Nifty Trade SetupThe market remained under pressure for seven consecutive days, falling below 23,500 and the 200-day Exponential Moving Average (DEMA) with a third of a percent loss on November 18. If the index sustains below 23,500, given the bearish sentiment and the lower highs-lower lows formation, the decline could extend to 23,200, which coincides with the 50-week EMA (Exponential Moving Ave...

Nifty Trading PlanThe Nifty 50 continued its downward movement for the seventh consecutive session, falling below the 23,500 level on November 18. Most technical indicators suggest bearish sentiment, although the RSI (Relative Strength Index) has reached oversold levels. If the index sustains below 23,500, the further downside cannot be ruled out, potentially targeting the 23,300–23,200 zone. Ho...

Stocks to PickThe market remained under pressure, falling by a third of a percent on November 18, with overall negative breadth. About 1,563 shares declined, while 941 shares advanced on the NSE. The bearish sentiment may persist, but there could be a potential rebound as the indices are in the oversold zone. Below are some trading ideas for the near term:Mehul Kothari, DVP – Technical Research ...

Stocks in NewsLet's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins and mergers, here’s a quick look at which stocks will be in focus in today's trade:Quarterly EarningsGodavari Biorefineries Q2 (Consolidated YoY)Loss widens to Rs 75 crore Vs loss of Rs 65.1 croreRevenue jumps 34.1% to Rs 321 crore Vs Rs 239.3 croreWa...

More than 50 percent of stocks across key indices – Nifty50, Nifty 500, MidCap, and SmallCap -- have fallen below their 200-day moving average (DMA) amid the recent correction in Indian equities, prompting analysts to advise caution.Among these, 30 stocks are from the benchmark Nifty 50; 286 from the Nifty 500; 61 from the Nifty MidCap 100, and 58 are from the Nifty SmallCap 100 index.Analysts n...