Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
NBFC, as a sector, is looking good for the short-term
This candlestick pattern provides the first sign of weakness and if the price fails to conquer the high of the "Hanging Man", then the weakness may turn into a major bearish trend.
The Nifty IT index may witness a major upward trigger after a strong close above 13,000-mark
At present, traders are advised to keep following stock-specific approach
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground
The RSI on Voltas' stock is also on the rise and has signaled a buy
Long build-up is seen in the Escorts Futures'
Cipla may see profit-booking around Rs 360 to Rs 367 levels, as per the weekly chart.
While considering a larger outlook, one needs to look at signals wherein the change in trend holds over a month or a quarter.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Maruti's stock price has risen more than 10 per cent with significant rise in volumes
Despite the stimulus measures by the government and the Reserve Bank of India (RBI), financial sector stocks, including those of non-bank finance companies (NBFCs) have taken a hard knock
A trader who looks for short-term gains, hold positions for a week or fortnight.
The trend looks weak below 5,000 levels for the Nifty Auto index. Although the current formation claims consolidation with lower support around 4,600 levels, the trend remains short on upward rallies
The primary trend of Ipca Lab's stock has been bullish with higher tops and higher bottoms on the weekly and monthly charts
For Nifty Bank, the immediate resistance comes in the range of 20,500 to 20,000 levels