Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry. The near-term uptrend status of the market remains intact. But the market seems to have started signs of […]
Downturn in sight for Nifty50, MidCap Select indices; here’s how to trade | News on Markets
3 min read Last Updated : Jul 08 2024 | 6:23 AM IST Nifty 50 Index Analysis: When examining the Nifty 50 Index, currently trading in the overbought zone, technical indicators such as MACD, RSI, and Stochastic suggest it is challenging to recommend initiating fresh long positions at the current market price. The […]
How to trade Raymond stock as board okays biz split; key levels to watch | News on Markets
2 min read Last Updated : Jul 05 2024 | 8:33 AM IST Raymond on Thursday, post market hours, announced a vertical split of the company into textile and real estate units; thus paving the way for the listing of its real estate arm. In an exchange filing, Raymond said its board approved […]
Paytm: How to trade Paytm amid wild swings. Anand James shares his strategy
Notwithstanding the wild moves seen in shares of Paytm in the last three weeks following the RBI ban on Paytm Payments Bank, Anand James, Chief Market Strategist at Geojit Financial Services, sees a trading play in the stock. “Our upside objective is in the region of Rs 500-550, but would be mindful of the chances […]