GAGA Share Market News

[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty jumped more than 2% on Tuesday due to positive global market cues after US President Trump announced a temporary tariff relief on phones, computers and popular consumer electronics. Focus will be on the key Q4 earnings including Wipro. Analysts expect positive momentum to continue in the market, on hopes of global trade settlements and softening in US reciprocal tariffs. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 101.50 points, or 0.43 per cent, at 23,283, signaling that Dalal Street was headed for negative start on Wednesday. Tech View: Support is placed at 23,300; a decisive break below this level could trigger a correction towards 23,000. Resistance is placed at 23,370 and 23,650. India VIX: India VIX, which is a measure of the fear in the markets, fell nearly 20% to settle at 16.12 levels. US stocks end lower US stocks ended s...

[hfe_template id='11223'] [ad_1] Options data signals a broad range of 22,600-23,700. Traders may consider a Bear Put Spread strategy to capitalize on bearish momentum and volatility. Synopsis Nifty opened gap down, faced selling pressure, and closed 350 points lower, forming a bearish candle. Key support lies at 23,000-22,800, with resistance at 23,400-23,550. Options data signals a broad range of 22,600-23,700. Traders may consider a Bear Put Spread strategy to capitalize on bearish momentum and volatility. On Tuesday, the Nifty Index opened gap down by around 180 points and after a slight recovery in the first hour, it faced rejection at 23,550 zones and slipped lower throughout the day.It faced profit booking and dropped by 430 points below the 23,150 zone. It took a breather at its 50 DEMA and closed with losses of around 350 points.The index formed a bearish candle on the daily frame with a longer upper shadow indicating pressure at higher BY ETMarkets.com Apr 02, ...

[hfe_template id='11223'] [ad_1] Jay Thakkar recommends a Bull Call Spread, anticipating a close above 23,000. Broader markets saw volatility, but IVs have cooled. Synopsis The Nifty Index held 22,800, showing resilience despite a 1,000-point drop from recent highs. Analysts expect a bounce back, with a range of 22,800–23,100. Jay Thakkar recommends a Bull Call Spread, anticipating a close above 23,000. Broader markets saw volatility, but IVs have cooled. The Nifty index has managed to hold on to 22,800 so far this week, which is quite a positive in the short term. Overall, the Index has fallen by more than 1,000 points from the recent highs of 23,807 levels, however, most of the Index stocks managed to hold on to their previous swing lows, and thus the breadth of the Nifty has not weakened much.“The Index has managed to close above 23,000 on the day of the expiry, hence there is a high BY ETMarkets.com Feb 20, 2025, 10:21:00 AM IST Gift A Story Share member-only storie...

[hfe_template id='11223'] [ad_1] Many stocks recently witnessed an over-correction, as high as 15%, when the Nifty index corrected 8% as of October 24 from it's all-time high of 26,277.35 made on September 24. The index is now trading below the 24,300 level and also below most of its significant exponential moving averages (EMAs). Domestic brokerage firm Emkay Global in a report stated that 64% of the stocks in their coverage universe have fallen more than 15% from their 52-week high, which may now provide an attractive opportunity if they buy this dip. However, it is to be noted that the negative momentum may not turn around immediately in these stocks, but they are all attractive from a 1-year perspective. Below is the list of the same: IndusInd Bank The MFI pain is temporary and this is not a classical down-cycle that wipes out large parts of the book. The bank’s decision to sacrifice growth rather than compromise on credit standards is an overlooked positive. The...

[hfe_template id='11223'] [ad_1] The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones. It formed a bearish candle on a daily frame and closed below 24,500 zones with losses of around 310 points. “Now, till it (the index) holds below 24,500 zones, weakness could be seen towards 24,350 and then 24,200 zones, whereas hurdles are placed at 24,750 and then 24,850 zones,” said Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Wealth Management at Motilal Oswal. On the option front, the maximum Call OI is at 25,000 then 25,200 strike while the maximum Put OI is at 24,000 then 23,500 strike. Call writing is seen at 24,600 then 24,700 strike while Put writing is seen at 24,400 then 24,300 strike. “Option data suggests a broader trading range between 24,000 to 25,000 zones and an immediate range between 24,300 to 24,700 le...

[hfe_template id='11223'] [ad_1] The Nifty Index opened positive above 25400 zones and after a slight slip in the initial hour, it rebuilt strength and touched the all-time high zones. It remained afloat in the second half of the session with consolidation at higher zones. It formed a Doji sort of candle on a daily frame and has been forming higher lows from the last four trading sessions which indicates support is shifting higher. “Now it has to hold above 25350 zones for an up move towards 25550 then 25750 zones whereas supports have shifted higher to 25300 then 25200 zones,” said Chandan Taparia, Senior VP, Equity Derivatives & Technicals, Wealth Management at Motilal Oswal. On option front, Maximum Call OI is at 26000 then 25400 strike while Maximum Put OI is at 25000 then 25400 strike. Call writing is seen at 26000 then 25500 strike while Put writing is seen at 25400 then 25300 strike. Option data suggests a broader trading range in between 25000 to 25800 zones ...

[hfe_template id='11223'] [ad_1] Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.55% at 23862 levels on Wednesday. On the options front, the maximum Call OI is placed at 24000 and then towards 24,200 strikes while the maximum Put OI is placed at 23,500 and then towards 23,700 strikes. Call writing is seen at 23,900 and then towards 24,100 strikes while Put writing is seen at 23,800 and then towards 23,700 strikes. “Options data suggests a broader trading range in between 23,700 to 24,000 zones,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited. FIIs sold to the tune of Rs 3,535.43 cr while DIIs bought to the tune of Rs 5,103.67 cr in the cash segment of Indian equity markts.FIIs' Long short ratio for index futures is at 66.94 as on a net basis, they bought 6,1955 index futures, data showed.“The Nifty index is likely to continue its northward journey ...