Nifty struggles below 200-DMA amid narrow range and low volatility
After suffering a brutal selloff in the week before this one, the Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the…
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Dalal Street Week Ahead: Nifty’s bear trap? Why this dip could be a buying opportunity
After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on…
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Dalal Street Week Ahead: Will Nifty extend gains or re-enter consolidation?
The markets had a wide-ranging week once again; however, they ended near its high point this time. The Nifty had ranged sessions for four out of five days; the last trading day of the week saw the Nifty swinging wildly before closing near its high point. The trading range also remained wider; the Index oscillated…
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Dalal Street Week Ahead: Profit taking time? Nifty faces key hurdle after 3-week rally
The markets closed with gains for the third week in a row as the key indices posted gains while extending their technical rebound. The Nifty had a trending week; it trended higher most of the week. The volatility was largely absent, but the Indices stayed quite choppy on most days except the last day, where…
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Nifty faces key levels; cautious approach advised for the week ahead
The week that went by was in complete contrast to the week before as the markets heavily consolidated in a tight range. In the week before this one, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of any directional bias…
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Stocks to buy today: Infosys, Hindalco among top trading ideas for 17 September 2024
Indian market is likely to trade higher on Tuesday tracking positive global cues. The Nifty future closed in green with a gain of 0.25% at 25,434 levels on Monday. India VIX was down 0.71% from 12.55 to 12.46 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,400…
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GIFT Nifty signals a positive start for D-Street. Here’s the trading setup for today’s session
Domestic markets, after a lacklustre start on Tuesday, came under pressure and closed with losses, marking a second straight day in the red. “We expect the market to continue its consolidation mode due to the lack of any major positive trigger. However, investors should use this dip as a buying opportunity in quality stocks especially…
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