The shares of Life Insurance Corporation of India (LIC) made a smart comeback from recent lows. The stock, which was struggling in the past month, surged 6% to Rs 972 in the first session of FY25, pushing the shares of India’s largest insurer back above the IPO price of Rs 949. The stock’s record-breaking rally … Read more
Nifty on Saturday ended 51 points weaker to form a negative candle engulfing the previous session’s bullish candle. On the weekly charts, a bearish engulfing pattern was seen. 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 … Read more
Nifty on Thursday ended 110 points lower to form a high wave type candle pattern on the daily chart and slipped below the rising trendline, suggesting a bearish trend reversal. Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. … Read more
Nifty on Monday ended 203 points higher to end above the 22,000 mark for the first time and formed a hammer candlestick pattern on the daily chart. On the derivative front, the 21,700PE strike added the highest open interest. With this, the supports are now dragged to the higher levels of 21,700-21,600 and sustenance above … Read more
NEW DELHI: Nifty on Tuesday ended 92 points higher on the third day of the rally and formed a small green-bodied candle on the daily charts. “The short-term trend nevertheless remains down. Momentum readings like the 14-day RSI too remain in decline mode after dropping sharply from overbought levels last Wednesday. This calls for caution … Read more
NEW DELHI: Nifty on Friday finished 94 points higher but ended the week 0.5% down to break its seven-week winning streak. Momentum readings like the 14-day RSI too remain in decline mode after declining sharply from overbought levels on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. … Read more
Nifty on Tuesday ended about 34 points higher to find support just above the 21-EMA on the hourly chart, prompting a strong recovery in the later part of the session. The momentum indicator maintains a positive crossover, suggesting ongoing strength. The bullish trend is expected to persist as long as it stays above 21,350 consistently. … Read more
Most technical indicators suggest a likely continuation of the current momentum. Should Nifty surpass and maintain levels above 21,600, technical analysts anticipate a short covering scenario, propelling the index towards 21,700-21,800. Analysts further highlight that stocks such as LTI Mindtree, SBI, Bank of Baroda, ICICI Bank, DLF, UltraTech, Asian Paints, Bajaj Finserv, IndusInd Bank, Infosys, … Read more
The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more
