The index slipped below its recent consolidation on the hourly chart, suggesting a waning bullishness. The momentum oscillator is in a bearish crossover. The trend is likely to remain negative going forward; support on the lower end is pegged at 18,500/18,350. On the higher end, resistance is visible at 18,670/18,750.

Sensex ended 216 points lower while the Nifty ended below 18,600 mark.

Honestly I do not think history in Indian markets will be very relevant here because some of these businesses we are seeing for the first time. Apart from the technical factors, we should also not forget that we have seen a rise in the interest rates which mean the cost Continue Reading

​Bank Nifty is something that looks a little tired and a bit of a correction can be seen on that front. So traders should closely monitor 42,900 as that happens to be the immediate support, at the moment. If 42,900 breaks, then maybe traders can look for a short selling Continue Reading

Undoubtedly growth continues to soften. RBI itself has revised growth target downwards from 7% to 6.8% for FY23 but these are unusual circumstances. Globally there is a massive storm going on and within that India has so far done well.

Bond yields had dipped earlier in the session, tracking a slump in oil prices as the benchmark Brent crude futures declined below $80 a barrel. While the quantum of the monetary policy committee’s (MPC) rate increase was widely expected, the central bank vowed there would be no let-up in its Continue Reading

Recently, the stock gave a breakout from Ascending Triangle pattern, as well as the consolidation zone from 2007-2022 on the monthly charts adding to the bullish bias. Short-term traders can look to buy the stock for a target of Rs 130-165 in the next 6 months, which translates into an Continue Reading

The six-member Monetary Policy Committee (MPC) with a five-to-one majority increased the repo rate. Since May, RBI has hiked the repo rate by 225 basis points.

We are getting late in the day historically and interest rates are rising because of inflation. We have printed staggering amounts of money and whenever you print huge amounts of money you have inflation and when we have inflation you have higher interest rates and higher interest rates are usually Continue Reading

I think we keep getting this kind of block deals in the market and no doubt the size over here is a bit higher. But I think if the pricing is good there is enough appetite amongst the institutional investors and also some of the HNIs.