With the ongoing buzz around the Lok Sabha election results, markets are still witnessing strong volatility. India vix stood above 21 as of May 24. However, the week ended in green, with Nifty and Sensex only rising each day while closing near their all-time high zones. With a progressive movement and the indices constantly achieving … Read more
Nifty, which has been looking for a directional headway on either side, ended the week 0.33% down with all major news trigger events like Budget, earnings, US Fed and RBI policy meetings behind us. Anand James, Chief Market Strategist, Geojit Financial Services, says this data vacuum presents an opportunity for time correction. “But our modest … Read more
After clocking eight successive years of positive returns and ending 2023 with a solid 20% return, analysts predict that Nifty’s winning run may continue in the new year 2024 but with a more limited upside. Stating that the returns in 2024 will depend on the tussle between fundamentals and sentiment, Kotak Institutional Equities said in … Read more
After a sharp rally over the past two months, the Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, … Read more
Following a one-way rally in the first two weeks of December, Nifty is likely to consolidate in the next two weeks, shows historical trends. “Now we are entering the second half of December red hot, and if history repeats, we are likely to see a decline in the rest of December, followed by a consolidation … Read more
The markets continued their unabated upmove. Following a strongly trending week, the Nifty not only ended at a fresh lifetime high, but it also closed with gains for the sixth consecutive week. The markets piled up decent returns despite some signs of consolidation in the second half of the week. The last two days were … Read more
Nifty on Thursday ended around 36 points to form a small green candle with a long lower shadow on the daily charts while trying to cross the immediate resistance at 20,115 levels on the monthly expiry day. The short-term trend of Nifty continues to be positive. Having moved above the crucial hurdles recently, the market … Read more
“I believe this is just the start of something big. The next decade and the next 25 years are expected to be great for India, and we’re likely to see a big Diwali in the stock market,” says Sunil Nyati, Managing Director of Swastika Investmart Ltd. In an interview with ETMarkets, Nyati said: “I’m strongly … Read more
NEW DELHI: A Bollinger band is indicating that Nifty may rally in the Diwali week but two Doji candles formed in the last days do not inspire confidence towards an outright uptrend early next week, says Anand James, Chief Market Strategist at Geojit Financial Services. Edited excerpts from a chat: Unlock Leadership Excellence with a … Read more