RESISTANCE LEVEL
Stock Radar: Cholamandalam Finance Holding hits fresh record high in July; time to buy or book profits?
Cholamandalam Financial Holdings stock is poised for remarkable growth, breaking free from a volatility pattern to soar towards the 1700 target. Investor interest surges as bullish momentum indicators align, with a strategic stop loss at 1270 ensuring risk management. The stock's chart structure and ratio analysis against NIFTY only reinforce its upward trajectory.
Tech View: Nifty bulls getting tired at peaks. Here’s how to trade on Wednesday
Nifty ended Tuesday’s session with a small loss of 18 points to form a small red candle on the daily chart which indicated that bulls are getting tired at peaks.
Tech View: Nifty bulls using intraday dips to go long. Here’s how to trade on Tuesday
Positive chart pattern like higher tops and bottoms is intact. The underlying trend of Nifty remains positive. The market is racing towards the next upside target of 24,400 levels in the near term. Immediate support is placed at 23,980 levels, said Nagaraj Shetti of HDFC Securities.
How lifting weights thrice a week can help prevent knee pain as you age
A recent study published in BMJ Open Sport & Exercise Medicine highlights the benefits of heavy weightlifting for older adults, showing significant improvements in leg strength even years after training. Conducted on individuals aged 64-75, the study found that regular heavy resistance training preserved muscle function and enhanced leg strength. Experts emphasize the importance of weightlifting for mobility, independence, and overall health in seniors, while recommending tailored exercise programs and proper guidance for safety and effectiveness.
Tech View: Short covering rally takes Nifty beyond 24K. Here’s how to trade 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.
F&O Radar: Deploy Bull Call Spread in JSW Steel to capitalize on potential up-move
From April onwards, JSW Steel prices have consistently formed higher highs, indicating an upward trend. On the downside, the stock has found support around the 830 levels.
- Go To Page 1
Tech View: Profit booking likely at higher levels. Here’s how to trade on Friday
The short-term trend of Nifty remains positive despite high volatility. On moving above the hurdle of 22,250 level recently, Nifty still has chances to move towards the next upper hurdle of 23,200 in the near term.
Nifty Bank pares gains but closes above 49,200; next target seen at 50,000: Experts
Tracking positive global cues, Nifty Bank rose 237 points to close at 49,291. The index saw some profit booking above the 49,600 level. PNB, Bank of Baroda and SBI closed with gains of 1-3%.
How to trade Nifty on election result day? Heads I win, tails you lose strategy
Depending on whether the Prime Minister Narendra Modi-led NDA surpasses or falls short of the expectations outlined by exit polls, the Nifty could experience significant swings in either direction once the trends of the Lok Sabha election results become apparent on Tuesday. The substantial rally of over 3% on Monday, coupled with a 15% decline in the India VIX fear gauge, indicates that market anticipation for a negative surprise has diminished.
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.
Shedding light on weight loss struggles among diabetics
Diabetes cases in India are rising, with 101 million individuals affected according to ICMR- INDIAB data. The International Diabetes Federation projects a 46% increase in global diabetes cases by 2045.
Nifty Bank outperforms; short-covering likely on a close above 49,000: Experts
The index had a small tryst with 49K. This was also a crucial resistance level for the index. A close above the same is likely to trigger a short covering move in the index. The index rose 0.4% in the May series and the first 15 days of the June series may remain volatile.
F&O Radar: Deploy Bull Call Ladder on Nifty to benefit from lower-level bounce
Nifty surged to a new all-time high of 23,110 before correcting slightly. With support near 22,500, it's expected to trade in a range of 22,500 to 23,000. Analysts recommend a Bull Call Ladder strategy amid capped upside and potential for bounce from lower levels.
Tech View: Dark cloud pattern seen on Nifty charts. What traders should do on Thursday expiry
Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.
Nifty Bank falls more than 600 points; next big support placed at 48,000: Experts
On Wednesday, the Nifty Bank witnessed a sharp decline of over 600 points, breaching the 49,000 mark, attributed to subdued global signals. Presently, a significant support level is identified at 48,000.
Nifty Bank holds 49000; experts suggest buy-on-dips strategy
Nifty Bank fell on profit booking at higher levels. The index fell 139 points to close at 49,142. Though it opened higher and quickly touched 49,500, the momentum fizzled owing to selling pressure. HDFC Bank, AU Small Finance Bank and Bandhan Bank gained.
Tech View: Nifty may rally towards 23,500 in short term. What traders should do on Friday
Nifty formed a long bull candle on the daily chart on Thursday weekly expiry. Once it breaches 23,000, the index might move towards 23,500 in the short term. Nifty has broken above 22,750 - 22,800 resistance zone and is eyeing the upper end of the rising channel placed at 23,100 – 23,150
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.
Nifty Bank closes below 48000; crucial support placed at 47750-47500: Experts
On Wednesday, the Nifty Bank index concluded trading below the significant psychological threshold of 48,000, with the next notable support levels positioned between 47,750 and 47,500. The index experienced a decline of 266 points, settling at 47,781, while the Nifty50 registered a 68-point increase, closing at 22,597.
Tech View: Nifty stuck between 22,400-22,600. What should traders do on Wednesday
The index manages to hold above 20 and 50-day SMA — a positive signal. An analysis of Nifty put options reveals a concentration of Open Interest at the 22,400 level, implying potential support at this level. The important key takeaway from the Nifty chart is that it is making a higher high both on the daily and weekly charts.
Nifty Bank holds 48000; important levels to track on Wednesday
Nifty Bank snapped 3-day gains, fell 151 points to close in the red. Bandhan Bank, Bank of Baroda and SBI were among the top gainers from the index. The index held above the 50-DMA on the daily chart. The momentum could take it towards 48,400-48,500 levels.
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.
Nifty Bank reclaims 48,100 level; what investors should do next
Nifty Bank index breached 48,000 mark after 6 trading sessions. The index rallied 138 points. HDFC Bank, SBI, Bandhan Bank were among top gainers. The index gained over 1% despite volatility, which is a positive sign for the bulls.
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday
On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
Uphill Battle: Navigating the Complexities of Diabetes Management
Managing type 2 diabetes involves crucial lifestyle changes for blood sugar control, mental health support, weight management, nutrition therapy, stress management, physical activity, and glucose regulation.
Options Radar: Deploy Bull Call Spread on Axis Bank as outlook not very aggressive
Axis Bank has been in a broad range since November 23 and has been fluctuating between Rs 1,021.60 mark on the lower side, and Rs 1,150.95 on the upper side. The stock managed to breach the resistance one to create a new all-time high of Rs 1,182.90 on April 30.
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 may stage minor pullback. What traders should do on Friday
Nifty has been in a larger range movement of around 22,800-21,750 levels in the last couple of months, and is currently nearing a lower range and also a crucial support around 21,750 levels for the short term.
Tech View: Nifty forms high wave type candle pattern. What traders should do on Thursday
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
Load More
