The Nifty Pharma Index is currently showing a bullish trend on the near-term charts but is approaching a significant resistance level around 20,850
Most of the stocks are now seen testing the 20-DMA; trade along this key moving average is likely to dictate the near-term trend for electric wire-related stocks; suggest charts.
All you need to know before market opens for trade on Wednesday: The Fed chief Jerome Powell in his testimony reiterated its stance to stick with data-based decision-making; global markets trade flat.
Oil prices fell 1 per cent to $82.33 amid easing supply disruption concerns from Gaza ceasefire hopes and Hurricane Beryl's impact
Weakness in crude demand in China, the world's second-largest crude consumer, is bearish for oil prices, said analyst at Sharekhan by BNP Paribas.
Auto stocks in focus: Maruti down 6 per cent in last 2 months; trading strategies for Maruti, Tata Motors and M&M as UP government waives-off registration fee on hybrid cars.
All you need to know before market open for trade on Tuesday: Key levels to watch on the Nifty and Bank Nifty as Asian shares trade firm; Emcure Pharma to list today; 8 stocks in F&O ban.
The Nifty Financial Services Index is currently trading at 23,586.75 and is showing a range-bound pattern on the charts
All you need to know before Indian stocks open for trade on Monday: Globally, bets on a US Fed rate cut rose on Friday post the jobs data; Asian shares traded with marginal losses this morning.
When examining the Nifty 50 Index, currently trading in the overbought zone, technical indicators such as MACD, RSI, and Stochastic suggest it is challenging to recommend initiating fresh long
5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts.
Raymond stock outlook: Raymond has rallied 65 per cent in the last 3 months, and over 100 per cent in 7 months; the stock needs to break above Rs 3,173 for a further rally, suggests technical charts
Long build up is seen in the Tata Motors Futures where we have seen 2 per cent (Prov) rise in Open interest with price rising by 2.31 per cent
Recent economic data from across the region like Asia, Eurozone and the US are indicating an economic slow down ahead.
Despite a near 5 per cent rally in HDFC Bank, the derivatives data shows tepid buildup in open interest; options data indicate strong resistance likely in the Rs 1,820 - Rs 1,835 range this July.
All you need to know before the Indian stock market opens for trade on Thursday: The FIIs long-short ratio in index futures rose to 5:1; meaning more than 5 long positions for every short trade.
Powell reiterating his cautious views on the US Fed's monetary policy and a slightly better than expected US JOLTs openings data sent the metal sharply down from its day's high
All you need to know before the Indian stock market opens for trade on Wednesday: Global markets signal positive cues; FIIs turn net sellers in cash and index futures.
Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal
he Nifty PSU Bank Index is currently trading at 7,178.00. The near-term trend on the charts indicates a downward movement