F&O: Nifty forms Bullish Pennant pattern, is poised for further rally

By Chandan Taparia Nifty opened with an upside gap for the fourth consecutive session and remained in the positive territory throughout Thursday’s session. The index registered a new all-time high at 12,158 and formed a small green body candle on the daily chart. Nifty is sustaining well above the breakout level of the Bullish Pennant … Read more F&O: Nifty forms Bullish Pennant pattern, is poised for further rally

F&O: VIX shoots up 4.24%, Nifty trading range at 11,800-12,200

By Chandan Taparia Nifty50 on managed to surpass Thursday’s high and extended the gains towards the 12,034 mark in the first half of Friday’s session. However it failed to hold the gains above 12,000 level and drifted sharply towards the 11,888 level. It formed a bearish candle on the daily scale and a Doji on … Read more F&O: VIX shoots up 4.24%, Nifty trading range at 11,800-12,200

Dear investor, don’t worry about cars; keep your eyes on the road

By Andy Mukherjee India’s plunging auto sales are making investors nervous. Their bigger worry should be the vanishing new roads. The country’s top six automakers reported a 29% decline in August sales. A 45% slump in commercial vehicle sales by Tata Motors Ltd., the No. 1 Indian truck maker, added to the gloom. With GDP … Read more Dear investor, don’t worry about cars; keep your eyes on the road

Urgent need to restore confidence among businesses, investors: Navneet Munot

Mumbai: There is an urgent need to restore confidence among the business and investor community, said Navneet Munot, CIO – SBI Funds Management. The business sentiment has taken a beating following GDP growth hitting multi-quarter lows and various high frequency data points hinting at a slowdown and loss of confidence. “The animal spirits (for both … Read more Urgent need to restore confidence among businesses, investors: Navneet Munot

Tech View: Below 200-day EMA, Nifty50 giving only bearish vibes

NEW DELHI: Taking the losing streak into the sixth session in a row, Nifty barely closed above the 11,250 level on Thursday, after testing the 11,350-60 range in intraday trade. This suggested selling on every rise. This was the second day when the index stayed below the 200-day EMA, which made analysts believe the weakness … Read more Tech View: Below 200-day EMA, Nifty50 giving only bearish vibes

Trade setup: Post short-covering push, Nifty desperately needs fresh buying

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In a rangebound session on Monday, the domestic stock market opened higher and consolidated in a range with NSE Nifty ending with a gain of 35.85 points or 0.31 per cent. The index, which continues to be precariously poised, has shown the possibility of more pullbacks given the buy signals generated on the short-term oscillators. … Read more Trade setup: Post short-covering push, Nifty desperately needs fresh buying

Tweet Buster: Right time to enter stocks & economic revival soon?

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NEW DELHI: Indian markets witnessed bulls hammering during the week gone by as investors gave a thumbs down to Union Budget amid somber global mood following weak China data that raised concerns over slowing global economy. Both Sensex and Nifty extended their weekly loss into the second week, falling 1.97 per cent and 2.18 per … Read more Tweet Buster: Right time to enter stocks & economic revival soon?

The Long & Short of Thursday’s market: What are futures & options saying

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By Gaurav Garg Nifty futures for July contract on Thursday closed at a premium of 3.40 compared with the spot. The index in the cash segment closed 0.73 per cent higher than yesterday, gaining to 11,582.90, due to strong global cues. In the derivative segment, maximum Put open interest (OI) was at 11,500 followed by … Read more The Long & Short of Thursday’s market: What are futures & options saying

F&O: Bears keep a tight grip on market; Vix keeps falling

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By Chandan Taparia Nifty50 failed to hold above the 11,580- 11,600 zone on Wednesday and remained under pressure for most part of the session to close below 11,500 level. It formed a Bearish Candle on the daily scale as the bears held a tight grip on the market. As long as it holds below 11,600 … Read more F&O: Bears keep a tight grip on market; Vix keeps falling

Tweet Buster: How to build a bespoke midcap portfolio; will rupee rally ahead?

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NEW DELHI: Benchmark indices closed higher for the first time in four weeks. Multiple positive developments on the global trade front pushed the stocks higher. But what would guide the market next week is Union Budget. “There will possibly be an increase in volatility ahead of Budget. Since the importance of the event is high … Read more Tweet Buster: How to build a bespoke midcap portfolio; will rupee rally ahead?

Tech view: Bullish Engulfing candle on charts shows Nifty is looking up

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NEW DELHI: Nifty50 staged a smart recovery on Tuesday and shut shop around 11,800 level. In the process, the 50-stock pack formed a ‘Bullish Engulfing’ candle on the daily chart. Analysts said the index consolidated in the 11,850-11,650 range for past seven sessions and a breakout of the range is necessary for any strong directional … Read more Tech view: Bullish Engulfing candle on charts shows Nifty is looking up

Are auto ancillary stocks worth your money? Here’s what experts say

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Auto ancillary stocks have seen a significant decline in the calendar year 2019 (CY19) with some of the names tumbling up to nearly 60 per cent. The fall comes on the back of an overall economic slowdown, which has impacted the entire auto segment. For instance, volumes have been weak in May 2019 for most … Read more Are auto ancillary stocks worth your money? Here’s what experts say

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