Index Outlook: Will the bull run continue for Sensex and Nifty 50?

The rally in the Indian benchmark indices continued for the third consecutive week, although at a slower pace. The Sensex and Nifty 50 were up about 1.4 per cent each last week. The Reserve Bank of India’s (RBI) monetary policy outcome on Friday had no major impact on the stock market. The RBI increased the … Read more

Index Outlook: Are Sensex and Nifty 50 on a strong footing?

The Indian benchmark indices have risen sharply for the second consecutive week. Both the Sensex and Nifty 50 have rallied breaking above their key resistance and have closed on a strong note. Our view of seeing a turn-around from the resistance has gone wrong. This also negates, for now, our broader bearish view of seeing … Read more

Mastering Derivatives: Permitted lot size and scalping trades

If you trade derivatives on the NSE, you will be familiar with the concept of permitted lot size. This week, we discuss permitted lot size in relation to scalping trades. Contract multiplier Scalping trades refers to trades that are set up to take advantage of small price changes in the underlying. To scalp, a trader … Read more

F&O Strategy: Execute short strangle on Axis Bank

The stock of Axis Bank (₹730.75) gained last week and moved above a resistance at ₹700 and the price action indicates further rally from here. However, looking at a broader level, it can be observed that the scrip has been stuck in the range of ₹640-800 since early 2021 and has been struggling to establish … Read more

Index Outlook: Will the rally in Sensex and Nifty 50 come to a halt?

Domestic benchmark indices witnessed a strong surge last week. The Sensex and Nifty 50 rallied over 4 per cent each negating our view of seeing a sideways consolidation. Although both the indices closed the week on a strong note, it is the time to be cautious rather than being extremely bullish as crucial resistances are … Read more

Index Outlook: Will the rally in Sensex and Nifty 50 come to a halt?

Domestic benchmark indices witnessed a strong surge last week. The Sensex and Nifty 50 rallied over 4 per cent each negating our view of seeing a sideways consolidation. Although both the indices closed the week on a strong note, it is the time to be cautious rather than being extremely bullish as crucial resistances are … Read more

Index Outlook: Will indices run into consolidation?

The Indian benchmark indices fell gradually and have closed on a mixed note last week. Sensex and Nifty 50 were down 1.32 and 1.06 per cent respectively. Though they were threatening for a steeper fall, the bounce on Friday has given some relief. Additionally, both Sensex and Nifty 50 are holding well above their near-term … 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

Index Outlook: Not much room to rise in Sensex, Nifty 50

Indian benchmark indices broadly remained stable last week barring the wild swing seen on Friday. Both the Sensex and Nifty 50 tumbled on Friday and were threatening for a weak close and more sell-off going forward. However, the indices recouped most of the day’s loss and closed the week marginally higher. Sensex and Nifty were … Read more