Jindal Steel Ltd. Share Price

Jindal Steel seeks support below a bearish cloud

Jindal Steel Ltd is trying to pause near ₹1,030 after a sharp October slide, but the Ichimoku structure remains decisively bearish. Price is below the conversion line at ₹1,058.50, below the base line near ₹1,094.30, and beneath the cloud, whose lower edge is around ₹1,076.40. This is not a chart where resistance has been cleared; it is a rebound attempt occurring below several stacked barriers.

Nifty gains 0.44% as PSU banks lead weekly rally

Indian equities ended the week of October 5–9, 2026, higher despite the RBI raising the repo rate by 25 basis points to 5.50% and adopting a calibrated tightening stance. Market performance Nifty 50: 22,520.45, up 0.44% for the week. Sensex: 72,472.33, up 0.78%. Bank Nifty: 55,256.65, up 1.48%. India VIX: 14.38, down 0.55%. Sector rotation: PSU Banks led with a 2.35% gain, followed by FMCG at 2.08%, Financial Services at 1.91% and IT at 1.86%. Realty declined 3.88%, Auto fell 2.48% and Metals lost 2.20%, reflecting pressure on rate-sensitive and cyclical sectors. Stocks in focus: Trent gained 13.11%, Kotak Mahindra Bank rose 5.41%, and HDFC Life Insurance advanced 4.20%. On the downside, Adani Enterprises fell 6.48%, Max Healthcare declined 6.07%, and JSW Steel lost 5.27%. Technical outlook: Nifty closed near the weekly pivot of 22,492. Immediate support is at 22,208, followed by 21,896. Resistance is placed at 22,804 and 23,088. A sustained move above resistance would strengthen the recovery, while a break below support could renew selling pressure. Breakout watch: PTC Industries and Nuvama Wealth Management closed above their identified swing-high levels. Chennai Petroleum Corporation failed to sustain its breakout, while Engineers India and Jindal Steel remained below key support levels. What to watch next: Nifty expiry on October 13, upcoming corporate earnings, the impact of tighter monetary policy and sector-specific price action. Learning outcome: Weekly index gains can conceal significant sector divergence. Tracking market breadth, relative sector strength and confirmed breakouts helps investors distinguish sustainable trends from short-lived rebounds. Disclosure: This post is for informational and educational purposes only and is not investment advice.

Jindal Steel Breaks Key Support - What Next?

Jindal Steel has witnessed a sharp sell-off, falling 4.81% today to close around ₹1,010. The stock broke below the ₹1,090–₹1,110 support zone, which had been an important short-term base. The breakdown is technically significant because the stock is now trading below all major moving averages — 10 EMA at ₹1,090.9, 20 EMA at ₹1,110.4, 50 EMA at ₹1,118.9, 100 SMA at ₹1,118.9 and 200 SMA at ₹1,137.2. This indicates broad-based weakness across short- and long-term trends. Momentum indicators are also bearish. RSI has dropped to around 27.5, entering oversold territory, while MACD remains negative. ADX at around 25 suggests the current trend has enough strength to remain important. The immediate level to watch is ₹1,000, which was tested today with a low of ₹1,001.10. A decisive close below ₹1,000 could open the door towards the ₹950–₹900 zone. However, the deeply oversold RSI means a technical bounce is possible. For any meaningful recovery, the stock needs to reclaim ₹1,090–₹1,110, followed by ₹1,118–₹1,137. My view: The structure remains bearish after today's breakdown. ₹1,000 is the key psychological support, while ₹1,090–₹1,110 has now turned into an important resistance zone. Disclosure: The author may have a financial interest in the securities discussed. The views expressed are personal and may change without prior notice.

“Metal Stocks में गिरावट: Risk या Buying Opportunity?”

7 अक्टूबर को Nifty Metal करीब 2.3% गिरा, जबकि NALCO, Hindalco, JSW Steel,

PRE MARKET--> FIIS/ IT STOCKS/ NIFTY & BANKNIFTY AND MORE...

Nifty Deeply Oversold! Crude Cools, FIIs Keep Selling — Can IT Stocks Trigger a Relief Rally? Indian markets enter today's session at a critical point. After eight consecutive weekly declines, Nifty is now trading near multi-month lows and technical indicators have moved into deeply oversold territory. The biggest question for investors is: Can an oversold market finally see a relief bounce, or will continued FII selling keep the pressure alive? There are some encouraging signals — particularly from crude oil and global IT — but foreign selling remains the biggest obstacle. ---->Nifty Is Deeply Oversold The Indian market has gone through an unusually long period of weakness. Nifty has recorded its eighth consecutive weekly decline, its longest losing streak in 25 years. The index closed around 22,422 in the previous session, while technical analysts have highlighted the 22,200–21,740 zone as an important structural support area. ---->FIIs Are Still Selling The biggest problem remains foreign institutional selling. FIIs have been consistently reducing exposure to Indian equities. In September alone, FIIs reportedly pulled out around ₹44,010 crore, while DIIs invested nearly ₹76,030 crore. ---->IT Could Provide the Market Some Support One of the most interesting positive triggers is coming from global IT. Accenture delivered a strong Q4

PRE MARKET-->"You must read this before the market opens."

Crude में नरमी, Metals में Profit Booking का संकेत — Gold और Metal Stocks पर नजर, Nifty 23,200–23,250 अहम Support। दूसरी तरफ global markets में कमजोरी और metals में profit booking की संभावना के कारण Gold और Metal-related stocks आज focus में रह सकते हैं। ----> US Markets: Wall Street में कमजोरी अमेरिकी बाजारों में बुधवार को दबाव देखने को मिला। • Dow Jones: करीब -0.36% • S&P 500: कमजोर होकर बंद • Nasdaq: करीब -0.33% के आसपास दबाव में ----->Gold और Metals पर क्यों रहेगी नजर? पिछले session में Indian market में metals ने अच्छा प्रदर्शन किया, लेकिन elevated commodity prices के बाद traders अब higher levels पर profit booking पर नजर रख सकते हैं। Gold में global uncertainty और geopolitical risk के कारण interest बना हुआ है। GOLD OR METAL RELEATED STOCKS