Jan 17, 2022 07:50 AM IST
For the week, 18,350 remains the level to watch. Once it is surpassed, there is no major hurdle visible before 18,600
- Jan 14, 2022 07:38 AM IST
The Nifty has resistance in the 18,270-18,330 zone whereas the support lies at 17,900 mark, says Malay Thakkar of GEPL Capital.
- Jan 13, 2022 07:57 AM IST
Nifty50 is most likely to cap near its previous resistance zone which is placed at 18,600 and if the index manages to cross it, 19,000 will be on the cards soon. The immediate support for the index is placed near 17,900 levels, says Rohan Patil of Bonanza Portfolio.
- Jan 11, 2022 07:24 AM IST
Vinay Rajani of HDFC Securities says they believe that the Nifty is in uptrend and dips should be utilised to create longs positions. Support for the Nifty is seen at 17,640. Upside targets for the Nifty are seen at 18,210 and 18,610
- Jan 07, 2022 07:23 AM IST
Vidnyan Sawant of GEPL Capital believes the Nifty will face strong resistance at 18,210 and 18,604 mark. On the flip side, the support levels would be placed at 17,380 and 16,830 levels.
- Jan 06, 2022 07:06 AM IST
The Nifty50 is rising above its short and medium-term moving averages which is a positive sign and the participation from largecap counters is what gives confidence to investors.
- Jan 05, 2022 07:10 AM IST
Momentum indicator RSI has moved above the 60 mark that may generate thrust for further upside. Nifty is giving proper follow-up of bullish reversal morning star candlestick formation on the weekly chart
- Jan 04, 2022 07:09 AM IST
Nandish Shah of HDFC Securities believes that the short-term trend will remain bullish till the Nifty is trading above 17,200 levels
- Jan 03, 2022 07:24 AM IST
Traders are advised to trade with a positive bias as long as the index remains above 17,000–16,800
- Dec 30, 2021 07:35 AM IST
The range of 17,000-17,300 on Nifty50 is very tight and bulls and bears are defending their respective territory very strongly. The major averages are flatting out. It shows that upper side move will be limited though downside also kept near to 17,000.
- Dec 29, 2021 07:37 AM IST
The derivative data indicated that Put writers look confident and have a strong belief that Nifty won't fall below 17,000 before the expiry while the upside is open up to 17,500 level, says Santosh Meena of Swastika Investmart
- Dec 28, 2021 08:15 AM IST
Vinay Rajani of HDFC Securities says markets are on their path to recovery, however, short-term bullish trend reversal will be confirmed only above 17,170
- Dec 23, 2021 07:17 AM IST
Nifty has reached a good hurdle zone of 16,950. If it manages to sustain above it, then some short-covering can't be ruled out and 17,140 will be the next level for the index. The immediate support is coming near 16,850, says Vishal Wagh of Bonanza Portfolio.
- Dec 22, 2021 07:29 AM IST
NIfty is expected to remain volatile and likely to trade in a broader range of 16,500-17,000. The Nifty is still holding above its 200-day exponential moving average which is placed around 16,300 levels on daily charts, says Shitij Gandhi of SMC Global
- Dec 21, 2021 07:34 AM IST
Nandish Shah of HDFC securities believes that, short term trend of the Nifty remains weak. Therefore, their advice is to remain cautious till Nifty closes above the 17,000 levels.
- Dec 20, 2021 07:32 AM IST
Now the way the market tumbled on Friday, recent swing low of around 16,800 is in jeopardy now. "We will not be surprised to see it happening to test 16,500-16,200 zone on the Nifty50," says Sameet Chavan of Angel One.
- Dec 17, 2021 07:23 AM IST
Looking at the price action, Karan Pai of GEPL Capital believes that the 17,200 mark is going to act as a make-or-break level. If the prices manage to breach below the 17,200 mark we might see an acceleration in bearish momentum.
- Dec 16, 2021 07:25 AM IST
The Nifty is expected to trade in a range of 17,600–16,900 for the next few trading sessions until prices do not give any superior move on the either side of the range
- Dec 15, 2021 07:23 AM IST
Technical indicators suggest that volatility is likely to grip market in the upcoming sessions as well. However, the Nifty has completed one leg of correction, after a steep run-up seen last week and now the index is trading near important retracement support levels at 17,200 and 17,100.
- Dec 14, 2021 07:36 AM IST
Traders should remain nimble-footed and vigilant while deciding on stocks to buy for the trading. Risk measures should be taken properly before taking big position in swing trading, said Vinay Rajani of HDFC Securities
- Dec 13, 2021 07:47 AM IST
One needs to now start lightening up longs if Nifty extends the relief move in the coming sessions, says Sameet Chavan of Angel One.
- Sep 20, 2021 07:25 AM IST
"As far as levels are concerned, 17,700–17,800 are to be seen as immediate hurdles whereas, on the flip side, 17,450–17,250 should be treated as key supports," said Sameet Chavan of Angel Broking.
- Sep 17, 2021 07:23 AM IST
Key support levels for Nifty are 17,254 (2-week low) and 16,722 (gap support). On the upside, key resistance levels are 18,111 (50 percent extension level of the rise from 7,511-15,431, projected from 14,151), said Vidnyan Sawant of GEPL Capital.
- Sep 15, 2021 08:08 AM IST
For Nifty, 17,250-17,200 zone would act as strong support with bias likely to remain in favour of bulls, said Shitij Gandhi of SMC Global Securities.
- Sep 14, 2021 07:26 AM IST
After the sharp rally of nearly 1,500 points on Nifty, it is possible that the index may consolidate in the coming days