Nifty today broke its three-session losing streak to end with sharp gains, powered by banks, auto and consumer stocks. The index formed a piercing line pattern on the daily chart, which is a bullish reversal signal after a prolonged correction. Rupak De, Senior Technical Analyst at LKP Securities said the broader sentiment has not changed…
In a 6-day trading week, the Nifty traded with heightened volatility throughout the week and ended with gains. The week was marked by sharp swings as markets first reacted nervously to the Union Budget announced on Sunday, followed by a strong positive response to the India–US deal that led to a gap-up move. As a…
The India–US trade deal provided a strong boost to domestic equities, with benchmark indices ending the session with broad-based gains across sectors. Financials, auto, realty and chemicals emerged as the top performers, while Reliance Industries and HDFC Bank were the biggest individual contributors to the frontline indices. The Nifty closed at 25,727.55, up 639.15 points…
Nifty closed lower on Monday, marking their second consecutive decline. Except for IT, selling pressure was broad-based, with realty, metal and chemical stocks seeing the sharpest losses. The index has closed below its 50 EMA on the hourly chart. Commenting on the day’s action, Vatsal Bhuva, Technical Analyst at LKP Securities the index has slipped…
The markets consolidated through the previous week and ended on a mildly negative note. Nifty remained within a defined trading range of 25,700 to 26,100, lacking any directional breakout. The week was marked by low volatility, with the India VIX declining 5.70% to 9.52, near its multi-year lows, highlighting continued complacency in the system. On…
Nifty fell for the fourth day in a row though the declines were marginal. Auto, pharma and energy stocks were the weak links though the IT sector showed strength. The Nifty remains weak as the index failed to reclaim the 200-DMA on the hourly chart, with bears continuing to drag Indian equities lower. Commenting on…
Rajesh Palviya, Axis Securities, shared his outlook on the markets and trading strategies amid heightened volatility. He noted that uncertainty stemming from global cues, particularly comments from US President Trump, has kept investors cautious despite several reform-driven announcements from the Indian government. According to him, the Nifty has breached crucial support zones, specifically the 61%…
Equity markets are likely to remain under pressure in the near term as rollover trends and technical indicators signal further downside in both Nifty and Bank Nifty, according to Rajesh Palviya, Senior Vice President – Technical and Derivatives Research at Axis Securities. “So, looking at the overall structure it is on the weaker side only….
Stop Loss: Rs 1,715 Target: Rs 1,850-1,910 Oberoi Realty closed at Rs 1,768.10, gaining ₹21.80 (+1.25%) for the day, and has broken out of a sideways consolidation zone with strong bullish momentum. The breakout is supported by healthy volume and a bullish candle, signaling strength. The stock is trading above its 20/50/100/200 EMAs, with the…