BUSINESS
As Nifty touches 22,000, here are 3 breakout stocks worth looking at
Auto and healthcare indices were up a percent each, while the power index was down 0.3 percent in the afternoon trade
BUSINESS
F&O Manual| Indices trade higher; Nifty's next crucial resistance at 21150
The critical support zone for Nifty is now positioned at the 10-20 EMA zone of 21750-21800, with resistance at higher levels expected around the 22120-22100 zone.
BUSINESS
Experts advise ‘buy-on-dip’ Nifty and ‘sell-on-rise’ Bank Nifty
In times of volatility IT stocks and banking stocks has exhibited negative correlation which can be exploited through a pair trade.
BUSINESS
Sustained selling pressure to cap Nifty in near-term at 21,800: Technical experts
Prepare for meaningful retracements say experts noting that the market may have topped at 21,800. On day trading basis Nifty finds its supports placed at 21,450-21,500 and is weak until below the 21,700 level.
BUSINESS
F&O Manual | Indices move sideways, Nifty to trade in 21,500-21,725 range
The 21500 put and 22000 call options have garnered the highest Open Interest. There have been fresh additions to Open Interest in call writing, particularly at the lower strikes of 21700 and 21900, as the Nifty declined below 21700. Nifty is likely to trade within the range of 21500-21725 today.
BUSINESS
Where is Nifty, Bank Nifty headed after Feb 12 slump? Rangebound trade likely, check support, resistance
The combined weakness in PSU and private banking stocks could drag Bank Nifty index to levels 44,000-43,800, with a formidable resistance of around 45,600.
BUSINESS
Nifty, Bank Nifty weakness to persist, volatility up 5%
On daily charts, Nifty Bank formed a bearish engulfing pattern. A close below 44,900, which is its 200-DMA, will technically land the banking index in the bearish territory
BUSINESS
Why banking stocks are diverging post RBI’s policy announcement
The technical structure of PSU Banks is stronger than private banks, leading PSU Banks stocks to outperform. However, the weightage of private banks is higher in the Bank Nifty index compared to PSU Banks, causing the Bank Nifty to fall.
BUSINESS
F&O Manual | Indices trade lower; Nifty positive bias above crucial support at 21,650
Considering most of the events and results from heavyweights are now over, as per experts current high volatility suggest some caution. A move below 21650 levels may induce further cuts in headlines indices.
BUSINESS
Yes Bank up 5%, analysts say a break above Rs 33 will trigger next up move
Analysts says a decisive breach of the 33-mark can trigger a second round of upward movement, potentially pushing the stock above Rs 40 in the medium term
BUSINESS
F&O Manual| Indices trade marginally up; Nifty view negative to below 21,850
The day trading view for Nifty remains negative till it remains until below 21,850, with supports at 21,650 and 21,500
BUSINESS
F&O Manual | Nifty falls as RBI holds rates steady, VIX suggests volatility may persist
As earnings season progresses and markets track global developments, the volatility is expected to prevail. Experts suggest adopting a prudent strategy of accumulating quality stocks on declines is advisable.
BUSINESS
CDSL channel breakout sparks optimism, stock surges 4%
On Wednesday, CDSL's total volume reached 59.68 lakh, surpassing the last 50-day average volume of 10.07 lakh. Furthermore, the stock exhibited a substantial bullish candle on the breakout day, further reinforcing the strength of this upward movement.
BUSINESS
Aditya Birla Capital gives trendline breakout signaling 'buy'
Derivative data suggests that the February series future has surged by 4.19 percent. Sudeep Shah recommends accumulating the stock in the zone of Rs 188-186 with a stop loss of 180. On the upside, it is likely to test the levels of Rs 200, followed by 206 in the short term.
BUSINESS
Stocks on the radar | Some Nifty 500 stocks trade higher ahead of results
Shree renuka sugars, Indigo paints, Alkem Laboratories, SVJN, Easy trip planners amongst the top gainers constituent of nifty 500 index trading higher ahead of results.
BUSINESS
F&O Manual | Indices trade higher; Bank Nifty on short-covering rally with resistance at 46,000
Support levels for the Nifty are now identified at 21,850 and 21,700-750. On the upside, the immediate psychological resistance for the Nifty is at the 22,000 mark, with the subsequent resistance zone situated at 22,125-150
BUSINESS
F&O Manual | Indices trade higher; Nifty likely to rebound on hold above 21,900
Going forward, the resistance is seen at 21850-21900, while support is placed at 21600-21650 zone, which is a confluence of 10-20 EMA. In case 21600 is breached, Index could witness a further slide towards 21450-21470 zone on the downside. Above 21900, the Index could witness an extension of its rally rebound towards 22070-22150 levels.
BUSINESS
Fin Nifty weekly expiry likely to be in 20,150-20,300 range; near term support at 20,150
The trend is likely to be volatile. The index it needs to hold above 20,250 to move towards 20,450 and then 20,600 levels. A slip can result in a decline towards 20,100 and then 20,000
BUSINESS
Sensex, Nifty trade in green despite global headwinds, Bank Nifty in red
Nifty's immediate support lies at 21,650, followed by 21,500 zones, while resistance is expected at 21,850 and then 22,000 zones. Now, it has to maintain levels above 21,750 zones for an upward movement towards 21,850 and 22,000 zones.
BUSINESS
F&O Manual| Indices trade flat, support for Nifty at 21,700
As the Nifty has spend considerable time below 21,700 in the last few weeks, it will act as immediate support. Resistance will be at 22,000-22,100
BUSINESS
Finnifty expiry trading range at 20,400-20,800, crucial support likely at 20,400
The overall view suggests a probable trading range for the day between 20400 and 20800. A breach below 20400 could lead to the next support level at 20200. Conversely, a fresh upward movement is expected if the resistance at 20900 is overcome.
BUSINESS
F&O Manual | Volatility index crosses 16; Nifty may test 22,000 on trading above 21,750
Nifty February series kickstarts with long OI additions of over 4 percent at 0.6 bps. As per experts a sustenance above 21750 is expected to reverse the weak scenario for the index and would place it on a firm footing ahead of the budget
BUSINESS
Budget 2024 | Do's and Dont's for traders to protect from big losses on Budget day
Bear put spreads, calendar spreads and iron butterflies are some of the strategies recommended by analysts. One analyst advises traders to enter into trade during the last hour of the market during budget day
BUSINESS
F&O Manual | Indices trade positive; Nifty relief recovery make take it to 21,650 ahead of Budget
The Nifty Relative Strength Index (RSI) has cooled from the overbought territory, which may assist the index to minimise its slide
