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February 02, 2023 07:55 AM ISTITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
February 02, 2023 07:48 AM IST KEI Industries shares gained nearly 3 percent to end at record closing high of Rs 1,661 and formed bullish candle on the daily timeframe with long upper and lower shadows, with above average volumes. It has seen higher high higher low formation for fourth consecutive session.
February 01, 2023 10:03 PM IST Based on the OI percentage, as many as 66 stocks saw long unwinding on February 1, including Ambuja Cements, Adani Enterprises, ONGC, LIC Housing Finance, and Oberoi Realty.
February 01, 2023 05:13 PM IST The index remains in a sell-on-rise mode. Immediate resistance is at 17,700-17,750 and support is at 17,400, Rupak De of LKP Securities has said
February 01, 2023 05:55 AM IST Chambal Fertilisers and Chemicals after the short correction has bottomed out near Rs 287 zone and indicated a decent pullback with a big bullish candle pattern on the daily chart to improve the bias. It is moving past the significant 50EMA level of Rs 306 zone anticipating for further upward move in the coming sessions.
January 31, 2023 10:27 PM IST Based on the OI percentage, 81 stocks were on the short-covering list, including Chambal Fertilisers, City Union Bank, Atul, UltraTech Cement, and IDFC First Bank
January 31, 2023 05:14 PM IST The level of 17,700 will be the initial hurdle for the market on Budget Day followed by 17,800-18,000, experts said
January 31, 2023 06:42 AM IST Mahindra CIE Automotive was the fourth gainer in Nifty500 index, rising nearly 7 percent to end at record closing high of Rs 385 and formed long bullish candle on the daily charts which resembles Bullish Engulfing kind of pattern formation.
January 30, 2023 10:42 PM IST Based on the OI percentage, a long build-up was seen in 66 stocks including Coal India, NTPC, Adani Enterprises, PI Industries, and ICICI Bank on January 30
January 30, 2023 05:18 PM IST A pullback rally could be seen if Nifty trades above 17,550 level. Above the same, the market could rally till 17,750-17,800, says Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities. On the flip side, below 17,550, it could slip to 17,400 - 17,350.
January 30, 2023 10:12 AM IST Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
January 30, 2023 06:37 AM IST ITC has formed bullish candle on the daily charts with higher high formation for fourth straight session, with above average volumes for last several sessions. It has given a decent breakout of long downward sloping resistance trend line adjoining multiple touchpoints at higher levels (November 9, November 11 last year, and January 25, 2023).
January 29, 2023 04:45 PM IST Analysts say weakness in the market, which sank to a three-month low on January 27, is expected to continue at least until the presentation of the Budget 2023-24 on February 1
January 29, 2023 10:35 AM IST This week is crucial for the market as there are a lot of events lined up, including the Union Budget, the US Federal Reserve commentary, monthly auto sales numbers, and corporate earnings, all of which will give a direction to the market
January 28, 2023 12:42 PM IST The Sensex and the Nifty ended the week 2% lower in the run-up to Budget 2023 and the US Fed Reserve meeting. The BSE smal, mid and large-cap indices fell 3.5%, 2.6% and 3%, respectively
January 28, 2023 09:48 AM IST In this week, Indian rupee fell 40 paise against the US dollar to close at 81.52 per dollar on January 27 against its January 20 closing of 81.12.
January 27, 2023 05:52 PM IST The 200-day exponential moving average (17,550) and January 27 low of 17,494) are the two levels to watch, though a minor pullback rally can't be ruled out after the bloodbath, say experts
January 27, 2023 03:02 PM IST Experts say the market is jittery ahead of two key events—Union Budget 2023-24 and the US Federal Reserve meeting; see it bouncing back after the Budget
January 27, 2023 08:05 AM IST Route mobile was also in focus, rising 1.4 percent to Rs 1,247 and formed bullish candle with long upper shadow on the daily charts, indicating some profit booking at higher levels.
January 26, 2023 07:32 PM IST Based on the OI percentage, 172 stocks saw long unwinding on Wednesday due to sharp selling pressure in the market, including Marico, Power Grid Corporation of India, HCL Technologies, ITC and Gujarat Gas.
January 26, 2023 04:25 PM IST Mazagon Dock Shipbuilders topped the list of gainers with 178 percent returns while Adani Power rose 144 percent; Indian Bank, Varun Beverages, Swan Energy, RHI Magnesita India and Adani Total Gas were among the stocks that doubled.
January 25, 2023 05:08 PM IST The sentiment may remain negative below 18,000 and the decisive break below 17,800 can drag the index to 17,700-17,600, with resistance at 18,000-18,200 levels, experts said.
January 25, 2023 06:57 AM IST L&T Technology Services was also in action, rising 3 percent to Rs 3,426 and formed bullish candle on the daily charts with upper shadow, with higher high higher low formation after forming Bullish Engulfing kind of pattern in previous session. The volume remained high for yet another session.
January 24, 2023 10:44 PM IST Based on the OI percentage, a short build-up was seen in 54 stocks on January 24, including Container Corporation of India, ONGC, Indus Towers, SBI Card, and Deepak Nitrite.
January 24, 2023 05:02 PM IST Going forward, the psychological 18,000 mark is expected to be crucial support for the index and 18,200 is likely to be key resistance area as surpassing it on a closing basis can take the index to 18,300-18,500 levels, experts say
