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Markets open flat amid mixed global cues; Shriram Finance leads gainers with 5% rally
BusinessLine· 2025-11-03 04:44
Market Overview - Markets opened cautiously with benchmark indices trading nearly flat as investors assessed mixed global signals and awaited domestic triggers [1][2] - The BSE Sensex opened at ₹83,835.10 and was trading at ₹83,959.99, up 21.28 points or 0.03% [1] - The Nifty 50 opened at ₹25,696.85 and was trading at ₹25,748.80, up 26.70 points or 0.10% [1] Sector Performance - Renewed buying interest in PSU banks and realty stocks provided early support, indicating selective optimism among investors [2] - The PSU Bank index was the top performer last week, rallying 4.66%, while the Capital Market index was the biggest loser, shedding 1.83% [7] Stock Movements - Top gainers on the Nifty 50 included Shriram Finance, which surged 5.19% to ₹787.75, and Mahindra & Mahindra, which gained 1.91% to ₹3,553.70 [3] - On the losing side, Maruti Suzuki led the decliners, falling 2.77% to ₹15,737.00, followed by Titan Company, which dropped 1.17% to ₹3,703.00 [4] Technical Analysis - The Nifty 50 is holding firm above the support level of 25,660, with resistance levels at 25,870–25,960–26,050 [5] - The Bank Nifty faced resistance near ₹58,500, with support at ₹57,500 acting as a solid base [6] Institutional Activity - Foreign Institutional Investors (FIIs) continued their selling streak, offloading equities worth ₹6,769 crore on October 31, while Domestic Institutional Investors (DIIs) purchased equities worth over ₹7,000 crore [8] - The strategy of FIIs selling on rallies and reallocating to better-performing markets is expected to continue [9] Commodity Market - In commodities, gold had support at ₹1,20,870-₹1,20,480 and resistance at ₹1,21,890-₹1,22,300, while silver had support at ₹1,47,450-₹1,46,750 and resistance at ₹1,49,340-₹1,50,280 [10]
X @Market Spotter
Market Spotter· 2025-10-05 12:46
#ETHOur "Support and Resistance Levels" indicator shows resistance levels where the price tends to reverse. Additionally, the "RSI Rocket" indicator indicates that a bearish divergence is forming.In this case, it’s better to reduce risks and protect your deposit. https://t.co/B7nWs46Q8r ...
X @Market Spotter
Market Spotter· 2025-10-03 06:31
#EIGEN bounced off the support level shown by our 'Support and Resistance Levels' indicator, gaining +38% and reaching the resistance zone.If the price breaks it, the next target is the following resistance area.Watching closely. https://t.co/i5pWDQXAgX ...
Stock Of The Day: Why Did Cipher Mining Reverse?
Benzinga· 2025-09-26 21:00
Core Viewpoint - Cipher Mining Inc. (NASDAQ: CIFR) shares have experienced a significant decline, losing over 25% of their value in three days, highlighting the importance of support and resistance levels in stock trading [1][3]. Group 1: Stock Performance - Cipher Mining shares are under pressure, continuing to drop on Friday [1]. - The stock has lost more than 25% of its value in just three days [1]. - The stock chart illustrates the concept of support and resistance levels, which are critical in understanding price movements [1][2]. Group 2: Support and Resistance Levels - Support levels indicate a high level of buy interest, where downtrends may pause or end [2]. - Resistance levels indicate a high level of sell interest, where uptrends may pause or end [2]. - The expression "Markets have memories" suggests that important price levels can retain significance over extended periods [2]. Group 3: Historical Price Action - In September 2021, Cipher shares faced resistance around $15.50, with a high trade at $15.39, followed by a significant selloff [3]. - Recently, shares hit resistance again around $15.50, with a high trade at $15.54, showing only a 15-cent difference after four years [3]. Group 4: Trading Psychology - Traditional fundamental analysis may not explain the trading behavior observed in Cipher shares [4]. - Resistance at former peaks can be attributed to buyer's remorse, where investors regret buying at high prices and place sell orders when the stock returns to their buy price [4][5]. - The phrase "Sell at former peaks" reflects a strategy that could have benefited Cipher shareholders in this context [5].
X @Market Spotter
Market Spotter· 2025-09-21 07:30
🔔 #TNSR UPDATE 🔔Our indicator shows a clear support & resistance levels.This signals strong bullish potential ahead! 🚀 https://t.co/sHEhUz5tNx ...
We're in store for more consolidation this month, says Fairlead's Katie Stockton
CNBC Television· 2025-09-02 17:54
Market Trends & Analysis - Yields are rangebound, indicating a neutral stance from an intermediate and long-term perspective [2] - The 10-year Treasury yield has support around 42% and resistance around 44% [3] - A breakout from the yield range would suggest higher yields, while a breakdown could lead to secondary support around 40% [4] - Small caps, represented by the Russell 2000, show strong upside momentum in both the intermediate and short term [6] - The Russell 2000 exhibits a cup and handle formation, suggesting a potential lift to new highs [6] - Consolidation is expected for small caps, aligning with seasonal influences and overbought conditions [7] - Large cap indices are losing upside momentum, potentially impacting the Russell 2000 [8] - The VIX is above its 50-day moving average, indicating expanding volatility inversely correlated to the S&P 500 [9] Crude Oil Analysis - Crude oil prices are still in a secular downtrend, requiring a substantial upside move to reverse [9] - There are indications on the monthly chart of WTI suggesting a major low in March/April, based on long-term oversold readings [10] Energy Sector - The energy sector shows signs of life, with some MLPs lifting out of prolonged consolidation phases [11] - Phillips 66 (PSX) shows a potential inverse head and shoulders formation, indicating constructive technical action despite long-term downside momentum [11]
X @Market Spotter
Market Spotter· 2025-08-31 10:30
#JASMY is trading between clear support and resistance levels on the daily chart. Our indicator highlights strong support around the current zone and resistance near 0.020. A bounce from here could fuel a move toward the upper range. https://t.co/jyP18DW6jH ...
Stock Of The Day: Reversal For Workday?
Benzinga· 2025-08-25 17:09
Group 1 - Workday, Inc. (WDAY) is experiencing a potential reversal in its downtrend that began in May, as indicated by its recent trading activity [1] - The $206 price level for Workday has been significant for over two years, previously acting as resistance before becoming a support level [4][6] - The last five instances where Workday's stock price dropped to the $206 level resulted in a reversal and subsequent rally, suggesting a pattern of strong buying interest at this price point [7] Group 2 - Support levels are characterized by a large number of buy orders, which absorb sell orders and prevent further price declines [2] - Conversely, resistance levels are marked by a significant supply of shares for sale, which can halt market rallies [3] - The transformation of the $206 level from resistance to support indicates a shift in market sentiment and potential for upward price movement [6]
X @Market Spotter
Market Spotter· 2025-08-17 09:03
Technical Analysis - The indicator identifies precise support and resistance levels for price reversals [1] - The support zone on the HYPE 2H chart is holding strong, driving the price upward [1] - A break of the resistance level suggests potential for further price growth [1]
X @Market Spotter
Market Spotter· 2025-08-15 09:57
Our indicator has detected key support and resistance levels on #AXS 1H. Price is testing the support zone, where a bullish reversal may start, targeting the resistance area. Watch closely – a sharp move could be coming soon. 📈 https://t.co/WIBtjdgSIE ...