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News
F&O: Falling VIX shows Nifty firmly in the grip of the bulls
Bank Nifty finally closed above 27,000 and formed a bullish candle on the daily scale.
Tech view: Nifty forms bullish candle; near-term indicators favour the bulls
The NSE Nifty50 index remained above its 200-day moving average throughout the session.
Sensex surges 307 points, Nifty below 10,900
Opening on a positive note, the Sensex went on to reclaim the 36,000-mark and hit a high of 36,312.31 during the intra-day trade before ending at 36,270.07, up 307.14 points, or 0.85 per cent. For the 50-share NSE Nifty, the close came in at 10,888.35, higher by 82.90 points, or 0.77 per cent, after shuttling between 10,900.35 and 10,844.85.Sensex surges 307 points, Nifty below 10,900
Share market update: Nifty IT index trades flat; Tata Elxsi dips over 1%
Benchmark NSE Nifty50 index was up 67 points at 10,872.45 while the BSE Sensex was up 289.36 points at 36,252.29.
Sensex jumps 200 points, Nifty reclaims 10,850
The benchmark indices extended their winning streak to the fifth consecutive session and opened in the green on Monday following mixed global cues ahead of the US Fed Policy meet to be held on Wednesday. Around 9:30 am, the BSE Sensex was trading 230.77 points, or 0.64 per cent higher at 36,193.70, while its NSE counterpart Nifty rallied 55.05 points, or 0.51 per cent, to 10,860.50.Sensex jumps 200 points, Nifty reclaims 10,850
Sensex jumps 200 points, Nifty50 tops 10,850; Vedanta rallies 5%
Vedanta was among the top Sensex gainer and jumped nearly 5 per cent in opening trade.
Above 10,950, Nifty can extend towards 11,200
Currently, the index is hovering below its strong resistance of 10,950, and any decisive break above that level can push index towards 11,200.
Larger correction likely if Nifty slips below 10,400
The upward consolidation on the weekly chart, which started a few weeks back seems to be in force.
Close above 11,100 may take Nifty to 11,550
A long bull candle has been formed last week with a long lower shadow.
Bank Nifty could outperform even more if it crosses 27,000
The Bank Nifty has gained 2.77 per cent in the last four days and Nifty gained 3 per cent.
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