Share Market News: Latest updates. - Page 4

Market continues to make new highs globally. In india may be it's time for banks to start rallying ? as per analysts.

Giant company INTEL is for sale ?

https://www.reddit.com/r/AMD_Stock/comments/1fmhjdz/qualcomm_has_already_spoken_with_us_regulators/

Market Today

Indian benchmark indices Sensex and Nifty 50 are likely to open on a negative note on September 25, tracking cues from GIFT Nifty trading near 25,927, a short while ago this morning.

Indian equity indices failed to hold record highs and snapped the three-day run to end flat in the volatile session on September 24 after Sensex and Nifty crossed 85,000 and 26,000, intraday, respectively.

At close, the Sensex was down 14.57 points or 0.02 percent at 84,914.04, and the Nifty was up 1.40 points or 0.01 percent at 25,940.40.

Experts expect the momentum to continue. The Nifty 50 is likely to march towards 26,100 if it sustains above 26,000, while the support placed at 25,800. The Bank Nifty is expected to march toward 54,500 level, while the 53,750 may act as a support.

The buying interest in the late trade helped the Nifty 50 climb and close above the 26,000 mark on September 25. The index formed bullish candlestick pattern on the daily charts and maintained higher highs formation. Experts expect the momentum to continue. The Nifty 50 is likely to march towards 26,100 if it sustains above 26,000, while the support placed at 25,800. The Bank Nifty is expected to march toward 54,500 level, while the 53,750 may act as a support.

On Wednesday, the Nifty 50 recorded fresh all-time closing high of 26,004, up by 64 points ahead of the monthly F&O expiry session, while the Bank Nifty rose 133 points to 54,102. On the NSE, 1,475 shares declined, while 1,008 shares advanced.

On the daily charts, we can observe that the Nifty dipped towards 25,850 – 25,875 support zone and resumed its up move. The hourly moving averages absorbed the selling pressure and restricted further slide. The Nifty is likely to continue its upmove towards 26,300 which is the weekly upper Bollinger band. The support zone is placed at 25,850 – 25,800. There can be some consolidation however the undertone is bullish and dips towards support zone should be used as a buying opportunity.

At this stage, caution is required.

Another day with red bath in markets!

But, surprisingly, US and European markets opened in green, a good sign for our Monday's market!!

Spectacular September job report

https://finance.yahoo.com/news/september-jobs-report-crushes-expectations-as-us-economy-adds-254000-jobs-unemployment-rate-falls-to-41-123503927.html

Nifty Trade Setup for Monday

The Nifty 50 plunged nearly 5 percent from its record high and fell 1 percent on October 4. The index closed below its 50-day EMA (Exponential Moving Average) with above-average volumes for the first time in the last four months. According to experts, the overall trend remains in favour of the bears, indicating a "sell on rally" market, though a bounce-back cannot be ruled out given the major downtrend. The 24,750 level is key if the index decisively breaks 25,000 on a closing basis, whereas on the higher side, the hurdle lies at 25,300. Here are 15 data points to help identify profitable trades:

Special Formation: The Nifty 50 formed a bearish candlestick pattern with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels for another session. This marks the continuation of the lower highs-lower lows formation for the fourth straight day. The 5-day EMA has now fallen below the 10-day and 20-day EMAs, with a negative bias in the momentum indicator RSI (Relative Strength Index) on both the daily and weekly timeframes.

Key Levels For The Bank Nifty

Resistance based on pivot points: 52,109, 52,348, and 52,734

Support based on pivot points: 51,336, 51,098, and 50,711

Resistance based on Fibonacci retracement: 53,204, 53,446

Support based on Fibonacci retracement: 52,413, 51,929

Special Formation: The Bank Nifty recorded a bearish candlestick pattern with a long upper shadow, resembling an Inverted Hammer (not a classical one) on the daily charts. While the Inverted Hammer is a bullish reversal pattern, confirmation will be required in the following session. The index was down 0.74 percent at 51,462 on Friday, continuing its downtrend and lower tops-bottoms formation for the fifth consecutive session, with above-average volumes. For the week, it fell 4.4 percent and formed a long bear candle on the weekly timeframe, closing below both the 5-week and 10-week EMAs. The momentum indicator RSI also showed a negative bias on the daily, weekly, and monthly charts, indicating the overall trend remains negative.

Long Build-up (9 Stocks)

A long build-up was seen in 9 stocks. An increase in open interest (OI) and price indicates a build-up of long positions.

81 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding.

Indian market players will be keeping an eye on Middle East conflicts and crude oil price. Global ques are positive but unfortunately above factors can't be ignored. Morning upside gets crushed by the afternoon and gets closed in the negative. Choppy markets in short.

Market Today

Taking Stock: Sensex, Nifty fall for sixth day in a row; mid, small-caps crack further

Except IT index (up 0.6 percent), all other sectoral indices ended in the red with PSU bank, healthcare, capital goods, realty, metal, power, oil & gas, media and telecom down 1-3 percent.

In yet another highly volatile session, the Indian benchmark indices ended lower and extended the losing streak for the sixth consecutive session on October 7 amid selling across the sectors, barring information technology names. Worries over the escalation of the conflict in the Middle East weighed on investor sentiment.

At close, the Sensex was down 638.45 points or 0.78 percent at 81,050, and the Nifty was down 218.80 points or 0.87 percent at 24,795.80.

Amid positive global cues, the market opened higher but erased all the gains in the initial hours and gyrated between gains and losses throughout the session to end near day's low.

In today's fall, investors' wealth declined by around Rs 8.99 lakh crore, as the market capitalisation of BSE-listed companies slipped to Rs 452.27 lakh crore, from Rs 461.26 lakh crore in the previous session.