The markets traded with a positive undertone through the week, rebounding smartly from lower levels. After reacting positively to the strong Bihar election outcome and hopes around a potential US-India trade agreement, Nifty posted steady gains throughout the week. The index oscillated in a range between 25,449 and 26,010, marking a trading band of 561…
The markets showed a firm undertone in the truncated trading week as they ended on a positive note after snapping a six-week losing streak. Nifty remained within a relatively narrow range, oscillating between 24,347 and 24,702, showing a weekly trading range of just 355 points. Despite a shortened week due to the Independence Day holiday…
Stop Loss: Rs 933.45 Target: Rs 1,020 TATACHEM has witnessed a breakout from a Flag & Pole chart pattern on the daily timeframe, accompanied by a strong bullish candlestick with above 20-day average volume, indicating strong buying interest. The stock is trading firmly above its 20, 50, 100, and 200-day EMAs, highlighting the strength of…
Amid ever-increasing uncertainties on the global front and similarly rising geopolitical tensions between India and Pakistan, the Indian equity markets demonstrated strong resilience. They consolidated before ending the week on just a modestly negative note. The trading range remained modest; the Nifty oscillated in a 590-point range. While the markets defended their key support levels,…
Following a strong move in the week before this one, the markets wore more of a consolidatory look over the past five sessions. Following ranged moves, the Nifty closed the week on just a modestly positive note. From a technical standpoint, the Nifty tested a few important levels on both daily and weekly charts. However,…