NIFTY BEAR MARKET
Ahead of Market: 10 things that will decide D-Street action on Monday
Having moved up sharply Nifty is currently facing hurdles at the resistance of 24,000-24,100 levels. Any dip from here is likely to be a buying opportunity. Immediate support is at 23,800 levels, said Nagaraj Shetti of HDFC Securities.
Ahead of Market: 10 things that will decide D-Street action on Friday
The underlying trend of Nifty continues to be positive. A sustainable move above 24000-24100 levels could pull Nifty towards another Fibonacci extension resistance of around 24380-24400 levels in the near term.
Ahead of Market: 10 things that will decide D-Street action on Thursday
According to experts, financial and consumption stocks are currently gaining momentum due to enhanced balance sheets, robust GDP growth projections, and easing inflation. He noted that global market trends are reflecting similar patterns, with a general agreement on the likelihood of upcoming rate cuts.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
The Nifty index has broken through the 23,600 resistance level after consolidating for two weeks, setting a new record high. Analysts remain optimistic, with the next target set at 24,000.
F&O Radar | Deploy Bear Put Spread in Nifty to gain from potential directional move
Nifty is currently a little above its 10-day EMA, while 23,400 is crucial support as Nifty came down to those levels throughout the week but did not breach it. Shrey Jain of SAS Online expects some directional move ahead after days of volatility contraction, suggesting that traders can deploy a Bear Put Spread in such a situation.
Ahead of Market: 10 things that will decide stock action on Monday
Indian benchmark equity indices ended lower on Friday, once again succumbing to profit booking after hitting all-time highs, although they locked in a third straight week of gains powered by a rally in financials and the return of foreign investors.
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Sensex, Nifty hit brakes on record run; Nifty IT defies market mood
Indian equity indices, influenced by global trends, closed lower on Friday. The Sensex fell 269 points to 77,209, and the Nifty dropped 66 points to 23,501, impacted by Reliance Industries, L&T, and HDFC Bank.
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
On Thursday, the stock markets ended with slight gains after trading positively throughout the day, supported by robust Foreign Institutional Investor (FII) activity and favorable macroeconomic conditions.
Ahead of Market: 10 things that will decide D-Street action on Friday
Tejas Shah of JM Financial & BlinkX indicated that support for the Nifty was expected at 23,500 and the 23,300-350 range. On the upside, the immediate resistance zone was projected to be between 23,600-625 levels, with the next resistance zone anticipated at 23,750-800 levels.
Tech View: Nifty giving non-directional moves. Here’s how to trade on Friday
According to experts, the short-term trend of Nifty remains positive despite high volatility. After surpassing the resistance level of 22,250, the index shows a probability of moving towards the next resistance at 23,200 in the near term. Immediate support is at 22,640
Ahead of Market: 10 things that will decide stock action on Tuesday
Indian benchmark equity indices, Sensex and Nifty50, logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government.
Tech View: Nifty forms long-legged Doji candle on charts. Here’s how to trade next week
With its continued range-bound action within 23,300-23,500 levels, Nifty is not showing any early breakout signs on either side. A decisive move above 23,500 levels may open an upside breakout and a slide below 23,300 levels could mean a chance of downside breakout of the range movement in the near term.
Ahead of Market: 10 things that will decide D-Street action on Friday
The NSE Nifty 50 index ended 0.89% higher at 22,821 points and the S&P BSE Sensex rose 0.93% to 75,074, adding to their gains of more than 3% on Wednesday.
F&O Radar | Deploy Short Iron Butterfly strategy on Nifty expiry to gain from theta decay
A short iron butterfly spread is a four-legged approach consisting of a bull put spread and a bear call spread in which the short put and short calls have the same strike price. All options will have the same expiration date, and the three strike prices are equidistant.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Benchmark key indices gained over 3% each on Wednesday. The Nifty Bank saw its best percentage gain since February 1, 2021. HDFC Bank, SBI, L&T were among the most active stocks on NSE in value terms. The market breadth favoured bulls with 2,597 stocks ending in the green, while 1,221 names settling with cuts.
F&O Radar | Deploy short straddle for Bank nifty expiry, bear put spread in Nifty as volatility spikes
Markets react to election numbers, leaving BJP and allies in coalition paralysis. BJP's unfamiliarity with coalitions poses challenges. VIX peaks at 26.74, indices fall sharply post-election results.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Indian benchmark indices slipped around 6% each on Tuesday, a day after the blue-chip indices surged to record highs on Monday as exit polls had projected a much bigger margin of victory. MACD showed bullish trade on the counters of Solar Industries, Sobha, Phoenix Mills, and Container Corporation of India. Shares of India Cement, Zee Entertainment Enterprises, Bandhan Bank, Dalmia Bharat hit their 52-week lows.
Ahead of Market: 10 things that will decide D-St action on Monday
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak as it ended 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone.
Election Strategy: How Nifty, Nifty Bank traders can hedge portfolios
The major trend of the market remains intact-to-positive till it holds the formation of higher lows on a monthly scale. After hitting a new peak at 23,110 on Monday, the index consistently fell and ended in red each day throughout the week, hitting a low below the 22,500 mark on Thursday.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nifty ended Thursday with a decline of 216 points, driven by strong selling pressure across most sectors. The 50-stock index fell for the fifth consecutive session and is now trading below the crucial 21-day Exponential Moving Average (21EMA).
Ahead of Market: 10 things that will decide stock action on Wednesday
After gyrating between gains and losses during the day, the 30-share BSE Sensex ended 0.29% lower at 75,170.45. Nifty formed a bearish candle on the daily scale. The index is trading above its key moving average supports and the RSI on the daily chart is positive.
F&O Radar: Deploy Neutral Iron Butterfly in Nifty amid election jitters
Despite the India VIX hitting record levels of 21.81, the highest since October 2022, the Nifty remains within a few percentage points of its all-time highs. The year 2024 holds significance not only for the Indian market, with domestic general elections looming, but also globally, with the US elections on the horizon.
PSU Banks stocks: Stay bullish, hedge a bit to avoid narrative induced selling; top 7 PSU banks with upside potential of up to 36 %
While every sector has witnessed a re-rating in the last couple of years. The re-rating can be due to two reasons. whether headwinds have gone away because of government policy push and clean up or the sector has recovered due cyclical reasons. In the case of PSU banks,which have seen strong re-rating in the last one year, there is a mix of both reasons. The government cleaned up and strengthened the regulatory system. Also that overall economic growth has seen a sharp recovery which has helped in credit off take. Now comes the question that after this rally, should one sell, should one hold, should one increase the exposure. The answer lies in hedging for the banks you own and just avoid listening to noise which will remain high till election results are announced.
F&O Talk: Sudeep Shah of SBI Securities shares notes from his Nifty, Nifty Bank playbook
Currently, the index is trading above its short and long-term moving averages. The daily RSI has given a breakout of a falling wedge pattern and is about to cross the 60 mark, indicating strengthening momentum. Additionally, all the other indicators and oscillators indicate strength, and hence, we expect the current positive momentum to continue.
Dear Nifty bulls, it’s time to take chips off the table
Taking profits off the table and reducing exposure in markets is crucial to manage risk and secure gains. Monitoring key data points reveals underlying weakness, emphasizing the importance of balancing risk and reward in current market conditions.
Bears growl! Sensex crashes 750 points, Nifty below 21,850
Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.
Gold beats Nifty in 5-year timeframe. How much should you invest?
Gold's enduring appeal in India extends beyond symbolizing wealth, outperforming Nifty. Central Banks favor Gold amid dollar risks, while QE and rising debts support its safe-haven status. Diversify portfolios with Gold ETFs for stable returns.
IT stocks slump as F&O bears mount bets on more downside fears, Infy results in focus
Indian IT stocks decline, affecting benchmarks. Concerns over US Fed rates and IT demand recovery persist. Infosys' guidance for FY25 awaited. Market cautious pre-results, with Nifty IT Index closing below 200 EMA.
Sensex crashes 800 points: 5 key factors behind bear attack on D-Street
TCS emerged as the top Sensex laggard, experiencing a 3% drop. This dip coincided with 2.02 crore or 0.6% shares changing hands in a block deal on the counter. Other IT counters - HCL Tech, Wipro and Infosys - also traded with cuts, weighing on the index.
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