Page 4 - Falling Channel News Today

Dalal Street Week Ahead: Nifty behaviour against Falling Channel chart tells you to stay defensive SECTIONS Share Synopsis The 15,000 level remains a sacrosanct resistance point, one lower than that exists at 14,800 level. As long as the 14,800-15,000 range is not taken out convincingly, Nifty will face selling pressure at higher levels on every bounce. Getty Images Defensive stocks from IT, pharma, FMCG and consumption sectors are gaining strength relatively and this phenomenon is likely to p...

In a technically important week, the equity market pulled up from the lows hit in the previous two weeks. Nifty saw a narrower trading range than the week before. The index oscillated in a 446-point range over the past five session and kept on trending on the upside. Except for some intermittent hiccups, the market broadly edged higher. While continuing to stay within the Falling Channel and following a relatively quiet and less volatile week, the headline index ended with a net gain of 192 poi...

Nifty is likely to start the coming week on a soft note and the 14,730 and 14,900 levels are likely to act as key resistance, while the 14,500 and 14,350 levels are likely to offer supports.

Rupee - April 7, 2021 - Reliance Securities Posted On: Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities The Indian Rupee depreciated against the U.S. Dollar on the back of importer demand for the greenback and dollar short covering. The Rupee ended at 74.55 compared with 73.43 in the previous session. The rupee declined 1.5% today, its biggest fall since Aug 5, 2019. Meanwhile, speculations of oil and telecom corporates were buying dollars vigorously in the spot market and foreig...