Time be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.
Nifty trend in 2024: The NSE benchmark has corrected as and when the difference between the spot Nifty and its 200-DMA expanded beyond the 13%-mark. Here's all you need to know.
The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.
Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70
Market volatility is inevitable; staying focused on long-term goals is key to navigating it successfully
In Q1FY25, the financial performance of the company was affected on account of reduction in capacity utilization and consequent reduction in the blended average yield.
Why Sensex, Nifty fell on Monday: Here are top reasons why Indian stock markets, Sensex, Nifty, fell today, August 5
Other key Asian markets also suffered heavy losses, with South Korea's Kospi, Hong Kong's Hang Seng, and Australia's ASX 200 all plunging between 3 per cent and 11 per cent.
Stock Market Outlook: The Sensex has shed 4.3% from its all-time high in 3 trading days and the Nifty is seen testing support at 24,250. Here's what charts suggest on likely trend ahead.
Tata Tech from the midcap index and Equitas SFB, Kolte Patil Developers, Landmark Cars, Nilkmal, Spandana Sphoorty and Tasty Bite from the smallcap index hit their respective 52-week lows
Indian stock market is much more resilient in the face of a US downturn and related Wall Street sell-off than the likes of Japan, Wood said
All you need to know before market opens on Monday: Japan's Nikkei has plunged 14.7 per cent in the last three days after Bank of Japan unexpectedly raised interest on July 31. Yen up 10% in 3 weeks.
The NSE Nifty shed 1 per cent and tested a low of 24,751 amid the global market sell-off on Friday; MidCap and SmallCap indices declined more than 1 per cent each.
Shares of Tinna Rubber and Infrastructure were locked in the 5 per cent lower circuit at Rs 1,658.85 in Thursday's intra-day deals on the BSE.
Experts believe the market fall seems to be part of routine profit-taking given the sharp 3,000-point rally in the Nifty 50 index post Lok Sabha election outcome.
Among the key momentum oscillators - the MACD and Slow Stochastic are showing negative divergence on these smallcap stocks; hence caution is advised at these counters.
The faith in the market is at epic levels and may require something equally epic to break the faith. High or even bubble valuations are irrelevant for non-institutional investors, said a KIE note
Stock market strategy after Lok Sabha election results: The BJP may end up focusing more on the coalition partners than concentrating on economic growth.
While market sentiment will no doubt take a sharp hit in the event of a change in government or a weak coalition, analysts said, it's important to remember that there are many good things going well
India VIX, which measures the likely volatility in the Indian markets over the next 30 days, had slumped over 22 per cent on June 3