Even as the government announced schemes to boost employment and assistance to some states in Union Budget 2024-25, it reiterated its intent to stick to the fiscal consolidation roadmap and announced a lower fiscal deficit target. In what could be a signal to rating agencies, the government cut the fiscal deficit target to 4.9 per cent of the Gross Domestic Product (GDP) for financial year 2024-25 from 5.1 per cent in the interim Budget, while underlining that the central government debt will be on a declining path as a percentage…
Tag: consolidation
nifty50: Tech View: Nifty50 is selling high; consolidation may continue
[ad_1] New Delhi: nifty 50 Selling pressure was seen as soon as it touched the 16,000 mark on Tuesday. The index destroyed all intraday gains and eventually showed weakness at higher highs, with a long upper wick, to form a bearish candle on the daily chart. Analysts said the continued strength for the index is likely to continue and some support is likely to be found near 15,650-750 levels. Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan said the 16,000 mark is a significant hurdle from a short term perspective. He…
Nifty 50: Tech View: Nifty 50 remains in consolidation range; bias positive
[ad_1] New Delhi: Nifty 50 broke a three-day losing streak on Monday as it formed a bullish candle on the daily chart. Analysts said the index may remain in a consolidation range with a positive bias till it breaks the 15,900 level with a decisive upside bias. They see strong support for the index at 15,700 level. Nifty 50’s short term trend remains positive with range movement, says Nagraj Shetty securities. He said the market is now showing signs of attempting a decisive reversal of the crucial 15,900 resistance level…
Tech View: Nifty 50 remains in consolidation range; 15,900 a handicap
[ad_1] nifty 50 On Friday, a hammer-like candle was formed on the daily chart. On the weekly scale, it formed a bearish candle with a long lower. Analysts said the index is in a consolidation range, with strong support in the range of 15,500-15,600 and resistance in the range of 15,900-950. A decisive breach on either side could push the market trend further, he added. Nagraj Shetty Securities said the index formed a bearish candlestick with a long lower shadow, which indicates the formation of a ‘Hammer’, even if it…
Tech View: Nifty Doji forms candle; consolidation in progress
[ad_1] nifty 50 Selling pressure was seen near the 15,900 level on Thursday as it finally closed near its opening levels, forming a long legged Doji on the daily chart. Such a candle indicates indecision among traders. Analysts said the index needs to move out of the 15,600-900 range for a directional move. Technical Research Analyst Nagraj Shetty said, a Doji is usually formed after a downtrend or an uptrend signal, which indicates a reversal of the trend. securities. But, the current Doji formation within a range movement has low…
Nifty: Weekly Options Strategy: Further broader consolidation likely; Go for Short Nifty Iron Fly
[ad_1] By Raj Deepak Singh, Head – F&O, Currency, and Commodity Research, ICICI Direct Strategy Position: small nifty 30 june 2022 15,700 call at 160 and short 30 june 2022 15,700 at 140, 30 june 2022 call 16000 at 43 and 30 june 2022 15,300 at 38 (1 lot each) Logic: The Nifty recovered around 2% last week in line with global indices after a sharp sell-off in the past week. However, the broader markets have underperformed relatively as they failed to see a major recovery amid unabated foreign institutional…
Stock market news: D-Street awaits consolidation due to global adverse conditions
[ad_1] Markets remained sluggish throughout the week as rate hike and inflationary pressures remained the key pressures. Theoretically, demand-side issues are dealt with by the central bank through monetary policies, while supply-side ones, through fiscal measures by the government. However, in the real world when a crisis occurs, its wider impact is felt across borders, regions and regions, and more often than not, a combination of fiscal and monetary policies are implemented. Since the start of the pandemic, reserve Bank of India And the government has turned into brothers with…