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The market is now constrained within the immediate support and resistance of 14,970 and 15,250 for the Nifty and a breakout on either side will determine the trend for the upcoming week, says Shah.
Nifty at a high, but only 11 stocks are at record levels: A warning or an opportunity? On February 8, the Nifty for the first time closed above 15,000 and 11 stocks, including names like Adani Ports, Bajaj Auto, & Bajaj Finance, have hit their lifetime highs. February 12, 2021 / 09:43 AM IST The Nifty50 hit the magical 15,000-mark early this month and hit a fresh record high of 15,257 on February 9 but only 11 stocks in the index have reached their record highs, so far, in the month. It should not come as a surprise as most stocks are still playing catch up. The 11 stocks that hit their l...
DAILY VOICE | This fund manager with experience of over 2 decades has advise for retail investors post Budget Retail Investors would indeed laud the budget as it has touched upon the key imperative sectors of the economy, says Kumar. February 12, 2021 / 07:56 AM IST Niraj Kumar, CIO, Future Generali India Life Insurance highlights that the Budget has laid the foundation for a growth conducive platform which will percolate into strong equity market performance over the next few years. In an interview with Moneycontrol’s Kshitij Anand, Niraj Kumar, who has about 20 years of experience in ...
Nifty Gann Square of 9 suggests a close above 15,250 could resume the uptrend: Ashish Kyal In a nutshell, Nifty is flirting around the important Gann level of 15190. A decisive weekly close above 15250 giving some leeway will indicate a resumption of the positive trend. February 12, 2021 / 09:07 AM IST Nifty has reversed sharply post the Budget. But see Gann levels that worked so extremely well in providing support and resistance to prices. See the below chart that shows the classic price action area along with an Expanding pattern. The low created just before the Budget day was near to t...
Participants would be actively tracking key macroeconomic data like IIP, CPI and WPI data for cues on Friday. A decisive break above 15,250 would trigger further up move else consolidation will continue, suggest experts.