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The market is expected to continue consolidating within last Friday's trading range. Below are some short-term trading ideas to consider.
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The market is expected to witness a healthy rally in the upcoming session after Trump announced a 90-day pause on tariffs for all countries except China (which remains subject to a 145% tariff rate), though uncertainties persist. Below are some trading ideas for the near term.
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As long as the market defends the midline of Bollinger Bands, the trend may remain in favour of bulls despite Monday's profit booking. Below are some trading ideas for the near term.
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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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Given the weak sentiment, the market may extend its downward journey in the upcoming sessions. Below are some trading ideas for the near term.
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The Nifty 50 is likely to hit 24,100-24,200 at the start of the July series, provided it holds 24,000. However, failure to do so can drag it towards 23,800. Here are some trading ideas for the near term.
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As long as the Nifty 50 holds 22,300-22,200 levels on closing basis, the upward march towards 22,800 can't be ruled out in the coming sessions.
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Colgate Palmolive ended at record closing high after breaking the recent consolidation range and formed long bullish candlestick pattern on the daily charts with healthy volumes.
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Looking ahead, immediate resistance levels for Nifty are identified at 22,300, representing a pivotal level on higher time frames, with further resistance at 22,500. Crucial support levels are noted at 21,900 and 21,800.
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HDFC Securities expects smallcaps to underperform Nifty in the short term.
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Experts hope to see the Nifty 50 at 22,600 in an immediate term and 22,800 in the short term, with support at 22,400, and then at 22,200. But, in between, the 22,500 level is likely to be crucial in determining the subsequent direction in the market
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After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts
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On Budget day, the Nifty 50 is likely to trade in the range of 21,500 on the lower side, and 21,900 on the higher side.
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Sustaining above 19,850 could lead to further upside, particularly towards 20,000 & 20,222 on the Nifty, driven by potential short-covering.
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In case, the Nifty50 gets broken down the support 19,480, the low of previous week, 19,300 (the low of October month) is likely get tested in coming sessions, experts said.
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The banking index has been showing outperformance and is continuing its uptrend after some consolidation. Among private sector banks, Axis Bank is showing strength and has given a breakout above its previous swing high resistance.
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Bharat Dynamics has given a falling trend line breakout with a rise in volumes on the daily chart. The momentum indicator RSI has also given a positive crossover which confirms the buy signal on the daily chart.
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On weekly chart of SRF, we can observe that the stock is currently trading at its 52-week high level, this tells that the stock already is in a strong up trend.
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Colgate Palmolive formed strong bullish candle on the daily scale with robust volumes as it jumped nearly 4 percent to Rs 1,630, the highest closing level since May 2. The stock has also seen a breakout of long downward sloping resistance trendline adjoining July 23, 2021 and May 2, 2022.
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The prices have given a downward sloping trend line breakout on March 16 and have successfully closed above the same which confirmed the breakout in Grasim Industries.
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Various segments of equities related to agriculture and rural spending are expected to see huge growth in the monsoon season.
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The benchmark indices and broader markets have rallied more than 55 percent from the lows of March 23, though they have been some correction in the last few sessions.
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Nifty has got strong support at 11,660 and it can be kept as a stop loss in long positions. Upside targets for Nifty are seen at 12,250 and 12,430.
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India's stock market remains one of the most promising emerging markets of the world with tremendous growth potential as several structural reforms initiated by the Narendra Modi-led government assures that tomorrow belongs to India.
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Nifty managed to hold above its 200-days exponential moving average, placed at 10,540 on the daily interval. It should act as a major support for the upcoming sessions.
