The stock of State Bank of India has taken support near 180-levels which has formed a good base and has picked up momentum to improve the bias
Nestle surpassed its short term 21-DMA and long term 200-DMA, placed at Rs 16,000 levels. The momentum indicators and oscillators are in the buy mode on the daily scales which hints of further upside
Primary trend of the stock is positive where stock price is trading above its 200-day SMA
Nifty could face firm support in sub 11,600-zone.11,600 will act as support as maximum put OI is placed here
A new all time high shows bullish sentiment is here to stay in these stocks.
Support for the Nifty is shifted up to 11,400, which should be kept as a stop loss in long positions. The upside target for Nifty is seen at 11,800 odd levels
Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further
The stock of Bharat Forge has formed a strong base and has started making a higher top and higher bottom formation on the daily chart
Short term trend of the stock is positive where stock price is trading above its 5 and 20-day SMA
The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance
The stock of Indian Hotels has recently bottomed out near 90 levels and has picked up momentum to improve the bias
BPCL, HPCL, and IOC have corrected up to 22 per cent since their highs of July.
The auto pack has been showing tremendous resilience on every dip and TVS Motor is keeping with the trend. It has rebounded sharply after a dip last week and again trading closer to the yearly high
There is a lot of uncertainty and clear trend is not visible on the charts
The stock of Radico Khaitan has found the support of its rising trend line and has also formed a reversal candle on the daily chart
A short-covering move, along with addition of fresh position, is seen only if somehow Nifty sustains level of 11,200
Silver is in weak territory as it has breached $26 and now next support comes at $22
Despite the market correction, there are some stocks from the FMCG and pharma sectors - considered classic defensive plays - that can be bought from a medium-term perspective
A trendline breakout on the monthly chart asserts that the stock or index is ready to move higher, with an optimistic outlook.
RIL soared 3 per cent to Rs 2,276.50 on the BSE on Wednesday in intra-day trade, after the company announced that global investment firm KKR will invest Rs 5,550 crore in Reliance Retail Ventures