The stock of HUL has maintained a strong base near 1970-1980 levels and has picked up momentum improving the bias
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
The momentum indicator RSI is making a lower top and lower bottom formation which shows that Nifty is losing the strength
The stock of Reliance Industries has corrected from the peak of Rs 1,600 and is currently showing signs of reversal bottoming our near Rs 1,415 levels
Marico's stock has provided breakout from a cup and handle pattern on the daily chart
As per weekly option data, handful of put writing on lower strikes ranging from 9,200 to 9,400 is seen which shows Nifty would witness firm support in sub 9,200 zone
There are good chances that Nifty might extend the pullback towards 9,440-9,500 odd levels. However, it looking at the overall setup, strategy should be to sell on rallies
The stock of ICICI Bank has breached its major rising channel on the downside and also provided breakdown from its double top pattern on the daily chart
On Monday, we need to see how our market actually reacts to the US-China trade war reports. If markets don't react like SGX Nifty and shows some buying interest, then bull scenario remains valid
The stock of ICICI Lombard GIC has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength
The Jefferies report said that within the Nifty 100 several PSUs such as State Bank of India, GAIL, ONGC, NTPC, Bank of Baroda, Punjab National Bank & Power Finance Corporation slipped below GFC lows.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Sectors like banks, non-bank finance companies (NBFCs), consumer durables and non-durable players, would all make interesting bets.
Nifty has never been able to close above its 5-day EMA since February 19, 2020
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Gold is positive but overbought in short term, so, do not to take a fresh long position from here but let it come around to Rs 42,550 for fresh long positions
Indications are in the favor of marginal consolidation followed by steady rebound ahead for Marico
Infosys has been gradually rebounding for the past three months, after a sharp decline from its record high.
With the consolidation with a positive bias witnessed in Mahindra & Mahindra in the last 2-3 days, further rise is likely in the days to come
Derivative strategy on Pidilite Industries by Vinay Rajani -Technical and Derivatives analyst, HDFC Securities.