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Source: Live Mint Buy or sell: The Nifty index exhibited constrained movement throughout the week, fluctuating within the 23,500–24,200 range. However, a lack of a decisive breakout above the 24,200 level caused the index to retest its support zone of 23,300–23,500. The week closed below this crucial support level, signaling potential weakness. The week began…
Source: Live Mint Buy or sell: Last week, as anticipated, with the start of the new monthly series, both the Nifty and Bank Nifty indices were in oversold conditions. Sustaining above the 23,300–23,500 range and the critical 200-day moving average (200 DMA) created potential for a significant rebound. This materialized with both indices moving notably…
Source: Live Mint Buy or sell: The domestic benchmark indices succeeded in maintaining the gains made during the morning session until the close on Friday. The Sensex finished at 78,699.07 points, an increase of 226.59 points or 0.29%, while the Nifty 50 ended at 23,813.40 points, rising by 63.20 points or 0.27%. As of 2024,…
Source: Live Mint Buy or sell: Throughout the week, the Nifty index remained in a range-bound zone, oscillating between the 24,000 and 25,000 levels. The week began with a sideways momentum, indicating a lack of significant directional movement. As the week progressed, profit booking took place, which caused the index to dip towards the support…
Source: Live Mint Buy or Sell: Last week, as anticipated, with the monthly expiry approaching, both the Nifty and Bank Nifty indices were in oversold conditions. This created potential for a significant rebound, which materialized as both indices saw notable upward movement toward their respective resistance levels. The Nifty Index broke through the 24,000 mark,…
Source: Live Mint Buy or sell: The Nifty Index ended the week at 23,907, firmly holding above the critical support level of 23,000. Despite facing adverse global news, such as the ongoing Russia-Ukraine war and the Adani bribery case, the Nifty managed to maintain its position above 23,000, showcasing resilience in the face of market…
Source: Live Mint Buy or sell: The Nifty index continued its downward trajectory this week, marking the seventh consecutive week without closing above the weekly high. Currently trading below last month’s low of 24,000, the index remains in a correction phase and is hovering near its 200-day moving average (DMA). Weekly Trading Overview The week…
Source: Live Mint Buy or sell: After a week marked by significant global events, including the US presidential election and the Federal Reserve meeting, the Nifty Index wrapped up at 24,148. Despite some volatility, the index remains trapped within a trading range of 23,800 to 24,800. The direction of the breakout, either above or below…
Source: Live Mint Buy or sell: As discussed last week, both the Nifty and Bank Nifty indices were in overbought conditions, resulting in a significant correction over the past week. The Nifty index dropped by nearly 5%, closing at 25,014, while the Bank Nifty corrected by about 6%, ending at 51,462. The Federal Reserve’s decision…
Source: Live Mint Buy or sell: As we have already discussed in the last week due to a major fed rate decision meeting in upcoming week, we can see a breakthrough in the indices. This week, the Nifty index closed at 25,790, marking a significant breakthrough above the key resistance level of 25,500. This rise…
