The stock has shown initial signs of recovery by forming an outside day bar on the daily timeframe. On the hourly chart, it has reclaimed the 21 EMA, accompanied by rising volumes. Additionally, the RSI has formed a positive divergence on the hourly time frame, supporting a potential upside move. Rupak De, Senior Technical Analyst…
The stock has delivered a long-term breakout by surpassing its 2021 high, marking a significant shift in structure. In the short term as well, the trend remains strong, with prices consistently forming higher highs and higher lows. Notably, the volume during upmoves has been significantly higher compared to down moves, indicating strong participation.Rajesh Bhosale, Equity…
Indian benchmark indices ended the week lower on Friday, following U.S. President Donald Trump’s sweeping retaliatory tariffs that intensified the global trade war and stoked recessionary fears. The S&P BSE Sensex fell 1.22% to close at 75,364, while the NSE Nifty50 slipped below the 23,000 mark. “The short-term trend of Nifty remains weak, and the…
Indian frontline indices recorded strong gains this week, jumping by over 4% in the past five trading sessions. BFSI, auto, metal, and realty sectors hogged the limelight. On Friday, the BSE Sensex jumped 557.45 points, or 0.73%, to 76,905.51, while the Nifty climbed 159.75 points, or 0.69%, to end the day at 23,350.40. Nifty continues…
Indian frontline indices ended flat in a volatile session dragged by bank and IT stocks. While Nifty closed at 22,552.50, up by 7.80 points or 0.03% recording its third successive positive closing, the BSE Sensex closed in the red at 74,332.58, declining by 7.51 points or 0.01%. Commenting on the day’s action, Osho Krishan, Senior…
Indian markets sustained their downward trajectory, primarily influenced by global market uncertainties. Investors remained wary ahead, leading to persistent selling pressure at higher levels. “Nifty closed near its immediate support and Fibonacci 0.50 retracement level, making 23,300 a crucial level to hold for any recovery. The 23,800–23,850 range, coinciding with a previous swing high, continues…
Indian frontline indices started 2025 on a positive note on Wednesday aided by buying trends in most sectors, particularly in auto and banks. While the S&P BSE Sensex settled at 78,507.41, up by 368.40 points or 0.47%, the broader Nifty closed at 23,742.90, higher by 98.10 points or 0.41%. Commenting on the day’s action, Rupak…
Indian benchmark indices BSE Sensex and Nifty ended with minor declines on Tuesday dragged by IT and bank stocks. While the 30-stock BSE Sensex finished at 78,472.87, falling by 67.30 points or 0.09%, the broader Nifty50 finished at 23,727.65, declining by 25.80 points or 0.11%. Domestic markets were closed today (Wednesday, December 25) on account…
Indian benchmark indices ended in the red on Monday amid high volatility dragged by IT and energy stocks. Nifty settled at 24,668.25, falling by 100.05 points or 0.4%. Meanwhile, the 30-stock S&P BSE Sensex finished flat at 81,748.57, declining by 384.55 points or 0.47%. Commenting on the day’s action, Rupak De, Senior Technical Analyst at…
Indian benchmark indices fell like a pack of cards on Thursday on the back of significant selling pressure in IT and bank stocks as fears of a slower than expected rate cut by the US Fed weighed on the domestic technology sector. While the S&P BSE Sensex settled at 79,043.74, down by 1,190.34 points or…