Nifty Bank may continue to consolidate this week. What traders should do

Strategy Positions: Sell 1 lot Bank Nifty 20 October 38200 Put at 82 & Sell 1 lots 20 October 40400 Call at 80, Total premium in-flow: 162; Target: 20; Stop loss: 250. Rationale: The banking index gained marginally last week and largely consolidated near 39,000 levels despite continued depreciation in rupee and rise in bond […]

MARKETS: Sensex trims losses, down 500pts; Nifty near 17,150; Infy up 2%

Domestic equity markets edged lower in Monday’s intra-day trade as sentiments remain muted overseas. Losses in heavyweights like Reliance Industries, HDFC Twins, Bajaj Twins, and Tata Consultancy Services (TCS) also contributed to the sharp cuts in the benchmark indicies. Key indices Nifty50 tumbled over 300 points to trade below 17,000 levels and the S&P BSE […]

MARKET: Sensex off lows, down 500 pts; Nifty tests 17,900; IT index down 3%

Domestic equity markets traded in negative territory amid weak global cues on Wednesday, however, trimmed opening losses supported by fresh bets in heavyweights like ITC, Maruti Suzuki, and Asian Paints. Frontline indices Nifty50 declined over 100 points to trade below 17,950 levels, whereas the S&P BSE Sensex slumped over 500 points to trade at 60,051 levels. […]

MARKET LIVE: Sensex climbs 500pts, Nifty50 above 17,750; Asian Paints up 2%

Markets opened on a positive note in Thursday’s trade amid strong global cues. Frontline indices Nifty50 rose 100 points to trade above 17,700 levels and the S&P BSE Sensex climbed over 450 points to trade at 59,513 levels. Broader markets, too, reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 surged up […]

Stocks to Watch Today: Paytm, Reliance, NDTV, ICICI Bank, Yes Bank

Stocks to Watch Today: The key benchmark indices are likely to start Monday’s trade on a quiet note and hope for some stability following last week’s high volatility. Global interest rate decisions, rupee movement and crude prices are the key macro factors to watch out. As of 06:40 AM, the SGX […]

Tech View: Nifty50 rises for 6th day, lacks margin of safety

NEW DELHI: Nifty50 on Tuesday rose for the sixth straight day. The index failed to capitalise on a gap-up start and remained range-bound before eventually ending up, forming an indecisive candle on the daily scale. There is no sign of reversal though. Albeit the momentum is clearly in favour of the bulls, the margin of […]