75 years of Independence: Sensex from 100 to 59000, Gauge for an Undervalued Stock Called India

As is rightly said, the stock market of any country is the barometer of its economic growth, the story for India is no different. As we celebrate the 75th year of independence, a look back at Sensex narrates the tale of how India has grown from strength to strength. Started in 1986 on the BSE, Sensex is a free-float index consisting of 30 of the biggest listed companies in India. The BSE Sensex has grown from 100 points to 59,000 today; and while marred by volatility and bears, the index has posted robust growth, a testament to the country’s economic growth and future potential.

READ MORE

तकनीकी विश्लेषण में निफ्टी, 22 जुलाई 2023: नील भाई के अनुसार तेजी का रुख जुलाई के अंत तक जारी रहेगा | Nifty in technical analysis, July 22, 2023: According to Neil Bhai, the bullish trend will continue till the end of July

Nifty Weekly Forecast: Above 16900 Target 17400—17800 [Buy on Dips]

Nifty Weekly Forecast: Unlike the earlier week, this one was a lot more ranged. But as the index managed to tick a bit higher, people didn’t really mind that it ranged. So long as the overall bias was maintained to the upside, most people are happy. When people are happy, the breadth widens and participation increases.

READ MORE

Nifty Future Weekly Technical Forecast [16-07-2022]

The week ended was a disappointment after the strong showing of the earlier week. We finished that one well but could not see any follow-through price action in this one. You can attribute it entirely to the goings-on in the United States market. Suddenly, it seems that everyone has made U.S. inflation our problem. Reminds me of a line I read recently, ‘the Dollar may be ours but the problem is yours’ said someone out of the US, and no truer word was spoken! The Dollar Index charged up to 20-year highs, decimating many a global currency in its wake, one of which was our very own Rupee.

READ MORE

Nifty Future Buy Zone Price 16,000—15,900 [Buy On Dips]

Writing in the column on June 25, I said, “…a possible point of forming a durable bottom. This straightaway means that the June 17 low should not be broken with any degree of conviction – meaning a bit of a poke here and there should be fine. With that as a caveat, we can now start thinking of longs as a clear stop-loss zone is available.”

READ MORE

Nifty Weekly Technical Forecast [06-06-2022]

Nifty Weekly Technical Forecast: In the previous column, we studied the range that had formed and how a breakout may occur from that to set the immediate trend. We discussed that a down-move may continue upon the down-breakout but that an upside break may still meet with supplies at higher levels. Thus the bias was still bearish.

READ MORE

इस बजट 2024 से बाजार को क्या उम्मीदें हैं?

Nifty Weekly Technical Forecast By Neal Bhai [23-05-2022]

Nifty Weekly Technical Forecas: Traders continue getting tossed around by the market. We started weak, rallied up, then gave it all back, only to rally back again by the end of the week. So, the saga of volatility continues. Intra-week trading remained very difficult as gaps and lack of a follow-through kept taking a toll on whatever positions were created. The VIX moved sharply as uncertainty deepened and nervousness increased. Everyone is searching for a bottom that is proving to be elusive so far. The week in pictures was thus.

READ MORE

Nifty Could Remain in the 17405-17855 Zone in The Near Term

Nifty Trading Zone: “Nifty after falling gap down has formed a hammer like pattern after a fall, suggesting possibility of an upward reversal. Advance decline ratio fell to much below 1:1 suggesting broad based profit taking in the markets.  Nifty could remain in the 17405-17855 zone in the near term,”.

READ MORE