The NSE Nifty 50 has been trading above the psychological 20,000-mark since December 2023. Here are the key levels to watch out for on the index.
As of 6:36 AM, GIFT Nifty futures were down 1,006 points, at 21,952, compared to the previous close of Nifty futures at 22,958.15, signaling a gap-down start for Indian markets
Trent is seen testing its 20-month moving average after 10 years, and Pidilite after 15 years; technical charts suggest a pullback in these 5 stocks as long as key support levels are respected.
Buoyed by safe haven demand, as gold hit a fresh record high of $3,059 on Trump's auto tariffs, and a weaker dollar, spot silver reached a fresh cycle high of $34.40 on March 27
On March 27, spot gold rose to a fresh record high of $3,059 on safe haven demand coming on US imposing auto tariffs. A weaker dollar also boosted the yellow metal
Significantly, call OI at 24,000 and put OI at 23,500 & 23,000, suggesting a well-defined trading range that supports a short, strangled setup
In the previous session, the Sensex dropped 728.69 points (0.93 per cent) to close at 77,288.50, while the Nifty50 ended 181.8 points (0.77 per cent) lower at 23,486.85
The Nifty Bank has given a breakout above 50,600 levels. Near-term bias is expected to remain positive as long as the index sustains above 50,350 and 49,865 support levels, suggests technical chart.
Bharti Airtel has emerged from a five-month consolidation phase, indicating potential for further upside in the near term
In the previous session, Sensex ended at 78,017.19, up 32.81 points or 0.04 per cent. Nifty50 closed at 23,668.65, up 10.30 points or 0.04 per cent
The oil fundamentals have swiftly moved into bullish zone amid fear of sanction on Iran and Venezuela getting stricter from the Whitehouse, Crude oil and gasoline prices on Monday
Given the sharp rally in the last few days, Nifty is likely to take a breather and undergo a consolidative phase
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The stock price of Cholamandalam Financial Holdings has been range-bound, but a bullish breakout is now underway, with prices surpassing multiple highs
Spot gold was trading at $3,039, down around 0.25 per cent on the day, at the time of writing. The MCX Gold April contract at Rs 88,700 was up around 0.1 per cent
Analysts believe that the recent up move is led by bottom-fishing in select smallcap stocks; the index, however, needs to conquer the long-term averages to qualify for a market reversal.
FIIs net bought 35,901 contracts of Nifty futures and 31,258 contracts of Bank Nifty in the last 4 days; DIIs bullish bets in index futures at highest in more than a year, shows NSE F&O data.
ICICI Bank and M&M are seeing 'Death Cross' on daily chart for the 4th time in last 5 years; both stocks managed to negate the bearish implications in the last 3 instances, will history be repeated?
IT stocks such as Infosys, TCS, HCL Technologies, LTIMindtree and others have declined up to 37 per cent from the December highs and look oversold on the daily chart; here are the key levels to track.
Technical charts show that Tanla Platforms, Mazagon Dock have given a fresh breakout on the daily charts; these 2 stocks along with BSE, Zomato and GR Infra can potentially rally another 24 per cent.