rbi: View: RBI strikes a right balance between growth and inflation

Governor Shaktikanta Das announced a 50-bps hike in policy repo rate to 5.9% from 5.4% during the monetary policy committee’s meeting on 30th September 2022 and maintained withdrawal of accommodation. With this, the rates have gone up 190-bps cumulatively since the start of the current calendar year. The rate hike was decided by a majority … Read more

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

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

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

Nifty50 Index: Tech View: Nifty50 breaks below 50-DMA; It is officially a ‘sell on rise’ market, caution experts

The global rout in equities pushed benchmark indices below crucial support levels. Indian markets closed in the red for the fourth consecutive day in a row, weighed down by a rise in US Dollar as a result of monetary tightening and the possibility of a global recession. The Nifty50 broke below its crucial short-term support … Read more

Zoom, Datadog among companies in broad new Credit Suisse software view

da-kuk/E+ via Getty Images Analysts at Credit Suisse have taken on the small-and-mid sized software market with a wide swath of new coverage of the likes of Zoom Video Communications (NASDAQ:ZM), New Relic (NYSE:NEWR) and Coupa Software (COUP). The Credit Suisse team, led by managing director Fred Lee, said in an extensive research report that … Read more

Tech View: Bloodbath on D-St! Should traders go short on Monday?

The US Fed jitters kept equity and currency markets on edge. The S&P BSE Sensex plunged more than 1,000 points while the Nifty50 broke below a crucial support at 17,400 and also briefly slipped below 50-DMA but then bounced back. The short-term moving average for the Nifty50 is at 17,315. The index bounced back after … Read more

Tech View: Nifty recovers marginally from US Fed outcome; what should investors do on Friday?

The Nifty50 closed in the red for the second consecutive day on Thursday, tracking weak global markets. Markets across the globe came under pressure after the US Fed raised interest rates by 75 bps. The Nifty50 recouped some losses as it staged a smart bounce back from its crucial support placed near 17,500-17,550 levels. It … Read more

Tech View: Nifty forms small-bodied candle ahead of US Fed outcome; what should investors do on Thursday?

Bears remained in control of the Nifty50 on Wednesday, pushing the index lower by nearly 100 points, but recovery in the second half of the session helped the index to close above 17,700 levels. The index made a small-bodied candle on the daily charts ahead of the US Federal Reserve outcome. Indian markets will react … Read more