Key Points
The Nifty on Friday touched an intraday high of 18,864, merely 68 points away from its lifetime high..
The daily chart reveals a breakout within the 18,750- 18,350 range, indicating favorable conditions for continued bullish momentum as the index prepares to touch fresh all-time highs...
Notably, stocks like Aditya Birla Capital, Bharat Dynamics, Bharti Airtel, Devyani International, Galaxy Surfactants, ICICI Lombard, Mishra Dhatu Nigam, and M&M demonstrate strength and present a favourable risk-reward setup for long positions with lower risk and higher potential rewards...
We wont recommend taking fresh longs in Nifty Index at the current juncture as risk reward is not favourable, and 18,980 looks like a near-term cap...
Till Nifty holds above 18,666 zones, this momentum can extend towards new highs of 19,000 and 19,250 zones; while on the downside, supports exist at 18,666 and 18,442 zones..
You might be interested in
Nifty to rise above 18,600 or see further correction? Check US stocks, Asia shares, FII activity, SGX Nifty, more
01, Jun, 23The SGX Nifty hinted at a muted start for benchmark equity indices BSE Sensex and NSE Nifty 50. Here’s a look at the key things to know before the share market opens on Thursday.
Nifty to top 18,500 or bears to grip D-St? Check US stocks, Asia shares, FII activity, SGX Nifty, more
02, Jun, 23The SGX Nifty, Asian share markets and Wall Street indicated that domestic indices Nifty and Sensex might open on a positive note. Here are the key things to know before the market opening bell.
Index Outlook: Nifty 50, Sensex signal trend reversal
16, Apr, 23The Indian benchmark indices, the Sensex and Nifty 50 are gaining momentum. The indices have risen for the third consecutive week. How will the indices move this week?
Nifty to cross 18,400 or bears to rage on D-St? Check US stocks, Asian markets, FII activity, SGX Nifty, more
24, May, 23The SGX Nifty indicated that NSE Nifty and BSE Sensex might open in the red on Wednesday, Here are the key things to know before the share market opening bell.
Stock market powers through challenges, Nifty gains 5.5 per cent
11, Dec, 23Mumbai (Maharashtra) [India], December 11 (ANI): The stock market maintained positive momentum, overcoming brief dips to ultimately close in green territory. The global and domestic markets rebounded impressively during the month, driven by a cheerful festive season and positive global cues. Show Full Article Investor sentiments were buoyed by a dovish Fed commentary and robust […]
FII flows, IPO action among 9 factors that will steer D-Street this week
18, Feb, 24The market closed near its peak, with the Bank Nifty index emerging as a standout performer. Despite a rocky start, the PSU index demonstrated resilience, bouncing back from early declines. With few definitive signals this week, the market focus remains on the trajectory of the dollar index and US bond yields, said Santosh Meena, Head of Research, Swastika Investmart.
Index Outlook: Nifty 50 and Sensex Maintain Bullish Stance, Nifty Bank Struggles
18, Jun, 23Nifty 50 and Sensex continue their upward trend despite initial jitters. Nifty Bank faces challenges in gaining momentum.
Nifty to sustain momentum or fall below 18400? Check US stocks, Asian markets, FII activity, SGX Nifty, more
29, May, 23The SGX Nifty, Wall Street, and Asian markets indicated an incredibly favourable start for the domestic share market. Here are the key things to know before the share market opening bell on 29 May.
Nifty holds its ground in the first week of 2024
08, Jan, 24Realty and utilities were the biggest outperformers, while metals and information technology led the underperformers.
Nifty to remain range-bound or rise above 18,650? See SGX Nifty, FII data, US shares, more before market opens
13, Jun, 23The SGX Nifty hinted that benchmark Nifty 50 and Sensex might see an open in the positive territory on Tuesday. Here's a look at the key things to know before the share market opening bell.