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    Technicals

    Technical analysis is a mechanism to identify trading opportunities in the stock market by evaluating statistical data. The statistical data comprises price movement, trading volume, moving average, historical data, charts, breakouts, correct buy points, proper buy zones. This strategy is based on the assumption that the past trading activity of a stock can be an indicator of its future price movements when analysed with suitable rules of trading. This method analyses the ways supply and demand for a stock may drive changes in price, volume, and implied volatility. First time investors often get confused between fundamental and technical analysis. While both methods are used to research and forecast future movement in stock prices, both are different in nature. Like the name suggests, fundamental analysis evaluates a stock on its inherent value i.e. fundamentals. This method involves evaluating a company’s financial statements to estimate the fair value of the business. On the other hand, technical analysis is based on statistical trends and assumes that the stock price has already factored-in all publicly available information. More

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    • Technical View: Nifty 50 gains momentum with third-day VIX drop; 23,800 crucial for rally toward psychological levels, Bank Nifty eyes 56,000

      With the improving trend, the Nifty 50 may move toward the psychological 24,000–24,100 zonein the next few sessions, provided it closes above and sustains 23,800 in the following session. Immediate support is placed at 23,600–23,500, according to experts.

    • Trading Plan: Will Nifty 50 reclaim 23,600, Bank Nifty climb above 55,000 amid elevated oil prices?

      If the Nifty 50 reclaims and sustains above the 23,600–23,700 levels, a rally toward the 23,800–24,000 zone may be seen. Until then, consolidation cannot be ruled out, with support at 23,350.

    • Trade Spotlight: How should you trade Godrej Properties, Chennai Petroleum, Premier Energies, Lumax Auto Tech, Data Patterns, and others on March 18?

      The market is expected to consolidate with range-bound trading after the two-day rally. Below are some short-term trading ideas to consider.

    • Trade setup for March 18: Top 15 things to know before the opening bell as Strait of Hormuz crisis keeps oil above $100

      According to experts, the Nifty 50 needs to close and sustain above the 23,600–23,700 levels in the next few sessions for a move toward the 23,800–24,000 zone. Until then, consolidation may continue, with immediate support at 23,350, followed by 23,000 as a crucial support level.

    • Technical View: Nifty needs sustained close above 23,600 to trigger further sharp rally; Bank Nifty jumps to 55,000 as VIX cools 14% in two days despite oil above $100

      Weekly options data continues to suggest that resistance for the Nifty 50 is placed at 24,000, with support at 23,000. A decisive move is likely only after a breakout on either side of this range.

    • Trading Plan: Will Nifty 50, Bank Nifty extend gains for a second straight session as oil prices ease?

      In case of a further uptrend, the Nifty 50 may face resistance at the 23,500–23,700 zone, followed by 24,000, but the move may look unsustainable due to a sell-on-rally approach. Meanwhile, support is placed at the 23,000–22,950 zone.

    • Trade Spotlight: How should you trade BSE, Linde India, NHPC, PB Fintech, Bajaj Finance, HDFC Bank, and others on March 17?

      The market needs follow-up buying interest and a sustainable close above the previous week's high for stability. Below are some short-term trading ideas to consider.

    • Trade setup for March 17: Top 15 things to know before the opening bell amid oil prices volatility

      Sustainability of uptrend will be the key going forward. Overall, the structure is still in favour of bears, and the focus remains on oil prices, with traders monitoring developments related to the Strait of Hormuz amid ongoing geopolitical tensions between the US and Iran.

    • Technical View: Follow-up buying crucial for Nifty rally, but strong bears, $100+ oil and elevated VIX cap upside; 54,700 key level for Bank Nifty

      Weekly options data suggested that the Nifty 50 is expected to trade in the 23,000–24,000 range in the short term, as a decisive close on either side could provide a firm direction to the index, with immediate resistance at 23,500.

    • Trading Plan: Will West Asia Tensions push Nifty 50 below 23,000, Bank Nifty toward 53,000?

      The Bank Nifty needs to defend 53,500 for a move toward 54,700 (50% Fibonacci level), but a decisive fall below it could open the door for 53,000.

    • Trade Spotlight: How should you trade NTPC Green Energy, Tata Power, JB Chemicals, Sterlite Technologies, Ajanta Pharma, and others on March 16?

      The market may continue to consolidate with a negative bias amid the West Asia tensions. Below are some short-term trading ideas to consider.

    • Trade setup for March 16: Top 15 things to know before the opening bell amid Strait of Hormuz crisis

      According to experts, if the Nifty fails to take support at the psychological level of 23,000, a fall toward 22,700 cannot be ruled out in the upcoming sessions. However, 23,300–23,500 can act as immediate resistance.

    • Chartist Talk: Sudeep Shah flags deeper correction risk as Nifty breaks 61.8% Fibonacci level; suggests two stocks

      Given the current chart structure and weak momentum setup, any near term rebound, if it occurs, is likely to attract fresh selling interest, especially near resistance zones, said Sudeep Shah of SBI Securities.

    • How to follow the trend using PCR OI: Shubham Agarwal

      Markets don't move in straight lines. They bounce on the way down and pull back on the way up. That's exactly what catches traders out, confusing a retracement for a reversal.

    • Technical View: Nifty logs biggest weekly fall since June 2022, nears death cross; Iran war fears push bears to target 22,700; Bank Nifty eyes 53,000

      The fear gauge India VIX remained at elevated levels, rising 13.9 percent during the week to 22.64 (the highest closing level since May 2024), in addition to a 45 percent surge in the previous week, signalling ballooning risk for bulls.

    • Trading Plan: Will Nifty 50 decisively breach 23,500, Bank Nifty slip below 54,500 as Strait of Hormuz crisis drives oil above $100?

      Bearish momentum indicators, along with the continuation of the lower high–lower low structure and the VIX sustaining above 21, signal further weakness. Experts expect the benchmark Nifty 50 to breach the 23,500 support and slide toward 23,000 in the upcoming sessions.

    • Trade Spotlight: How should you trade Ajanta Pharma, HFCL, Timken India, Linde India, Supreme Industries, and others on March 13?

      The market is expected to continue to face risk-off sentiment amid geopolitical tensions. Below are some short-term trading ideas to consider.

    • Trade setup for March 13: Top 15 things to know before the opening bell as oil hits $100 amid Strait of Hormuz tensions

      Bears seem to be keeping tight control over the market in the upcoming sessions, possibly pushing the Nifty 50 below the immediate support of 23,500 and signalling a major risk for the 23,200–23,000 zone. Notably, 23,000 has the maximum Put open interest.

    • Technical View: Selling may intensify if Nifty breaks 23,500 amid oil price volatility; Bank Nifty bears eye 54,200 as VIX stays above 21

      The weekly options data suggested that 23,500 is expected to be immediate support for the Nifty 50, as below it 23,000 is likely to be a major support, both of which have maximum Put open interest. However, 23,700 and 24,000 are expected to be hurdles.

    • Trading Plan: Will Nifty 50, Bank Nifty defend Monday's low amid US-Iran tensions and elevated VIX?

      If the Nifty 50 decisively breaks 23,700, Monday's low, a fall toward 23,500–23,400 can't be ruled out. However, a convincing move above 24,300 can drive the index toward 24,500–24,700.

    • Trade Spotlight: How should you trade Karnataka Bank, National Aluminium Company, Bajaj Finserv, Blue Star, Astral, and others on March 12?

      The market may remain range-bound with a negative bias until it closes above Monday's bearish gap. Below are some short-term trading ideas to consider.

    • Trade setup for March 12: Top 15 things to know before the opening bell as traders track US–Iran tensions

      Momentum indicators maintained sell signals, while the narrowing gap between the 50- and 200-day EMAs increased the possibility of a move toward a death cross, signalling bears having the upper hand.

    • Technical View: Nifty’s 23,700 support at risk amid US–Iran tensions; Bank Nifty falls over 2%, 55,300 crucial as VIX jumps 11%

      The weekly options data indicated that 23,500, which has the maximum Put open interest, is expected to act as support for the Nifty 50, while resistance is placed in the 24,000–24,300 range, which holds the maximum Call open interest.

    • Trading Plan: Will Nifty 50, Bank Nifty see a follow-up rally with oil below $100 a barrel?

      According to experts, a follow-up rally is needed in the upcoming sessions toward the immediate hurdle of 24,400–24,500, followed by the 24,850–25,000 zone. Until then, consolidation with range-bound trading may be seen, with immediate support at 24,000, followed by 23,700,

    • Trade Spotlight: How should you trade Biocon, BlueStone Jewellery, Hero MotoCorp, Emcure, Aurobindo Pharma, and others on March 11?

      The market is expected to see consolidation with range-bound trading in the next few sessions. Below are some short-term trading ideas to consider.

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