Nifty continued to rally for the fourth consecutive trading session on Wednesday as the prevailing sentiment remains optimistic. However, considering the smaller size of the recent candles compared to the significant bearish one from last Wednesday, analysts advise caution during the holiday season. We spoke to Sudeep Shah, Deputy Vice President and Head of Technical … Read more
Indian benchmark indices scaled fresh record highs on Wednesday, amid a rally in IT and consumer stocks. On Tuesday, too, the indices had ended higher. The Futures Open Interest (OI) indicated a buildup of long positions in Nifty futures with the Long-Short Ratio standing at 59.99% on December 18 as the FPIs continued to increase … Read more
While Nifty managed to end positive in a choppy trade on Thursday, the sentiments remain strong amid lower US bond yields. The index reclaimed the 20,000 mark and ended with 5% gains in November as India reported higher-than-estimated GDP numbers at 7.6%. Moreover, Street’s expectation that Put writers at the 20,000 strike will defend this … Read more
As Nifty begins the September series on the front foot with gains of over 350 points or 1.8% in the last four trading sessions, Thursday’s trade is expected to be a positive one for the bulls, according to the consensus view of experts. Traders in the derivative market can adopt a moderately bullish strategy on … Read more