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
India’s proposal to embed a government app inside every smartphone is being sold as cyber safety, but it is fundamentally a test of constitutional restraint. The move raises urgent questions about surveillance, personal autonomy and the quality of digital policymaking itself
For the Nifty 50, psychological 26,000 mark can be an immediate support, while the crucial support is placed at the 25,966–25,840 zone. As long as the index holds this crucial support zone, the possibility of a rebound toward the record high can be seen.
The bears may gain strength if the market convincingly breaks the 20-day EMA and the midline of the Bollinger Bands. Below are some short-term trading ideas to consider.
As long as the Nifty 50 trades below 26,300, the key resistance zone for a sharp upmove, consolidation and rangebound trading may continue, with key support at the 25,900–25,850 zone, below which the selling pressure may widen, according to experts.
Analysts said the Nifty must hold the 25,950 zone to attempt a move back toward recent highs.
As long as the Nifty 50 holds the 25,900 support, the possibility of the beginning of a new leg of up-move is high toward 26,500, while the immediate support is placed in the 26,100–26,000 zone.
The market is expected to consolidate further until it gives a convincing close above Monday's high. Below are some short-term trading ideas to consider.
According to experts, the Nifty 50 index may consolidate further with support at 26,100-26,000, followed by 25,900 as a crucial support level. On the higher side, 26,300 is expected to act as a key resistance zone, as a decisive close above it could open the door for a sharp upmove.
Nifty slipped 27.20 points, or 0.10 percent to settle at 26,175.75. The index had climbed 122.85 points or 0.46 percent earlier to hit an all-time high of 26,325.80.
While the Nifty is yet to decisively breach its all-time high, unlike the Bank Nifty, both the price structure and candlestick formations suggest it could do so soon, said Rahul Ghose.
In the ongoing momentum, if the Nifty 50 reclaims and sustains above 26,310 (record high), the 26,500–26,600 levels are the ones to watch, while the immediate key support is placed at the 26,100–26,000 levels.
The trend is expected to remain in favour of the bulls despite consolidation. Below are some short-term trading ideas to consider.
If the Nifty 50 reclaims and sustains above last week's high of 26,310, an upward move toward 26,400–26,500 is likely in the upcoming sessions, while immediate crucial support is placed in the 26,100–26,000 zone, according to experts.
With strong higher-timeframe momentum, resilient support zones, easing FPI shorts, and options positioning favouring a bullish undertone, Nifty enters December on a firmly positive footing.
The Nifty IT index is trading comfortably above its 200-day EMA, reinforcing the ongoing strength in its structure, said Sudeep Shah.
The unique high sensitivity + low time value impact is utmost important in the last few days of expiry. So, be it Intra-Day or BTST best Options to trade in the last few days of expiry are the Lower Strike Calls for bullish view and Higher Strike Puts for bearish trades
The short- and medium-term moving averages trended upward. Momentum indicators and oscillators continued to signal a buy on both daily and weekly timeframes.
The Nifty 50 is expected to consolidate as long as it trades below 26,300, with support at 26,100–26,000. However, a convincing move above 26,300 will open the door for the 26,500 level.
The market is expected to see consolidation until it convincingly surpasses Thursday's high. Below are some short-term trading ideas to consider.
Experts expect the Nifty 50 to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone.
Analysts said the short-term trend remains positive, with scope for the Nifty to move towards 26,500, while major support is seen near 25,800.
Given the strong technical and momentum indicators, the Nifty 50 is likely to hit a record high and the 26,350 zone, provided it surpasses and sustains above the October high (26,247), while support is placed at 26,000.
Given the healthy trend, the market may attempt to touch a record high amid possible consolidation. Below are some short-term trading ideas to consider.
As long as the 26,000 support holds on the Nifty 50, a rally toward the record high near 26,300, followed by 26,500, is possible in the upcoming sessions despite intermittent consolidation, according to experts.
According to experts, the Nifty 50 is likely to march toward 26,000–26,100 if it holds the 25,850 support, but falling below it can give strength to bears for a move toward 25,700.