Category: India

The Nifty50 has been in the range of Budget day (17,353-17,972) for fifth day in a row. Therefore, unless and until it takes out decisively the high of that day, the volatility and rangebound trade is likely to continue with crucial support at 17,700-17,550 area, experts said. Sunil Shankar Matkar February 08, 2023 / 05:19 […]

The monetary policy acts with lags, it may take 3-4 quarters for the policy rate to be transmitted to the real economy, and the peak effect may take as long as 5-6 quarters, said Dhiraj Relli of HDFC Securities. Sunil Shankar Matkar February 08, 2023 / 01:33 PM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

Action Construction Equipment is coming out of 11 days of consolidation with heavy volume followed by a breakout of the Bullish Inverse Head & Shoulder formation. The overall structure of the counter is very classical on the daily chart. Pravesh Gour February 08, 2023 / 06:27 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Oil India shares climbed 4.5 percent to Rs 225 and formed strong bullish candle on the daily charts with above average volumes. Also there was Morning Star kind of pattern formation after recent correction, which is bullish reversal pattern. Sunil Shankar Matkar February 08, 2023 / 06:30 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

The Nifty50 has been rangebound for the fourth straight session. If the index decisively surpasses 17,800 then 18,000 can be the next possible resistance for the Nifty, with crucial support area of 17,600-17,550 levels, say experts Sunil Shankar Matkar February 07, 2023 / 05:12 PM IST The Nifty50 extended a downtrend for yet another session […]

Accumulation was seen in Just Dial since January 16 where volumes are sharply higher on up days as compared to down days. Short term trend of the stock is positive as stock price is trading above its 5 and 20-day EMA. Nandish Shah February 07, 2023 / 06:54 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] […]

Procter & Gamble Health shares had a robust gap up opening on Monday, rising nearly 15 percent to Rs 4,703, the highest closing level since February 16, 2022. In fact, the gap up opening has helped the stock climb over all long term moving averages (50, 100 and 200 EMA). The stock has formed strong […]

The volatility is likely to continue in coming sessions too with support at 17,700 followed by crucial support at 17,550 level, whereas the resistance is expected at 17,800-18,000 area, experts said. Sunil Shankar Matkar February 06, 2023 / 05:09 PM IST The Nifty50 lost ground after a day of sharp rebound and fell half a […]

The Adani group, other domestic events as well as international developments will have a bearing on the market this week Sameet Chavan February 06, 2023 / 06:01 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’] >= […]

In the near term, the index is expected to take support at 17,600, which has been holding quite well on every closing in the past six consecutive sessions, with resistance at the 18,000-18,250 zone Sunil Shankar Matkar February 06, 2023 / 09:46 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

On February 3, Supreme Industries gained over 3 percent to close at a record high of Rs 2,630, Mahindra Lifespace Developers gained 9 percent to Rs 380 and AAVAS Financiers was up more than 7 percent at Rs 2,000 Sunil Shankar Matkar February 06, 2023 / 06:02 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

While we can expect some temporary relief in frontline Adani stocks like Adani Enterprises, Adani Ports, Ambuja Cement, and ACC, there are still no signs of reversal in the other stocks of the group. Sunil Shankar Matkar February 06, 2023 / 07:40 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

The upcoming week can be approached with a low-risk strategy like modified Put Butterfly in Nifty. Shubham Agarwal February 06, 2023 / 06:23 AM IST The Nifty closed the week ended February 3 around 17,877 with a gain of 1.07 percent. During the week, the index gyrated between 18,064 and 17,472. On the OI (Open Interest) […]

As long as the Nifty stays above 17,650, a further pullback rally is possible in the coming sessions Sunil Shankar Matkar February 03, 2023 / 06:07 PM IST The Nifty climbed to a week’s high on February 3 despite a mixed trend in the global market, driven by buying in banking & financial services, auto, […]

Welspun India shares rallied nearly 9 percent to Rs 70 and formed robust bullish candle which resembles Bullish Engulfing kind of pattern formation on the daily charts with large volumes after taking a support in previous session at horizontal support trendline adjoining lows of May 26, 2022 and February 1, 2023. Sunil Shankar Matkar February […]

PNC Infratech’s stock price has broken through its previous swing high of Rs 335 (January 16, 2023), indicating a potential change in trend towards positive side. This move also validates the continuation previous pattern of Higher Highs and Higher Lows. ‘); $ (‘#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’] […]

If the index fails to hold above 17,500, a fresh selloff is likely with the Nifty expected to retest 17,380-17,350, market experts said Sunil Shankar Matkar February 02, 2023 / 05:40 PM IST The Nifty continued to see range-bound trade and closed flat on February 2, as selling pressure on Adani group stocks continued to […]

Britannia Industries has formed a Bullish Harami pattern on the daily chart, suggesting a rise in optimism. Furthermore, the price has remained above the 50EMA on daily basis. Kunal Shah February 02, 2023 / 07:45 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){ // […]

KEI Industries shares gained nearly 3 percent to end at record closing high of Rs 1,661 and formed bullish candle on the daily timeframe with long upper and lower shadows, with above average volumes. It has seen higher high higher low formation for fourth consecutive session. Sunil Shankar Matkar February 02, 2023 / 07:48 AM […]

The index remains in a sell-on-rise mode. Immediate resistance is at 17,700-17,750 and support is at 17,400, Rupak De of LKP Securities has said February 01, 2023 / 05:13 PM IST Representative image. The Nifty saw some wild swings on February 1 as Finance Minister Nirmala Sitharaman presented the budget for financial year 2023-24. It […]