-
January 11, 2023 06:31 AM IST Tata Motors was the biggest outperformer among Nifty50 stocks, climbing 6 percent to Rs 412.90, the highest closing level since December 19, 2022 and formed long bullish candle on the daily charts with significantly higher volumes and making higher high higher low formation for second straight session.
-
January 11, 2023 06:23 AM IST The overall structure of Schneider Electric Infrastructure is very impressive, as it is trading above all its important moving averages.
- January 10, 2023 04:46 PM IST
If the said support area gets broken, then the index can extend losses up to 17,700-17,600 levels. The 18,000-18,100 zone is expected to be a critical hurdle for the market, experts say.
- January 10, 2023 08:31 AM IST
Mahindra and Mahindra was the biggest gainer among Nifty50 stocks, climbing 3.6 percent to Rs 1,310 and formed healthy bullish candlestick pattern on the daily charts with above average volumes, with making higher high higher low formation for second straight session.
- January 10, 2023 08:27 AM IST
Minda Corporation has broken out from the downward sloping trendline on the weekly chart. It has been taking support at 200-day EMA. Intermediate trend of stock remains positive as it is trading above its 50, 100 and 200-day exponential moving averages.
- January 09, 2023 05:24 PM IST
The uptrend, however, will be vulnerable if the index slips below 18,000. The Nifty can then slide to 17,950-17,900, Shrikant Chouhan of Kotak Securities has said
- January 09, 2023 02:18 PM IST
Possibility of a decline towards 41,000-40,330 zone on Bank Nifty remains high but a breach below 40,000 level immediately looks unlikely.
- January 09, 2023 12:43 PM IST
The upcoming week can be approached with a low-risk strategy like Iron Condor in Nifty.
- January 09, 2023 09:43 AM IST
After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.
- January 09, 2023 06:29 AM IST
Godrej Industries has formed long bullish candle on the daily charts with healthy volumes. The stock has seen a breakout of downward sloping resistance trend line adjoining December 9 and December 21, 2022. Also there was a decisive breakout of horizontal resistance trend line adjoining multiple touch points - October 12, October 19, 2022, January 2, and January 5, 2023.
- January 09, 2023 06:21 AM IST
The crude oil remains under pressure and since it has sneaked below $80 mark, all sensitive pockets came back into action. Tyre being the beneficial space from the crude oil drop, all counters just took off in last couple of trading sessions.
- January 07, 2023 01:58 PM IST
But time-value related reduction in premium is very high in the last few days of expiry, hence, for the last two days of expiry stick to at least 50 delta Call or -50 delta Put.
- January 06, 2023 05:32 PM IST
Experts say the market seems to be oversold and if the index takes support at 17,800 in the coming sessions, it can easily reclaim the 18,000 mark
- January 06, 2023 06:42 AM IST
Max Financial Services jumped 3 percent to Rs 735.4 and formed long bullish candlestick pattern on the daily charts with above average volumes, with higher high higher low formation for third straight session. In fact, it has been in an uptrend after break out of long downward sloping resistance trend line adjoining September 20 and December 19, 2022, on January 3.
- January 06, 2023 06:38 AM IST
Hindustan Zinc, now has started to get into higher high, higher low formation post October 2021. The stock has shown a bounce to the upside after retesting the Triangle pattern, the breakout was witnessed on November 14, 2022. This confirms the beginning of potential uptrend.
- January 05, 2023 05:05 PM IST
If support holds at 17,900, the index can jump to 18,100-18,200 but a breach can drag the index to 17,770, its lowest level of December
- January 05, 2023 12:26 PM IST
Business improving gradually now stock price should follow supported by reasonable valuations and buyback announcement
- January 05, 2023 07:10 AM IST
Sun TV Network is expected to be giving a breakdown of a wedge like pattern on the daily timeframe after seven months with decent volumes and the supertrend indicator is also indicating a downwards move which can be used as a confluence towards the bearish view.
- January 05, 2023 06:33 AM IST
Grindwell Norton rose 2.6 percent to Rs 1,894 and formed bullish candle with making higher high higher low for third consecutive session. Also the stock has seen a breakout of downward sloping resistance trend line adjoining December 19, December 21, 2022 and January 3, 2023.
- January 05, 2023 06:26 AM IST
ABB India has remained resilient amid the market sell off on Wednesday. Besides, the price has been taking support around the 200-DMA (day moving average), suggesting a possibility of recovery over the short term.
- January 04, 2023 04:48 PM IST
If the index manages to hold on to 18,000 mark in the coming session, then there is a possibility of rebound. But breaking of the mark can weaken the mood further, experts say
- January 04, 2023 07:49 AM IST
Ashok Leyland, Reliance Industries, Axis Bank, Britannia Industries, Maruti Suzuki India and SBI Life Insurance Company among the six stocks which are likely to give 13-33 percent return in the month of January 2023
- January 04, 2023 06:17 AM IST
Max Financial Services was also in action, rising nearly 4 percent to Rs 710 and there was formation of large bullish candle on the daily charts with above average volumes, with making higher high for third straight session. In fact, Tuesday's breakout was after couple of weeks of consolidation. The stock has seen a breakout of long downward sloping resistance trend line adjoining September 20, and December 19, 2022.
- January 04, 2023 06:15 AM IST
LIC India is bottoming out from lower levels and forming the right shoulder of an Inverse Head & Shoulder pattern formation on the daily chart with decent volume. The structure of the counter is in a long period of consolidation as it trades above its all-important moving averages.
- January 03, 2023 04:56 PM IST
In the coming session, if the index decisively crosses 18,250 with good support at 18,150, then 18,300-18,400 can be a possibility as the volatility also has cooled down, experts say
