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

Nifty to remain choppy with negative bias, support at 15600; Buy Raymond, sell Titan stocks to pocket gains

By Nagaraj Shetti The choppy movement continued in the market on Wednesday and NSE Nifty 50 closed the day lower by 32 points amid volatility. After opening with a positive note, the market has started with upside recovery since opening. The gradual up move continued for the better part of the session and selling pressure … 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

Decisive move in Nifty beyond 17330 may induce strong rally; support at 17200

BSE Sensex and Nifty 50 ended in the green in Tuesday’s rangebound trade. BSE Sensex ended 350 points or 0.6 per cent up at 57,944, while NSE Nifty 50 index surged 106 points or 0.6 per cent to settle at 17,325. Index heavyweights such as Housing Development Finance Corporation (HDFC), HDFC Bank, Bharti Airtel, Infosys, … Read more

stock market outlook, Nifty Bank Nifty technical update | Stocks to buy

Expect the uptrend formation will continue unless Nifty slips below 16,300. Nifty expected to be trading in a border rage of 16800-16200 level. Town Rahul Shah Equity benchmark Index posted their first weekly advance last week, since early February after a run of four weekly losses, buoyed by dip-buying in sectors such as software and … Read more

Nifty may remain under pressure, could reach 16000-15900; Reliance Industries among stocks to buy

As long as the index is trading below 16350, the selling pressure is likely to continue. Below which, the correction wave will continue to 16000-15900. By Rahul Shah Equity benchmark Indices logged their fourth consecutive week of losses last week, as a worsening Ukraine crisis sent oil prices surging and stoked inflation fears. The blue-chip … Read more