Business News

Subscribe to Business News feed Business News
The Economic Times: Breaking news, views, reviews, cricket from across India
Updated: 2 hours 2 min ago

Industrial production grows 3.8 pc in Jan

March 12, 2024 - 5:47pm
Categories: Business News

Tech View: Nifty forms a Doji candle. What should traders do on Wednesday

March 12, 2024 - 5:21pm
Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts.The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement. Conversely, the immediate support is positioned at 22,200-22,150, and sustaining above this level could witness some recovery in the index, said Kunal Shah of LKP Securities.Open Interest (OI) data showed the call side displayed the highest OI at 22,500, followed by 22,600 strike prices. On the put side, the highest OI was observed at the 22,000 strike price.What should traders do? Here’s what analysts said:Tejas Shah, JM Financial & BlinkXNifty has formed a Doji candle on its daily chart which indicates indecisiveness prevailing in the marketplace at the current juncture. So we need to wait and watch, till the high (22,453) or low (22,256) of yesterday's daily candle is taken out for further direction on Nifty in today’s trading session. Support for Nifty is now seen at 22,250-300 and 22,000 levels. On the higher side, immediate resistance for Nifty is at 22,500-525 levels and the next resistance is at the 22,700 mark.Jatin Gedia, SharekhanOn the daily charts, we can observe that the Nifty has been range-bound between 22,200 – 22,600 for the past seven trading sessions. On the downside, multiple support parameters in the form of the 20-day moving average (22199) and the previous swing low (22,224) are likely to absorb the selling pressure and provide a cushion in case of a decline. On the upside, 22,500 – 22,550 shall act as an immediate hurdle.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Categories: Business News

Paytm may get nod for third-party app license

March 12, 2024 - 4:27pm
Categories: Business News

Nayab Saini meets Haryana guv to stake claim

March 12, 2024 - 3:39pm
Categories: Business News

PM honoured refugees through CAA:: Amit Shah

March 12, 2024 - 3:37pm
Categories: Business News

Pages

  Udhyog Mitra, Bihar   Trade Mark Registration   Bihar : Facts & Views   Trade Fair  


  Invest Bihar