March 20, 2024 02:03 PM ISTThere is sharp build-up near 22,000 Call open interest indicating big players are not expecting this level to be broken easily over next few days on the Nifty 50.
March 20, 2024 02:09 PM IST Piramal Pharma has negated lower highs formation seen in previous 11 consecutive sessions and saw gap up opening on Tuesday. The stock formed bullish candlestick pattern with long upper shadow on the daily charts.
March 20, 2024 07:32 AM IST Long-term support in Nifty is expected at 21,500 followed by 21,300, with resistance at 22,200.
March 19, 2024 04:57 PM IST Given the nervousness, the Nifty 50 may extend southward journey towards first at 21,700 and then 21,500 in coming days
March 19, 2024 10:02 AM IST Linde India formed strong bullish candlestick pattern on the daily charts with significantly higher volumes. The stock traded above all key moving averages and continued higher highs, higher lows formation for yet another session.
March 19, 2024 10:02 AM IST The 50-day EMA (exponential moving average), currently placed at 21,916, seems to be acting as a strong support for the Nifty.
March 18, 2024 05:03 PM IST The options data indicated that the 21,900-21,800 zone is expected to be the crucial support area for the Nifty 50 with resistance at 22,200 on the higher side
March 18, 2024 11:00 PM IST For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
March 18, 2024 03:13 PM IST The charts of heavyweight stocks, i.e., HDFC Bank & ICICI Bank in Nifty Private Banks index, are exhibiting promising signs, says Sudeep Shah of SBI Securities.
March 18, 2024 09:01 AM IST Solar Industries ended at record closing high of Rs 8,855 and formed long bullish candlestick pattern on the daily timeframe, while trading above all key moving averages.
March 18, 2024 05:54 AM IST Looking ahead, while there might be another shake-off in the market in the near term, investors could view this as an opportunity to initiate fresh long positions.
March 18, 2024 12:09 AM IST Both the Call and Put writers have sizeable positions at the 22,000 strike. The maximum Call & Put open interest is placed at this level, which makes 22,000 as the make-or-break level for Nifty.
March 17, 2024 02:20 AM IST Historically it has been seen that Volatility and Equity / equity Index move in Opposite directions.
March 15, 2024 05:04 PM IST For the Nifty, 22,215 – 22,250 is the immediate hurdle and 21,900–21,860 is the crucial support zone, analysts said
March 15, 2024 10:49 AM IST Colgate Palmolive ended at record closing high after breaking the recent consolidation range and formed long bullish candlestick pattern on the daily charts with healthy volumes.
March 15, 2024 06:49 AM IST Looking ahead, immediate resistance levels for Nifty are identified at 22,300, representing a pivotal level on higher time frames, with further resistance at 22,500. Crucial support levels are noted at 21,900 and 21,800.
March 14, 2024 07:42 PM IST The options data indicated that 22,100-22,200 is expected to be key area for the Nifty 50 for further direction, with hurdle on the higher side at 22,500 level, and support at 21,900 mark.
March 14, 2024 06:03 AM IST ICICI Bank was the outperformer, forming bullish candlestick pattern on the daily charts after Doji or High Wave kind of pattern formation in previous session, with above average volumes. The stock still traded above all key moving averages.
March 14, 2024 06:03 AM IST In the short term, the Nifty 50 may continue to be susceptible to selling pressure with resistance anticipated around 22,250. On the downside, support levels are positioned at 21,800 and 21,700.
March 13, 2024 05:12 PM IST The options data indicated that 21,800-21,700 is expected to be next support for the Nifty 50, with resistance at 22,200-22,300 levels.
March 13, 2024 10:14 AM IST HDFC Bank has seen a decisive breakout of downward sloping resistance trendline adjoining highs of January 16 and March 7 and climbed above 10-day and 21-day EMAs (exponential moving averages).
March 13, 2024 09:58 AM IST The market exhibited an erratic pattern with small candles rising and larger candles falling, raising concerns for future trends.
March 13, 2024 02:31 AM IST Options data indicated that 22,500 is expected to remain key resistance area for the Nifty 50, with support at 22,300.
March 12, 2024 11:09 AM IST Linde India has seen a nice breakout of downward sloping resistance trendline adjoining highs of October 12, 2023 and February 19, 2024. The stock formed long bullish candlestick pattern on the daily charts with above average volumes.
March 12, 2024 10:30 AM IST HDFC Securities expects smallcaps to underperform Nifty in the short term.
