Category: India

The Nifty finally closed in the green after six sessions on June 20 but the mood in the broader space continues to be. The index opened higher at 15,334.50 and hit the day’s high of 15,382. In a volatile trade, it slipped to the day’s low of 15,191 but managed to gain the lost ground […]

If the index shows any recovery, then there could be resistance around 15,400-15,500 area, whereas it could find support around 15,200-15,000 levels, and breaking of which could create some panic in the market, experts say Sunil Shankar Matkar June 20, 2022 / 10:08 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Sun TV Network rebounded from its two years major support of Rs 400 levels. This buying was accompanied with huge volumes which signals buying support near major support zones. The stock is well placed above the 20-day SMA which remains a positive sign. Sunil Shankar Matkar June 20, 2022 / 06:23 AM IST ‘); $ […]

Ruchit Jain of 5paisa.com expects some pullback move in the market in the near term and says IT stocks can see some up move over the next two-three weeks Ruchit Jain June 20, 2022 / 06:24 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){ […]

Following a trend has been my trading motto but every few months, there comes a time when you feel that the ongoing trend may have been overdone and there could be a reversal, if not respite, ahead. I do not believe in being courageous and trying to catch a falling knife. But, I do believe […]

The Nifty index ended on a negative note for the sixth consecutive session in the extremely volatile session on June 17. The index started the day on a negative note but soon erased the losses; however, it gyrated between gains and losses throughout the session before finishing below 15,300. The index formed a Doji kind […]

IndusInd Bank is on the verge of a major breakdown from its previous multiple support zones. What is worrying is that the stock has seen rising volumes in the current downtrend, confirming the weakness. Kunal Shah June 17, 2022 / 08:09 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

The Nifty50 on June 16 fell nearly 500 points from the day’s high and breached its previous 52-week low level after the US Federal Reserve announced a 75 bps hike in the funds’ rate last night. In the process, the index formed a large bearish candle, resembling a Long Black Day kind of pattern on […]

The Nifty is trading below its 21 and 50–day exponential moving average, indicating a continuation of the downtrend RohanPatil June 16, 2022 / 06:36 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){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

Strides Pharma Science and Indraprastha Gas, which were among the top gainers in the F&O segment, and Affle formed bullish candlesticks on the daily chart on June 15 Sunil Shankar Matkar June 16, 2022 / 06:37 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){ […]

The Nifty50 made two unsuccessful pullback attempts but succumbed to selling pressure to end lower for the third straight day on June 14, as investors remained cautious a day ahead of the Federal Reserve’s interest-rate decision. After opening lower at 15,674, the index hit the day’s low of 15,659.45, also the intraday low of 2022. […]

All sectors ended in the red on June 13 as equity benchmarks closed 2.6 percent lower amid a global selloff Sunil Shankar Matkar June 14, 2022 / 06:47 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’] […]

Aditya Birla Capital has broken down from the upward sloping trendline on the daily chart, adjoining the lows of May 16 and May 26, 2022. The stock price is forming lower top lower bottom formation on the weekly chart. Nandish Shah June 14, 2022 / 06:53 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

The benchmark indices ended almost 2 percent lower on June 10; global cues are expected to influence market direction Sunil Shankar Matkar June 13, 2022 / 06:27 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’] >= […]

The Nifty closed at its lowest in the year 2022 on June 13 as a global selloff singed the Indian market over growing concerns that the Federal Reserve may go for a bigger than 50 bps rate hike with US inflation soaring to a 40-year high. After opening below the psychologically important 16,000-mark at 15,877.55, […]