The Nifty 50 closed the rangebound trade on a flat note, rising 0.1 percent on December 26, the expiry session for monthly Futures & Options contracts. The upside has been capped at the 23,850 level (which coincides with the 200-day SMA) and the downside at the 23,650-23,700 zone (which somewhat coincides with the 200-day EMA) for the third consecutive session. The breaking of this trading range o...

Nifty Trade SetupThe market has seen a downward trend throughout last week, falling 1.5 percent on December 20 and losing 4.8 percent for the week. Sentiment turned significantly bearish, with the Nifty 50 falling below the 200-day EMA (23,700) on a closing basis, accompanied by a negative bias in momentum indicators. Hence, if the index sustains below 23,700, the November low (23,263) cannot be r...

Nifty Trade SetupThe market continued to reel under pressure for the fourth consecutive session on December 19, falling by 1 percent after the Federal Reserve indicated only two interest rate cuts for 2025. Amid the decline, the Nifty 50 managed to defend 23,900 on a closing basis. As long as the index stays above this level amid likely consolidation, 24,050 (50% Fibonacci retracement) is the imme...

Domestic benchmarks Nifty 50 and Sensex opened with sharp cuts on December 19, echoing negative global cues as the US Federal Reserve slashed the key lending rate by 25 basis points, but took a more hawkish tone on the monetary policy easing cycle for 2025.The global markets weren't too happy with the US central bank as frontline indices across the world traded deep in the red. Ahead of the openin...

Nifty Sees Selling PressureThe Nifty 50 recorded a 1.35 percent loss on December 17, extending its downtrend for the second consecutive session, with selling pressure across key sectors ahead of the Fed meeting outcome due on December 18. The index fell below all key moving averages (except for the 200-day exponential moving average), signaling weakness. If the index fails to defend the 24,200-24,...