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Market Updates - Angel One

Technical View: Nifty PSE Breaks Out of Ascending Triangle Pattern

Technical View: Nifty PSE Breaks Out of Ascending Triangle Pattern

25 April 2024

The NSE benchmark Nifty50 index has rebounded by over 150 points from the day’s low and is hovering near the day’s high, around the 22,450 mark, up by 0.22%. This strong recovery has drawn attention to the Nifty PSE Index, which has hit a new high and, notably, has broken out of an ascending triangle …

SEBI’s Cross Margin Extension for Offsetting Positions with Different Expiry Dates

SEBI’s Cross Margin Extension for Offsetting Positions with Different Expiry Dates

24 April 2024

Introduction The Securities and Exchange Board of India (SEBI) has announced an extension of cross margin benefits for offsetting positions in derivative markets. Previously, cross margin was allowed for positions in correlated indices or an index and its constituent stock futures when both had the same expiry date. This new development allows cross margin benefits …

NSE Waives Transaction Charges on Nifty Next 50 F&O Trades for 6 Months

NSE Waives Transaction Charges on Nifty Next 50 F&O Trades for 6 Months

24 April 2024

In a move aimed at encouraging greater participation in Futures and Options contracts for the Nifty Next 50 Index, the National Stock Exchange (NSE) has announced a fee waiver. According to an NSE circular dated April 23, 2024, trades executed in the Futures and Options segment on Nifty Next 50 Index (NIFTYNXT50) will be exempt …

Bank Nifty: Key Support and Resistance Levels to Watch Out for on Wednesday – 24 April 2024

Bank Nifty: Key Support and Resistance Levels to Watch Out for on Wednesday – 24 April 2024

24 April 2024

Bearish Candles on the Daily Chart On Tuesday, the Bank Nifty formed a back-to-back “open=high” candle, indicating a negative trend. Since the closing price was lower than the opening level, it created a consecutive bearish candle on the daily chart. However, despite these bearish indicators, the index has maintained its pattern of higher highs and …

India VIX Falls Over 20% Today: Is This Signaling Something?

India VIX Falls Over 20% Today: Is This Signaling Something?

23 April 2024

India VIX, whether termed a volatility index or a fear index, has plummeted over 20% today, dropping from 12.70 to a low of 9.95. Currently hovering around 10.10, it marks a decline of 20.55%. Yesterday saw a 5.65% dip, closing at 12.70 after opening at 13.45. As the Nifty approaches its resistance levels of 22,400-22,500, …

Israel – Iran War: What it Means for Your Portfolio?

Israel – Iran War: What it Means for Your Portfolio?

15 April 2024

The recent escalation of hostilities between Israel and Iran marks a significant turning point in the Middle East, with far-reaching implications that extend well beyond the immediate geopolitical sphere. As the world’s economies brace for the impact, the Indian market, with its intricate ties to both nations, finds itself at a crossroads and could face …

NIFTY 50 Hit an All-Time High: Should Investors be Cautious?

NIFTY 50 Hit an All-Time High: Should Investors be Cautious?

12 April 2024

The Indian benchmark is setting new record highs week after week and has been up by around 28% in the past year and a few of its stocks like Tata Motors and NTPC have more than doubled in the past 1 year, This develops questions in the minds of investors. 2023 Bull Run The year …

Hydrogen Push: Top Green Hydrogen Producing Companies in India

Hydrogen Push: Top Green Hydrogen Producing Companies in India

12 April 2024

The Mission will empower green hydrogen producers in India to produce green hydrogen without incurring any transmission costs for 25 years straight and various private companies have expressed their interest in investing in green hydrogen production and green hydrogen energy storage. What is Green Hydrogen? Green hydrogen is produced by renewable sources of energy like …

Nifty Metal Index: Will the Rally Continue or Retreat?

Nifty Metal Index: Will the Rally Continue or Retreat?

10 April 2024

The Nifty 50 index has been maintaining its position around the 22,700 mark, exhibiting stability amidst market fluctuations. However, amidst this stability, one sector stands out like a lion – the Nifty Metal sector. With a commendable surge of 1.44% on Wednesday alone, the Nifty Metal Index has proven to be the top-performing sector for …

Sensex Returns During Different Indian Prime Ministers’ Periods

Sensex Returns During Different Indian Prime Ministers’ Periods

8 April 2024

The Indian markets opened the week on a bullish note, with major indices like the Nifty50 and Sensex trading at their all-time high levels. Today, the BSE, India’s oldest exchange, marked a significant achievement as the combined market capitalization of all listed stocks on the BSE crossed the Rs 400 lakh crore milestone for the …

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