Nifty rally not sustainable on few big names, broader participation essential: Rahul Ghose of Hedged.in
The December weekly closing formed a neutral candle, reflecting indecisiveness in the market due to the holiday season. Short-term support is around 23,200–23,300, with potential declines toward 22,900–22,600. On the upside, the 24,500–25,000 range serves as a strong resistance, with the 25,000 level having significant call option open interest, making it unlikely to be breached […]
2 new issues, 6 listings this week to conclude a robust year for IPOs
2024 has been a remarkable year for India’s IPO market, and as we approach the final week, two fresh IPOs from Indo Farm Equipment and Technichem Organics will close out what has been one of the most vibrant years for the primary market. Additionally, six companies, including four from the mainboard segment, are set to […]
12 stocks approaching 52-week lows amid market fluctuations
Amid overall market volatility, many stocks have experienced sharp corrections from their all-time highs. Even the headline equity indices, Nifty and Sensex, have corrected by over 8% each.