shvishal

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Technical Analysis Show Formation of Rising Wedge Pattern whose breakout can take it back to 1780 in near term. HDFC Bank, a leading private sector bank in India, has consistently demonstrated robust financial performance characterized by increasing loan books, net profits, and return on assets. However, the banking sector is inherently influenced by...

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Will Indian Banking Stocks (Bank Nifty & Bankex) Holds Amidst Global Economic Uncertainty and US Banking Sector Woes? Amidst rising uncertainties in the US economy, particularly within the banking sector, the Indian stock market pulled back from its all-time high on Friday. This retreat was a result of a widespread selloff in global markets, which had a...

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Trade with Caution Amid escalating tensions in the Middle East and mounting uncertainty in the US economy, the Indian stock market retreated from its all-time high on Friday. The ripple effects of a broader selloff in global markets significantly impacted the Indian stock market, with midcap stocks bearing the brunt of the decline. The Nifty Mid Cap Select index...

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Mastering Nifty: Trade Smart in Volatile Markets With the start of a new series, the first weekly expiry of the Nifty is today. Yesterday, while Bank Nifty struggled to sustain and close in green, Nifty was in a clear uptrend, opening with a gap down and then moving up. The Nifty index closed with a 0.38% increase. This marginal rise indicates a clear uptrend;...

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Mastering Bank Nifty: Trade Smart in Volatile Markets With the monthly expiry of the Bank Nifty looming tomorrow, today's session saw extreme volatility. The Bank Nifty index fluctuated wildly throughout the day, ultimately closing with a slight gain of 0.18%. This marginal rise underscores the market's indecisiveness and lack of a clear direction. Today's...

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Nifty Financial Services- Find a Trade in the Choppy Zones Tomorrow marks the monthly expiry of the Nifty Financial Services Index, commonly known as Fin Nifty. Today, the Fin Nifty experienced a volatile session, fluctuating throughout the day before closing with a marginal decline of -0.01%, indicating a lack of clear direction in the market. Support levels...

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As we approach August 2024, the outlook for Bank Nifty is shaped by a combination of domestic market factors, technical indicators, and broader economic conditions. Her we have tried to provide a comprehensive analysis of what to expect from Bank Nifty, using key technical indicators and domestic market insights. Domestic Market Factors Influencing Bank Nifty ...

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The Resilient Performance of Nifty 50: Riding the Volatility with confidence The Indian equity market, represented by the Nifty 50, has shown resilience despite global economic uncertainties. As we enter August, the index is set for a period of consolidation. Will it break down, or continue to make new highs? Let's explore the factors shaping its future. ...

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Discover Trade Opportunities in the Choppy Market Zones The Bankex is anticipated to demonstrate a cautious trend on 29-07-2024 being expiry day. Despite a recent positive performance marked by a sharp recovery from its bottom, driven by overall market sentiment and developments in the banking sector, short-term volatility remains a possibility. On the last...

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Find a Trade in the Choppy Zones The Indian stock market, including the Nifty and Sensex, witnessed a significant rally on 26-07-2024, with key indices like Midcap Nifty and Midcap Nifty Select and Small Cap also joining the uptrend. Despite this broad-based surge, it is essential to approach the market with caution due to the recent sharp rise. The Mid Cap...

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Find a Trade in the Choppy Zones Today, the Sensex experienced a volatile session, opening slightly lower and fluctuating throughout the day. The index eventually closed with a marginal decline of 0.13%, indicating a lack of clear direction in the market. The first support level is at 79,700, followed by 79,450, with a stronger support at 79,100. On the upside,...

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Trade the Zones Today was a volatile day for the markets following the significant Budget event. Negative announcements, particularly concerning capital gains taxation, created a negative sentiment, resulting in a downtrend for both Nifty and Bank Nifty. Examining the broader structure post-Budget, the Nifty 50 Index appears to have entered a corrective phase....

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In today's trading session, Nifty and Nifty 50 experienced notable volatility, fluctuating within a range of 24,580 to 24,075. Despite the turbulence, the indices found support at the levels highlighted in yesterday's analysis. A less-than-impressive budget announcement triggered a sharp decline, yet Nifty 50 managed to rebound from its lows, although it...

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In today's session, Bank Nifty experienced significant volatility, trading within a range of 52,500 to 51,300. The index found support at the levels identified in yesterday's analysis. Changes in the capital gains tax led to unpredictable market behavior, resulting in the index closing deeply in the red. The current setup for Bank Nifty is not particularly...

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The Bank Nifty index has been consolidating within a defined range over the past few weeks, forming a rectangle pattern on the technical charts. Currently, the immediate support levels for the index are around 51,750 and 51,250, while the resistance is observed at 52,800. A breakout from either support level could trigger a significant directional move, given the...

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In today's session, Nifty 50 traded within a narrow range, displaying significant stock-specific action in the broader markets, which resulted in healthy market breadth. Despite this, the index failed to close in the green. The setup isn't particularly bullish, making it crucial to observe the market's reaction to the Budget. Factors Influencing Nifty Prediction...

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Fin Nifty Prediction for 22 July 2024 along with Support & Resistance The Nifty Financial Services Index is currently showing signs of a potential correction, as indicated by a negative RSI crossover, a rising wedge pattern, and a head and shoulder pattern with the breakdown of the right shoulder. These technical indicators suggest potential downside targets in...

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Bank Nifty Prediction for 22 July 2024 along with Support & Resistance In recent weeks, Bank Nifty has exhibited a notable consolidation within a defined range, with an upper limit at 52,800 and a lower limit at 51,750 . This range-bound movement highlights a period of indecision among traders, as Bank Nifty struggles to break above the upper resistance while...