It was another tough day for Dalal Street with benchmark indices trading lower for the fifth straight session as investor sentiment remained under pressure. Friday’s sell-off extended the recent correction, reflecting caution amid sector-specific volatility and global uncertainty.Despite the gloom, technical indicators suggest the market may be approaching a major turning point. Speaking on ET […]
The Nifty has entered a phase of near-term weakness after dipping below the 25,900 mark, although the broader uptrend remains intact unless key support levels are breached, Vinay Rajani, AVP – Senior Technical & Derivative Analyst, HDFC Securities, said in an interview with ET Now.Rajani said a simple technical reading shows contrasting signals across time […]
Analysts expect the uptrend in Nifty to continue as long as key support zones are respected, even as the index moves through a consolidation phase that is nearing record highs. A break above the upper range could extend the rally towards 26,500-26,800, while dips are still seen as buying opportunities and not weakness. Among the […]
Markets traded with positive undertones all week, recovering smartly from lower levels. After reacting positively to strong election results in Bihar and hopes of a possible US-India trade deal, Nifty posted steady gains throughout the week.The index fluctuated within a range between 25,449 and 26,010, marking a trading band of 561 points. India’s VIX fell […]