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The market is expected to consolidate after the two-day rally and may attempt another session of upward movement. Below are some short-term trading ideas to consider.
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The market is expected to see further weakness if it decisively breaks the previous day's low. Below are some short-term trading ideas to consider.
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The market mood is likely to remain upbeat in the upcoming session. 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 market may see some consolidation after the sharp run-up in the past three days. Below are some trading ideas for the near term.
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The market may extend its gains amid likely volatility, but it remains within last Friday's range. Below are some trading ideas for the near term.
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The bearish sentiment is expected to continue, as the market traded well below all key moving averages (10-20-50-100 EMAs). Below are some trading ideas for the near term.
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A break above the Rs 1,960 level can lift Infosys towards Rs 2,080, so long as the Rs 1,850 level holds on the downside.
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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 consolidate, but the overall trend remains in favour of the bulls. Here are some trading ideas for the near term.
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Experts suggest that unless Nifty 50 decisively climbs and sustains above 24,400—where the highest Call open interest is placed—the consolidation may continue, with support at the 24,000 mark. Here are some trading ideas for the near term.
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Experts see a sharp correction if the Nifty 50 decisively closes below 24,500, with 24,000 acting as a crucial support and 24,900 as a hurdle on the higher side. Here are some trading ideas for the near term.
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The Nifty 50 needs to sustain 24,500 for a further upward journey towards the 24,800 level, with immediate support placed at 24,400. Here are some trading ideas for the near term.
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The Nifty is currently trading within a rising channel pattern, suggesting potential bullish momentum if it manages to maintain levels above 22,300 in the current week, with a likely target range of 22,750-22,800.
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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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ICICI Bank was the outperformer, forming bullish candlestick pattern on the daily charts after Doji or High Wave kind of pattern formation in previous session, with above average volumes. The stock still traded above all key moving averages.
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Looking ahead, 22,500 could act as immediate resistance for Nifty 50, with a close above this level possibly leading to further gains towards 22,800.
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Considering the overall chart structure, we maintain a bullish stance with specific targets set at 21,834 and 22,000 for the short to medium term.
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With decisively surpassing previous record highs and making higher highs, higher lows formation along with healthy volumes on daily charts last week, the Nifty50 is likely to march further northward with eyeing 20,400-20,500 zone.
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A decisive move beyond 19,750 on the Nifty50 could potentially push the index towards 19,900. On the downside, support is established at 19,600.
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The next hurdle for the Nifty is the 20,164 levels. If the index can break this levels, it could move up to 20,300 and 20,500 levels.
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In the near term, the index is expected to take support at 17,600, which has been holding quite well on every closing in the past six consecutive sessions, with resistance at the 18,000-18,250 zone
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ITC has been in a strong uptrend since February last year and after a brief consolidation of 2 months, the stock looks ready for the next upmove.
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Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
