Category: India

Nifty50 snapped its four-day winning streak on April 30, the first day of the May series following weak Asian cues. Rising COVID-19 cases and uncertainties surrounding vaccination also weighed on the sentiment. The index formed a bearish candle on the daily charts as closing was lower than opening levels. During the week, it gained 2 percent […]

The Nifty50 failed to hold on 15,000 but managed to close higher for the fourth successive day amid volatility on April 29, the monthly expiry day for derivative contracts. The market was supported by the Federal Reserve’s decision to keep rates at zero with continuing bond-buying programme but the rising COVID-19 cases capped upside. The […]

The Nifty50 continued its winning streak for the third consecutive session and closed near its three-week high on April 28 ahead of the Federal Reserve meeting’s outcome and expiry of the April derivative contracts. The Nifty opened in the green at 14,710.50 and extended gains as the day progressed to hit an intraday high of […]

The Nifty had a strong run-up for the second consecutive session and closed above the crucial resistance level of 14,600 on April 27 despite consistent FII selling, forming a bullish candle on the daily charts. Banking & financials and metals continued to be the leaders. The formation of a bullish candle indicates that the closing […]

Any sustainable move above 14,600 may cause a pullback towards 14,700-14,800, which should be used as an exit opportunity by short-term traders. Rajesh Palviya April 27, 2021 / 11:00 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”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] […]

The Nifty50 wiped out some of the gains in afternoon trade but managed to close a percent higher on April 26, forming a bullish candle on the daily charts as the closing was higher than opening levels. Banking & financials and metals stocks led the rally. Broader markets also traded higher, with the Nifty midcap […]

Despite the high levels of volatility and nervousness around the rising COVID cases, broader indices managed to sustain themselves over the week. On April 19, we saw heavy selling which led Nifty to plummet to 14,150, while Bank Nifty declined to 30,500. Moving ahead, further sell-off during the week led Nifty to touch the level of 14,150. Despite […]

Nifty has surged about 100% from the swing low of 2020. The Indian market in last one year has also witnessed a huge number of additions in trading accounts due to more time available with people working from home to allocate to trading. Most of these traders are newbies and often come with small capital to be deployed. […]

Nifty50 remained volatile throughout the trading session to finally settle with moderate losses on April 23. It formed a Doji kind on the daily charts. The index also formed a Doji pattern on the weekly scale. It was down 1.9 percent for the week but the closing was near its opening levels. A Doji candle indicates there […]

After opening in the negative, Nifty50 gained strength in late morning deals and gradually extended by more than 100 points on April 22. The index formed a bullish candle on the daily charts, as the closing was higher than opening levels. The pattern resembles a bullish Piercing Line kind of pattern. Experts feel with today’s strength, […]

After opening sharply higher, the Nifty50 squandered the gains to close lower on April 20. Weak global cues and the possibility of Maharashtra tightening restrictions further weighed on the sentiment. The Nifty opened at 14,526.70, also the day’s high, but gradually erased gains and slipped into the red in the last hour to hit the day’s low of […]

Representative image The Nifty50 started off the week on a losing note as spiralling COVID-19 cases dented the mood. The index recovered some of the losses but still closed 1.77 percent lower and formed Hammer pattern on the daily charts. All sectoral indices, barring pharma, closed in the red, while the Nifty midcap 100 and […]

Sharp and sudden down fall in Indian equity in the first session of the week has given panic to the market participants leading Benchmark Index Nifty to fall 3% and Bank Nifty 5.3% in signal session. Although Pull-Back that we saw in the followed days has provided Nifty and Bank Nifty some sort of relaxation […]

Options as an instrument has gained a lot of popularity in the recent years. Many directional traders use futures instrument to gain exposure for their directional bets. These trades are generally an alternative to creating and holding portfolios for medium-term directional moves. Very often traders who migrate from futures to options, make mistakes in doing […]

Nifty50 remained rangebound throughout the session after opening marginally higher on April 16. It finally closed with moderate gains to form a Doji pattern on the daily charts. The positive global cues supported the market but rising COVID-19 infections limited upside. The index also formed a Doji pattern on the weekly scale after falling 1.5 percent for […]

The benchmark Nifty closed in the green on strength in late trade amid volatility, even as traders turned cautious due to increased restrictions in several states to control the coronavirus spread. Banking & financials, metals, pharma and select IT stocks helped the market close higher. After opening higher at 14,522.40 the Nifty failed to hold […]

The Nifty50 consolidated in the first half but gained strength later in the day to close above 14,500 levels on April 13. The rally was led in part by short-covering and value buying after a steep fall in the previous session. The Nifty50 opened higher at 14,364.90 but slipped to the intraday low of 14,274.90 […]

The Nifty50 remained under heavy selling pressure through the day and closed 3.5 percent lower on April 12 as record COVID-19 cases and the economic cost of a possible lockdown in states like Maharashtra weighed heavy on the market. After opening gap down at 14,644.65, the index extended selling pressure as the day progressed to […]

India VIX, a measure of the volatility in the equity market, zoomed 16.25 percent from 19.78 to 22.99 levels on April 21, as surging COVID-19 cases and lockdown worries sent the market tumbling. “The spike in VIX indicates that market participants expect volatility to increase in the next one month,” Abhishek Chinchalkar, CMT Charterholder and […]

Considering the continues long unwinding followed by short in the end of the week in the Bank Nifty, it is prudent to approach the Bank Nifty with low-risk strategy as Modified Put Butterfly. Shubham Agarwal April 12, 2021 / 08:48 AM IST Shubham Agarwal Wide intra week swing was seen in Nifty in the past […]