BUSINESS
Where is Nifty headed after touching record high: Check out levels
According to analysts, Nifty is in the overbought territory, and the market may soon see some profit booking. However, every dip should be seen as a buying opportunity as the index is all set for a big rally till the general elections in 2024
MARKETS
Nifty enters overbought territory; RSI at 80 - highest level since July 2023
An RSI reading above 70 indicates an overbought condition.
BUSINESS
ABB India breakouts backed by strong volumes, long positions; short-term target at Rs 4,800
Significant over-the-counter volumes buys leads to breakout in ABB India. At 12:30 pm, ABB Futures December series trades 6 percent higher, up by 250 points.
BUSINESS
F&O Manual | A new high for market; Nifty needs to hold 20,400 for momentum to stay
Nifty Bank, which is leading the bull run ,is overbought, with the next resistance at 46,265. Investors should book profits as a close below the 45,230 support can see the index slip to 43,700 in the near term, analysts say
BUSINESS
Optimistic India growth story: Here's what Deepak Parekh, Narayana Murthy, Uday Kotak and Kiran Mazumdar have to say
At the India Business Leader Awards held on December 2, prominent figures such as Deepak Parekh, Narayana Murthy, Uday Kotak, and Kiran Mazumdar, among others, expressed their unwavering optimism about India's trajectory and future prospects.
BUSINESS
India VIX jumps ahead of election results, stock market braces for higher volatility amid recovery
The India VIX, representing the volatility index, concluded the month of November at 12.69, marking an 8.18 percent monthly gain. With the approaching elections and bullish signals suggesting a market recovery, there is an anticipation of a further surge in volatility.
BUSINESS
F&O Manual | Bulls stage a year-end comeback with short covering and long rollovers strengthening bullish sentiment
Strength to continue in Nifty as we enter the December series. As per analyst, it now has to hold above 20,000 zones for an upward move towards 20,350 and then 20,500 zones, while supports are placed at 19,950 and 19,800 zones
BUSINESS
Long calendar spread: The profit strategy for option writers in times of low volatility
Option writers can use long calendar spread strategy mixing up long duration and short-duration options buying and selling to gain from the difference in their Theta decay
BUSINESS
F&O Manual | Nifty dips in fear of volatility at monthly expiry from MSCI rebalancing
Currently, Bank Nifty is facing resistance at the 100 DMA at 44444 and experiencing strong selling from there. With MSCI rebalancing today, the last hour could be highly volatile says trader.
BUSINESS
Grasim shows bullish setup as consolidation breakout accompanies long build-up
As per analyst the stock is expected to continue its upward movement and test levels of Rs 2100 followed by Rs 2140 in the short-medium term. A stop-loss can be maintained at Rs 1940 on a closing basis.
BUSINESS
Axis Bank: Trendline breakout and long build up signals "Buy"
Analyst recommend accumulating the stock in the zone of Rs 1060-1050 with a stop loss of Rs 1025. On the upside, it is likely to test the level of Rs 1100, followed by Rs 1120 in the short term.
BUSINESS
Where are Nifty, Bank Nifty headed after breaking out above key levels; check support, range
Going ahead, as per analysts, the index appears to be in a 'buy on dips' mood, with 19,500 to 19,600 being a good buy zone for the short term. Immediate support lies near the 19,800 to 19,850 mark, and the benchmark seems poised to reach new all-time highs of 20,200 and beyond.
BUSINESS
F&O Manual | Nifty reclaims 20K on derivatives settlement boost, MSCI inflows
Derivatives monthly settlement, fresh inflows due to MSCI rebalancing, and short covering are helping markets to find momentum. Analysts expect to see continued movement this week,
BUSINESS
F&O Manual | Indices trade flat, small bullish candle holds out hope for Nifty upmove
The options data suggests sideways momentum in the Nifty with key straddle positions at 19,800 and 19,900 strikes. The temporary cooling off should be used as a buying opportunity. say analysts
BUSINESS
Bullish momentum in GMR Infra, long build-up and technical signals suggest upmove
After a decent correction, GMR INFRA has found support support near the 100-DMA, which is situated around 52 levels. The support signals a potential reversal
BUSINESS
Praj Industries counters display robust bullish setup, technical data shows
Analyst suggests traders looking to capitalise on this upward potential to consider an accumulation of the stock in the range of Rs 620 to 622.5. Setting a stop loss at Rs 576 (closing basis) shall help manage risks effectively
BUSINESS
F&O Manual | Nifty trades in positive territory, straddles pile up at 19,800 strike
Above 19900, the index could sustain its rebound rally up to 20050-20100. On the downside for the day, key support is situated at the 19705-19720 zone, with positional supports deeper around 19575-19600, where the 20 Day EMA is positioned. The overall range for the day is anticipated by experts to be 19735-19750 on the downside and 19870-19900 on the upside.
BUSINESS
Balrampur Chini shows horizontal trendline breakout, signals a 'buy'
The technical and derivative evidence indicates a strong upside in the next couple of trading sessions. Analyst recommends accumulating the stock between Rs 462 to 458 with a stop loss of Rs 445 (closing basis) for an upside target of Rs 485, followed by Rs 500 in the short term.
BUSINESS
Pennant breakout pattern signals strong 'buy' for Infosys
BUSINESS
F&O Manual | Bank Nifty sees selling pressure on expiry day; experts say sell on rise
The Nifty needs to stay above 19,750 for an upward move towards 19,850 and the 20,000, with supports at 19,650 and 19,550, analysts have said
BUSINESS
Industrial manufacturing poised for breakout; ABB India a top pick
Technical analyst suggests accumulating ABB India in the range of Rs 4,326 to 4,280 with a stop loss of Rs 4,180 on a closing basis. The upside potential is expected up to be 7 percent
BUSINESS
Tsunami of savings, doubling of equity investors to drive market, says Ramdeo Agrawal
Over the next seven to eight years, the Indian economy is anticipated to reach approximately 7.5 to 8 trillion dollars, with a growth rate of around 9 percent in dollar terms, veteran investor Raamdeo Agrawal has said
BUSINESS
F&O Manual | Nifty may move to 19,850 if it holds above 19,700; put writers to be dominant
The Nifty will have to hold above 19,700 for an up move towards 19,850 then 20,000, while supports are placed at19,650 and 19,550
BUSINESS
F&O Manual | Nifty trades in a range, needs to stay above 19,800 to see buying
As per Axis Securities the chart pattern suggests that if Nifty crosses and sustains above 19800 levels, it would witness buying, leading the index towards 20000-20200 levels. However, if the index breaks below the 19600 level, it would experience selling pressure, taking the index towards 19400-19300 levels,
