Trade setup for 04 June; Eurozone inflation data, NSE Nifty on 25000 level and Nomura on GDP growth

Trade setup for 04 June; Eurozone inflation data, NSE Nifty on 25000 level and Nomura on GDP growth

Nifty showed a different kind of behaviour today, especially from the bullish perspective, as it witnessed significant movement, closing 174 points lower at around 24,542. It closed below the previously strong resistance-turned-support level of 24,600, which had held firm for a long time. However, today Nifty broke below that level and ended the day beneath … Read more

Trade setup for 03 June; NSE nifty support 24600, Jerome Powell speech today and GDP growth

Trade setup for 03 June; NSE nifty support 24600, Jerome Powell speech today and GDP growth

Support for Nifty50 is acting as a strong base, as the market exhibited both bullish and bearish movements today. The market opened slightly gap-down and then formed a strong bearish candle, reaching a low near 24,525. After that, it showed a consistent recovery from the low and ended with an overall positive gain. By the … Read more

TATA MOTOR business model: Revenue breakdown, Growth ahead and impact of TESLA entry

TATA MOTOR business model Revenue breakdown, Growth ahead and impact of TESLA entry

Countries like India, which have maintained a consistent growth rate of around 6% to 8% over the past few years, are making significant forecasts for continued growth in the future as an emerging economy, aiming to become a developed nation by 2045. This raises curiosity about which sectors are contributing to the GDP. If we … Read more

Trade setup for 27 May; Nse nifty see 25100 resistance, Trump extend tarrifs date and Rising covid cases impact

Trade setup for 27 May; Nse nifty see 25100 resistance, Trump extend tarrifs date and Rising covid cases impact

The market has been showing a mix of bullish and flat movements recently. In today’s trade setup, the market opened slightly bullish and then made a strong move to the upside, reaching levels above 25,000. After that, it attempted to retrace and gave up most of its gains, pulling back near the opening levels. Following … Read more