Page 27 - Market Technicals

Nifty can scale new peak once 12,050 is taken out: HDFC Securities

Nifty is forming a symmetrical triangle with "shortall" in place on the daily chart, which indicates that the chances of bullish breakout is higher than the bearish breakout

Weekly stock picks by Religare Broking: Buy Bajaj Finance, Maruti Suzuki

The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels

Just Dial: Is this the number you missed to dial in your portfolio?

The overall medium-term trend can take the stock towards Rs 800 levels, charts suggest

Nifty needs to hold 11,800 for further upside: CapitalVia Global Research

We can witness short-covering move along with addition of fresh position only if Nifty breaches 12,000

Stock recommendation by Prabhudas Lilladher: Buy M&M, Motherson Sumi

The stock of Motherson Sumi has formed a decent base near 102 levels, almost making a double bottom pattern, and has currently given a spurt to indicate strength

Stock picks by Nilesh Jain of Anand Rathi: Buy Adani Gas, Aarti Industries

Adani Gas stock is on the verge of a major breakout from a symmetrical triangle formation on the daily chart

All you wanted to know about the Average Directional Index in trading

ADX ascertains a bullish trend on a bigger time frame more accurately, particularly when the price is about to scale the 25 value.

Nifty outlook & trading ideas by Gaurav Garg of CapitalVia Global Research

As per weekly option data, handful of put writing on lower strikes ranging from 11,600 to 11,800 is witnessed which shows Nifty would face firm support in the sub11,800 zone

Banks, FMCG stocks may outperform in near-term: HDFC Securities

BankNifty index has broken out from the "Flag" pattern on the daily chart, which indicates a fresh momentum buying the Banking stocks

Weekly stock picks by Religare Broking: Buy Bharat Forge, IndusInd Bank

Among the private banking names, IndusInd Bank has been trading in a congestion zone and its chart pattern is showing the potential of a breakout in near future

Bank Nifty likely to outperform Nifty in the coming days, says Nilesh Jain

A fresh put writing at 24,000 strike indicates that put writers are shifting the base higher and we might see further upside move on the back of a short-covering rally

Stock recommendation by Prabhudas Lilladher: Buy Hindalco, Aurobindo Pharma

The RSI indicator for Hindalco Industries has recently indicated a decent rise to imply strength

Jindal Steel, Adani Ports: Two stocks that Anand Rathi is bearish on

The stock price of Adani Ports has formed a triple top formation on the daily chart at around 365 levels

Here's a Bear Spread Strategy on Nifty by Nandish Shah of HDFC Securities

Nifty has broken down on the daily chart where it closed below its 11-day EMA first time in the month of October

Here's why moving averages are a must for your trading model

Intra-day traders consider lower averages such as 9-DMA, 13-DMA, 20-DMA as this helps traders with swing trades wherein they want to capture profits on the day-to-day basis while mitigating risk.

Nifty outlook and stock pick by Gaurav Garg of CapitalVia Global Research

As per weekly option data, handful of put writing on lower strikes ranging from 11,700 to 11,900 is witnessed which shows Nifty would face firm support in sub-11,800 zone

Nifty could consolidate between 11,900 and 12,050 in short term: HDFC Sec

Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index

Stock calls by Ajit Mishra of Religare Broking: Buy Tata Chem, SBI Card

Tata Chem made an equally sharp reversal after the vertical decline in March 2020 and has made a new record high at Rs 345.90 in August

Is the Nifty on course to breeze past its 52-week high of 12,430.5?

Nifty reclaimed the 12,000 mark in trade on Monday - a level last seen in February 2020. The rally since February low has been mostly fueled by pharma, IT and auto stocks, data show

Nifty outlook and stock picks by Gaurav Garg of CapitalVia Global Research

The level of 11,000 will act as support for the Nifty as maximum put open interest (OI) is placed here