This 28th of February recorded one of the worst Indian stock market crashes within a single day wiping away approximately ₹5 crores in investor funds. This major drop was influenced by the global scare of the novel coronavirus, officially known as COVID-19, turning into a pandemic. There was a 3.5% drop in Indian indices which is …
It has been an extraordinary year so far. We have seen both, Sensex and Nifty, hitting new highs, which reverberates the power of long term equity investing. At the beginning of 2017, nobody could have guessed how the year would eventually turn out to be. The year 2017 was expected to reflect the effect of …
Below was our analysis for this expiry: Chart Analysis Nifty CMP: 17534 Time Frame Trend CandleStick RSI Resistance Support Monthly Bullish Neutral 63 (Neutral to Overbought) 18000 16000 Weekly Bullish Bullish 58 (Neutral) R1 -18000 R2 -18300 S1 – 16600 S2 – 16000 Daily Bullish Neutral 76 (Overbought) R1 -17500 R2 -17750 S1 – 17150 …
In its recent reports, financial technology giant Paytm, or One97 Communications, revealed that the company has witnessed a jump in its revenue. This is the first time Paytm released its revenue figures since its recent stock market debut. Following a successful IPO, the tech firm is now planning to meet its objectives to bring value …
RBI, on Thursday, announced that it had imposed 6.5 crore penalty on 3 banks. The central bank commented that the three banks have failed to comply with its regulatory compliance norms on various accounts. The three banks, Bank of India (BOI), Karnataka Bank, and Saraswat Co-operative Bank were fined for failing to comply with NPA …
On Wednesday, 6 October 2021, Nalco (National Aluminium Company Limited) was the only stock to be put under NSE’s F&O (futures and options) ban. The scrip had crossed 95% of the MWPL (market-wide position limit) which forced NSE to place it under a ban. Read on to know more about this company and why its …
Despite the effects of the Omicron variant and high base effect, India Inc., the country’s formal sector, has delivered a healthy quarterly performance for Q3 FY 22. The combined profits of 3191 companies listed on India’s stock exchanges have increased 26.9% YoY (year-on-year) from the same quarter in FY 21. However, earnings growth in Q3 …
What is recession? The U.S. economy has been experiencing a recession for the past few years, but what does that mean? A recession is a period of time when the economy experiences negative growth in terms of Gross Domestic Product (GDP). In other words, there are fewer jobs being created than before and people are …
In Nifty Outlook of 30 June, 2022 expiry, we analyzed Nifty on Monthly, Weekly, Daily & Hourly time- frames. Below was the summary for our analysis: Monthly time-frame It indicates complete bearishness in market, as price has broken the major support zone with big red candle. However, it’s gained some support from 1500 levels. Weekly …
In Nifty Outlook of 07 July, 2022 expiry, we analyzed Nifty on Monthly, Weekly, Daily & Hourly time- frames. Below was the summary for our analysis: Monthly time-frame indicates a bearish hold in the market, however there is support from 15200 levels, 16800 being major resistance. Weekly – Last week candle indicates indecisiveness in market, …
