The FinTech Hub
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: The Nifty 50 index wrapped up the week at 24,304, reflecting notable volatility as traders navigated through market dynamics. As the monthly expiry approached, a short covering rally provided a brief respite, enabling the index to bounce nearly 500 points and reaching nearby resistance levels around the 24,700-24,800 zone….
Source: Live Mint Buy or sell: The Nifty Index concluded the week at 24,180, falling below the anticipated support zone of 24,800. As noted previously, a close beneath this level could trigger further selling in the equity market, positioning the index toward the 24,000 mark. With the weekly close near 24,000, market participants are keenly…
Source: Live Mint Stock market today: A sharp selloff hit the Indian stock market on Tuesday, October 22, pulling down the benchmark indices, Sensex and Nifty 50, by more than 1% each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 dropped 309 points, or 1.25%,…
Source: Live Mint The Nifty 50 index wrapped up the week at 24,965, comfortably above the anticipated support zone of 24,800 to 24,900. A consistent close above the key support level of 25,700 indicates that the bullish trend may continue, with potential resistance levels looming around 26,700. Market participants are keenly observing whether the Nifty…
Source: Live Mint Railway stocks including IRFC, IRCTC, RVNL and RailTel Corporation gained up to 2% on Friday amid increased buying momentum. While these multibagger railway stocks have seen a modest recovery from recent lows, they remain significantly below their 52-week highs. Rail Vikas Nigam Ltd (RVNL) shares have surged 161% year-to-date (YTD) and delivered…
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 The Nifty 50 index concluded the week at 26,178, settling comfortably above the anticipated resistance zone 26,000. At the start of the week, the index moved above 25500 and concluded the week above 26,000. The consistent close above the key support level of 25,500 suggests that the bullish trend may persist, with…
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…
/cdn.vox-cdn.com/uploads/chorus_asset/file/25420631/Screen_Shot_2024_04_26_at_1.29.30_PM.png?w=400&resize=400,250&ssl=1 "Eken hit with $700K fine for putting an inactive address on FCC filings")