Category: India

The Nifty50 traded higher for major part of the session on March 23 barring noon wherein it saw some selling pressure. However, the index remained rangebound to close above 14,800 levels. Banking & financials helped the index gain half a percent and it witnessed a bullish candle pattern on the daily charts as the closing was […]

The Nifty50 saw consolidation and closed flat on March 22 as banking & financials came under pressure, while FMCG, IT, metals and pharma supported the market on a volatile day. The index closed near the opening level and formed a Doji pattern on the daily charts. A Doji candle indicates indecisiveness among the bulls and the […]

Last week was a roller coaster for the Nifty and the Bank Nifty, which slipped to their lowest since February 1, 2021 to 14,371 and 33,526, respectively. The Nifty remained in an unwinding mode during the week, falling from 15,050 to 14,750, losing around 2 percent along with OI (Open Interest) shedding nearly 11 percent. The […]

Any decisive trading above 15,050 on the Nifty will conclude the current correction leg and the new up wave will start. ‘); $ (‘#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’; $ .get( […]

Market Option volumes are the largest across the world and in most cases, multi-fold of the underlying volumes. Do you think Options are derivatives to Underlying or Underlying are derivatives to Options? In my opinion, both are very closely “both ways” correlated, which means that significant volumes and actions in options also affect the underlying […]

The Nifty50 gained strength in the afternoon and closed higher for the first time after five sessions on March 19, forming a bullish candle that resembled a Piercing Line pattern on the daily charts. FMCG, IT, metals, pharma and select banking and financials lent support to the index. The piercing pattern is a bullish trend […]

Caught in the selling pressure in the last hours of trade, the Nifty50 broke the 50-day exponential moving average (EMA) to close a percent lower on March 18. Rising US bond yields, which climbed above 1.7 percent, after the Federal Reserve meeting dented market sentiment. The index ended in the red for the fifth consecutive session […]

Extending its losses, the Nifty50 index settled over a percent lower on March 17 as investors adopted a cautious approach ahead of the Federal Reserve meet outcome due later in the day. The index fell for the fourth consecutive session and formed a bearish candle on the daily charts as the closing was lower than […]

The Nifty50 wiped out gains in afternoon trade and closed moderately lower on March 16, forming a small bearish candle on the daily charts. The rising coronavirus infections, higher oil prices and FIIs as well as DIIs outflow dented sentiment. The bearish candle gets formed when the closing is lower than opening levels. Experts expect […]

The Nifty fell 244 points intraday on March 15  but a recovery in late trade cut the losses by half, leading to a hammer kind of candlestick pattern on the daily chart. Higher whole price inflation and partial lockdown in some states weighed on sentiment. The hammer is a bullish reversal pattern formed after a […]

We recommend buying Britannia Industries around Rs 3,375 with a stop loss of Rs 3,200 for higher targets of Rs 4,000. ‘); $ (‘#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’; $ .get( […]

Market If you are an options trader, your success is dependent on multiple factors. Forecasts of trades may not be in absolute control but the mathematics of trade placement can certainly be controlled. Trading style generally needs modifications in different market conditions like bullish vs. bearish trend, a different time in expiries, different implied volatility […]

The Nifty50 started off the session on a strong note but profit-booking in the afternoon wiped out all gains and pulled the index down by a percent on March 12. Rising US bond yields dampened global sentiment. Banking & financials, FMCG, metals and pharma stocks came under major selling pressure. The Nifty opened strong at […]

On the upside, the key resistance level for Nifty is 15,273 (the upper range of the consolidation). If the index sustains above this level, we might see the index heading higher towards 15,650 Karan Pai March 12, 2021 / 03:56 PM 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 […]

Nifty50 opened in the positive territory and remained rangebound throughout the session, ending the day with 0.50 percent gains on March 10. Technology, metals, pharma, auto, select FMCG and private banks supported the market. The index formed a small bearish candle on the daily charts as the closing was lower than opening levels. Experts expect the consolidation to […]

The Nifty50 continued to trade in a rangebound manner but the rally in the last hour helped it settle 1 percent higher on March 9. Banking & financials and IT stocks led the rally. The index formed a small bullish candle on the daily charts as closing was higher than opening levels. Overall, the market […]

The Nifty remained highly volatile throughout the session and erased early gains to close marginally high on the first day of the week, March 8. Weak Asian peers and US futures and rising oil prices weighed on sentiment. The Nifty50 opened higher at 15,002.45 and hit an intraday high of 15,111.15, but turned volatile and touched […]

Market Indian equity market showed heightened volatility over the past week amid the weakness in global market. Nifty futures, over the week, gyrated between 14,650 and 15,300 and ended up gaining 2.5% for the week. In the starting of the week, Nifty had short covering drive followed by Long Built up for the next two days […]

A descending trend line connecting 15,430 and 15,270 levels needs to be breached to confirm the new impulse wave upside. Any decisive move below 14,750 will be an early sign of continuation of the correction that can push the index towards 14,300. ‘); $ (‘#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 […]