Category: India

On daily charts, M&M Financial has formed long bullish candle which is broadly positive for the M&M Finance. Unless it is trading below Rs 165 or 200 days SMA, positional traders retain an optimistic stance and look for a target Rs 185-195. Sunil Shankar Matkar May 27, 2022 / 06:31 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

The Nifty snapped a three-day losing streak to end above 16,150 on May 26 on buying across sectors, barring FMCG. The index closed near the day’s high at 16,170.20, up 144.40 points, or 0.90 percent. It formed a bullish hammer candle on the daily scale with a long lower shadow, indicating buying on declines. It […]

After completing bullish ABCD Harmonic pattern near Rs 1,700 levels, Balkrishna Industries has continuously shown the strength and has taken an anchor support near its 100 – week exponential moving average on the weekly time frame. RohanPatil May 26, 2022 / 06:33 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

On indicator front, daily RSI, Container Corporation has formed double bottom near 30 levels along with implusive behaviour which means counter is ready for upside momentum. One should buy this counter in small tranche at current market price and another near Rs 600 with upside potential of Rs 700. Support can be expected near Rs […]

Phoenix Mills is outperforming the Nifty Realty index where it is on the verge of a breakout of a critical hurdle of Rs 1,150 that may lead to further strength towards Rs 1,250-1,300 zone. Santosh Meena May 25, 2022 / 07:12 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”); […]

Traders should continue to ride the trend with a trailing stop-loss method and also look to add positions on any corrective declines in Coromandel International. Sunil Shankar Matkar May 25, 2022 / 07:22 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(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

The Nifty ended below 16,150 in yet another volatile session on May 24, as the index squandered the gains to end in the red amid selling across sectors. The index ended 89.50 points, or 0.55 percent, lower at 16,125.20. It formed a small-bodied bearish candle with a long lower shadow, indicating that the tug of […]

Transport Corporation of India is placed above 20, 50 and 200 days EMA, which indicates the bullish trend on all time frames. Stock price has surpassed the previous swing high resistance of Rs 764. Vinay Rajani May 24, 2022 / 06:06 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”); […]

After a deeper correction, JSW Energy took support at Rs 240 level and has bounced sharply in the last week. On Monday, the stock has seen good price volume action and has managed to recapture above the 20 days SMA (Rs 294). Sunil Shankar Matkar May 24, 2022 / 06:11 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

Ff global market remains stable, Axis Bank is likely to give decent relief rally in the coming week. We recommend buying for a near term target of Rs 700. The strict stop-loss needs to be placed at Rs 657. Sameet Chavan May 23, 2022 / 06:07 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

Currently JK Lakshmi Cement is well placed above 20, 50 and 100 day SMA. The daily weekly strength indicator RSI is in bullish terrain which supports rising momentum. The daily “band Bollinger” buy signal indicates increased momentum. Sunil Shankar Matkar May 23, 2022 / 06:18 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ […]

Shubham Agarwal Momentum shift witnessed from bearish to bullish in Nifty as it rebounds from 15,700 again and it closed the week on a positive note around 16,275 with significant gain of around 3 percent. During the week Nifty gyrated between 16363 and 15740. On the OI (Open Interest) front, long buildup witnessed in Nifty over […]

The broader market has started to show some encouraging signs, with the Nifty Midcap 100 and Smallcap 100 indices rising 3 percent and 4 percent. This should do extremely well if the market remains above the psychological support of 16,000 Sunil Shankar Matkar May 23, 2022 / 07:39 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

Shubham Agarwal Implied Volatility or IV as it is popularly known is mentioned a lot in discussions about Options trading. IV is one such integral part of Options that may not be as important a driving force as the price of the underlying stock/index but it is required to be understood and considered while trading […]

The Nifty recovered sharply on May 20 from the selloff in the previous session, ending near the day’s high. The index finished at 16,266.20, up 456.80 points, or 2.89 percent, helped by buying across the sectors, forming a bullish candle. The Nifty has to hold above 16,161 to extend the bounce towards 16,400 and 16,666, […]