Connect with us

Business

Is Nifty set for a breakout? Analysts see signs of a shift ahead

Published

on

Is Nifty set for a breakout? Analysts see signs of a shift ahead
Nifty hovered in a broad 23,800–24,700 band last week before closing at 24,175.65. Analysts say the index must clear the 24,200–24,400 zone to regain strength. Strategies vary: some recommend bullish option spreads to capture rebounds, while a cautious camp warns of further downside if 23,900 breaks.

CHANDAN TAPARIA, HEAD – DERIVATIVES & TECHNICALS, MOTILAL OSWAL FINANCIAL SERVICES

Trading Strategy:

The recommended Nifty Options strategy for the weekly September 1 expiry is a Bull Call Spread, suitable for support-based buying. Traders are advised to buy one lot of the 24,200 strike Call Option and simultaneously sell one lot of the 24,400 strike Call Option. The maximum risk in this strategy is 75 points (Rs 4,875).

TOP BETS FOR THE WEEK

HEG:

Buy | CMP: Rs 737 | Target: Rs 780 | Stop loss: Rs 710

The stock has retested its earlier breakout zone near Rs 700 and bounced strong ly, confirming that the breakout zone is acting as support. It has maintained its broader uptrend, with dips being bought into. A pole-and-flag break out above Rs 750 could trigger the next leg of the upmove.

Advertisement

Laurus Labs:

Buy | CMP: Rs 1,938 | Target: Rs 2,050 | Stop loss: Rs 1,880


The stock is in a strong uptrend, trading at all-time highs and outperforming the broader market. It has formed higher highs, reflecting buyer strength, and has respected its 20 DEMA, bouncing from that level.

​Is Nifty set for a breakout? Analysts see signs of a shift ahead<br>ET Bureau

NILESH JAIN, HEAD – EQUITY TECHNICAL AND DERIVATIVE RESEARCH, CENTRUM FINVERSE

Trading Strategy:

The Nifty has a crucial support at 24,000. As long as the index sustains above this level, a rebound towards 24,300 remains possible. With expectations of a near-term pullback, a Bull Call Spread is recommended for the upcoming weekly expiry: Buy 1 lot of 24,200 Call @ Rs 97 Sell 1 lot of 24,300 Call @ Rs 51 This results in a net debit of 46 points, with maximum loss capped at Rs 2,990. The strategy offers a maximum profit potential of 54 points per lot (Rs 3,510), with breakeven at 24,246.

TOP BETS FOR THE WEEK

Glenmark Pharmaceuticals:

Buy | CMP: Rs 2,515 | Target: Rs 2,701 | Stop loss: Rs 2,420

The stock has witnessed a fresh breakout backed by strong volumes, confirming buying interest.

Advertisement

Shipping Corporation of India:

Buy | CMP: Rs 299 | Target: Rs 320 | Stop loss: Rs 288

The stock has formed a strong base and moved higher, clearing the 21 DMA and 50-DMA hurdles near Rs 294. It continues to trade above short- and long-term averages.

RUPAK DE, SENIOR TECHNICAL ANALYST, LKP SECURITIES

Trading Strategy:

As long as the index remains below 24,200, sentiment is likely to stay weak, with a possible decline towards 23,900 in the near term. A fall below 23,900 could trig ger further correction. Conversely, a decisive move above 24,200 may improve sentiment and strengthen the near-term trend. Selling Nifty September Futures below 24,315 for a target of 24,200, while maintaining a stop-loss at 24,376, is recommended.

TOP BETS FOR THE WEEK

Newgen Software Technologies:

Buy | CMP: Rs 567.1 | Target: Rs 590 | Stop loss: Rs 549

Advertisement

The stock has given a falling trendline breakout and is sustaining above the 50 EMA. The chart setup looks positive.

Elgi Equipments:

Buy | CMP: Rs 628.85 | Target: Rs 685 | Stop loss: Rs 610

The stock has moved higher after finding support above the 50 EMA. RSI has re-entered a bullish crossover, indicating improving momentum.

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Australians Put on High Alert Over Eerie Hidden Detail Discovered in Emergency Weather Graph

Published

on

Weather Forecast

SYDNEY, AustraliaAustralia emergency alert testrollout preparations have taken an unexpected turn across social media platforms after sharp-eyed citizens spotted an unsettling visual detail embedded within emergency weather graphic displays. The discovery has prompted intense online discussion just as federal and state authorities prepare for a major nationwide trial of the country’s upgraded public warning infrastructure.

As emergency management agencies finalize preparations to broadcast loud test signals to millions of compatible mobile devices nationwide, public scrutiny surrounding official communications has reached a high point. The upcoming trial of the AusAlert warning system aims to replace older text-based notifications with high-priority audio and visual warnings designed to immediately penetrate everyday phone activity during life-threatening crises.

However, community attention shifted rapidly from routine disaster preparedness when users began analyzing standardized weather chart templates and emergency graphics distributed in background promotional material. Online observers pointed out subtle anomalies in data lines and background overlay iconography that appeared to mimic catastrophic threat conditions, triggering widespread speculation across digital message boards and local online groups.

The sudden viral focus highlights how sensitive the Australian public has become to official disaster messaging following consecutive years of extreme climate events, severe seasonal flooding, and devastating bushfire seasons.

Advertisement

Unusual Visual Details Trigger Online Speculation

The online frenzy began when digital weather graphs, displayed alongside mock-ups of the emergency broadcast user interface, circulated across mobile networks. Tech-savvy users zooming in on high-resolution versions of the official graphics noticed unusual graphical artifacts and strangely rendered baseline curves that appeared to show dramatic spike patterns far outside typical meteorological modeling.

While meteorologists and design professionals quickly pointed out that the graphics were constructed using synthetic placeholder data for testing purposes, the eerie aesthetic of the high-contrast chart sparked immediate concern. Some social media users speculated that the unusual graph layouts hinted at new, undisclosed threat classification tiers being tested by authorities, while others viewed the strange visual formatting as an oversight in graphic design that created unnecessary public anxiety.

“When people see official government graphics featuring high-intensity warnings alongside strange, spiking data curves, their immediate reaction is concern,” noted a digital communications expert reviewing the online reaction. “Australians have learned through hard experience to pay close attention to official weather alerts, so any visual detail that looks out of place naturally gets analyzed under a microscope.”

Advertisement

Emergency management representatives clarified that sample images and graphical backdrops used in public education campaigns are regularly built using stylized or exaggerated data sets. These visual elements are intentionally designed to demonstrate how extreme severe weather graph spikes will display on various modern smartphone screen sizes during actual crisis events.

The Evolution of Australia’s Modern Warning Infrastructure

The intense public interest comes as emergency services prepare to execute a critical nationwide test designed to overhaul Australia’s disaster notification capabilities. The new broadcast protocol represents a direct response to key recommendations generated by royal commissions into major natural disasters, which identified critical delays in traditional short message service alerts during fast-moving bushfires and sudden flash flood events.

Unlike conventional text messages, which can suffer from severe network congestion or delayed delivery queues when thousands of people attempt to access cellular towers simultaneously, the upgraded system utilizes dedicated cell broadcast technology. This allows emergency services to broadcast an instant, high-decibel audio siren and high-priority visual pop-up to every compatible phone connected to specific cell towers in an affected geographic zone.

Advertisement

Key functional features of the national emergency broadcast upgrade include:

  • Instantaneous Area Targeting: Broadcasts deliver critical safety directions within seconds to all mobile devices operating within a defined hazard zone, bypassing traditional cellular queue delays.
  • Override Sound Profiles: Emergency signals are engineered to sound a distinctive, high-pitch alert tone even if a user’s mobile device is switched to silent or do-not-disturb mode.
  • Integrated Screen Displays: Warning messages overlay clear text instructions directly across the screen alongside high-visibility threat level indicators and official agency logos.

Officials emphasize that the transition to modern broadcast technology is vital for ensuring that community members receive clear, actionable directions the moment a crisis develops, allowing families crucial extra minutes to execute evacuation plans.

Digital Safety and Public Preparedness Ahead of the Test

As the scheduled national system test approaches, emergency response agencies are actively reassuring the community that the upcoming phone notifications are strictly part of a routine operational trial. Authorities are advising citizens that no action will be required when the distinctive test alarm sounds on their devices.

At the same time, cyber security experts and telecommunications regulators are reminding the public to stay vigilant against separate digital threats, such as mobile porting scams and fraudulent messages that often coincide with high-profile public events. Scammers frequently attempt to take advantage of public confusion surrounding new technology rollouts by sending deceptive text messages containing malicious links.

Advertisement

Official agencies stress that genuine emergency broadcasts delivered via the emergency broadcast system will never request personal financial details, passwords, or verification codes from citizens.

“The ultimate goal of testing our emergency infrastructure is to build community trust and operational resilience,” an emergency services spokesperson stated in a public update. “Whether it is verifying that sound frequencies cut through background noise or ensuring that on-screen graphics render accurately, every detail matters when it comes to keeping Australian communities safe during natural disasters.”

With the nation heading into another challenging weather season, disaster management authorities hope that the viral attention surrounding the warning test will ultimately serve a positive purpose by encouraging households to review their emergency survival plans and stay informed through official emergency channels.

Advertisement
Continue Reading

Business

Alameddine Crime Family Relative Critical After Targeted Home Shooting in Western Sydney

Published

on

Australia Crime Scene

SYDNEY, Australia — Alameddine crime family relative is fighting for his life in a Sydney hospital after being shot during a targeted home invasion in Western Sydney, raising serious fears among law enforcement that organized crime conflicts could escalate across the metropolitan area.

Emergency services were called to a residential address in Guildford at approximately 7:40 p.m. on Saturday following urgent reports that a man had suffered serious gunshot injuries. Police officers and New South Wales Ambulance paramedics arrived at the scene to find a 28-year-old victim suffering from multiple gunshot wounds to his back.

Paramedics treated the injured man at the scene before transferring him under emergency police escort to the hospital, where he underwent urgent surgery. Hospital officials confirmed that the victim remains in critical condition within the intensive care unit as medical staff continue to monitor his condition closely.

Senior law enforcement sources confirmed that the victim is a relative of the Alameddine criminal network, a prominent syndicate operating extensively across Western Sydney. Detectives from the State Crime Command’s Raptor Squad, which specializes in dismantling organized crime networks and outlaw motorcycle gangs, have taken charge of the ongoing investigation.

Advertisement

Brazen Home Invasion Sparks Major Manhunt

Preliminary police investigations suggest that the shooting was a carefully planned, targeted strike carried out by multiple assailants. According to police statements, several masked men forcibly entered the residential property on Saturday evening, confronted the 28-year-old occupant, and discharged firearms at close range before quickly fleeing the premises.

Witnesses reported seeing a white sport utility vehicle accelerating rapidly away from the scene immediately after the gunshots echoed through the residential street. Police patrols immediately established a wide perimeter across surrounding suburbs in Sydney’s west, stopping vehicles and reviewing local traffic camera feeds in an attempt to trace the getaway car.

Specialist forensic investigators spent Sunday morning meticulously examining the crime scene, collecting shell casings, searching for fingerprint evidence, and securing high-definition CCTV footage from nearby houses. Crime scene tape cordoned off the property while ballistic experts analyzed entry points and bullet trajectories.

Advertisement

“This was a targeted, cowardly attack inside a residential home,” a senior police officer familiar with the case noted during an initial briefing. “Our detectives are working around the clock to identify the individuals responsible and to prevent any potential retaliatory action.”

Investigators are appealing to anyone who may have noticed suspicious vehicles or individuals lingering near the property prior to the shooting to come forward immediately. Police are also requesting dashcam footage from motorists who drove through Guildford, Yennora, or Merrylands between 7:00 p.m. and 8:30 p.m. on Saturday evening.

Escalating Gangland Tensions Across Western Sydney

The violent incident marks the latest chapter in ongoing hostilities involving organized crime groups in Sydney’s outer suburbs. Over recent years, the Alameddine syndicate has been locked in intense, tit-for-tat conflicts with rival underworld factions, resulting in public shootings, arson attacks, and targeted intimidation campaigns.

Advertisement

Pressure from law enforcement has previously forced key leaders of the syndicate overseas. Senior figures, including Rafat Alameddine, departed Australia in 2023 to avoid local law enforcement and are believed by intelligence authorities to be directing operations from abroad while residing in Lebanon.

Despite the departure of top-tier leaders, local operational branches of the network have continued to clash with rival groups over illicit distribution territories. Saturday’s shooting occurred on the exact same street where a firebombing took place earlier this year as part of a dispute involving a group identifying itself as the “Coconut Cartel”.

During that January 21 arson attack, offenders targeted the wrong residence, setting fire to a car belonging to an uninvolved neighbor and leaving behind a handwritten sign carrying messages linked to the rival gang. Police are currently examining whether Saturday’s home invasion is directly connected to that earlier dispute or represents a new line of conflict.

Community leaders in Western Sydney have voiced growing concern over the spillover of gang violence into quiet residential neighborhoods, warning that innocent bystanders face immense risk when rival syndicates trade fire in suburbs occupied by young families.

Advertisement

Law Enforcement Response and Community Safety

In response to the weekend violence, NSW Police have significantly bolstered high-visibility patrols across Guildford, Merrylands, and surrounding areas. Officers from Strike Force Raptor and regional proactive police units are conducting targeted compliance checks on known associates of local crime networks to suppress potential retaliation attempts.

Underworld experts emphasize that when a high-profile target or relative is attacked, the risk of rapid, uncoordinated retaliation rises significantly. As a result, police tactical units are maintaining heightened readiness across multiple Western Sydney police area commands.

State crime commanders reiterated that public assistance remains crucial to disrupting organized syndicates. NSW Police urge anyone with information regarding the shooting, the white SUV, or illicit gang activities in the region to contact Crime Stoppers anonymously.

Advertisement

As the 28-year-old victim remains in critical condition under police guard at the hospital, detectives continue to pursue multiple leads to determine the identity of the gunmen and track down the vehicle used in the attack. Authorities maintain that curbing the cycle of gang violence remains an absolute priority for law enforcement across New South Wales.

Continue Reading

Business

China airline stocks fall as weak Air China results, oil surge weigh

Published

on


China airline stocks fall as weak Air China results, oil surge weigh

Continue Reading

Business

John Hancock Bond Fund Q2 2026 Commentary

Published

on

Treasury Yields Are Testing The AI Equity Rally (SPX)

A company of Manulife Investment Management, John Hancock Investment Management serves investors through a unique multimanager approach, complementing our extensive in-house capabilities with an unrivaled network of specialized asset managers, backed by some of the most rigorous investment oversight in the industry. The result is a diverse lineup of time-tested investments from a premier asset manager with a heritage of financial stewardship. Note: This account is not managed or monitored by John Hancock Investment Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use John Hancock Investment Management’s official channels.

Continue Reading

Business

imetal appoints paul larkin as director, robert scott as cfo

Published

on


imetal appoints paul larkin as director, robert scott as cfo

Continue Reading

Business

Asian currencies mixed as yen hovers near 160; oil surge raises risk-off pressures

Published

on


Asian currencies mixed as yen hovers near 160; oil surge raises risk-off pressures

Continue Reading

Business

Hanwha Aerospace stock signs K9 Howitzer export deal with Spain

Published

on


Hanwha Aerospace stock signs K9 Howitzer export deal with Spain

Continue Reading

Business

Politics And The Markets 08/31/26

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This is the forum for daily political discussion on Seeking Alpha. A new version is published every market day.

Please don’t leave political comments on other articles or posts on the site.

The comments below are not regulated with the same rigor as the rest of the site, and this is an ‘enter at your own risk’ area as discussion can get very heated. If you can’t stand the heat… you know what they say…

More on Today’s Markets:

Advertisement

Moderation Guidelines:

We remove comments under the following categories:

  • Personal attacks on another user account
  • Anti-Vaxxer or covid related misinformation
  • Stereotyping, prejudiced or racist language about individuals or the topic under discussion.
  • Inciting violence messages, encouraging hate groups and political violence.

Regardless of which side of the political divide you find yourself, please be courteous and don’t direct abuse at other users.

For any issue with regards to comments please email us at : moderation@seekingalpha.com.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

The Boeing Deal Just Changed Everything For Archer Aviation

Published

on

The Boeing Deal Just Changed Everything For Archer Aviation

The Boeing Deal Just Changed Everything For Archer Aviation

Continue Reading

Business

Block, bulk deals hit 14-month high in August at Rs 80,000 crore

Published

on

Block, bulk deals hit 14-month high in August at Rs 80,000 crore
Mumbai: August witnessed a deluge of large secondary market deals, with the tally rising to the highest in 14 months, as promoters and private equity investors sold stakes amid elevated valuations following the sharp rebound in mid- and small-cap shares.

Block and bulk trades worth at least ₹80,000 crore were executed during the month – the highest since June 2025. Domestic mutual funds, insurance companies, pension funds, and a clutch of foreign institutions lapped up the increased supply of shares in the market.

In July, these transactions were worth around ₹48,500 crore.

Among the large trades in August, Centella Mauritius Holdings sold a 6.67% stake in Aster DM Quality Care for ₹4,451 crore, while Paytm founder and CEO Vijay Shekhar Sharma-controlled Resilient Asset Management offloaded a 3% stake in One 97 Communications for ₹2,949 crore.

Advertisement

Block & Bulk Trades Make a Splash in AugAgencies

Capital Ammunition
SoftBank Vision Fund II Lightbulb (Cayman) sold nearly 2.6% in Lenskart Solutions for ₹2,888 crore, while American Funds Insurance Series Global Growth and Income Fund sold a 1.04% stake in Avenue Supermarts for ₹2,537 crore.
General Atlantic Singapore RR Pte offloaded shares worth ₹2,300 crore in Rubicon Research, while Ribbit Capital V and Ribbit Cayman GW Holdings V sold shares worth a combined ₹2,217 crore in Billionbrains Garage Ventures. SAIF III Mauritius Company, SAIF Partners India IV and Elevation Capital V sold Paytm shares worth ₹2,038 crore, while Elevation Capital V and Peak XV Partners Investments V sold shares worth ₹1,949 crore in Meesho.
Other large transactions included stake sales worth ₹1,433 crore in Welspun Corp and ₹1,259 crore in Viyash Scientific. Lightspeed Opportunity Fund II also exited its entire 1.61% stake in Physicswallah for about ₹550 crore.

“Strong SIP flows into small-cap and mid-cap equity mutual funds are giving fund houses sizeable pools of capital to deploy through block deals, creating attractive exit opportunities for promoters and PE investors while allowing funds to selectively accumulate stocks they favour,” said Abhilash Pagaria, head of Nuvama Alternative & Quant Research.

Late Surge

The surge in these deals gathered pace in the second half of August. Between May and August, block and bulk deals worth ₹2.51 lakh crore were recorded, more than double the ₹1.25 lakh crore between January and April.

Advertisement

So far in 2026, 9,754 deals worth ₹3.77 lakh crore have been recorded, compared with 14,926 deals worth ₹5.85 lakh crore in the whole of 2025. Block and bulk deal activity typically picks up when valuations are elevated, and liquidity is strong, allowing promoters, private equity investors and other large shareholders to cash out without significantly disrupting stock prices.

Continue Reading

Trending

Copyright © 2025