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Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "Nifty remained range bound for the second consecutive session, confined between the 21 EMA and the 55 EMA. In the short term, the trend remains positive, with a "buy-on-dips" strategy favoring traders. On the lower end, 23,950–24,000 might act as crucial support levels, while 24,500 could act as a key resistance level. A decisive move above 24,500 might trigger a further sharp ral...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-11-26 05:03:36 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities    "The Nifty opened with a gap-up on Monday and traded sideways throughout the day. The index has moved above the 21 EMA, indicating improving sentiment. The RSI is in a bullish crossover and trending upward. The sentiment is expected to remain positive in the short term, with buying on dips likely to favor traders. On the higher side, 24,500 is expected to act as a crucial resistance; a decis...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-11-25 06:18:09 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty remained volatile throughout the session due to a sudden spike in geopolitical tensions between Russia and Ukraine, causing the index to fall below its 200-day moving average (DMA) once again. On the technical front, the Nifty managed to hold above its recent low, indicating a potential bullish reversal as long as it does not breach the 23,350 level. Conversely, if the index sust...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-11-19 04:47:05 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities "Nifty exhibited some volatility during the day, slipping near a historical congestion level on the daily timeframe. On the daily chart, the index has been trading below the 200-day moving average (DMA) for the past two sessions. The RSI has entered the oversold zone, accompanied by a bearish crossover. While the overall chart setup remains weak, the selling pressure appears to have eased following a...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-11-18 05:13:52 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty slipped from its recent consolidation on the daily chart, indicating growing pessimism in the market. The index has been holding below key short-term moving averages, specifically the 21-EMA and 50-EMA, further weakening sentiment. The daily RSI is declining, accompanied by a bearish crossover. In the short term, the index may move towards the 23,600–23,650 range, while resistance...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-11-12 05:18:07 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The 24,000 level is expected to serve as strong support for the index. If it holds above this level, Nifty bulls may still have an opportunity to regain momentum. However, a break below 24,000 could further weaken the market. The RSI indicator remains in a positive crossover, indicating that short-term momentum is likely to stay strong. In the near term, the index may recover toward 24,500, but a...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-11-08 04:07:05 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty slipped sharply as the index failed to move beyond the 21 EMA, leading to significant profit booking in the market. On the daily chart, a bearish engulfing pattern has formed, indicating weak market sentiment. This sentiment may worsen if the Nifty decisively sustains below 24,200. On the higher end, the 24,500-24,550 range may act as resistance."   Above views are of ...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-11-07 04:28:58 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "Nifty has found support around a historical swing low for the second consecutive day. On the technical front, a Piercing Line candlestick pattern has appeared on the daily chart, suggesting a potential bullish reversal. Additionally, a positive divergence on the daily RSI further strengthens the case for an upward move. Looking ahead, a buy-on-dips strategy could benefit traders as long as N...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-11-05 05:44:17 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty has corrected below 24,000 as the index slipped from its recent consolidation pattern. Sentiment will likely remain weak in the short term or until it decisively moves above 24,100. It might extend its correction towards 23,650 and lower on the lower end. On the other hand, a decisive move above 24,100 could trigger a rally towards 24,500."   Above views are of the ...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-11-04 04:45:14 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty index remained volatile before closing on a negative note. On the hourly chart, it encountered resistance around the 50 EMA, leading to a pullback toward 24,200. Sentiment may continue to remain weak as long as Nifty stays below 24,500, with any rise toward this level likely facing selling pressure. On the downside, support is placed at 24,000, while resistance levels are seen at 24,500...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-10-31 04:34:06 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty has risen slightly after forming a bullish harami pattern. The RSI has entered a bullish crossover near the oversold zone, suggesting positive sentiment in the short term. There is potential for the index to move towards 24,700-24,750 on the upside, while support is positioned at 24,250 on the downside."   Above views are of the author and not of the website kindly read ...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-10-29 05:13:27 pm
Quote on Nifty By Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "Nifty traded in a rangebound manner throughout the session before closing with a marginal loss. The sentiment remains weak as no follow-up buying was visible, despite the formation of a bullish reversal pattern after a significant correction. During the day, it found support around the 38.20% Fibonacci retracement of the previous rally from June 2024 low of 21,281 to all time high of 26,277. Goin...
Quote on Nifty By Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty By Rupak De, Senior Technical Analyst, LKP Securities
Source: LKPSecuritiesLtd
2024-10-24 05:04:59 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty slipped from the head and shoulder pattern on the daily timeframe, leading to a sharp fall during the day. Sentiment further weakened after the Nifty broke below the crucial support level of 24,700. The sentiment may remain weak as long as the index stays below 24,700, with a "sell on rise" strategy favored by market participants. The index has fallen below the 100 EMA for the...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-10-22 05:46:46 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "Nifty remained volatile throughout the day as traders were uncertain about the market direction. On the higher end, it found resistance at the 50EMA on the daily timeframe. Additionally, the index failed to move beyond 25000, which led to selling pressure that pushed it down to 24700. If Nifty falls below 24700, the selling pressure may intensify. However, if it holds above 24700, a smart recover...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-10-21 05:40:10 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty has moved up sharply after forming a panic bottom around 24,570, failing to sustain below 24,700. On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain st...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-10-20 10:16:11 am
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty has found initial support in the 24,700–24,750 zone. On the daily chart, the Nifty has broken down from a bearish flag pattern, suggesting a possible downward move in the short term. The RSI is showing a bearish crossover and is declining. However, this may not be the ideal level to initiate short positions, as the index has experienced a steep correction and is near a double-bott...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP Securities Ltd
2024-10-17 04:18:53 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty remained volatile throughout the day but sustained above the 21 EMA on the daily timeframe. A fall below this level could increase weakness, with the possibility of Nifty dropping below 24,900. If Nifty falls below 24,900, it may trigger a further correction towards 24,700. On the higher side, resistance is seen at 25,200."   Above views are of the author and not of...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-10-15 05:12:13 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "Nifty moved up after a brief consolidation on the daily chart, suggesting a rise in optimism. The sentiment remains strong as the index reclaimed 50EMA on the daily timeframe. On the higher end, strength might continue to the take Nifty towards 25350/25400. On the lower end, support is seen at 24900."   Above views are of the author and not of the website kindly read discla...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-10-15 09:25:01 am
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty formed a bullish harami pattern on the daily timeframe, indicating rising optimism. Additionally, the index has moved above a critical moving average on the hourly timeframe. The RSI has made a bullish crossover in the shorter timeframe, further supporting the positive outlook. In the near term, the index may move towards the 25,350–25,400 range. On the downside, support is placed...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-10-08 04:59:02 pm
Middle East conflict: Stock investors advised to stay calm The escalating tensions in the Middle East region have added volatility to global markets, including Indian indices, especially with crude oil prices rising by over 5 per cent in the past two days, market watchers said on Friday, advising investors to stay calm as the situation is likely to improve soon.   It has been a volatile week for Indian markets. Nifty 50 is down 4.5 per cent, Nifty Midcap 3.3 per cent, and Nifty Smallcap 2.3 per cent. Nifty Metals, however, continued its up...
Middle East conflict: Stock investors advised to stay calm
Middle East conflict: Stock investors advised to stay calm
Source: IANS
2024-10-05 09:13:15 am
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty slipped sharply following a brief pause in the previous trading session, breaking below its recent consolidation. This decline was accompanied by a significant negative divergence in the RSI (14), indicating potential further weakness. Sentiment may remain weak in the near term, with support placed at 25,750. A break below 25,750 could lead to further correction. On the higher side, res...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-09-30 04:53:04 pm
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "The Nifty made another lifetime high as bulls seemed in no mood to back down, despite a weak start. The sentiment is likely to remain positive as long as it remains above 25,900, where aggressive put writing was visible. Technically, the Nifty has sustained above its very short-term moving average. Furthermore, no reversal is visible in the momentum indicator. Therefore, we might witness a range-...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-09-25 04:52:15 pm
Quote on Bank Nifty by Rupak De, Senior Technical Analyst, LKP Securities Below the Quote on Bank Nifty by Rupak De, Senior Technical Analyst, LKP Securities   "Bank Nifty closed at its day’s low, forming a bearish candlestick on the daily chart. The active call writing and put covering suggest weaker sentiment. Traders should maintain a sell-on-rise strategy, with resistance at 52500. Bullish positions are recommended only if the index closes above 52500. Further weakness is expected if it closes below its 21-day EMA at 52000." &...
Quote on Bank Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Quote on Bank Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Source: LKP securities Ltd
2024-07-19 04:56:50 pm
Sensex closes flat after touching 76,000 for first time India equity benchmarks closed flat on Monday following sideways sentiment in the Market. Sensex was closed at 75,390, down 19 points. During the session, Sensex touched the 76,000 mark for the first time and made a new all-time high of 76,009. The BSE benchmark has gained 1,000 points in just 31 trading sessions. Nifty was down 24 points, at 22,932. During the session, the NSE benchmark crossed the 23,100 level for the first time. More action was seen in midcap and smallcap compared...
Sensex closes flat after touching 76,000 for first time
Sensex closes flat after touching 76,000 for first time
Source: IANS
2024-05-27 05:47:46 pm
Auto, real-estate stocks lead broad-based rally in markets The Nifty maintained its strength by staying above 22,500 throughout Monday, exceeding the previous all-time high of 22,619, said Rupak De, Senior Technical Analyst, LKP Securities. "However, the index has reached near the upper band of the rising wedge, which might act as resistance in the short term. The index might consolidate within a range over the short term. On the lower end, support is placed at 22,500, below which the index might fall back into consolidation," De said. ...
Auto, real-estate stocks lead broad-based rally in markets
Auto, real-estate stocks lead broad-based rally in markets
Source: IANS
2024-04-08 04:40:57 pm
Bank Nifty edges higher on robust credit growth Although the RBI policy meeting unfolded as anticipated on Friday, concerns over food inflation and warnings of a heat wave tempered the sentiment, said Vinod Nair, Head of Research at Geojit Financial Services. While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24, Nair said. The global sentiment was dampened by the rise in oil prices and tensions in the Middle East, as investors remain attentive to th...
Bank Nifty edges higher on robust credit growth
Bank Nifty edges higher on robust credit growth
Source: IANS
2024-04-05 04:34:35 pm
Broader markets bounce back after sharp correction The Nifty has been consolidating in a narrow range at higher levels for the last few sessions, while the broader markets have bounced back strongly, especially after a sharp recent correction, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, said on Thursday. While the Nifty closed 80 points, or 0.36 per cent, up at 22,514.65 on Thursday, the Sensex ended 350.81 points, or 0.47 percent, higher at 74,227.63, their best close ever. Sector-wise, it was a mixe...
Broader markets bounce back after sharp correction
Broader markets bounce back after sharp correction
Source: IANS
2024-04-04 05:50:27 pm
Indian markets bucking weak global tend The Indian markets are bucking the weak global trend aided by positive manufacturing PMI data and optimistic expectations of the upcoming Q4 results, Vinod Nair, Head of Research, Geojit Financial Services, said on Wednesday. Buoyancy of the broad market indicates the strength to continue in the short term, he said. Meanwhile, strong US economic data has cast doubts on the US Fed rate cut in June as anticipated by the market. The market is also focused on US Fed Chair Jerome Powell&r...
Indian markets bucking weak global tend
Indian markets bucking weak global tend
Source: IANS
2024-04-03 05:27:57 pm
Global selloff impacts domestic market sentiments  Continued selloff in global markets due to uncertainty over rate cuts impacted the domestic market sentiment, which is currently at an overbought level, Vinod Nair, Head of Research at Geojit Financial Services, said on Monday. While the Nifty 50 closed at 22,332.65 on Monday, down 160.90 points or 0.72 per cent, the Sensex ended at 73,502.64, down 616.75 points or 0.83 per cent. The stronger-than-expected US nonfarm payroll data and caution ahead of the release of US inflation da...
Global selloff impacts domestic market sentiments
Global selloff impacts domestic market sentiments
Source: IANS
2024-03-11 05:40:37 pm
Domestic market remains range-bound The domestic market experienced range-bound movement on Tuesday post hitting new record high the preceding day, influenced by cautious trend in global peers ahead of the US Fed Chair's congressional testimony and key US jobs data, said Vinod Nair, Head of Research at Geojit Financial Services. Nifty 50 closed the day with a loss of 49 points, or 0.22 per cent, at 22,356.30, while the Sensex ended at 73,677.13, down 195 points, or 0.26 per cent. The absence of significant stimulus me...
Domestic market remains range-bound
Domestic market remains range-bound
Source: IANS
2024-03-05 05:18:00 pm
Markets take a breather after recent run-up The market took a breather on Monday after the recent run-up as investors' focus shift from earnings to economic triggers this week, said Vinod Nair, Head of Research at Geojit Financial Services. While Nifty was down 90.65 points, or 0.41 per cent, at 22,123.85 at close on Monday, Sensex was down 352.67 points, or 0.48 per cent, at 72,790.13. The US and India GDP data, eurozone inflation, and US jobless claim data will be influential economic numbers for the central bank to take a ...
Markets take a breather after recent run-up
Markets take a breather after recent run-up
Source: IANS
2024-02-26 05:37:15 pm
Nifty closes at day`s low on profit booking  Nifty opened higher but failed to sustain the morning momentum, leading to a closing at the day's low due to profit booking on Friday, said Rupak De, Senior Technical Analyst at LKP Securities. The Nifty 50 closed at 22,212.70 on Thursday, down 4.75 points or 0.02 per cent, while the Sensex ended flat by 15.44 points lower or 0.02 per cent at 73,142.80. However, the sentiment remained positive for the short term as the index closed above the crucial resistance level of 22,200,...
Nifty closes at day`s low on profit booking
Nifty closes at day`s low on profit booking
Source: IANS
2024-02-23 04:52:00 pm
Nifty pattern indicating at potential pause in ongoing rally The Indian market is facing stiff resistance at higher levels; the valuation of a broader index is at a significant premium, leading to an unfavourable risk reward, which influences investors to book profits, said Vinod Nair, Head of Research at Geojit Financial Services. Global markets traded cautiously awaiting the US Fed minutes, while Chinese markets were buoyed by policy interventions. Concerns lingered since investors were heavily betting on a US FED rate cut, which is put at risk by...
Nifty pattern indicating at potential pause in ongoing rally
Nifty pattern indicating at potential pause in ongoing rally
Source: IANS
2024-02-21 05:29:24 pm
Market sentiment muted as concerns persist on FIIs selling due to premium valuations in India  The market rebounded from Tuesday's sell-off taking cues from global peers, Vinod Nair, Head of Research at Geojit Financial Services, said on Wednesday. The BSE Sensex ended 689.76 points higher at 71,060.31, while the Nifty50 rose 215.15 points at 21,453.95. The sentiment was reinforced by the PBOC's 0.5 per cent cut in reserve ratio to boost growth and financial liquidity. However, the overall sentiment is muted as concerns persist on FIIs selling due to premium valu...
Market sentiment muted as concerns persist on FIIs selling due to premium valuations in India
Market sentiment muted as concerns persist on FIIs selling due to premium valuations in India
Source: IANS
2024-01-24 05:43:12 pm
Small and midcap indices trading above long-term averages The Nifty midcap and smallcap indices, with robust rallies of 42 per cent and 49 per cent on a YTD basis, respectively, now carry a 25 per cent premium to their long-term averages, signalling potential valuation concerns, Vinod Nair, Head of Research at Geojit Financial Services, said on Tuesday. Following the recent impressive surge, the Nifty50 underwent a consolidation phase on Tuesday due to anticipated elevated November inflation in the country, driven by rising food prices, which may...
Small and midcap indices trading above long-term averages
Small and midcap indices trading above long-term averages
Source: IANS
2023-12-12 05:16:19 pm
Oil marketing stocks in limelight on account of fall in crude price Oil marketing stocks were in limelight on Thursday on account of fall in Brent crude price after US inventories expanded and discord within OPEC+ forced the group to delay its upcoming meeting, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. Sugar stocks too witnessed fresh buying due to improved domestic demand. Two-wheeler stocks like Hero Motocorp, Bajaj Auto and TVS Motor were also in focus amid strong sales growth witnessed during the festival seas...
Oil marketing stocks in limelight on account of fall in crude price
Oil marketing stocks in limelight on account of fall in crude price
Source: IANS
2023-11-24 08:57:15 am
Healthcare stocks continue to rally Healthcare stocks continued to rally with Medanta, Fortis, Marksans Pharma, and Vijaya Diagnostic all gaining more than 5 per cent, showcasing that investors are bullish on the sector, says Vaibhav Vidwani, Research Analyst, Bonanza Portfolio. Energy space also witnessed positive action as NTPC and ONGC closed with gains of 1.9 per cent and 1.7 per cent respectively, he said. The broader market indices outperformed the benchmarks showing investor sentiment being positive and in favour o...
Healthcare stocks continue to rally
Healthcare stocks continue to rally
Source: IANS
2023-11-11 09:11:36 am
Nifty advances for second straight day Nifty advanced for the second consecutive day on Friday aided by positive global cues. At close, Nifty was up 0.55 per cent or 107.8 points at 19653.5, said Deepak Jasani, Head of Retail Research at HDFC Securities.Volumes on the NSE were at multi-week lows. Broad market indices rose in line with the Nifty even as the advance decline ratio advanced further to 1.88:1, Jasani said.Global shares mostly rose on Friday in guarded trading ahead of a report on the US jobs market due Friday. Economis...
Nifty advances for second straight day
Nifty advances for second straight day
Source: IANS
2023-10-06 05:50:31 pm
Quote on Nifty : On the upside, 19,800 is expected to serve as a resistance level Says Rupak De, LKP Securities Below View on Nifty 22 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities"Nifty experienced consistent selling pressure throughout the week, resulting in a decline of 2.80% from its all-time high. This recent correction has caused it to dip below the critical 21-day Exponential Moving Average (21EMA). The sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market co...
Quote on Nifty : On the upside, 19,800 is expected to serve as a resistance level Says Rupak De, LKP Securities
Quote on Nifty : On the upside, 19,800 is expected to serve as a resistance level Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-22 04:48:02 pm
Quote On Bank NIfty : Nifty extended its decline as the benchmark index slipped towards 19,700 Says Rupak De, LKP Securities Below The Quote On Bank NIfty 21 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities"Nifty extended its decline as the benchmark index slipped towards 19,700. The Nifty index closed below the 20EMA, signaling a diminishing bullish sentiment. Weakness appears evident with a bearish crossover in the RSI. Selling on rallies remains the favored strategy as long as it stays below 20,000. On the downside, support is situated in the range of 19,700/ 19,630."Above views are of...
Quote On Bank NIfty : Nifty extended its decline as the benchmark index slipped towards 19,700 Says Rupak De, LKP Securities
Quote On Bank NIfty : Nifty extended its decline as the benchmark index slipped towards 19,700 Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-21 05:14:26pm
Quote on Nifty : Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment Says Rupak De, LKP Securities Below View on Nifty 20 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities"Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment. Following a period of consolidation, the index experienced a correction, which could be considered as an early indication of a bearish reversal. Additionally, a negative crossover is evident on the daily RSI. In the short term, it is probable that the Nifty will decrease toward the 19700...
Quote on Nifty : Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment Says Rupak De, LKP Securities
Quote on Nifty : Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-20 04:50:08pm
Investors focused on data releases, central bank meetings Investors are now closely focused on upcoming data releases and central bank meetings scheduled for the coming week, including decisions from the US Fed Reserve, BoE, and BoJ, says Vinod Nair, Head of Research at Geojit Financial Services.Elevated crude oil prices and concerns about inflation initially cast a shadow over the market. However, this negative sentiment was offset by robust domestic industrial and manufacturing production data, as well as a decline in inflation, which propelled th...
Investors focused on data releases, central bank meetings
Investors focused on data releases, central bank meetings
Source: IANS
2023-09-17 02:24:10pm
Quote On Bank NIfty : The sentiment remains positive as the Bank Nifty approaches its all-time high Says Rupak De, LKP Securities Below The Quote On Bank NIfty 15 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities"The sentiment remains positive as the Bank Nifty approaches its all-time high. The strong presence of Put writers at 46,000 has supported the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside...
Quote On Bank NIfty : The sentiment remains positive as the Bank Nifty approaches its all-time high Says Rupak De, LKP Securities
Quote On Bank NIfty : The sentiment remains positive as the Bank Nifty approaches its all-time high Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-15 05:35:02pm
Quote on Nifty : The Nifty continued to exhibit strength as the index reached new highs Says Rupak De, LKP Securities Below The Quote on Nifty 15 September  2023 By Rupak De, Senior Technical Analyst at LKP Securities"The Nifty continued to exhibit strength as the index reached new highs. Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as the Nifty remains above the 20,000 mark. In the short term, there is potential for the Nifty to move towards the 20,480-20,500 range on the upsideAbove views are of the author an...
Quote on Nifty : The Nifty continued to exhibit strength as the index reached new highs Says Rupak De, LKP Securities
Quote on Nifty : The Nifty continued to exhibit strength as the index reached new highs Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-15 05:30:53pm
Quote on Nifty : Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark Says Rupak De, LKP Securities Below Quote on Nifty 13 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities"Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark. Notably, it closed above this threshold, marking a historic closing high for Nifty. The prevailing sentiment remains optimistic, contingent on put writers safeguarding the 19,900 level. A drop below 19,900 could unsettle put writers, potentially triggering market corrections.On the upside, the 20,100-20,150 ran...
Quote on Nifty : Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark Says Rupak De, LKP Securities
Quote on Nifty : Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-13 05:14:59pm
Quote on Nifty : Nifty witnessed a correction as sellers exerted pressure around the 20,100 level Says Rupak De, LKP Securities Below Quote on Nifty 12 September 2023 By Rupak De, Senior Technical Analyst at LKP Securities"Nifty witnessed a correction as sellers exerted pressure around the 20,100 level. However, the correction was contained, thanks to put writers at 19,900 who helped shield the market from further declines. In the short term, the headline index Nifty is expected to maintain its strength as long as it stays above the critical short-term support level of 19,780. On the higher end, a ...
Quote on Nifty : Nifty witnessed a correction as sellers exerted pressure around the 20,100 level Says Rupak De, LKP Securities
Quote on Nifty : Nifty witnessed a correction as sellers exerted pressure around the 20,100 level Says Rupak De, LKP Securities
Source: LKP Securities
2023-09-12 05:49:53pm
Nifty breaches 20K for first time Nifty has finally managed to touch the much anticipated 20,000 mark in the second attempt post July 2023, said Dhiraj Relli, MD & CEO, HDFC Securities.Robust flows from the local investors amidst mixed and negative flows from foreigners have helped Nifty achieve this landmark, he said.Successful achievements recently in space and foreign diplomacy by India has boosted sentiments for Indian stocks generally in an era when the global situation is still shaky. Small-cap and Mid-cap stocks ha...
Nifty breaches 20K for first time
Nifty breaches 20K for first time
Source: IANS
2023-09-11 04:19:05pm
Buoyant sentiments may lift Nifty towards 20K mark over next few days Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.With monsoon gradually improving and India hosting G20 summit over the weekend, sentiments are buoyant and may lift market towards its life high and 20K mark over the next few days, he added.Rupak De, Senior Technical analyst at LKP Securities said the Nifty displayed strength, primarily driven by strong demand for large-cap st...
Buoyant sentiments may lift Nifty towards 20K mark over next few days
Buoyant sentiments may lift Nifty towards 20K mark over next few days
Source: IANS
2023-09-10 12:37:19pm