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The consolidation is expected to continue as long as the frontline indices trade below short-term moving averages. Below are some short-term trading ideas to consider.
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Overall, the bearish sentiment may prevail, and any bounce back may face selling pressure. Below are some short-term trading ideas to consider.
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The market needs to reclaim and sustain above the 20-day EMA to witness a further northward journey in the upcoming sessions. Below are some short-term trading ideas to consider.
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The benchmark indices are expected to consolidate with a positive bias. Below are some trading ideas for the near term.
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The market is expected to consolidate with a negative bias, while volatility is expected to remain high. Below are some trading ideas for the near term.
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The market may remain in positive terrain amid elevated volatility. Below are some trading ideas for the near term.
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The market may attempt to rebound amid likely consolidation after the steep fall. Below are some trading ideas for the near term.
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The trend is expected to remain in favour of bears, continuing the 'sell on rally' strategy. Below are some trading ideas for the near term.
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Immediate support for the Nifty 50 is seen at 25,700, with a crucial level at 25,500, while resistance is expected around the 25,900-26,000 range. Here’s a look at the ‘buy on dip’ opportunities and stocks to avoid, according to market experts.
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The Nifty 50 may consolidate before showing the next leg of the upmove towards a new high. Below are some trading ideas for the near term.
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Brigade Enterprises, Hindustan Petroleum Corporation, Cholamandalam Investment and Finance Company, Britannia Industries, and Whirlpool of India will also be in focus on August 30.
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The market is likely to be volatile with a negative bias in the coming sessions. Here are some trading ideas for the near term.
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The market is expected to consolidate in the coming sessions, though the overall trend remains in favour of bulls.
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For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
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Looking ahead, while there might be another shake-off in the market in the near term, investors could view this as an opportunity to initiate fresh long positions.
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The Nifty 50 index has now expanded its trading range, with an upper boundary around 21,800 to 22,000, while support is observed in the range of 21,700 to 21,600.
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The sentiment remains strong as long as it stays above 20,000 mark and also continued buy on dips strategy, say experts.
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The strength in bulls can be confirmed in case the Nifty goes above 19,450/19,460 levels, similarly for Bank Nifty the same can be seen above 44,000/44,100 zone.
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Welspun India shares rallied nearly 9 percent to Rs 70 and formed robust bullish candle which resembles Bullish Engulfing kind of pattern formation on the daily charts with large volumes after taking a support in previous session at horizontal support trendline adjoining lows of May 26, 2022 and February 1, 2023.
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Britannia Industries has formed a Bullish Harami pattern on the daily chart, suggesting a rise in optimism. Furthermore, the price has remained above the 50EMA on daily basis.
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Britannia Industries in the latest week has given a breakout of Inverse Head and Shoulder pattern, indicating beginning of the uptrend. The breakout is confirmed by the Higher volumes and a gap.
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Apollo Tyres was also in focus, rising 4 percent to Rs 301, the highest ever closing level. The stock has formed strong bullish candle on the daily charts with above average volumes after consolidation for around one-and-half-month.
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The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
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Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies
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Some of the sector’s biggest companies sounded hopeful of revival in the second half of 2022-23 in their interaction with analysts following their earnings announcements
