Nifty short-term trend weak, index may head to 15700 if it slips further; check stocks to buy and sell

By Nagaraj Shetti Nifty continued to show weakness on Wednesday amidst range movement and closed the day lower by 91 points. A long negative candle was formed on the daily chart, that has overlapped the previous negative candle. Technically, this market action signal continuation of downside momentum and a lack of strength to sustain the … Read more

Sensex rises for second-day straight, Nifty closes above 16100, index may head towards 16200 soon

For the second day straight bulls pushed domestic headline indices higher. S&P BSE Sensex zoomed 427 points or 0.80% to close at 54,178 while the NSE Nifty 50 index settled at 16,132, adding 143 points or 0.89%. Among stocks, Titan was the top gainer, ending 5.88% higher, followed by Tata Steel, L&T, and IndusInd Bank. … Read more

Nifty support at 15500 for 7 July F&O expiry, use Iron Butterfly strategy for gains; Bank Nifty to remain weak

By Rajesh Palviya NSE Nifty 50 closed at 15752 with a gain of 53 points on a weekly basis. On the weekly chart, the index has formed a small bearish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 15800 level it … Read more

SGX Nifty, global cues hint at gap-down start for D-St on F&O expiry session; 5 things to know before opening

Domestic equity markets snapped their gaining streak on Wednesday to end with losses. S&P BSE Sensex slid 109 points or 0.20% to settle at 54,208 while the NSE Nifty 50 index was down 19 points or 0.12% to end the day at 16,240. Bank Nifty ended 0.40% lower while India VIX fell close to 2%. … Read more

Nifty heading to 18100 after base formation, Bank Nifty aiming for 38000; Metals, IT stocks to outperform

Domestic benchmark indices BSE Sensex and NSE Nifty 50 have recovered strongly in the last few trading sessions. Nifty 50 bounced back from the key support of 16800 and now could be heading towards 18100, said technical analysts at ICICI Direct. “Benchmarks reclaimed half the ground lost over the past six months as the cluster … Read more

Charts suggest more upside for Nifty while it holds above 17400; 5 things to know before today’s opening

Domestic equity indices extended their up-move on Wednesday with benchmark indices and the broader markets closing with gains. S&P BSE Sensex jumped 740 points or 1.28% to settle at 58,683 while the NSE Nifty 50 index zoomed 173 points or 1% to close the day at 17,498. Technical analysts believe there is more upside to … Read more