading has become popular with a lot of traders, especially in past few years. While a lot of us do have many Options trading positions based on our trading portfolio allocation, our concentration is always on the price of the underlying whose options we are trading. They say most of the losses […]

The Nifty50 remained volatile and rangebound for yet another session on August 26, the first day of the September series. In fact, the same trend continued after the correction from the recent swing high of around 18,000. The market participants may be waiting for the speech by Fed Chair Jerome Powell at Jackson Hole to […]

We expect the ZEEL share price to go higher till the level of Rs 308 where the stop-loss must be at the level of Rs 237 on the closing basis, said Vidnyan Sawant, AVP – Technical Research at GEPL Capital ‘); $ (‘#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’] […]

On daily charts, United Spirits has formed a double bottom formation. After that formation, the stock bounced back sharply. On last Thursday it rallied over 5 percent. However, the short term texture of United Spirits is still non-directional. Sunil Shankar Matkar August 26, 2022 / 07:14 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

The Nifty50 was looking to extend gains above the 17,700 mark on August 25, but the selling pressure in late trade amid increasing volatility wiped out all those gains and it closed with half a percent loss on the monthly F&O expiry day. The correction was despite positive global cues ahead of the Jackson Hole meeting. […]

Kirloskar Oil Engines prices sustained above 21-day exponential moving average which is placed at Rs 160 levels. The counter is also trading near the upper band of the Bollinger band indicating a possible continuation of the uptrend after recent consolidation. RohanPatil August 25, 2022 / 08:28 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Ujjivan Financial Services jumped more than 6 percent to close at more than one year high of Rs 196 and formed a robust bullish candlestick pattern with large volumes, while Tejas Networks was up more than 6 percent to Rs 525 and formed a strong bullish candlestick pattern on daily charts with robust volumes. Sunil […]

The Nifty on August 24 managed to close in the green amid consolidation and volatility ahead of the expiry of August derivative contracts. The index ended up 27.50 points, or 0.16 percent, higher at 17,605 and formed a bullish candlestick on the daily charts, continuing recovery from the recent low for the second consecutive session. […]