Nifty on Friday ended 43 points lower to form a long bull candle with an upper shadow on the daily chart. The positive chart pattern like higher tops and bottoms is intact as per daily chart and Friday’s swing low of 19,635 could be considered as a new higher bottom of the sequence. The short-term …
Indian benchmark stock indices closed in the green for the fourth consecutive day on Wednesday on buying in HDFC Bank and a largely firm trend in Asian markets. Fag-end buying helped the BSE Sensex climb 100 points to settle at 65,880.52. During the day, it had declined 292 points to 65,488.03. Global stocks faced headwinds …
Indian equities, riding on gains in the global markets, snapped two days of losses and ended on a high note. The Sensex gained over 100 points, settling just shy of the 65,000-mark, while the Nifty added 40 points, ending at 19,306. Analysts predict the markets will remain in consolidation mode amid key events such as …
Indian equities, dragged by index heavyweight Reliance Industries, ended in the red, snapping its 3-day rally. The Sensex fell by 181 points to close at 65,252, while the Nifty closed 57 points lower, settling below the 19,400 mark. Sectorally, the IT index emerged as the top gainer, while the Healthcare and PSU Bank indices were …
Jindal Worldwide, the textile product maker, rose more than 20% in a week which helped the stock to breakout from a symmetrical triangle formation on the weekly charts. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 475 in the next 3-4 weeks, suggest experts. The …
In line with what was anticipated in the previous weekly technical note, the Indian equity markets witnessed profit-taking bouts from higher levels along with spikes in the volatility that is hovering around one of its lowest levels of recent months. ET CONTRIBUTORS It was also expected that the current uptrend might stand disrupted and the …