The stock of HPCL has witnessed a built-up of long positions with the addition of 10 per cent open interest
Britannia has been among the top-performing FMCG counter for the last several years
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
Upside target for Nifty is seen at 14,300 odd levels, which happens to be the 138.2 per cent Fibonacci retracement of the downswing seen from 12,430 to 7,511
The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600
A Gap down closing on December 21, 2020 dismantled the upside bias in Tata Steel stock
The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart
The Mukesh Ambani-controlled RIL needs to decisively conquer Rs 2,070 mark to attract fresh buying
One of the key ratios to gauge the valuation of the market is the Market Capitalisation to GDP Ratio, which is around 95 per cent currently - a bubble territory
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
Death Cross, Gap-down closing and RSI Divergence are significant indicators of trend reversal
Better-than-expected Q2 GDP data numbers might help index to move in the positive territory
Once traders get a hold of technical analysis, their behaviour tends to become exaggerated.
A cocktail of better-than-expected earnings, improved Goods and Services Tax (GST) collection, better macro-data, and progress in Covid-19 vaccine development has pushed Nifty50 & Sensex to their peak
Major stocks are showing upside bias with support from moving averages and technical parameters
Nifty Mid and Small caps 100 are showing strong upside.
"We don't expect a runaway rally in gold as ETF outflows will put pressure on the price," the expert says.
HDFC twins are nearing all-time highs while Bajaj group stocks have seen a tremendous surge in the ongoing November series.
Trading longs should be held on with the stop loss of 12,700 levels. We expect midcaps to outperform in the coming days.