Fyers

FYERS Broker

The chart of HERO MOTOCORP LTD tells an inspiring story of patience and reward that unfolded over the past 7 months. Key Highlights : Rangebound Movement (July - November) : The stock was trapped in a narrow range, as shown by the purple rectangle. Investors and traders had to endure a challenging period where the asset moved sideways without much progress. ...

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SBI Cards, one of the leading credit card issuers in India, has been on a downward spiral lately. It has fallen near its 52-week low and is trading at a discount to its peers. What’s behind this slump? Let’s find out! The economic environment is not favorable for credit card companies, as rising inflation and interest rates are dampening consumer spending and...

FYERS Broker

The Nifty 50 index exhibited a complex behavior, oscillating between 20,850 and 21,000, indicative of a period of consolidation. The chart reveals a rising wedge pattern, typically seen as a bearish signal in technical analysis. This pattern emerges amidst the index surpassing the 21,000 mark, reflecting strong economic indicators. For traders focusing on...

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After enduring a volatile period, MidCap Nifty has notably clinched a position above the 10k mark, signaling potential stability. As we conclude this week's trading, its close just shy of Resistance 1 (R1) on the daily timeframe is particularly noteworthy. Looking ahead to next week's expiry, the critical question arises: Will MidCap Nifty sustain this level...

FYERS Broker

What Just Happened? Nifty 50 soared to a record high, crossing 21,000 today. This isn't just a number – it's a bold statement by the Indian market, reflecting robust economic health and investor confidence. Behind the Surge : A Snapshot Economy Speaks : Strong GDP growth and controlled inflation are music to investors' ears. Foreign Investment Flows : A...

FYERS Broker

On November 29, 2023, the Nifty 50 showed a strong performance, closing at 20,096.60, which marks an increase of 206.90 points. This rally indicates a 1% growth for the day, and notably, the index crossed the significant 20,000 mark again. This performance is a reflection of positive market dynamics and investor confidence, underscoring the resilience and upward...