[ad_1] After heaving a sigh of relief in a week earlier, the stock markets resumed their gains. The headline index continued with its pullback and broke above some key levels, protecting key supports. Over the past five sessions, the market has been on a largely upward trajectory except for a day of consolidation in the midst of keeping the general trend sharp. The trading range also widened on expected lines. nifty In the previous week, there was volatility in the range of 613.70 against 405.75 points. Taking its support higher,…
Tag: Nifty
Nifty: Will Nifty rule the bull market in July? Here’s What History Tells
[ad_1] Indian markets have entered the month of July with renewed optimism and new energy. The broader market is trading in the green in the first week of July. Last week, we talked about niftyperformance when its PE falls below 20 times. When the PE drops below 20x, the average 1-year forward return is 15.2%. Currently, we are trading at 19.9x. This is indicating an attractive level for the market participants to choose good quality stocks to generate high returns. Today we will look at why the market is likely…
Nifty Tech View: Tech View: Nifty 50 forms uncertain candle but further upside is possible
[ad_1] nifty 50 Rose rose for the third consecutive session on Friday but formed a bearish candlestick on the daily chart that looked like a hanging man. The 50 pack index managed to close above the 16,200 level. Analysts say as long as the index stays above 16,170, the momentum remains positive. Mazhar Mohamed of chartviewindia.in said that Nifty 50 registered an uncertain hanging man candle despite strong gaps. He added that the lower shadow of the candle should have been slightly longer to qualify as a perfect ‘Hanging Man’…
Tech View: Tech View: Nifty 50 above 50-day SMA; forward reverse possible
[ad_1] New Delhi: nifty 50 Thursday closed above its 50-day simple moving average and formed a bullish candle with a long wick on the daily chart. Analysts said the technical setup for the index looks positive since the breakout of 15,900. He believes that the upside could attract further buying above the 16,150-175 range. For the day, the index ended the day higher at 16,132.90, up 143.10 points or 0.89 per cent. It was below the 50-days EMA of 16,150 but above the 50-days SMA of 16,120. Nagraj Shetty HDFC…
Nifty 50: Select companies from auto, finance, IT, oil and gas sectors to lead the Q1 show
[ad_1] The all-India average cement price rose 5.7% year-on-year to ₹390 per 50 kg in the June 2022 quarter. essence Samples’ total revenue for the June quarter is expected to grow 37.2% year-on-year, according to ETIG estimates. This will be the sixth consecutive quarter for double-digit topline growth. Net profit is likely to grow 43.6% on account of a sharp jump of three times in the year-ago quarter due to a lower base in the June 2020 quarter, which was badly hit by the first Covid wave. Mumbai: Nifty 50…
Nifty news: Nifty over 1%, FPIs become net buyers
[ad_1] A sharp fall in crude oil prices, a strong June-quarter business update and net buying by foreign funds after a long period pushed up Sensex and… nifty Weak Asian markets gained over one per cent each amid rising global concerns of an impending US slowdown. The Sensex closed 1.16% higher at 53,750.97, its best closing in two weeks. Nifty 50 index rose 1.13%. Nifty Midcap The index rose 1.9%, while Nifty Smallcap 0.5% rose. Nifty FMCG gained the most by 2.64%, followed by Nifty Auto and Nifty Consumer Durables,…
Nifty 50: Tech View: Nifty 50 forms a bullish candle, sends positive signals
[ad_1] New Delhi: Nifty 50 broke the 16,000 mark intraday for the second consecutive session on Wednesday, closing just below psychological levels. The index formed a bullish candle on the daily chart which almost took hold of the negative candle of the previous session. Technically, according to Nagraj Shetty, this indicates a disregard for bearish formation and indicates a positive bias for the market. HDFC Securities, “Short term trend of Nifty 50 has turned positive and the overall chart pattern indicates the possibility of a sharp upside breakout of the…
Nifty 50: Nifty 50 companies may register 21% growth in June quarter earnings on a lower basis
[ad_1] Mumbai: nifty 50 The companies are likely to register year-on-year (YoY) growth of 32% and 21% Revenue And profitsrespectively, on the back of the low base in the June 2022 quarter (Q1), as per Analysts‘ Estimate. Excluding financial, telecom and commodities, revenue and profit growth is expected to come in at 22% and 16%, respectively. According to data compiled by Antique Stock Broking, auto, energy, cement and consumption sectors will lead the growth in revenue in the June quarter, while healthcare, utilities and banks are likely to lag behind.…
Nifty: Will Nifty repeat history and bounce back in July after 3 months of decline?
[ad_1] Mumbai: Concerns remain about inflation, geopolitics and a possible slowdown in the US, but Market Historical data shows that indices rise after falling for three consecutive months. Benchmark nifty Metals ended June down 4.85% due to fall pharma And realty sector and recently touched a low of 15,183. Migrant investors Remained as it is Their sales in June for the ninth consecutive month recorded the second-highest sales in a month amid broader macro concerns. “In the last 20 years, Nifty has not given negative returns for more than three…
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…