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[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] Sensex recovered most of its losses to close marginally down in a volatile session on Tuesday even as private lender IndusInd Bank slumped 27 per cent and global markets declined on US recession worries. Stocks that were in focus include names like IndusInd Bank, which fell 27% and PC Jewellers, which gained 0.8% and Mold-Tek, whose shares gained 0.2% on Tuesday. Here's what Viral Chheda, Sr Analyst at SSJ Finance and Securities, recommends investors should do with these stocks when the market resumes trading today. IndusInd Bank After moving in the range of 926-1100 for the past 4 months, price has witnessed a steep correction to trade a four years low of 667 odd levels. In the current week stock has given a correction of almost 30% from its previous week closing level. Stock looks weak and we can see further dip till 600-550 odd levels. Live Events As the stock is facing more selling pressure we would recommend staying away from it ...

[hfe_template id='11223'] [ad_1] The Indian equity markets have shown signs of recovery, with the Nifty rebounding from its oversold trajectory. However, Rajesh Palviya, technicals and derivatives analyst at Axis Securities, cautions that the rally remains fragile unless key resistance levels are surpassed. In an interaction with ETNow, he highlighted the significance of 22,750 as a pivotal level that needs to be breached for a stronger uptrend. "There is a recovery from oversold trajectory of Nifty. But still, we are trading below to 20-day moving average, which is placed at around 22,750 kind of level. So, that level needs to cross in this recovery," he stated. A breakout above this level, he suggests, could fuel"substantial short covering action and then possible extension of rally could be there towards 22,900, even 23,000 level. While the broader market too has shown signs of improvement, Palviya stressed that Nifty must maintain a key support level f...

[hfe_template id='11223'] [ad_1] Though analysts anticipate continued volatility amid uncertainty over the Trump administration’s policies and the RBI’s monetary stance, technical charts indicate a breakout — an early sign of bottom formation with a bullish structure. According to technical analysts, stocks like Reliance Industries, Bajaj Finance, Kotak Mahindra Bank, Tata Consumer, Infosys, UBL, M&M, Eicher Motors, Titan, Havells, SBI Cards, Indian Hotels, Navin Fluorine, and Radico appear promising, with a potential upside of 5-10%. DHARMESH SHAH VICE PRESIDENT, HEAD OF TECHNICAL, ICICI SECURITIES Where is Nifty headed? Benchmarks snapped a three-week losing streak while overcoming volatility amidst budget, FII sell-off. Over the past three weeks, The index has undergone strong base formation at 23,400- 22,800. The breakout from this base formation coupled with the falling trendline breakout clearly indicates the end of the corrective phase in turn suggesting a re...

[hfe_template id='11223'] [ad_1] Indian market closed lower on Thursday tracking muted global cues. The BSE Sensex fell more than 500 points while the Nifty50 managed to hold above 23,500 levels. Sectorally, buying was seen in FMCG while selling was visible in power, energy, oil & gas and realty stocks. Stocks that hit fresh highs include names like Vijaya Diagnostic Center which rose over 1%, and Navin Fluorine closed with gains of over 9% on Thursday. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Hariprasad Kizhakkethara, SEBI Registered RA (INH200009351), Director of Livelong Wealth. Navin Fluorine International: Hold Navin Fluorine International Ltd is primarily engaged in producing refrigeration gases, inorganic fluorides, specialty organofluorines and offers contract research and manufacturing services. • The stock is currently Consolidating between 3824.55 and 3,333 level...

[hfe_template id='11223'] [ad_1] After suffering a brutal selloff in the week before this one, the Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the Nifty oscillated in just 291.65 points before closing with a minor gain. The volatility also cooled off as compared to the previous week. Against the surge of 15.48%, this week saw India VIX declining by 12.17% to 13.24. Following strong consolidation, the headline index closed with a modest weekly gain of 225.90 points (+0.96%). ETMarkets.com From a technical perspective, we are now at a very crucial juncture. On the one hand, the Nifty has closed below the 200-DMA placed at 23,861. On the other hand, the Index is just above the 50-week MA at 23,568. Rounding off, this puts Nifty in a very fragile range of 23,860-23,500. The Ni...

[hfe_template id='11223'] [ad_1] After staying in the green following a sharp rebound the week before this one, the markets finally succumbed to selling pressure after failing to cross above crucial resistance levels. The Nifty stayed under strong selling pressure over the past five sessions and violated key support levels on the daily charts. The range remained wider on the anticipated lines; the Nifty traded in a wide 1,243-point range over the past days. Volatility shot up as well; the India VIX surged 15.48% higher to 15.07 on a weekly basis. Following a weak performance, the headline index closed with a weekly loss of 1,180.80 points (-4.77%). Over the past few days, the Nifty has shown many technical events highlighting the importance of some key levels. The index resisted the 100-DMA for several days and the 20-week MA for some time; this highlights the importance of these levels as key resistance points for the markets. In the process, the Nifty closed below the ...

[hfe_template id='11223'] [ad_1] The markets had a wide-ranging week once again; however, they ended near its high point this time. The Nifty had ranged sessions for four out of five days; the last trading day of the week saw the Nifty swinging wildly before closing near its high point. The trading range also remained wider; the Index oscillated 611 points over the past sessions. The volatility, though, took a back seat. The India VIX came off by 7.69% to 13.05 on a weekly basis. The Nifty closed a notch above its immediate resistance points; the headline index finished the week with a net weekly gain of 90.50 points (+0.37%). Agencies The week was set to end on a negative note had the markets not surged higher on Friday. From a technical perspective, Nifty has resisted the 100-DMA placed at 24709 over the past several days. Following a massive rebound that the Nifty witnessed from lower levels, the Index has closed a notch above this important resistance level. For this...

[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] Market Overview The markets continued to stay tentative over the past five days, trading with a weak undertone as the Nifty digested the reaction to the US election outcome. Although there were two days of a strong technical rebound, this was subsequently sold into, which kept the Nifty in a broadly defined range. The trading range was wider than usual, with the Nifty oscillating in a 721-point range. Volatility cooled off, and the India VIX declined by 6.95% to 14.47 through the week. Following this ranged trade with a weak underlying bias, the headline index closed with a net weekly loss of 156.15 points (-0.64%). ETMarkets.com Technical Analysis From a technical perspective, the markets are not out of the woods yet. The Nifty has violated the 20-week moving average, which currently stands at 24,775. This level also coincides with an extended trendline that initially acted as support but now acts as resistance. Below this point, there a...

[hfe_template id='11223'] [ad_1] Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday, helped by fag-end buying in banking counters and a firm trend in global markets. Stocks that were in focus include names like Maruti Suzuki, which fell 4.16%, Cipla, which was down 1.6%, and Adani Ports, whose shares jumped nearly 2% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst, SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Maruti Suzuki After making double bottom around 7900 in Mar 2023, price has given a sharp upside move to make an all time high of 13540. Price has given almost 71% returned from its lower level as buyers were having the upper hand over bears. In the last 25-30 weeks price has moved in range of 11500-13550 and in the current week with high volume price has breached the Distribution Phase and moving below the range we can see ...

[hfe_template id='11223'] [ad_1] The over-deviated markets continued to extend their losses for the fourth week in a row. Over the past five days, barring a few feeble attempts to stage a technical rebound, the Nifty remained largely under sustained selling pressure. The markets extended their downsides while giving up key supports on the daily charts. The trading range widened again; the Nifty oscillated in a wider 904-point range before ending with a decent cut. The volatility also spiked; the India Vix surged by another 12.23% to 14.63 on a weekly basis. Following a largely bearish setup throughout the week, the headline index closed with a net weekly loss of 673.25 points (-2.71%). ETMarkets.com The coming week is a truncated one; Friday is not a trading holiday but it will just have a very short, one-hour ceremonial Mahurat Session. Overall, the volumes are expected to remain low given the festive season. The Nifty has violated the 100-DMA on the daily chart which s...

[hfe_template id='11223'] [ad_1] The markets closed on a negative note for the third week in a row. Over the past five sessions, the Nifty remained largely on a declining trajectory, except for the last trading day where it saw some relief rally from the lower levels. Following a strong weekly decline of 1167 points two weeks ago, the Nifty has thereafter traded relatively in a lesser range but has by and large exhibited a weak bias. The trading range this time remained similar to that of the previous week; the Nifty oscillated in 644 points over the past five days. The volatility remained stagnant; the India VIX came off by 1.38% to 13.04 on a weekly basis. While continuing to find short-term pattern support, the headline index closed with a net weekly loss of 110.20 points (-0.44%). Many important levels have been tested over the past week; a few important levels need to be watched as well. The Nifty tested the 20-week MA, which currently stands at 24657. The 100-Day M...

[hfe_template id='11223'] [ad_1] The week that went by was in complete contrast to the week before as the markets heavily consolidated in a tight range. In the week before this one, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of any directional bias and ended the week on a flat note. The volatility also tapered down; the India VIX came off by 6.42% to 13.22 on a weekly basis. The trading range also got much narrower; the index oscillated in a range of 539.70 points. Following some strong consolidation, the headline index closed flat with a minor weekly loss of 50.35 points (-0.20%). ETMarkets.com The coming weeks are crucial for the markets from a short-term perspective. The NIFTY Bank and FINNIFTY will cease to have weekly contracts beginning November 20 following the SEBI’s recent directives. It will be only NIFTY that shall have weekly contracts. This may keep the indices a...

[hfe_template id='11223'] [ad_1] Domestic markets slumped nearly 1% in a topsy-turvy trading session on Friday amid escalating tensions in West Asia and consistent FII outflows. Stocks that were in focus include names like M&M Financial, which fell 6.5%, Angel One, which declined 4.4%, and Vedanta, whose shares were down 0.49% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. M&M Financial The counter has witnessed lower lows and lower high formation on the daily chart. The Overall structure is distorted as it trades below its all-important moving averages (9, 20, 50-DMA) however it has a demand zone near 290 at 200-DMA. On the upside, 320 is an immediate susceptible area; above this, we can expect a run-up towards 330+ levels in the near term. DMart The counter has witnessed a breakdown of a long consolidation pattern on the daily chart...

[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 ...