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Nifty ended largely unchanged on Thursday as selling pressure on financial stocks dragged the markets despite buying trends in auto and consumer stocks. The index has consistently failed to regain the 21-EMA on the daily chart, showing a general lack of strength. Decoding the charts, Rupak De, Senior Technical Analyst at LKP Securities, said that […]
In the curtailed week, markets largely consolidated within a narrow range, with Nifty ending the week almost flat with a marginal positive bias. There was a trading holiday on Thursday due to the Mumbai municipal elections. The benchmark index had low participation and remained within the range throughout the period, given the absence of major […]
Markets remained largely within range last week, but managed to end on a positive note. Nifty hovered within a narrow intraweek range of 467.50 points while moving between the 25,842.95 and 26,310.45 levels. Although the index recorded a new all-time high, the move was not supported by strong participation in broader markets. Meanwhile, India’s VIX […]
