Page 26 - Technical Analyst News Today

Overall bias remains positive, as the highest concentration in 1600 CE and 1550 CE highlights accumulative stance, says Avdhut Bagkar of StoxBox

It had previously sold a 1.1% stake in the private sector lender through open market transactions in December for about Rs 3,700 crore.

The Nifty on Tuesday ended about 23 points lower to form a small negative on the daily chart, indicating that bulls are getting tired at new highs.

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The Nifty future closed negative with a marginal loss of 0.01% at 22611 levels on Friday. India VIX was up by 1.07% from 11.22 to 11.34 levels. Volatility has risen marginally after the cool-off seen in the last 4 sessions.

List o holidays on BSE, NSE: The stock market will be closed on Thursday, April 11, on account of Id-Ul-Fitr (Ramzan Id); and on Wednesday, April 17, for Ram Navami.

The Nifty 50 ended flat at 22,513 points, and the pattern on the daily chart suggests that the index is consolidating after a sharp run-up, which is a healthy sign.

IREDA shares ended 11.43% higher at Rs 176.45 on Friday after BSE and NSE revised the circuit filter limit for the state-run green energy player to 20 per cent from 5 per cent earlier.

Mazagon Dock vs Cochin Shipyard shares: Shares of Mazagon Dock Ltd and Cochin Shipyard Ltd are among the most sought after stocks in the defence sector. Both scrips have delivered multibagger returns in a year reflecting stellar investor interest during the period. While Mazagon Dock stock rallied 234%, shares of Cochin Shipyard shares rose 344% in a year.

To scale highs, YES Bank must post a robust close over its 50-day moving average (DMA) placed at Rs 25 level.