December 28, 2023 06:28 AM ISTSona BLW Precision Forgings has seen a breakout of falling resistance trendline adjoining multiple touchpoints and formed strong bullish candlestick pattern on the daily scale.
December 28, 2023 07:04 AM IST The Nifty 50 index potentially aims for a range between 21,750-21,800 on the upside, with support resting at 21,500.
December 27, 2023 05:15 PM IST The monthly options data indicated that 21,700-21,800 may be an initial resistance for the Nifty 50, followed by the psychological mark at 22,000 with support at the 21,500 mark
December 27, 2023 06:27 AM IST Mazagon Dock Shipbuilders has seen a breakout of falling resistance trendline as well as horizontal resistance trendline, and traded above all key moving averages, which is a positive sign.
December 27, 2023 06:20 AM IST Currently, the market landscape is defined by the 20,900–21,600 range.
December 26, 2023 05:09 PM IST The options data suggested that the Nifty may face immediate resistance at 21,500-21,600 levels, with support at 21,300-21,000 levels
December 26, 2023 08:54 AM IST The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
December 26, 2023 07:06 AM IST One should keep an eye on midcaps from the Cement, Engineering / Capital Goods, Infra, Railways, Defence, Renewable and IT space, says Sudeep Shah.
December 26, 2023 06:05 AM IST Cummins India continued uptrend for second consecutive session. The stock has formed healthy bullish candlestick pattern on the daily scale with above average volumes and traded above all key moving averages.
December 26, 2023 05:54 AM IST Despite a positive undertone, the market appears to be in a corridor of uncertainty, and trading within the mentioned broad range is expected in the truncated week ahead of the next calendar year.
December 27, 2023 02:51 PM IST One should keep a note of FII’s long short ratio in index futures is around 66 percent (till Thursday). Once this ratio crosses the 70 percent mark, markets might start preparing for a temporary short-term top formation.
December 23, 2023 07:47 AM IST An quick explainer on why one should perfect Collar strategy against the wild swings.
December 22, 2023 07:12 PM IST The Options data indicated that 21,500 is expected to be near term resistance for the Nifty 50, with support at 21,200-21,000 levels
December 22, 2023 07:34 AM IST Hindustan Copper has formed Bullish Engulfing kind of candlestick pattern on the daily charts, indicating the possibility of positive mood in the counter going ahead.
December 22, 2023 06:17 AM IST In light of the overall chart structure, Vidnyan Sawant maintains a bullish stance on Nifty 50 with specific targets set at 21,593 and 21,800 for the short to medium term.
December 21, 2023 04:42 PM IST Expect consolidation in the index now, however, there will be no shortage of trading opportunities on the stock-specific front, says Ajit Mishra, SVP - Technical Research, Religare Broking
December 21, 2023 06:53 AM IST Looking ahead, there might be a consolidation phase for the Nifty in the near term.
December 21, 2023 06:42 AM IST Voltas has seen a decisive breakout of downward sloping resistance trendline and formed long bullish candlestick pattern on the weekly charts with robust volumes. The stock jumped 8 percent during the week to Rs 928.
December 20, 2023 05:36 PM IST The options data indicates that 21,000 may act as the near-term support for the Nifty 50, with resistance at 21,200-21,300, say experts
December 20, 2023 06:17 AM IST HDFC AMC formed long bullish candlestick pattern on the daily scale with above average volumes. The stock traded above all key moving averages and recorded gains in eight out of nine consecutive months.
December 20, 2023 05:59 AM IST On the downside, 21,300 on Nifty is acting as an immediate support level, while 21,000 will be a crucial support level at any pullback.
December 19, 2023 05:10 PM IST The options data also indicated that 21,500 is the crucial resistance mark, which will open the doors for 22,000 if gets hold in coming days, with immediate support at 21,400-21,300 levels
December 19, 2023 06:59 AM IST Steel Authority of India has extended uptrend for fourth consecutive session with strong volumes. The stock formed long bullish candlestick pattern on the daily scale, while trading above all key moving averages.
December 19, 2023 06:11 AM IST Oscillators have reached the overbought zone on the daily and weekly charts for the Nifty. However, unless important support breaks on the price charts, a trend reversal would not be confirmed
December 18, 2023 10:18 AM IST In the near term, given the RSI at overbought zone levels and PCR (Put-Call ratio) reached 1.5 mark, the consolidation or some pull back can't be ruled out, experts said.
