Midcap Nifty Select Poised for Breakout: Bullish Indicators Ahead of Weekly Expiry On October 18, 2024, The Nifty Midcap Select Index opened at 12,935.20, reached a high of 13,064.10, a low of 12,809.55, and closed at 13,033.80, representing a 0.32% gain. The index showed moderate volatility but managed to close higher due to positive sentiment toward midcap...
On September 6, 2024, the Nifty Midcap Select index opened at 13,263.85, reached a high of 13,274.90, and dropped to a low of 13,033.45 before closing at 13,066.05, representing a 1.59% decline. The market experienced notable volatility throughout the session, with the index losing over 200 points. This decline reflects broader market sentiment, as mid-cap stocks...
On September 6, 2024, the BSE Bankex index experienced a significant decline, closing at 57,292.63, down by -1.93% or 1,127.43 points. The index opened at 58,240.65, reached a high of 58,282.20, and fell to a low of 57,122.40 during the day. Top Gainers and Losers: Among the top losers in the Bankex index were State Bank of India (SBI), which fell by 4.41%,...
Current Performance Overview (2024): Edelweiss Financial Services (EDEL) has shown a marked increase in stock price, driven by substantial trading volumes and investor interest. As of August 2024, the stock price has surged to a range of INR 104.61 to INR 115.90, indicating strong bullish momentum. This rise is supported by robust market activity, with the stock...
On Friday, the Mid Cap Nifty Select Index closed at 12,724.85, marking a significant increase of 1.64% from its previous close of 12,520.10. The day's trading saw the index opening at 12,624.45, reaching a high of 12,734.35, and a low of 12,572.60. Technical Indicators for Mid Cap Nifty Select: Max Pain: 12,700 PCR (Put-Call Ratio): 1.01 Bullish IV (Implied...
On 16th August 2024, the Bankex Index showed a strong performance, closing at 57,633.81, which marked a significant rise of 1.61% or 911.86 points. The index opened at 57,156.00, reaching a high of 57,736.48 and a low of 56,816.69 during the day. This increase reflects a robust bullish sentiment across the banking sector. Technical Indicators for Bankex: Max...
Bajaj Finserv (BAJAJFINSV) has consistently been a key player in the Indian financial services sector. As of April 2024, the company has demonstrated robust performance across multiple financial metrics, cementing its position as a market leader. This analysis delves into its EBITA margin, chart trends, fundamental strengths, and year-on-year (YoY) comparison,...
On August 14, 2024, the Sensex experienced a volatile trading session, closing at 78,956.03, down 692.89 points (-0.87%). The day saw the index opening at 79,105.88, with an intraday high of 79,228.94 and a low of 78,895.72. This decline was largely driven by profit booking and global market cues, with the index forming a long bearish candlestick, indicating...
On August 13, 2024, the Bank Nifty Index experienced a volatile trading session, opening at 50,417.10, reaching a high of 50,547.30, and dipping to a low of 49,793.50 before closing at 49,831.85, down 1.48% from the previous close. The sharp decline was influenced by broader market sentiments, particularly due to the impact of negative news, including concerns...
On August 13, 2024, the Nifty 50 index experienced a volatile trading session, closing at 24,100, marking a decline amidst broader market weakness. The index opened at 24,320, reached a high of 24,400, and saw a low of 24,050 during the day, before ending the session with a loss. The Indian stock market faced additional pressure due to a new report from Hindenburg...
Today on August 12, 2024, the Nifty Financial Services Index opened at 22,762.95 and demonstrated a steady performance throughout the day. The index reached a high of 23,012.50 and a low of 22,710.85, eventually closing at 22,985.30, marking a moderate gain from the previous session. The Indian stock market experienced significant volatility today, following the...
On August 9, 2024, the Nifty Midcap Select Index demonstrated a positive market trend, closing at 12,598.95, which marked an increase of 0.59% from the previous close of 12,524.95. The trading session opened at 12,654.55 and saw the index reaching an intraday high of 12,714.80 before retracing slightly. The day's low was recorded at 12,577.40, indicating some...
On August 9, 2024, the Bankex index displayed a steady performance, opening at 57,746.91 points and reaching a high of 57,747.73 points. The index's lowest point during the day was 57,322.54 points, and it ultimately closed at 57,458.68, representing a 0.74% increase from the previous close of 57,033.81. This positive movement highlights the resilience and...
Sensex Soars to Historic Highs: A Comprehensive Outlook and Strategic Insights for 2024 The BSE Sensex has exhibited robust performance over the years, with FY24 marking a significant milestone as it jumped approximately 25%, reaching new highs. The Sensex has maintained a consistent upward trend since 2016, showcasing its resilience and the strength of the...
Sensex’s Next Move: Will It Break 79,700 Resistance or Dip Below 78,270? Stay Cautious! The Sensex faced a challenging trading session today, closing 581.79 points lower at 78,886.22. The market opened at 79,468.01 points but failed to sustain its initial momentum. Key sectors, including IT, metals, and energy, saw significant declines, contributing to the...
The Nifty 50 index had a positive session today, opening at 24,287.80 points and closing at 24,297.50 points, marking a gain of 1.27%. The index reached an intraday high of 24,336.25 and a low of 24,186.20. This performance was driven by broad-based buying across various sectors, with significant contributions from ONGC, Coal India, Adani Enterprises, and Adani...
The Bank Nifty index is currently experiencing a bullish trend but hints at possible consolidation ahead. An M-shaped candlestick pattern has emerged, signaling a potential decline if key support levels are breached. Support Levels The primary support levels to watch are 49,670 and 49,000. A drop below 49,670 could lead to further depreciation towards the 49,000...
The Banking sector was in constant pressure yesterday with Nifty Fin Service index opened with a gap down and further ended in red with a big decline of -2.58%, suggesting potential profit booking at these levels. This downturn mirrors the broader market sentiment, which is currently swayed by geopolitical instability and economic concerns from leading global...