nifty outlook: Tech View: Nifty trading range between 16,500-17,600. What investors should do on Monday

NEW DELHI: As Nifty ended the 7-day losing streak on Friday, a Bullish Engulfing candle formed on the daily scale, negating its lower highs formation of the last seven trading sessions. On the weekly chart, the index formed a small negative candle with a long lower shadow, which suggests the formation of a bullish hammer-type … Read more

nifty outlook: Bears could drag Nifty50 to 16,300 if RBI rings alarm bells

The positioning of foreign institutional investors (FIIs) in the Nifty50 and stocks clearly indicates their bearish undertone, and this sentiment could intensify if the Reserve Bank of India (RBI) on Friday dances to the tune of global central banks. The correction seen by domestic equities in seven consecutive sessions indicates that investors have factored in … Read more

Tech View: Nifty fails to stage a rebound. What investors should do on Friday

NEW DELHI: The Nifty50 formed a long bearish candle on the daily charts on Thursday as the index ended with a loss of 40.5 points near the 16,800 mark on the monthly expiry day. Making lower highs and lower lows for the seventh consecutive day, the Nifty has faced resistance from its 200-DMA level. Chart … Read more

Nifty today: SGX Nifty up 180 points; here’s what changed for market while you were sleeping

After a sharp beat-down, Indian benchmark indices are set to open in the green, tracking cues from global peers. Asian stocks posted a strong start following hefty gains in US stocks during the overnight trade on the dip in bond yields. However, a firm US dollar is likely to dent sentiments. Back home, the expiry … Read more

stock market analysis: Tech View: Nifty bulls fail to guard 200-DMA. What investors should do on Thursday

After sinking for the sixth straight session, the Nifty50 not only failed to protect the 17,000 mark but also slipped below its 200-DMA to end 149 points lower near the 16,850 mark on Wednesday. The index formed a small bodied bearish candle on the daily scale with a long upper shadow, indicating pressure at higher … Read more

Tech View: Is range-bound Nifty scary? What investors should do on Wednesday

Nifty bulls managed to protect the 200-DMA at 16,992.5 on a closing basis as the headline equity index ended just 9 points lower above the psychologically-important level of 17,000. On the daily charts, a negative candle, placed beside the similar negative candle of the previous session, was formed on Tuesday. Technical analysts say this pattern … Read more

Nifty today: SGX Nifty up 50 points; here’s what changed for market while you were sleeping

Despite muted global cues Indian equity market looks set to open higher on Tuesday after a sharp selloff seen in the last few sessions. US stocks settled lower on Monday, entering the bear zone, whereas Asian shares gave up their early gains to trade mixed. Dollar took a breather, whereas crude steadied in early trade. … Read more

stock market today: Bears took just 8 sessions to drag Nifty from 18,000 to 17,000

Hit hard by the troublesome macro environment, the domestic equity index Nifty on Monday slipped below the 17,000 mark for the first time since July 28 to hit the day’s low at 16,978.30. However, the index showed resistance at the psychological level of 17,000 and quickly moved above the mark later in the day. Nifty … Read more

Nifty today: SGX Nifty down 150 points; here’s what changed for market while you were sleeping

Domestic equity markets are set for a gap down opening on Monday amid weak signals from global peers. US stocks plunged sharply last Friday, whereas Asian peers also saw a selloff. The dollar strengthened further and crude oil prices cruised higher. Back home, traders will await the listing of Harsha Engineers today. Here’s breaking down … Read more

Sensex: Nifty may slip to 16,800 levels and Sensex to 56K; use dips to buy in these 5 sectors: Ravi Singh, ShareIndia

“Interest rate hikes by the global central banks have strengthened fears of recession while inflation still remains high in the global economy,” said Ravi Singh, Vice President and Head of Research, ShareIndia. In an interview with ETMarkets.com, Singh said he is highly bullish on the auto sector and his top picks are , , and … Read more