OM MEHRA
Tech View: Nifty bulls strong till 24,200. Here’s how to trade next week
With the underlying trend of Nifty being positive, possibility of an upside breakout around 24,400-24,500 levels in next few sessions looks plausible. Analysts see immediate support at the 24,170 level.
Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week
Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle.
Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Indices touch new peaks, Sensex tops 77,000 mark
India's Nifty and Sensex hit fresh highs, with Sensex closing above 77,000 for the first time after a bullish wave since June 4 election results.
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.
Tech View: Nifty forms long-legged Doji candle. What should traders do in election result week
On the daily chart, the Nifty has bounced back from close to the 50-day SMA after four sessions of losses. Chartists said that the 14-day RSI at 50.33 is falling and remains below its 9-day EMA, indicating that the momentum is weakening.
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GIFT Nifty down 30 points; here's the trading setup for today's session
"Investors would now focus on Nivida earnings, US Fed meeting minutes, and UK inflation which will be released late today. Overall, we expect positive sentiments to continue in the market," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Domestic IT firms advanced on Wednesday with an eye on rate cut clues from the upcoming Federal Reserve minutes. Consumer stocks and RIL supported gains. NSE rose for five days in a row and settled above 22,500 points. Nifty formed a bullish candle with a long tail, indicating strong buying interest. Tata Steel, Coal India, HDFC Bank, SBI, ONGC were among most active stocks in volume terms
Tech View: Nifty inching closer to record high. What should traders do on Thursday expiry
Nifty closes 69 points higher, forming a bullish candle with strong buying interest. Holding above 22,590, it may reach 22,750, supported by 22,500. Analysts anticipate further uptrend, with key support at 22,500 and resistance at 22,800.
Ahead of Market: 10 things that will decide D-Street action on Saturday
Auto and metal stocks helped Indian benchmark equity indices on Friday log their best week since early February. The market would be open this Saturday as part of a disaster recovery exercise. MACD showed bullish trade on the counters of Bharat Rasayan, Lux Industries, Data Patterns, TeamLease Services. Tata Steel, Tata Motors, SBI, ONGC were the most traded stocks.
Tech View: Nifty forms High Wave candle. What should traders do on Saturday
After recouping losses of previous week, Nifty is now targeting to reclaim the lifetime high zone. The short-term trend of Nifty is positive and the next upside levels to be watched are around 22,700-22,800 levels.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Sensex, Nifty snapped a 3-day winning run on Wednesday, dragged by HDFC Bank and consumer stocks. Seven of the 13 major sectors declined. Tata Motors, Coal India and Tata Motors were among most active stocks in volume terms. Nifty formed a high wave type candle on the daily chart.
Tech View: Nifty forms high wave type candle. What traders should do on Thursday
Nifty ended 17 points lower on Wednesday and traded sideways. Thereby, it failed to show any significant directional breakout. Move above the immediate resistance of 22,300 level may make room for higher target of 22,600 level.
Tech View: Nifty forms long-legged Doji candle. What should traders do on Tuesday
If the index manages to sustain above 22,500, the market could even reach new all time highs in the near term.
Kotak Bank shares may bounce back from key support
Kotak shares are around a support level of its 50-day exponential moving average on a monthly time frame placed at ₹1,700-level, according to Tradonomy, an investment advisory.
F&O stocks to buy today: Tata Steel, SBI among top 9 trading ideas for 22 February 2024
The market may go sideways after a sharp rise and that may be considered as healthy from the long run perspective, suggest experts.
Tech View: Nifty target shifts to 22,500. What traders should do on Wednesday
Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.
Tech View: Nifty forms bearish engulfing pattern on charts. What traders should do next week
The short-term trend of Nifty remains choppy. Having faced weakness after a small rise on Saturday signalled a weak bias for the market ahead. At the higher levels, the market could encounter strong overhead resistance around 21,750-21,850 levels and on the downside it could find support around 21,300 levels in the near term, said Nagaraj Shetti of HDFC Securities.
F&O stock strategy: How to trade in Sun Pharma, Mphasis and United Spirits?
In anticipation of a broader market rally, three stocks have formed a strong setup on the charts for further rally, giving a good risk-reward ratio.
ETMarkets Smart Talk|Nifty Bank may hit new high in Sept series; 3 stocks on radar this week: Om Mehra, Choice Broking
"The rally of mid and smallcaps during the last two months marked the turning of the sentiment from an overcautious to optimistic view. We expect there are more spaces for smallcaps to deliver returns. Therefore, a lot of the increase was due to a catch-up rally in high-growth stocks. Smallcaps continued to see inflows from DIIs and HNIs and retail investors."
ETMarkets Smart Talk | Adani Ports, 2 other stocks on radar for this week: Om Mehra, Choice Broking
"Nifty is trading in a range and formed a good base around 17,450 level and sustaining above it suggests strength in the counter.. The support for Nifty has shifted to around 17,300 levels while on the upside, 17,850 may act as an immediate hurdle. On the other hand, Nifty Bank has support at 38,200 levels and resistance at 40,000 followed by 40,800 levels for next week."
Many service chiefs were not averse to politics after retirement
Heads of the three services strive in their military career to keep themselves and the force under them apolitical. So, it is surprising that many among them agreed to become Governors.
Centre in huddle over Benegal panel's suggestions on film censorship and certifications
The Shyam Benegal-headed committee was tasked with looking at the censorship process in 2015. The panel submitted its reports in April and June 2016.
Former Air Chief Marshal O P Mehra dies
Mehra, who also served the nation as the Governor of Maharashtra (1980-82) and Rajasthan (1985-87), died yesterday at Army Research and Referral hospital.
'Ghayal Once Again' review: An idealistic film that exudes sincerity
Sunny Deol manages to retain the essence of Rajkumar Santoshi's blockbuster "Ghayal" even after 26 years.
Censor board set to undergo a major makeover, regional centres also under scanner
The Centre is looking at a major overhaul in the working of the Central Board for Film Certification (CBFC), which has been mired in several controversies.
Centre picks its own panel to revamp Central Board of Film Certification
The centre is all set to revamp its much controversial CBFC with its own committee comprising veteran film makers Shyam Benegal, Rakeysh Omprakash Mehra, ad guru Piyush Pandey and film critic Bhawana Somaya.
Tihar prison chief preparing 'blueprint' to plug loopholes
Tihar DG Vimla Mehra is preparing a "blueprint" to improve overall functioning of the prison including to plug loopholes in its surveillance system.
CBI for transfer of all 3 cases against Om Prakash Chautala, sons to one court
The CBI today moved a Delhi court seeking transfer of all three DA cases against Om Prakash Chautala and his two sons, Ajay and Abhay, to a single court.
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