Nifty bulls Financial News

Beyond the world of cryptocurrency, the surge in Bitcoin prices is also seen as a positive indicator for equity as an asset class as it denotes the risk-on sentiment in the market currently.

Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 in the near term. Immediate support is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.

Nifty ended Thursday's trading session 188 points higher, just above the 24,800 level, to form a long bull candle on the daily chart on Thursday expiry where 10-day EMA continued to offer support during consolidations. Nifty is now advancing towards a key overhead resistance of 24,960 (1.786% Fibonacci extension, taken from the bottom of March 23, top of Sept 23 and bottom of Oct 23). Hence, one may expect volatility/consolidations around 24,950-25,000 levels in the short term, said Nagaraj Shetti of HDFC Securities.

Sensex and Nifty traded near the flatline on Monday, the first trading day of July month, after consolidating in Friday's session. Auto stocks were in focus amid the release of June month sales numbers. Shares of Samvardhana Motherson, Hero Moto, Bharat Forge, Maruti Suzuki, and Bajaj Auto rallied over 1% each. Within the Nifty50 pack, JSW Steel, and Bharti Airtel rallied over 1%, while NTPC, Power Grid, and Apollo Hospitals fell up to 2%.

short positions by FPIs have resulted in lower double-digit positive return possibilities for the Nifty in a year, believes domestic brokerage firm ICICI Securities, while stating that rising fear in terms of high VIX. “Our one-year forward (May’25) target for NIFTY50 stands at 24,900 (20x P/E multiple) and implies a ~10% upside, against the long-term expected returns of 14%,” said ICICI Securities in a report.

stock market looks poised for a rally on Monday as Nifty bulls are screaming 'Abki baar 24,000 paar'. If the election result on June 4 also turns out to be in favour of Street favourite BJP, analysts see Nifty jumping as high as 24,000 in the next few days. The headline index had ended the week down nearly 2% as FIIs preferred to play safe ahead of the D-Day.

risk-taking, strategy, and uncertainty. In both, participants make decisions based on incomplete information, trying to anticipate and react to the actions of others. Both involve managing risk and adjusting tactics as the situation evolves. In both poker and stock markets, taking chips off the table is crucial for managing risk and securing profits. In poker, when you're ahead, it's essential to «cash in» some of your winnings by withdrawing chips from the game.

Our markets are volatile with recent events of Iran-Israel tensions and the potential for a war-like scenario taking a toll. While we do not purport to be experts on geo-political event outcomes, recent history suggests that these events take some time to de-escalate as global leaders work towards limiting both direct and collateral political implications to countries involved in such attacks. History shows that such conflicts have nearly always created near-term volatility which in hindsight, also show up as long-term opportunities.

Nifty could face knee-jerk reactions on Monday as equity investors are worried about the fallout of Iran's unprecedented full-scale military attack against Israel with more than 300 drones and missiles. On Friday, Sensex had fallen nearly 800 points as FPIs were net sellers to the tune of nearly $1 billion amid worries related to the tweak in the India-Mauritius tax treaty and hotter-than-expected US inflation data. Analysts say the sell-off could extend on Monday as well.

Nifty on Tuesday ended about 23 points lower to form a small negative on the daily chart, indicating that bulls are getting tired at new highs. Nifty is currently placed near the crucial overhead resistance of the ascending resistance line and also the important Fibonacci extension around 22,750-22,800 levels. The immediate support is at 22,500 levels and a decisive break below this support could trigger a short-term downward correction in the market, said Nagaraj Shetti of HDFC Securities.

Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside. As long as the index is trading above 21,750, the breakout texture is likely to continue. Above the same, the market could move up till 22,100-22,200. On the flip side, below 21,750 traders may prefer to exit from the trading long positions. Below which, the index could retest the level of 21,650-21,575, said Amol Athawale of Kotak Securities. Momentum indicator RSI has also provided a buy crossover, further confirming the bullish sentiment in the market. What should traders do? Here’s what analysts said: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities Nifty exhibited significant strength, securing a notable breakout on the daily chart as it surpassed the key resistance level of 21,800. This bullish move positions the index for potential short-term targets of 22,000 and 22,200. Traders are advised to consider buying opportunities on any dips toward the support level.

Fed hiked interest rates by 5.5% — this, with “quantitative tightening program” of reduction in balance sheet, resulted in multi-decade high interest rates in the US and around the world. As a result, the foreign portfolio investor (FPI) flows turned negative on emerging markets like India, leading to significant outflows and putting downward pressure on Indian equities at the start of the year. The year started with the persistence of inflation at elevated levels across economies, continuing geo-political uncertainties and tightening financial conditions.

Sensex beyond the 71,000 mark and making 21,000 the new pincode for Nifty, FIIs (foreign institutional investors) have been pouring in over Rs 3,900 crore daily on an average in December, making the 30-pack index stronger by 4,000 points so far in the month. NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year. The sharp uptick in FII flows comes after November's Rs 9,000 crore inflow and non-stop selling in September and October months. «This market has made a high despite the fact that we have yet to see significant FII inflows.