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Source: Live Mint The big picture: Nifty PSU Bank index rally The Nifty PSU Bank index, a key benchmark for public sector banks in India, has experienced a dramatic trajectory since mid-2022. The turning point came in July 2022, when the index crossed its 200-Day Simple Moving Average (SMA) at approximately 2,700, signalling the start…
Source: Live Mint Trend followers thrive by riding the wave of an established trend, betting that momentum will continue, while reversal traders look for opportunities to profit from the rare, but lucrative, moments when the trend flips. The excitement lies in identifying these inflection points—the sweet spot where analysis and timing meet to unlock potential…
Source: Business Standard 2 min read Last Updated : Oct 16 2024 | 7:24 AM IST Nifty failed to surpass the swing high resistance of 25,234 and witnessed minor profit booking on 15th October. At present Nifty is hovering around 50 DEMA. Support for the Nifty is seen near 24,900 and same can be…
Source: Business Standard 3 min read Last Updated : Oct 16 2024 | 7:34 AM IST Nifty Bank Index: Consolidation with Range-Bound Movement The Nifty Bank Index is currently trading in a defined range of 51,825 to 50,200. A breakout above or below this range will provide a clear direction for traders. Until…
Source: Business Standard 5 min read Last Updated : Oct 15 2024 | 2:06 PM IST As equity markets have been in corrective mode post the record highs in September, several stocks have entered an oversold territory on the daily scale. The Nifty 50 has declined close to 5 per cent from its all-time…
Source: Business Standard 3 min read Last Updated : Oct 15 2024 | 7:15 AM IST Nifty Financial Services Index: Range-Bound Movement The Nifty Financial Services Index is currently trading within a well-defined range of 23,900 to 23,100. This range-bound pattern indicates consolidation in the market. Traders should watch for a close above or…
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 12:02 PM IST The National Stock Exchange (NSE) Nifty 50 index has been consolidating around the 25,000-mark for the last few days. After a 6 per cent fall from its peak of 26,266, the Nifty 50 has recovered near about 1.5…
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 7:32 AM IST Nifty 50 Index: Buy on Dips Amid Range-Bound Movement The Nifty 50 Index is expected to trade within a well-defined range between 25235 and 24700. While this might signal indecisiveness in the market, the unique setup of multiple…
Source: Business Standard 3 min read Last Updated : Oct 14 2024 | 7:21 AM IST Nifty Outlook The Indian stock markets have stabilized following the decline in the previous trading week, with the benchmark index showing minimal changes in price activity. The week commenced with a minor setback but swiftly found support and…
Source: Business Standard 5 min read Last Updated : Oct 11 2024 | 12:02 PM IST Even as the benchmark equity indices scaled fresh peaks in September shares related to Indian railways continued to under-perform and languish below key moving averages. Among these momentum stocks such as RVNL and IRFC which had witnessed a…
