News

Nifty’s short-term trend shows continued weakness, with potential for a decline below 23,800, which could push the index toward the next support level around 23,500, corresponding with the 200-day EMA. Immediate resistance stands at 24,050, as noted by Nagaraj Shetti of HDFC Securities. A large negative candle formed on Tuesday’s daily chart, positioned close to […]

Here are some of the stocks seeing significant midday movement: Shopify — Shares jumped 26% after the e-commerce company reported a third-quarter operating income of $283 million, well above the $122 million it posted in the same period last year. Honeywell — The industrial conglomerate rose 3% following news that Elliott Management has taken a […]

Citi cautions that the recent post-election optimism among investors may put the market at risk of a short-term pullback. In a client note, Citi’s quantitative research team highlighted that stock market positioning is currently “extended,” raising the risk of a potential unwind for both the S&P 500 and Russell 2000. “S&P positioning is at its […]