Category: India

The Nifty opened sharply higher to move towards 16,800 following a rally in Asian counterparts but squandered the gains in the last hour to close 44 points down at 16,584. The index formed a bearish candle on the daily charts. If the selling pressure sustains, it can slip below 16,400, which could reverse the trend […]

For Nifty, the immediate resistance is at 16,700 and 16,975 followed by 17,132. The downside support is at 16,370, 16,000 and 15,671 levels ‘); $ (‘#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(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] 0) { var resStr=”; var url = ‘//www.moneycontrol.com/mccode/common/saveWatchlist.php’; […]

On June 2, Century Textiles is not only cleared the resistance of 200 days simple moving average (SMA), but successfully closed above the same. It also formed long bullish candle which supported further uptrend from the current levels. Sunil Shankar Matkar June 03, 2022 / 06:58 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

The Nifty gained more than 100 points on June 2 despite weakness in its Asian counterparts, with IT, metal, pharma stocks and index heavyweight Reliance Industries leading the rally. The index opened lower at 16,482 but gained strength to extend gains to 16,646, the intraday high. The index settled at 16,628, up 105 points. It […]

In case of Torrent Power, momentum oscillator RSI (14) has shown a strong rebound on the daily chart from the oversold values and currently has closed above 50 levels with bullish crossover. RohanPatil June 02, 2022 / 07:02 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’] = […]

Volatility is expected to remain high as India VIX remains above the 20 mark Sunil Shankar Matkar June 02, 2022 / 07:02 AM IST Reliance Industries: Reliance Brands and Plastic Legno SPA sign JV for toy manufacturing business. Reliance Brands and Plastic Legno SPA have signed a joint venture through which Reliance Brands will acquire […]

India VIX was up by 1.79 percent at 20.85 levels. The Nifty50 closed yet another session in negative terrain on June 1 and formed a bearish candle on the daily charts, though there was a smart recovery from the day’s low of 16,439. Hence, experts feel 16,400 is expected to be critical support for the […]

Representative image. The Nifty50 snapped three-day gains and closed around half a percent lower on May 31, after a mixed trend in global counterparts. Banking and financial services, and select pharma and IT stocks pulled the market down, whereas buying in auto, metal and select FMCG stocks capped losses. The index has formed an Inside Bar […]

The Nifty50 opened sharply higher above 16,500 and stayed strong throughout the session to close with more than 300 points gains on May 30, extending gains for the third straight day, following positive global cues and a fall in the US dollar index. The 50-share index has formed a bullish candle on the daily charts […]

Experts largely hope the index to remain in a broad range of 15,700-16,400 levels but if it decisively surpasses the upper band of the range, then there could be a possibility of the index moving towards 16,600-16,800 levels in the coming days Sunil Shankar Matkar May 30, 2022 / 09:57 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

From the two-wheeler space, we have been closely tracking ‘Hero MotoCorp’ as it maintained its sturdy structure by showing series of higher highs higher lows. With Friday’s upsurge, the stock prices finally managed to traverse the ‘200-day SMA’ (Rs 2,600) for the first time after March 2021. Sameet Chavan May 30, 2022 / 06:42 AM […]

Movers & Shakers, Slideshow, buzzing stocks Shubham Agarwal Mild positive mood is prevalent on Nifty as prices recovered from a low of about 15885 and closed the week on a positive note around 16338 with gain of around 0.52%. During the week Nifty gyrated between 16398 and 15885. On the OI (Open Interest) front, long build […]

With Friday’s up move, Page Industries has recaptured 20 and 50 day SMA and rebounded sharply. Huge rising volumes on price rise signifies increased participation in the rally. The daily strength indicator RSI has turned bullish indicating rising strength. Sunil Shankar Matkar May 30, 2022 / 06:50 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

When it has been a lot of days if not weeks of falling stocks or index, we do look for a relief. These come in naturally most of the times. Some of the sellers may book profit near the pivotal levels and the fall just halts. However, when there is a sequence of such fall […]

TVS Motor has given a breakout of an Inverted Head & Shoulder pattern on the weekly charts. The stock has sustained at 5 months high, indicating positive undertone of the stock. On the daily charts, the stock is maintaining higher top higher bottom formation. ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]