Following a recovery of more than 1,900 points from the swing low of 21,964, Nifty appears to have entered a profit-booking phase
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
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
The MCX May silver contract at Rs 99,381 was down around 0.5 per cent. Silver reached $34.23, its cycle high on March 18, before giving back some of its gains
Long build-up is seen in the Bank Nifty futures during the series till now, where we have seen 35 per cent (Prov) rise in the open interest with it rising by 2.71 per cent
A trendline breakout above 23100 was seen on Thursday, indicating a short-term reversal in the technical structure
HDFC Bank stock has confirmed a breakout from a descending trendline, signaling the end of its corrective phase and the start of a fresh upward move
Gold Rate Today: FOMC rate decision, due tonight, will be crucial for commodities. The Fed is expected to keep the overnight Fed Fund rates unchanged at 4.25 per cent-4.50 per cent with a hawkish tilt
Silver Rate Today, March 19: There may be some profit booking ahead of the US FOMC policy decision as the Central Bank may opt for a hawkish pause
Nifty surpassed the key resistance levels of the previous swing high of 22,676 and the 20-day SMA, which was positioned near 22,550
Immediate resistance lies at 22750-22,800, a level that previously acted as support in Jan-Feb 2025, while support lies near 22,200-22,150
Consolidation Phase: After rebounding from recent lows, Nifty has been consolidating this week, preparing for the next leg up.
DMart share price has been experiencing a significant downturn, having lost nearly 40 per cent from its recent peak of 5,485.
The auto sector is exhibiting a mixed trend, with Tata Motors now attempting a recovery after a seven-month corrective phase
Hikal share price has broken out from bullish inverted head and shoulder pattern on the daily chart
Currently, the market is lacking the momentum to break decisively above 22,800 or below 22,000. Nifty is likely to consolidate sideways within the same in the near term
Towards the end of 2023, ACC initiated a strong rally from the Rs 1,800-1,850 zone, surging sharply to around Rs 2,700 within just three months
Gold Rate Today: Dip buying in Gold is the preferred trade as the yellow metal is expected to reach $3,000 in the coming weeks.