Nifty Analysis News Today

As many as 41 stocks in the Nifty 50 index delivered a positive return to investors in the passing week. With a gain of (10.3 per cent), HDFC Life Insurance company emerged as the top gainer in the index.

Over the past couple of weeks, the Indian equity market has been on a roll. It has not only managed to take out a double top resistance at 15,431, but also closed at a new lifetime high of 15,670. The extent of the buoyancy has been such that Nifty has accumulated nearly 1,000 points of gains in just three weeks. The volatility, as represented by INDIA VIX, has fallen another 8.40% and the index currently stands at 15.9400. This is by far its lowest level in recent months. This low point was se...

​While legendary investor Jim Rogers believes that commodities remain one of the cheapest asset classes right now despite a considerable run-up in prices, he warns of a correction in the short-term.

Trade Setup: Nifty may make a technical pullback on Monday; stay away from high beta stocks SECTIONS Trade Setup: Nifty may make a technical pullback on Monday; stay away from high beta stocksBy Share Synopsis ​Mondays session is likely to have a tepid start to the day. The levels of 14,680 and 14,735 will act as immediate resistance points, while support will come in at 14,550 and 14,480 levels. Getty Images The pattern analysis shows that the index was very much within the falling channel ...

Tech View: Nifty50 resistance seen at 14,560; analysts say buy on dips SECTIONS Share Synopsis For the day, Nifty closed at 14,483 level, up 142 points or 0.99 per cent. Mazhar Mohammad of Chartviewindia.in says the 14, 560 level would be crucial for Nifty. Shutterstock.com Independent analyst Manish Shah said Thursdays bullish Piercing Line on Nifty is giving way to bullish sentiment, but the index still needs an additional confirmation of the change in trend, which was absent in the last avai...

NEW DELHI: Niftys promising gap-up on Tuesday proved to be days high, as the index ended the session forming a bearish candle on the daily chart that resembled Bearish Belt Hold. During the day, the Nifty bulls struggled at 14,500 level, even as they defended the crucial support of 14,200 well. The face saving-act, however, did not impress analysts, who believe the index could soon breach the 14,200 level and trigger more weakness. Sameet Chavan of Angel Broking said that the market is struggl...

Tech View: Hammer candle on Nifty charts signals active buying at lows SECTIONS Share Synopsis Analysts said it was testing of the 14,200 level that brought buying on Nifty50 at lows. This level has been offering strong support to the index for the past few weeks and will do so in the immediate future, they said. Shutterstock.com Independent analyst Manish Shah said the context and the location of Monday’s Hammer suggest that the buyers were active in the market. Related NEW DELHI: Nifty50 tu...

Tech View: Nifty forms Hammer on weekly scale, lacks follow-up buying SECTIONS Share Synopsis Chandan Taparia of Motilal Oswal Securities said a ‘Hammer’ on weekly scale is indicating that declines are being bought into, but followup buying was missing at higher levels. Shutterstock.com Mazhar Mohammad of Chartviewindia.in said Fridays selling occurred from an intraday high of 14,697 after the index retraced 62 per cent of its last leg of fall from the highs of 14,984-248 levels. Related NS...

NEW DELHI: After a rangebound session, Nifty50 managed to eke out gains and formed an Inside Bar pattern. It is a two-day price pattern that occurs when the second day’s movement has a range that is completely inside the first day’s price range. Nifty gained 45.70 points, or 0.31 per cent, to 14,683. During the session, the index moved in a range of 205 points, suggesting volatility in the market. “Nifty’s short-term trend remains rangebound. The market is witnessing an alternating ups ...

NEW DELHI: Dalal Street traders turned extremely bearish on Nifty50 formed a long bearish candle for the day after the Maharashtra government imposed serious curbs in the state to stem the spread of Covid infection. Nifty50 tumbled 229 points, or 1.54 per cent, to 14,637 level. At one point of the day, the index had lost over 400 pints, but recovered some ground as some buying emerged at lower levels. Analysts said that buying may prove non-consequential. “Albeit Nifty50 recovered around 180 ...