Arthavrksh

BSE Update: Breakout Extends; 3,860 in Focus

On 28 Oct we had highlighted BSE ’s move above the trendline after a Morning Star formation near the lows. Since then the stock has extended from around 3,500 to about 3,790 on the 4-hour chart, a gain of roughly 8%. The move cleared the… See Moremore

Nifty Set for Sharp Gap-Up; 200 SMA in Focus

Pre-open cues are strongly positive. GIFT Nifty is around 330 points above yesterday’s close, pointing to an opening near 24,250-24,300. Global risk assets have been supported by the US midterm outcome. Brent crude corrected almost 10% ye… See Moremore

Reliance Update: Sharp Weekly Bounce From D Zone

On 31 Oct, after RELIANCE’s Q2 results, we had highlighted a harmonic XABCD structure with the stock near point D on the weekly chart, with RSI close to oversold. This week the stock is up over 12% on the weekly futures chart, trading near… See Moremore

Nifty Nears 23,800 Resistance; IT Eyes US Polls

Pre-open cues are mildly negative, with GIFT Nifty down around 70 points. The US midterm results are coming in, with the Democrats reported to be leading. Yesterday Nifty continued its upmove, went above 23,590, came close to 23,750 and end… See Moremore

Nifty Pivot 23,400-23,320; Reliance, Steel Lead

Pre-open cues are positive. GIFT Nifty is up around 120 points as crude eased after breaking the $109 support, touching $103.28 and trading near $104.44, which brought risk appetite back. Yesterday Nifty opened above 23,000, moved towards… See Moremore

Brent Below $105 Post-Close; OMCs in Focus

Oil marketing companies were already firm in today’s session. IOC gained 3.41%, BPCL 2.86% and HPCL 2.19%, with Brent trading around $108.65 when Indian markets closed at 3:30 pm IST. After the close,brent crude fell further and slipped be… See Moremore

Nifty Eyes Gap-Up Open; Oil Marketing Cos Watch

Pre-open cues are positive. GIFT Nifty is trading about 170 points higher, and Brent crude is down around 2.4% on supportive geopolitical news, which points to a gap-up start. On Friday Nifty extended its upside, respected the pivot cluster… See Moremore

Bank Nifty Holds 53,750; Hurdles Stack Above

Bank Nifty found support near the 53,750 zone flagged last week and recovered to close the week at 54,686.95, up about 0.74% from 54,287.35. That support has now held on its first real test. Overhead, the 50 SMA near 55,948 is the immediate… See Moremore

Nifty Reclaims 200-Week SMA and 23,000 Mark

Nifty ended the week at 23,053.10, up 453.10 points (+2.00%), reclaiming both the 200-week SMA near 22,698 and the 23,000 mark. The weekly low of 22,387.35 held above the 22,200 support zone, which keeps the idea of a higher low in the broa… See Moremore

Reliance Q2 Profit Up 34%; Harmonic Zone Watch

RELIANCE reported Q2 FY27 consolidated profit of Rs 29,550 crore on 30 Oct. That is up about 34% from Rs 22,092 crore a year ago and about 27% from Rs 23,196 crore in the previous quarter. Revenue was a record Rs 3.62 lakh crore, up about… See Moremore

Nifty IT Holds Above Neckline on Weekly Close

Nifty IT closed the week near 32,600, above the neckline of its inverse Head & Shoulders pattern near 32,130. The structure is clear on the weekly chart. There is a left shoulder from March and a head near mid-year marked by a Bullish Hamme… See Moremore

Nifty Inverse H&S in Play; DLF Breaks Out

Nifty extended its move yesterday and closed near the 23,000 mark after a small inverse Head & Shoulders breakout. The larger pattern has also been penetrated, with a measured-move reference around 23,200 and slightly above. RSI near 70 sho… See Moremore

Bank Nifty Clears 54,650; 55,135 Next to Watch

Bank Nifty extended its recovery today and moved to around 54,910, above the 54,650 hurdle that had acted as resistance earlier this week on the hourly chart. With that level cleared, the next resistance zones are 55,135 and then the fallin… See Moremore

Nifty Inverse H&S Breakout: Adani, Kotak Lead

Nifty delivered a classic inverse Head & Shoulders breakout on the 30-minute chart today. The head formed near 22,490, and the neckline around 22,780 acted as resistance for several sessions. Price moved above it with a strong green candle.… See Moremore

Fed Holds, No Guidance: Banks in Focus Today

The US Fed kept rates unchanged on 28 Oct, in line with expectations. It gave no fresh forward guidance, and the chair reiterated a data-dependent approach. GIFT Nifty is indicating a weaker start of around 70 points, so the first half-hour… See Moremore

Fed Holds at 3.75-4%: Impact on Indian Banks

The US Fed kept its benchmark rate unchanged at 3.75%-4.00% on 28 Oct, as per media reports. The vote was 10-2, so the pause came with two dissents. It followed the 25 bps hike in September, which was the first increase since July 2023. A h… See Moremore

Jio Platforms Lists; Reliance, Jio Top Two

JPL made its stock market debut on 28 Oct. It listed at Rs 1,358 on both BSE and NSE against the issue price of Rs 1,119, a premium of about 21%, as per media reports. In early trade its market capitalisation was around Rs 12.5 lakh crore… See Moremore

Nifty at 22,750 Trendline Resistance; BSE Clears Resistance

Yesterday’s expiry session was volatile. Nifty opened higher and reached a high near 22,830, just short of 22,872. It then corrected into the 22,690-22,570 pivot cluster, recovered and settled near 22,760. It now faces a falling trendline n… See Moremore

Bajaj Auto: Record Q2 Revenue, Trendline Break

BAJAJ-AUTO ’s Q2 FY27 revenue crossed Rs 20,000 crore for the first time, at Rs 20,003 crore, up 34.1% year-on-year and about 4.6% above the poll estimate of Rs 19,125 crore. Net profit rose 35.2% to Rs 3,354 crore against an estimate of R… See Moremore

Ather Energy: Breakout Extends With Volume Support

In this morning’s pre-open note, ATHERENERG was flagged after it moved above a falling trendline drawn from the September high, on a volume surge, and closed near 1,575 in the previous session. The daily chart now shows how the move has pl… See Moremore