Tech View: Nifty forms morning star pattern on weekly scale. What should traders do next week
Nifty as per weekly chart formed a long bull candle, which indicates a sharp reversal in the market on upside. After declining continuously for the last three months a doji type candle pattern was formed as per monthly time frame chart. This is a positive signal as per long term charts.
Authum completes Rs 3,351 cr takeover of Reliance Home Finance Ltd
"Authum has transferred the requisite amounts to secured creditors and the business transaction agreement has been signed by lenders to hand over the assets to them. This brings an end to a process which began almost three years ago," said a person familiar with the deal.
'Pledge-repledge' model mooted for brokers, investors
Since earnings from unutilised money of clients comprise a significant part of the income of many brokers, there has been a disquiet among intermediaries ever since the market regulator proposed that everyday brokers and clearing members would have to transfer surplus investor funds to clearing corporations.
Tech View: Nifty charts hint at indecisiveness. What should traders do on Tuesday
On the Monthly Option front, Maximum Call OI is at 18,000, then 17,000 strike, while Maximum Put OI is at 17,000, then 16500 strike. Call writing is seen at 17000, then 17250 strikes, while Put writing is seen at 17,000, then 16,800 strikes. Options data suggests an immediate trading range in between 16,800 to 17,200 zones.
ETMarkets Smart Talk: Deploy 50% in largecap equities & 30% in govt bonds, 10% in gold & rest in cash: Siddarth Bhamre
By now most of us know that the SVB fiasco was a clear case of asset-liability mismatch. Smaller the bank higher the chances of ALM when any asset class shows an unusually large move -- in this case it was ‘interest rates.
Nominate or opt out for financial assets by March 31
The last date for updating nominations for trading and demat accounts is March 31, and trading accounts of investors not meeting the deadline will become inactive, as per regulations notified by market watchdog Securities and Exchange Board of India (Sebi).
Tech View: Nifty charts hint at downside towards 16,800 levels. What should traders do next week
The recent fall has faded hopes of sustained recovery, and we might again end up seeing range-bound moves in the index. Needless to say, the major support is intact at 16,800 in Nifty. We thus reiterate our view to limit positions and maintain positions on both sides.
Tech View: Nifty charts indicate sell on rise pattern. What should traders do on Friday
“The market could find a range of around 17,200-16,950 levels in the next few sessions. The lower area of 16,950-16,900 is expected to offer support for the market during the present weakness. A decisive move above 17200-17250 levels is likely to bring strength in upside bounce,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Tech View: Nifty charts showing signs of upside breakout. What should traders do on Wednesday
We expect the recovery to strengthen further. However, the upside still seems capped, citing multiple hurdles till 17,400 levels in Nifty. Besides, caution ahead of the outcome of the US Fed meeting would keep the volatility higher. Participants should align their positions accordingly while keeping a check on leveraged trades.
Udayshivakumar Infra IPO sails through on Day 2 despite weak market sentiments
According to market sources, the grey market premium (GMP) of Udayshivakumar Infra, which indicates the premium commanded by shares in the unlisted market, was unchanged at Rs 10. Analysts are mixed on whether investors should subscribe to the IPO given muted market sentiments.
D-Street indices fall on back of weakness in global markets
The NSE Nifty fell 111.65 points or 0.65% to close at 16,988.40. The BSE Sensex declined 360.95 points or 0.62% to end at 57,628.95. "It's the fear factor that the crisis in the developed market financial system will not end soon which is dragging down the market at the moment," said Siddarth Bhamre, head, research, Religare Broking.
Udayshivakumar Infra IPO opens for subscription. Should you bid?
The company has 46 work orders in hand having an aggregate order book value of Rs 1,291 crore, as of the December quarter. Out of these, 30 are ongoing and 16 are new work orders, which are yet to start.
Tech View: Nifty delivers tall bearish candle. What should traders do on Tuesday
Nifty is now trading below all its important averages, and the slope of the average has tilted lower. Prices on the daily chart are trading within the falling channel pattern and have to find the overhead resistance near the upper band of the pattern, chart readers said.
ETMarkets Smart Talk: Consumer durables stocks are now trading at inexpensive valuations: Siddarth Bhamre
India was the only bright spot in an otherwise gloomy global economic outlook. This situation directed funds toward India. Earnings were slow to catch and our market from a valuation perspective became expensive.
Global Surfaces IPO opens. Should you subscribe to the issue?
Religare broking said the company has a strong opportunity in the international market and its new products and designs would aid growth and increase operational efficiency. The brokerage has a "neutral" rating on the public offer.
International Women’s Day: How financial literacy can empower women in India
While the world around us is shedding stereotypes and eliminating negative ideas and perceptions to bring more gender equity, women continue to face challenges. More needs to be done to empower women and girls in our society. That will propel them to play a meaningful role in Indias economic success. Financial literacy will help them break the barriers and focus on their personal success.
Tech View: Nifty forms green candles on daily, weekly charts. What should traders do next week
Nifty is in an attempt of staging an upside breakout of the initial hurdle at 17,600 levels and a move above this area could open the next upside resistance of around 17,800 levels in the near term, chart readers said
Looking for trading tips amid volatility? 4 buy ideas for Dalal Street in March
“One can expect the cooling (AC manufacturers) stocks to remain in focus after the weather office forecasts heat waves as the hottest since February 1901 and summer has come earlier than usual,” he said.
With bears on driver’s seat, sustenance above 17,000-pts key for Nifty in March
“Nifty has fallen to 17300 levels and going forward 17000 levels will act as a crucial support as below that it will slide further till 16700 levels. On the upside 17800/18000 now remains a crucial resistance, hence the range is 17000-18000,” said Jay Thakkar, VP and head of alternate research at Sharekhan by BNP Paribas.
RIL-backed co, new-age techies among 41 firms to post losses for 4 straight quarters
RIL-promoted Alok Industries, Bombay Dyeing and Manufacturing Co, Wockhardt, Suven Life Sciences, Spencers Retail, Inox Wind, Sagar Cements, Restaurant Brands, Religare Enterprises, and Orissa Mineral Development Co, among others also remained in the red for 4 straight quarters.
Tech View: Nifty ends Feb series with a red candle. What should traders do on Friday
Fear gauge index India VIX moved down 3.30% from 15.59 to 15.07 levels. Volatility slightly fell for the day but overall has been rising from the last four sessions. Option data suggests a broader trading range between 17,200 and 18,000 zones and an immediate trading range between 17,350 and 17,850 zones
Tech View: Nifty support shifts to Budget day low. What should traders do on Thursday expiry
Chart readers have observed the formation of overlapping candles during the ongoing weakness and the absence of a sharp decline from the swing highs of February 16, indicating possibility of an upside bounce to emerge from the lows
Tech View: Nifty charts show bullish reversal of price trend. What should traders do on Thursday expiry day
India's VIX moved down by 4.39% from 13.45 to 12.86 levels. Volatility cooled off from its highs and paved the way for the strong comeback of bulls.Chart readers said Nifty closed above its 9 & 21 EMA, which is positive for the short term.Options data suggests a broader trading range between 17700 to 18300 zones, while a shift in an immediate trading range between 17850 to 18200 zones
Tech View: Nifty forms bearish candle. What should traders do on Tuesday
Since last week, Nifty has been range-bound, and until we get a decisive move above the zone of 17850 – 17900, the range-bound action is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal and also suggests that this dip should be bought into. Overall, we expect the Nifty to test the upper end (18100) of the downward-sloping channel from a short-term perspective.
Tech View: Nifty form Doji candle. What traders should do next week
Nifty is consolidating near the 20-day SMA and closed above the 14-DMA, suggesting a near-term bullish trend. Besides, the index ended the week above 17800, which again points towards a strong weekly close. Momentum indicator RSI is in a bullish crossover and rising
Tech View: Nifty forms green candle to rise above short-term average. What traders should do on Thursday expiry
If we have to surpass the sturdy wall of 17900–18000, banking heavyweights should contribute convincingly. Above this, the market will come out of the recent congestion zone, and we may see good broad-based participation thereafter
Tech View: Nifty charts hint at selling pressure on every uptick. What traders should do on Wednesday
As Nifty formed a lower top for the second consecutive day, chart readers said 17,870 – 17,854 could be the trading range for the Nifty in the near term.Options data suggests a broader trading range between 17400-18200 zones, while an immediate trading range between 17600-17900 zones.