Connect with us

Business

Trade setup for Jan 4: Can Nifty50 hold 17,600? Check out key market cues before Tuesday’s session

Published

2 years ago

on

Trade setup for Jan 4: Can Nifty50 hold 17,600? Check out key market cues before Tuesday’s session

The benchmark index of the Indian stock market became a sensation at the beginning of 2022, and the Nifty50 index returned to the 17,600 mark, thanks to the broad rise led by financial, IT and oil and gas stocks. Nifty Bank surged 2.7%, the largest increase since May 21, 2021.
What does the chart now suggest for Dalal Street?
Nagaraj Shetti, a technical research analyst at HDFC Securities, said that Nifty50 has formed a long long candle on the daily chart, indicating a strong return of the bulls.
He believes that further increases can be expected in the short term.
“The negative sequence of the lower tops and bottoms on the daily chart is now on the edge, which may mean that the bearish setting may be negated…any decline from here may expand the bullish setting, such as higher Highs and lows,” Shetty added. Maybe there is more room for upside?
Sameet Chavan, chief technology and derivatives analyst at Angel One, said that any rise that makes a significant contribution to the financial basket is healthy and gives the market confidence to continue rising from the current critical moment. He believes that the level of 17,750-17,900 is now the key to Nifty’s attention.
“Since we continue to move upward from 16,800 points, we may see some profit records; but as long as we are convincingly higher than 17,150 points, traders don’t have to worry. Before that, direct support was at 17,500-17,400 points. “Chavan said. He suggested that traders now focus on individual topics in the market.
Here are the key information about the market you need to know before the January 4th meeting:
SGX
At 7:46 am on Tuesday morning, Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty index, fell 5 points to 17,692.5, indicating that Dalal Street opened flat.
Global Market
Despite Wall Street’s record highs, Asian stock markets are flat
Stock markets in other Asian markets were stable on Tuesday, and Morgan Stanley Capital International’s (MSCI) Asia Pacific’s broadest index outside of Japan was flat in the last statistics. Japan’s Nikkei 225 Index rose 1.4%, Singapore’s Straits Times Index rose 0.7%, but South Korea’s KOSPI Index fell 0.5%, and China’s Shanghai Composite Index fell 0.6%. Hong Kong’s Hang Seng Index was flat.
S&P 500 index futures were flat in Asia. On Monday, the three major Wall Street indexes hit a new closing high. The Standard & Poor’s 500 Index and the Dow Jones Index rose 0.6-0.7%, while the Nasdaq Composite Index, which is dominated by technology stocks, rose 1.2%.

Complete News Source : CNBC TV18

Related Topics:
Continue Reading

Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

Published

9 months ago

on

August 9, 2023

By

10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement
Continue Reading
Anyskill-ads

Facebook

[the_ad id="55117"]

Trending