Category: India

GAIL India shares hit Rs 100 mark after a long time and rallied more than 3 percent to Rs 102.25, the highest closing level since May 20, 2022 and has formed long bullish candle on the daily charts with strong volumes, with higher high formation for fifth consecutive session. Sunil Shankar Matkar January 24, 2023 […]

The Nifty has to decisively surpass the last week’s high of 18,184 to gain momentum. Initial hurdles will be 18,200 and 18,300, while support will be at 18,000, experts said Sunil Shankar Matkar January 23, 2023 / 05:10 PM IST The Nifty traded higher on January 23 on widespread buying and positive Asian and European […]

Vinay Rajani of HDFC Securities “Since Nifty made bearish ‘Engulfing candlestick’ on the monthly charts in December 2022 and India VIX is trading at the lower-end currently, the chances of directional move on the downside is more than on the upside,” Vinay Rajani of HDFC Securities tells Moneycontrol in an interview. To negate the downtrend, […]

Last week, the Nifty gyrated between 18,224 and 17,887. On the OI (Open Interest) front, a marginal long build-up was witnessed in the Nifty January Futures over the week gone by as there was an increase in OI. On the other hand, the Bank Nifty January Futures gained marginally, about 0.12%, closing the week at […]

Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for Sunil Shankar Matkar January 23, 2023 / 09:11 AM IST Stock-specific action is expected to continue this week, given the ongoing corporate […]

Taking a glance at the rising volumes, we expect the momentum to extend in Dabur India in the forthcoming week. Sameet Chavan January 23, 2023 / 06:31 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’] >= […]

Swan Energy was in focus last week, rising 11 percent to at record closing high of Rs 362 and formed large bullish candle on the weekly timeframe with above average volumes. It has seen a breakout of horizontal resistance trend line adjoining May 2, 2022 and January 2, 2023. Sunil Shankar Matkar January 23, 2023 […]

Traders are trend seekers. Moves in the market everyday gives us traders the stimulus to the trend in the making. However, it is always to be or not to be question. This is because while the current move may not necessarily continue tomorrow. Variety of studies go into figuring out the life and more importantly […]

Representative image. The Nifty lost momentum and extended the downtrend for the second consecutive session on January 20 despite some positive global trends. Selling in FMCG, metal, pharma, auto and select technology stocks weighed down the index. After opening higher, the index hit the day’s high of 18,145 but squandered the gains in the afternoon […]

SAIL was up 1.5 percent at Rs 92.1, the highest closing level since May 5, 2022 and formed decent bullish candle on the daily charts with higher high higher low formation for second consecutive session. It has given a nice breakout of ‘Mother Candle’ formed on January 2 in previous session and maintained uptrend for […]

Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum. ‘); $ (‘#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”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else […]

The Nifty ended lower on January 19 after a healthy pullback in the previous session on negative global cues as US Fed officials retained a hawkish stance to bring inflation down. The index opened lower at 18,120 and moved in the 18,155-18,064 range. The index finally settled 58 points lower at 18,108. Most sectors, barring […]

Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal. Kunal Shah January 19, 2023 / 06:49 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > […]

APL Apollo Tubes has formed long bullish candle on the daily charts with above average volumes, making higher high higher low for second straight session with momentum oscillator RSI trading above 60 level. Sunil Shankar Matkar January 19, 2023 / 06:55 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

Representative image. The Nifty50 has extended the uptrend for the second consecutive session and given a decisive close above 50 DEMA (Day Exponential Moving Average – around 18,100) with above average volumes, forming a decent bullish candle on the daily charts, making higher high higher low formation for the fourth consecutive session on January 18. It […]

Speciality Restaurants has broken a horizontal trend line resistance on the daily chart and has a strong bullish setup. It has retested its previous breakout level of Rs 240 after hitting a fresh all-time high. Pravesh Gour January 18, 2023 / 06:41 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

IIFL Finance has made long bullish candlestick pattern on the daily charts with strong volumes, making higher high for fourth consecutive session. It has seen a breakout of horizontal resistance trend line adjoining multiple touchpoints – November 28, December 27, 2022, January 2, and January 13, 2023. Sunil Shankar Matkar January 18, 2023 / 06:48 […]

The Nifty50 on January 17 recovered all its previous day’s losses and added more gains as the day progressed to close above the psychological 18,000 mark for the first time in the last six straight sessions. The index has formed a long bullish candle on the daily charts making higher high higher low formation for […]

HIL has surpassed the crucial resistance of its 50-day EMA (Rs 2,730). It has also confirmed higher top and higher bottom formation on the daily chart. Price has been rising with healthy volumes. Vinay Rajani January 17, 2023 / 06:59 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”); […]