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[hfe_template id='11223'] [ad_1] The markets closed with gains for the third week in a row as the key indices posted gains while extending their technical rebound. The Nifty had a trending week; it trended higher most of the week. The volatility was largely absent, but the Indices stayed quite choppy on most days except the last day, where it remained flat. The volatility stayed largely subdued; the India VIX retraced by 1.98% to 14.14 on a weekly note. The trading range stayed wider; the Nifty oscillated in an 849-point range over the past five sessions. The headline index finally closed with a net weekly gain of 546.70 points (+2.27%). The markets have paused themselves at a crucial juncture. The Nifty has closed above the 50-DMA, which is presently at 24548. It is just a notch below the 100-DMA at 24707. This level also coincides with the 20-week MA placed at 24720 on the weekly timeframe. So, unless the Nifty closes well above 24720, we have to fairly take the zone o...

[hfe_template id='11223'] [ad_1] After forming a potential top and extending weekly losses, the markets finally took a breather and closed the week on a positive note. It was a truncated week with August 15th being a trading holiday on account of Independence Day. During the past four trading days, the markets remained choppy; however, they remained within a defined range while keeping their heads above the 50-DMA. The trading range remained modestly higher; the Nifty oscillated in a 464.20 points range during these four trading sessions before ending toward their high point. The volatility cooled off a bit; the India VIX retraced 6.08% to 14.40 through the week. The headline index closed with a weekly gain of 173.65 points (+0.71%). ETMarkets.com The markets are still within a range; however, they are currently trading close to the upper end of the defined trading range. Going by the derivatives data, the strikes between 24,500 and 24,800 are seeing the accumulation of ...

[hfe_template id='11223'] [ad_1] The Nikkei share average plunged 2% on Friday, as tech stocks tracked a selloff in Wall Street peers and the threat of currency intervention spurred profit-taking into Japan's long weekend. The Nikkei was down 2% as of 0155 GMT, just over 30 minutes ahead of the midday recess. Chip-making equipment giant Tokyo Electron was the biggest points drag on the index, sliding 5.65%. Smaller peer Disco was the biggest decliner, down 7.25%. That followed a 3.47% slide for the Philadelphia SE Semiconductor Index overnight. Japan's broader, less tech-heavy Topix declined 0.93% on Friday. Despite the selloff, the Nikkei remains up about 1.15% this week, after surging to a record high of 42,426.77 on Thursday. "A natural retreat following that strong three-day rally is the biggest factor behind today's move, I think," Nomura Securities equities strategist Kazuo Kamitani said. The stronger yen due to an overnight surge that many ...