[ad_1] India Ltd, part of the S&P BSE Sensex index, rose over 1 per cent in the last five sessions and over 11 per cent in one month, leading to a breakout from the 4-month-long consolidation range. The auto stock was moving in a broad range of 1,100 points since February where Rs 8,300 acted […]
Chart Check: A Range Breakout Seen At Siemens Could Take It To Fresh Record Highs
[ad_1] Heavy electrical equipment maker Siemens saw a breakout from a six-month long consolidation, which suggests that momentum is here to stay. The stock, with a market capitalization of over Rs 91,000 crore, hit a 52-week high of Rs 2,586 on July 5, 2022, resulting in a breakout above the neckline of the Rs 2,521 […]
Nifty 50: Tech View: Nifty 50 remains in consolidation range; bias positive
[ad_1] New Delhi: Nifty 50 broke a three-day losing streak on Monday as it formed a bullish candle on the daily chart. Analysts said the index may remain in a consolidation range with a positive bias till it breaks the 15,900 level with a decisive upside bias. They see strong support for the index at […]
Tech View: Nifty 50 remains in consolidation range; 15,900 a handicap
[ad_1] nifty 50 On Friday, a hammer-like candle was formed on the daily chart. On the weekly scale, it formed a bearish candle with a long lower. Analysts said the index is in a consolidation range, with strong support in the range of 15,500-15,600 and resistance in the range of 15,900-950. A decisive breach on […]
Market may trade in a range, but FIIs are seen selling in India
[ad_1] New Delhi: In the absence of any major trigger on the domestic or global front, say analysts, Dalal Street is expected to see range-bound trading this week. “Although Market As per broking house ICICI Direct, it is going up, looks like it is running out of steam as the indices are still moving in […]
Traders bet on calendar spreads as Nifty moves in a narrow range
[ad_1] Mumbai: A business combination consisting of nifty Options are gaining prominence among savvy trading desks Institutional Investors, The strategy, known as calendar spread, where traders simultaneously sell option contracts in the current month and buy the next month, is being recommended by brokers to institutional clients who see a sharp move in Nifty options. […]
The possibility of weakening of the rupee due to the strengthening of the dollar, risk aversion in the markets; USDINR pair to trade in this range
[ad_1] Indian Rupee There is a possibility of depreciation on Thursday amid strengthening dollar, risk aversion in domestic, global markets. “The rupee is likely to open the day near the sticky levels of 77.60 and another narrow day is expected between 77.45 to 77.80,” experts said. The rupee had recovered from its record low against […]
Rupee may weaken on higher crude oil prices, risk aversion in markets; USDINR pair will trade in this range
[ad_1] Indian Rupee Amid higher crude oil prices, a firmer US dollar and risk aversion in domestic markets, further downside is likely on Wednesday. Today the focus will be on manufacturing PMI numbers from US, Euro zone and UK. Better-than-expected economic data could boost gains for the dollar, according to experts. In the previous session, […]