As long as the support of Rs 2,400 is defended; the negative sentiment is not going to see any exciting response from market participants. Short-term support exists at Rs 2,580 and Rs. 2,520
The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
Out of the 100 stocks in the Nifty Mid-cap 100 index, only 12 are trading in the overbought category of Relative Strength Index
The technical analysts recommends to buy and accumulate these stocks with stop loss at respective 200-DMAs
The likes of Adani Total Gas, GAIL India, Petronet LNG, Indraprastha Gas, Gujarat Gas can witness 6-15 per cent upside as per the daily and weekly chart patterns
While Aarti Industries and Sun Pharma have been consolidating in a range and awaiting a breakout, Bajaj Auto seems to have given a breakout, says the technical analyst from Religare Broking
Berger Paints is placed near its strong historical consolidation zone and is expected to surge higher from here onwards, says the technical analyst
Tata Motors DVR has re-tested the breakout zone and has seen an early sign of reversal in the last trading session, says the technical analyst from Anand Rathi
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
Info Edge (Naukri) has finally witnessed a breakout from a broader consolidation range of Rs 4,200-5,600 after spending nearly eight months there
Top buy and sell ideas for the day
The opposite of this negative indicator is called Ascending Triangle. This represents a bullish bias with a breakout above the horizontal line.
The sideways formation of Triple Bottom is seen as the most reliable and profitable pattern
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there
A perfect Death Cross is usually followed by a long-term downtrend that might last even for a year
NOCIL has been trading in a symmetrical triangle pattern on the daily time frame
Any move below the zero line is inferred as a bearish signal where prices are expected to fall further.
Here are trading strategies for a few such counters that look bullish on the charts and can appreciate at least 20 per cent from here on in the next two months
The MFI study on the daily and weekly chart assists in identifying short-term trade for quick gains
The reversal levels are considered as the stop loss for the trading position