Technically, the bullish structure remains intact as long as Nifty trades above 10,200-10,300
SBI's stock has formed a bullish flag pattern
Most stocks need to conquer their 200-DMA for the next surge.
Traders are advised to avoid carrying aggressive bets overnight while trading in Nifty
Traders are advised to avoid carrying aggressive bets overnight while trading in Nifty
Stocks of diagnostic chains and hospitals have been in focus as Covid-19 pandemic spread across the country. Is it a good strategy to stay put in these counters? Here's what the charts suggest
The Nifty IT index now needs to scale above its 200-DMA placed at 14,888 to embark on a new trend
If there is no escalation in geopolitical concerns and Covid-19 cases, the Indian markets are likely to continue their northward trajectory
Out of these 42 stocks, 28 stocks have not seen any negative crossover above the zero line and are trending upward with price witnessing buying at corrective moves.
The momentum oscillator MACD has provided buy crossover on the Nifty's hourly chart
The primary trend of the ICICI Lombard GIC's stock is bullish
Recently, gas distribution companies have been in limelight
Pharma stocks provide a good hedge as the markets slip from recent highs. For the Sensex, 32,400 level remains key
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).
Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent
The stock's primary trend is positive and its price is trading above 200-day SMA
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
The level of 9,200 might act as a base for Nifty's weekly expiry