Category: India

Just Dial which saw strong gap up opening and was locked in 10 percent upper circuit at Rs 644.30 and formed long bullish candle on the daily charts with healthy volumes. The stock has given a strong close above 200 DEMA (day exponential moving average – Rs 636) and seen a breakout of downward sloping […]

The Nifty on January 16 wiped out some of the previous session’s gains to close lower despite positive global cues, dented by selling in banking & financial services, auto, and metal stocks. Buying in information technology (IT) and FMCG stocks, however, limited losses. The Nifty opened above the psychologically vital 18,000 mark to climb to […]

The Chief Analyst-Technical and Derivatives with more than 15 years of experience in the stock market believes the Nifty would certainly move towards the milestone of 19,000 first. “As of now, we do not want to fall in the camp of sub-17000 expectations. Rather, in the worst-case scenario, we do not expect Nifty to slide […]

Traders should keep focusing on stock-specific moves and should ideally remain light on positions till the time key indices consolidate in the recent congestion zone, Sameet Chavan of Angel One advised Sunil Shankar Matkar January 16, 2023 / 09:52 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 […]

For the last 5 months approximately, Max Financial Services is making lower highs and lower lows structure. Recently it has started changing its structure by making higher highs and higher lows, and also it broke 12 months old trendline. Jigar Patel January 16, 2023 / 06:19 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ […]

Mahindra CIE Automotive was also in action, climbing nearly 6 percent to end at record closing high of Rs 377 and formed long bullish candle on the daily charts with robust volumes, making higher high higher low for second consecutive session. Sunil Shankar Matkar January 16, 2023 / 06:22 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

Mahindra CIE Automotive was also in action, climbing nearly 6 percent to end at record closing high of Rs 377 and formed long bullish candle on the daily charts with robust volumes, making higher high higher low for second consecutive session. Sunil Shankar Matkar January 16, 2023 / 06:22 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

They say two in three Options created expire worthless. That means, over a period of time, any Option writing (selling) strategy would be successful 66 percent (or 2/3rd) of the time. However, that’s not what it takes to be a profitable Options writer. An Options writer has a negative risk profile. It means a writer […]

The Nifty snapped a three-day losing streak to close higher on January 13 on easing inflation, a rise in growth numbers and impressive December quarter numbers from IT companies. FII outflows, however, capped the upside. The index traded lower in the morning but recovered to hit the intraday high of 17,999 in the afternoon. It […]

Rico Auto is currently trading above its multi-year level of Rs 86 which prices have surpassed for the first-time post August 2018. This shows overall Bullish undertone of the prices. Stock Market News ‘); $ (‘#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”); // $ […]

Navin Fluorine International was the biggest gainer in the futures & options segment, rising 5.56 percent to Rs 4,123.65, the highest closing level since December 26, 2022 and formed robust bullish candle on the daily charts with significantly higher volumes. It has decisively broken consolidation range seen in last one week. Sunil Shankar Matkar January […]

Representative image. The Nifty ended lower for the third straight session on weekly expiry on January 12, as investors seem to have turned cautious ahead of the release of CPI data and December quarter results of IT majors. The index opened higher at 17,921 and hit an intraday high of 17,946 but squandered the gains […]

HPCL formed long bullish candle on the daily charts with strong volumes, making higher high higher low formation. The stock has seen a decisive breakout of horizontal resistance trend line adjoining September 13 and December 12, 2022. Sunil Shankar Matkar January 12, 2023 / 07:32 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // […]

NMDC on the daily chart has surpassed its previous swing high with a sharp surge in volumes. The momentum indicator RSI has given a positive crossover on the daily chart, confirming the buy signal. Kunal Shah January 12, 2023 / 06:51 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ […]

The Nifty ended a tad lower after a volatile session on January 11, as traders turned cautious a day ahead of the release of CPI inflation data for December. The index opened flat but remained volatile, swinging between the day’s low of 17,824 and high of 17,976. It ended the session 18.5 points down at […]

The overall structure of Schneider Electric Infrastructure is very impressive, as it is trading above all its important moving averages. Pravesh Gour January 11, 2023 / 06:23 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’] >= […]

Tata Motors was the biggest outperformer among Nifty50 stocks, climbing 6 percent to Rs 412.90, the highest closing level since December 19, 2022 and formed long bullish candle on the daily charts with significantly higher volumes and making higher high higher low formation for second straight session. Sunil Shankar Matkar January 11, 2023 / 06:31 […]

Representative image. The Nifty50 reversed more than half of its previous day’s gains and formed a bearish candle which, to some extent, resembles a Bearish Engulfing kind of pattern formation on the daily charts on January 10, indicating a negative mood. But the index strongly defended 17,800, the sacrosanct support zone area. Hence if the […]

Minda Corporation has broken out from the downward sloping trendline on the weekly chart. It has been taking support at 200-day EMA. Intermediate trend of stock remains positive as it is trading above its 50, 100 and 200-day exponential moving averages. Nandish Shah January 10, 2023 / 08:27 AM IST Star Health: Star Health and […]