Once the stock breaks out, wait for the rally to sustain with decent volumes. Volatility in volume structure reflects uncertainty and indecision. It is better to hold nerves and let the price settle.
Major stocks are facing resistance at a 100-day moving average (DMA).
We could see contribution from the broader market too in the coming days
A follow-up buying may induce stronger momentum trapping short-sellers
The stock's primary trend is positive and its price is trading above 200-day SMA
One should refrain from creating any aggressive long position in Nifty at higher levels
Real estate stocks were in limelight on Thursday, after Union Minister of Commerce & Industry asked developers to cut prices and sell inventory rather than wait for the market to bounce back
Capitulation can be effective in various ways as it can lead to selling exhaustion, thereby prompting fresh stock buying.
Nifty is likely to face stiff resistance at 10,200
The sharp upswing in the market has got several traders off guard. Shrugging off grim economic forecasts and rising Covid-19 cases, the benchmark Nifty has climbed 11.4% from May 18
Next target for the Nifty is seen at 10,160 and 10,550
Britannia has broken out of the consolidation range of Rs 3,400 to Rs 2,400 levels while Escorts witnesses buying above the resistance level of Rs 900.
The level of 9,200 might act as a base for Nifty's weekly expiry
Telecom stocks have been in limelight since the past few weeks - be it Jio Platforms selling stake to marquee global investors or Google eyeing stake in Voda Idea. Here are the key levels to track
Long build up was seen in the Tata Motor Futures' on Thursday where we have seen 67% (Prov) rise in the Open Interest with price moving up by 2.9%.
Here is you can use Line Chart, Candlestick Chart, Renko Chart, and Point and Figure charts to your advantage while trading in stocks
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Here is how you can trade in these news-driven counters and maximise your gain
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
A gap down close after touching 100-DMA indicates selling pressure in HDFC Bank. he counter has consistently failed to conquer 100-DMA as gap-down close has forced prices to correct even further.