RIL: As Nifty50 bounces back from 1-year lows, heavyweight RIL has little to contribute

The benchmark Nifty50 rose sharply from the one-year lows it hit in June and hit a record high. But it is none other than the stock index that failed to do the weightlifting this trip. It has the highest weightage in the Nifty50 at over 11%, but the stock has been the biggest underperformer among … Read more

Technical Outlook: Nifty is forming an uptrend on the weekly chart. What traders should do on Monday

On Friday, the headline equity index Nifty formed a small bearish candle with a small bearish shadow on the daily chart and a bullish wave on the weekly chart. Now, the index needs to break above the 18,500 zone to move up towards 18,600-18,881, while supports are placed in the 18,442 -18,250 zone, according to … Read more

Tech View: Nifty creates red candles on daily and weekly charts. What traders should do next week

The Nifty headline index, showing support-based buying at the 18,200 zone, made a bearish candle with a long bearish shadow on the daily chart today. A red candle was also seen on the weekly chart, but no major sign of trend reversal was observed. “Nifty needs to hold above 18,250 zone to move towards 18,444 … Read more