Except Sun Pharma and Lupin, others have grown significantly and are showing less reversal signals.
Once the banking stocks start chipping in, the Nifty is likely to reclaim 12,220 - 12,300 in coming weeks
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
A candlestick defines the price movement and depending on the formation, one can determine the current sentiment and predict a trend.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Most stocks are witnessing selling pressure at higher levels. If that gets conquered, a fresh upside of 3-5 per cent is expected to happen.
Technical calls from Mr. Nandish Shah, Technical & Derivatives Analyst, HDFC securities
The dip in Nifty should be utilized as a buying opportunity for the target of 12,150
Except Voltas and Britannia, others may see selling pressure on every upside.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Except BPCL, the others show a weaker trend. However, the correction seems to have slowed down.
In a bearish market, or where the trend starts to turn negative, traders and investors need to be extra careful while executing a trade
IRCTC has risen over 50 per cent in just eight sessions. Bajaj Finance, YES Bank and Godrej Properties have also rallied in trade since the last few sessions. Here are the trading strategies
A successful close above Rs 1,500 can take the counter towards Rs 1,617 levels, which is its lifetime high level
The Nifty seems to have completed wave B of the bounce and wave C up on the hourly charts is expected
Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.
All the major cement stocks are trading with breakouts, signaling higher levels in the coming sessions. Any boost in Budget may trigger another 10 per cent rise in a short span
The Nifty is likely to bounce till 12,300 levels in the short-term after which it is again likely to correct
Consolidation in Axis Bank may see breakdown if the counter closes below 100-DMA for two consecutive days.
The pattern consists of a shape that have three peaks which are categorised into the left shoulder, head and the right shoulder.