S&P 500 Technical Analysis 21st December 2017

S&P 500 The S&P 500 initially tried to rally during the day on Wednesday, but pulled back to reach towards the 2675 handle underneath. That is an area that caused a bit of a bounce, a thing that I expect to see going forward. The S&P 500 initially tried to rally during the trading session on Wednesday, but rolled over as the 2700 level above offers significant resistance....

Nifty Bank Outlook for the Week (Dec 18, 2017 – Dec 22, 2017

Nifty Bank closed the week on positive note gaining around 0.50%. As we have mentioned, last week that support for the index lies in the zone of 25000 to 25100 from where the index broke out of triple top pattern. If the index manages to close below these levels then the index can drift to the levels...

Nifty Outlook for the Week (Dec 18, 2017 – Dec 22, 2017)

Nifty closed the week on positive note gaining around 0.60%. As we have mentioned last week, that support for the index lies in the zone of 10000 to 10050 where medium term moving averages and low for the month of November-2017 are lying. If the index manages to close below these levels then the...

Technical View: Nifty forms ‘Bearish Belt Hold’ for second day; keep a stop loss below 10,400

India VIX fell by 0.78 percent to 12.08. India VIX has fallen by 27 percent in the last three sessions and needs to hold below 13-12.50 zones to get the smooth ride. The Nifty50 which started higher failed to hold gains and corrected throughout the trading day on Thursday and made a ‘Bearish...

Multibaggers of 2017! Over 400 stocks created more wealth than you imagined

Among the Nifty constituents, Bajaj Finance rose over 100 percent followed by Indiabulls Housing Finance which rallied 83 percent, and Tata Steel which climbed 81 percent so far in the year 2017. It is difficult to generate wealth in equity markets especially in the short term but the year 2017...

Sensex closes flat; but Nifty Midcap at record close, up for 6th consecutive session

The Nifty Midcap and BSE Smallcap indices gained 1 percent each on strong breadth. About two shares advanced for every share falling on the NSE.   It was another dull day for the market as equity benchmarks closed flat amid volatility on Thursday, tracking mixed global cues; but the broader...