Business
Nifty may be in accumulation phase, says Anand James; Ather, Nazara top bets
James sees a breakout above 24,500 opening the door to 24,900–25,100 and eventually 25,500, while a breach of 24,000 could drag the index towards 23,700. For the week ahead, he has picked Ather Energy and Nazara Technologies as his top buy ideas. Edited excerpts from a chat:
Nifty has fallen around 1% in August and retreated from its early-month high of 24,774. Does the chart indicate routine consolidation, accumulation or the beginning of a deeper correction?
After a clean breakdown below the 200-day SMA in late February, Nifty took multiple months to get back to and retest this key long-term moving average. The attempt in early August was unsuccessful, but after a nearly 3% pullback from the 200-day SMA, the downside stalled. We prefer to mark this as an accumulation phase unless a breakdown below 24,000 unfolds.
Nifty has repeatedly struggled to sustain recoveries despite receiving support near 24,000. What are the decisive breakout and breakdown levels that could determine its September trajectory?
Nifty remains stuck in a broad consolidation range, with buying interest emerging near 24,000 but lacking the strength to sustain a meaningful recovery. The daily chart shows the index holding above a rising trendline support around 24,000-24,050, while repeated failures near 24,450-24,500 highlight strong overhead resistance.
A decisive breakout above 24,500 would signal renewed bullish momentum and could pave the way for an advance towards 24,900-25,100, followed by 25,500. However, momentum indicators remain cautious, with the RSI hovering near the neutral zone and the MACD staying in negative territory. On the downside, 24,000 remains a critical support level. A sustained break below this zone and the rising trendline would indicate a weakening market structure, potentially triggering a decline towards 23,700, with further downside risk extending to 23,400-23,200.Therefore, 24,500 on the upside and 24,000 on the downside are the key levels that could determine Nifty’s directional bias and trajectory in September.
What do rollover data, open-interest shifts, implied volatility and the put-call ratio after monthly expiry indicate about positioning in the September series?
The weekly options data for the September series suggests a cautiously positive undertone, though traders remain wary of strong resistance levels ahead.
The key takeaway is the sharp build-up in put open interest at the 24,000, 24,050 and 24,100 strikes. The 24,100 Put holds the highest open interest, followed by the 24,000 Put, highlighting these levels as an important support zone. Notably, the rise in both put open interest and premiums points to fresh put accumulation and hedging activity, reflecting caution among participants rather than outright bullishness.
On the call side, the largest open interest is concentrated at the 24,200, 24,300 and 24,500 strikes. Fresh call additions across these strikes indicate that traders expect rallies to face resistance unless Nifty stages a decisive breakout.
Implied volatility has firmed up after expiry, suggesting expectations of higher market swings in the new series. The put-call open interest structure shows strong support around 24,000–24,100 and resistance in the 24,200–24,500 zone.
Overall, the September series begins with positioning suggesting a likely range between 24,000 and 24,300 in the near term. A decisive move above 24,300–24,500 could trigger short covering, paving the way for a rally towards 24,900–25,100. Conversely, a break below 24,000 would weaken the bullish setup and could invite fresh downside pressure towards 23,800–23,700 levels, where traders have added shorts in puts.
Welspun Corp and Ather Energy were among the biggest winners in August. What are the odds of the uptrend continuing?
Both are poised for further upside, but volume oscillators suggest that Ather has momentum in its favour at the moment, while Welspun needs a period of consolidation to mature before the next breakout unfolds.
Give us your top ideas of the week
ATHERNERG (LTP: 1,616)
View: Buy
Target: 1,700
SL: 1,560
Ather Energy continues to exhibit a strong bullish structure, maintaining a steady uptrend since March. The stock has recently witnessed a break of structure on the daily chart, indicating a resumption of upward momentum following a brief consolidation phase. Friday’s strong bullish Marubozu candle reflects aggressive buying interest and reinforces the positive price action.
Momentum indicators are also turning supportive. The MACD is on the verge of a bullish signal crossover, which could further strengthen the ongoing upmove. Meanwhile, the RSI remains elevated around 70, highlighting strong momentum and sustained demand. Despite the sharp rise, the stock has managed to maintain its higher-high and higher-low formation, suggesting that the prevailing trend remains intact.
As long as ATHERNERG sustains above 1,560, the bullish setup is likely to remain valid. The recent breakout and improving momentum indicators support the possibility of an advance towards 1,700 in the near term.
NAZARA (LTP: 374)
View: Buy
Target: 405
SL: 364
Nazara Technologies continues to maintain a positive trend after being in a sustained uptrend since March. The stock witnessed a fresh break of structure on Friday after being in a narrow range for most of this month, indicating a continuation of the prevailing bullish momentum and signalling the potential for further upside. The move is backed by a notable multi-week volume breakout, highlighting strong market participation and adding credibility to the breakout.
Momentum indicators are also turning supportive. The daily MACD has delivered a bullish signal crossover, suggesting strengthening momentum after a period of consolidation. Additionally, the RSI has moved above its moving average, reflecting improving buying strength and a positive shift in sentiment. The stock is currently trading above key support levels and sustaining its higher-high, higher-low structure.
As long as NAZARA holds above 364, the bullish setup remains intact. The combination of a structural breakout, improving momentum indicators and strong volume participation favours a move towards 405 in the near term.
Business
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Perpetua Stock: Strong Governmental Market Support Indicate Future Upside (NASDAQ:PPTA)
Hello, my name is Daniel Bell, and I have been investing my personal accounts since college. I remember my first big “play”; it was with only $2,000, but this was right after the COVID lockdown hit and the market tanked. I used the Robinhood account I had to search out companies according to three parameters that I thought made sense: 1. Had the largest dips after lockdown, 2. Were growing beforehand, and 3. Had high caps. This way, I was able to find several well-run companies that had been very highly affected by the lockdown, but were unlikely to go completely bust before recovering. I was able to make about $1,000, or 50%, in just about 6 months. This is what really got me into value investing. Ever since, I have been an active investor. I have lived in Texas for nearly five years now, and in my personal financial life, I have begun looking into opportunities in medium-scale investing in Central African countries, chiefly Rwanda, but also Burundi, Kenya, the DRC, etc. Aside from this, I am excited to contribute to the Seeking Alpha community!
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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.
Business
Jury in Lindsay Clancy Murder Trial Ends the Week Without a Verdict After Asking to See Key Evidence
Mass. — Jurors in the murder trial of Lindsay Clancy, the Massachusetts mother accused of killing her three young children in 2023, ended their second day of deliberations Friday without reaching a verdict and will return Monday morning to continue weighing the case.
The 12-person jury, made up of nine women and three men, has now deliberated for roughly 10 hours over two days, spending about three and a half hours Thursday and roughly six and a half to seven hours Friday, according to the Boston Globe and CNN. Judge William F. Sullivan told jurors, “It’s been a long day for everybody,” before sending them home for the weekend, with deliberations set to resume Monday at 9 a.m.
Clancy, 36, a former labor and delivery nurse, has pleaded not guilty to three counts of murder in the deaths of her children, Cora, 5; Dawson, 3; and Callan, 8 months. Sullivan has instructed the jury that it may return verdicts of first-degree murder, second-degree murder or manslaughter on each of three separate verdict slips, one for each child. Both the prosecution and the defense agree Clancy strangled her children with exercise resistance bands and then attempted suicide at the family’s home in Duxbury on Jan. 24, 2023. The central question for jurors is not what happened, but whether Clancy was “criminally responsible” for her actions, a legal standard requiring that she understood the wrongfulness of what she was doing and was able to control her behavior in accordance with the law.
Prosecutors called more than 70 witnesses over five weeks of testimony, arguing Clancy “acted intentionally, rationally and swiftly” when she killed her children and that she retained the ability to distinguish right from wrong. In her closing argument, Assistant District Attorney Jennifer Sprague told jurors, “I’m not saying she was happy about it. I’m saying, it was what she had to do to end her misery. But it was a choice. It was a choice.” Prosecutors pointed to evidence that Clancy sent her husband out to run errands before the killings and that she asked for an attorney upon waking in the hospital, arguing those actions reflected calculated, rational behavior rather than a break from reality.
Clancy’s defense, which called 10 witnesses, argued she suffered from postpartum psychosis and was not criminally responsible for her actions. Defense attorney Kevin Reddington told jurors in closing arguments that Clancy’s collapse came “because of the damn medicine and the lousy medical care that she got,” pointing to the more than a dozen psychiatric medications she had been prescribed in the months before the killings to treat depression, anxiety, insomnia and suicidal thoughts. Clancy did not testify during the trial. She remains partially paralyzed as a result of her suicide attempt and has been held at a state hospital in Tewksbury since 2023.
Testimony from Clancy’s former husband, Patrick Clancy, traced her mental health decline back to September 2022, as she prepared to return to work following parental leave. “She just had a really hard time being separated from them,” he testified, according to CNN. Her condition worsened in the following months, particularly after she began taking the antidepressant Zoloft in October 2022, and she checked herself into a hospital twice, once in December and again over the New Year’s holiday. Clancy wrote in a note on her phone at the time, “Medication stole my motherhood and my life,” Patrick Clancy testified. Doctors who treated her before the killings said she did not display a suicide plan, thoughts of harming others or signs of psychosis, and her psychiatrist testified that Clancy told her the day before the killings that she was “doing all right.”
Competing psychiatric experts offered sharply different assessments of Clancy’s mental state at the time of the killings. Dr. Phillip Resnick, a forensic psychiatrist who testified for the defense, said Clancy was “frankly psychotic” during the killings and described an auditory hallucination she reported experiencing. “Not only did she hear a command, but she felt that her body was taken over by an external force where she was in a dream state and did not have control of her own body,” Resnick testified. “It was almost like she was a puppet and someone else was pulling the strings.” Dr. Kirk Heilbrun, a psychologist who testified for the prosecution, disagreed, saying Clancy understood right from wrong and was in control of her actions, while expressing skepticism that she had ever reported hearing a voice before or after the killings. Both experts agreed, however, that Clancy’s actions were rooted in a distorted sense of love and protection toward her children rather than malice.
During deliberations Friday, jurors asked to review physical evidence including Clancy’s prescription pill bottles and the knife she used during her suicide attempt, according to Reddington. Sullivan did not publicly disclose the jury’s specific question, discussing it instead with attorneys during a private sidebar conference.
The trial has drawn national attention to questions surrounding maternal mental health, and supporters wearing pink gathered outside the courthouse in Plymouth last week in a show of solidarity with Clancy. If the jury cannot reach a unanimous verdict, Sullivan could declare a mistrial. If convicted of murder, Clancy faces a sentence of life in prison. If jurors find her not guilty by reason of lack of criminal responsibility, prosecutors have said they may petition the court to have her committed to a psychiatric facility rather than released.
This case involves serious mental health and suicide-related content covered here for its factual, legal significance; readers who may be personally affected by similar issues are encouraged to seek support, including from a mental health professional or a crisis helpline.
Business
CEF Weekly Review: Allspring CEF Distributions Inline With MDPs
ADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of FSCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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.
Business
Reduction of US-China Rivalry Essential for South-east Asia, Says ASEAN Leader
ASEAN Secretary-General Kao Kim Hourn stressed at the Shangri-La Dialogue that US-China tension-easing efforts are vital for South-east Asia. He urged the “constructive strategic stability” framework to translate into regional peace, while emphasizing ASEAN’s commitment to avoiding coercion and choosing sides.
Key Points
• ASEAN Secretary-General Kao Kim Hourn emphasized at the Shangri-La Dialogue that US-China efforts toward “constructive strategic stability” are vital for South-east Asia, as both superpowers are the region’s most consequential security and economic partners, following tensions sparked by sweeping tariffs and trade disputes since early 2025.
• Panellists highlighted pressure on smaller nations, with Lithuania and New Zealand drawing parallels between geopolitical coercion in Europe and Asia, stressing the importance of upholding international rules and collective regional cooperation.
• Dr Kao addressed rising defence spending concerns and Myanmar’s crisis, supporting recalibrated ASEAN engagement including virtual talks with Myanmar’s foreign minister, while maintaining the Five-Point Consensus peace plan remains active.
US-China Relations and ASEAN’s Strategic Priorities
The easing of tensions between the United States and China represents a critical development for South-east Asia, according to ASEAN Secretary-General Kao Kim Hourn, speaking at the Shangri-La Dialogue on May 30. Dr Kao emphasized that both superpowers are ASEAN’s most consequential security and economic partners, making their relationship of direct regional importance. The newly introduced framework of “constructive strategic stability” — built on the idea that competition and cooperation can coexist — emerged following meetings between President Trump and President Xi in May, offering cautious optimism for regional peace and development.
Trade War Tensions and the Path Toward Normalization
Sino-American relations deteriorated sharply after Trump’s return to office, with sweeping tariffs reaching 145 per cent, triggering Chinese retaliatory measures including export controls and restrictions on rare earths and critical minerals. A partial breakthrough in October 2025 saw tariff reductions and resumed trade flows, though full normalization only followed the May Trump-Xi summit. Dr Kao stressed that ASEAN nations must be able to pursue security and prosperity without coercion or being forced to choose sides, underscoring the bloc’s firm commitment to strategic independence amid intensifying great-power rivalry.
Geopolitical Pressure, Defense Spending, and the Myanmar Crisis
Smaller nations facing geopolitical pressure was a recurring theme at the plenary session, with Lithuania’s Defense Minister drawing parallels between European and Asian coercion tactics, and New Zealand’s Defense Minister advocating collective regional strength. On rising defense expenditure, Dr Kao cautioned that diverting resources toward military spending is “not very healthy,” reaffirming ASEAN’s preference for preventive diplomacy. Regarding Myanmar, Dr Kao signaled a recalibration of engagement, with ASEAN foreign ministers agreeing to a virtual meeting with Myanmar’s counterpart — a notable shift — while reaffirming the Five-Point Consensus peace plan remains the guiding framework.
Source : Easing of US-China tensions crucial for South-east Asia: ASEAN chief
Business
FINAL HOURS: THIS IS YOUR LAST CHANCE to secure up to 55% off InvestingPro

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Microsoft Corp.: A High-Quality AI Name That Is No Longer Misunderstood (NASDAQ:MSFT)
An independent investor in the Indian and US equity markets with a CFA Charter and a PhD in Finance from University of Durham, U.K. I hold an Honorary Associate Professor in Finance and Corporate Governance title at Brunel University London. I have a YouTube and a Podcast channel, titled The Stock Doctor,’ where I discuss my views on the US and Indian markets every week. In addition, I actively undertake quantitative research in the areas of US equities, Behavioural Finance, Corporate Governance, Activist Hedge Funds, Cryptocurrencies and M&A , and have published in top-ranked peer-reviewed journals.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT, GOOGL, AMZN, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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.
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