Page 2 - Inside Bar News Today

Sensex Today | Stock Market LIVE Updates: SpiceJet has expressed interest with the Resolution Professional of Go First and wish to submit an offer post diligence, with a view to creating a strong and viable airline in a possible combination with SpiceJet. BSE Midcap index down 0.5 percent and smallcap index is trading flat.

Positive setup was seen in stocks like IRCTC, Siemens, Zydus Life, Hind Copper, NALCO, Indiabulls Housing Finance, SAIL, Exide Industries, Granules India, BHEL, Bajaj Auto, CUB, IGL, etc. among others.

The benchmark NSE Nifty 50 index lost 0.18% to 21,418 points, while the S&P BSE Sensex settled 0.24% lower at 71,315.

“Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms. The uptrend remains intact as long as the sequence of higher tops and higher bottoms is sustained. Also, it is trading above its short and long-term moving averages. The momentum indicators and oscillators are also supporting the overall bullish chart structure,” he says.

India VIX was up by 2.68% from 11.83 to 12.14 levels on Monday. Volatility was slightly higher but the overall market was in a broader trading range.

India VIX was down by 1.78% from 11.07 to 10.88 levels on Friday. Volatility has been cooling off from the last two sessions and aided in support-based buying in the indices.

From a technical perspective, the market formed an Inside Bar on the charts as Nifty formed a lower high and higher low. More importantly, Nifty defended the strong support zone of 18,850-18,900 levels. As of now, unless violated, this zone remains a very strong support zone for Nifty.

Volatility has been moving in a narrow range around 11 zones and thus not creating any major panic in the market with a capped upside.

Concerns regarding rising crude oil, yield and gold prices, coupled with the pessimistic sentiment stemming from the Israel-Gaza conflict and geopolitical tensions, have sent the Dow Jones into a...

The options data indicates that the Nifty may face resistance at the psychologically important 20,000 mark, with support at 19,700-19,600 area