The Nifty’s inability to breach the 200-DMA underscores the prevailing weak sentiment. Immediate support is seen at 23,200, and a breach below this level could trigger further downside. Resistance is placed at 23,550. A decisive move above this level might ignite a market rally.
Posts in category All News
Stock market update: Stocks that hit 52-week highs on NSE in today’s trade (21-11-2024)
Kiri Industries, Artemis Medicare, Vijaya Diagnostic, Dynamic Cables and Jash Engineering, hit their fresh 52-week highs during the day.
Bitcoin marches towards $100,000 on optimism over Trump crypto plans (21-11-2024)
Bitcoin prices topped $98,000 for the first time during European trading, and were last up around 4 per cent on the day
Investing Basics – Feel free to ask the most basic questions (21-11-2024)
What does negative change in inventory means in PL and CFs statement?
Tata Power and Asian Development Bank sign MoU (21-11-2024)
To explore financing solutions for ongoing power infra and clean energy projects
Tech view: Index weakens but holds key support, relief rally possible above 23,200. How to trade tomorrow (21-11-2024)
Nifty opened flat but closed lower on Thursday. The volatility index India VIX surged. The index formed a red candle on the daily chart, indicating weakness. The 50-weekly SMA at 23,300 is a key support level. A short-term relief rally is possible if the index holds above 23,200. The highest OI on the call side is at 23,350 and 23,400, while on the put side, it’s at 23,350 and 23,300.
Basilic Fly Studio Ltd (21-11-2024)
What’s going on in the stock, more than 60% correction from the top, worth considering now? If someone is tracking, appreciate your views on the company, growth drivers, risk factors and management track record. Any recent guidance from the company?
Phantom is doing okay offlate, so wondering if there is anything company specific which I am missing?