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NEW DELHI: NSE Nifty and its BSE counterpart Sensex both shed nearly 2 percent as the broader market saw a sell-off led by bank and financial stocks. The 50-pack Nifty formed a long bearish candle on the daily chart as the index continued its losing streak for the fourth consecutive session. On the technical front, Shrikant Chouhan of Kotak Securities said, the Nifty50 has taken support at 13,950 level and it is possible that the index may give a healthy bounceback to 14,400-14,500 ahead of the Budget or the day of the Budget. “Indian bourses mirrored mixed sentiment from global peers with ...

Explore Now NEW DELHI: Continuing its recovery path, the Nifty gained 1 per cent on Wednesday forming a bullish candle on the daily chart. Rohit Singre, Senior Technical Analyst at LKP Securities said, “On the hourly chart, it seems index is in V-shaped recovery and if it turns to be true then we may see a current pullback to extend further towards 13,775, which is previous swing high and on other hand, good supports are formed near 13,550-13,460 zone.” "Market is continuing its rally amidst concerns over new virus strain, lockdown and weak global cues, fueled by IT, mid and smallcaps. Th...

Ahead of Market: 12 things that will decide stock action on Monday SECTIONS Share Synopsis Now the Nifty50 needs to continue to hold above 13,350 to witness an upmove towards 13,750. Shutterstock.com Overall, the lower levels of volatility suggests that bulls are holding a tight grip and any small decline could be bought in the market. Before ending the last week at 13,513.85, Nifty formed a Doji candle with a long lower shadow on Friday, indicating a lack of momentum in the rally. But this also signals that every dips are being bought into. Chandan Taparia of Motilal Oswal Securities said,...