Nifty closed with sharp cuts on Friday amid selling pressure across the board, with consumer, IT and energy stocks trailing the markets the most. The India VIX also rose above its 200-DMA, indicating rising fear among market participants. Commenting on the technical charts, Rupak De, Senior Technical Analyst at LKP Securities, said the setup has […]
A decisive break below the 20-day moving average has weakened the Nifty’s technical structure in the near term, shifting the risk-reward ratio downwards, says Rupak De of LKP Securities. With volatility rising and key Fibonacci support levels breached, he sees potential for further corrective moves towards 25,000 unless the index regains resistance levels quickly.Edited excerpts […]
The Indian market ended higher on Monday, with the Sensex and Nifty recouping some of the losses recorded during Sunday’s special session, as investors digested the impact of the federal budget on markets and capital flows. The recovery came despite proposals to increase transaction taxes on derivatives and the absence of new measures aimed at […]
The Indian market ended higher on Thursday, with the Sensex and Nifty paring early losses after a volatile session, as investors weighed continued trading optimism against increasing caution ahead of the Union Budget this weekend.At the close, sentiment recovered with the Sensex adding 222 points, or 0.27%, to 82,566.37, and the Nifty gaining 76 points, […]
Nifty posted its third straight gain on Thursday, helped by buying in financial and energy stocks, although selling pressure in auto, IT and consumer loans capped the upside. The index maintained its position above the 50 EMA on the hourly chart.Commenting on the day’s trends, Rupak De, Senior Technical Analyst at LKP Securities said Nifty […]
The Indian market ended higher on Thursday with the Sensex and Nifty posting a three-day losing run, supported by global risk-on sentiment that revived buying interest across sectors. Both benchmarks had gained nearly 1% in early trade with the Sensex surging over 800 points while the Nifty 50 regained the 25,400-point mark before posting some […]
Stock ideas Nifty ended with a decline for the third day in a row on Wednesday due to selling pressure in financial services and consumer stocks. The index fell below the 200-DMA on an intraday basis for the first time in many weeks.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities […]
As hopes of a Santa rally fade, traders are heading into the last week of 2025 focusing on Nifty technical levels, derivatives positioning and foreign investor flows. A recent pullback from record highs has reset the base, raising questions about whether the index can stabilize near key support points or see a recovery late in […]
India’s benchmark indices closed with declines for the second day in a row, led by IT stocks, while selling pressure was also visible in the financial and auto sectors. The Nifty remains weak as the index has fallen below the 21 EMA on the hourly chart.Commenting on the current trends, Rupak De, Senior Technical Analyst […]
Indian equities continue to trade positively, and the uptrend looks sustainable as long as the Nifty remains above key support levels, said Rahul Sharma, Director and Head – Technical & Derivatives Research, JM Financial Services. Speaking to ET Now, Sharma noted that despite the recent volatility, the market continues to be supported by the strength […]