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The market is expected to remain in positive territory amid consolidation. Below are some trading ideas for the near term.
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Further downward movement seems possible in the market in the upcoming sessions. Below are some trading ideas for the near term.
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Both SAIL and Tata Steel have strong bullish indicators on their charts, and with the Nifty Metal Index on the verge of a breakout, these stocks are worth adding to your watchlist.
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The market may attempt a rebound after the four-day loss, but sustainability will be key. Below are some trading ideas for the near term.
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The trend is likely to remain positive, but consolidation cannot be ruled out until the benchmark indices decisively surpass the 50 percent Fibonacci retracement. Below are some trading ideas for the near term.
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The market may extend its upward move amid consolidation in the upcoming session, but the "sell on rally" strategy remains valid due to the overall bearish sentiment. Below are some trading ideas for the near term.
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The Nifty 50 is likely to consolidate further in the coming sessions before the start of a new leg of an upmove. Below are some trading ideas for the near term.
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The Nifty 50 is likely to trend higher and hit new highs amid consolidation. Below are some trading ideas for the near term.
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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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Looking at the close of Smallcap and microcap indices, traders should remain cautious in those segments.
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Experts feel the Nifty is likely to correct up to 22,300-22,200 and breaking of the same can take it down up to 22,000 mark, but in case of recovery, 22,700-22,800 may be the key hurdle
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The RSI Smoothened indicator that recently witnessed a dip has turned northward and is flashing fresh buy signals. In the week beginning April 1, close attention will be paid to the all-time high levels above 22,500, as hesitation was evident at these levels
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the Nifty may face hurdles at 22,250-22,300 and, if this level is broken decisively, then a record high can't be ruled out. On the downside, it the index breaches the 22,000 level, then 21,900 is going to be next support level and then 21,700, the low of the last week
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The 50-day EMA (exponential moving average), currently placed at 21,916, seems to be acting as a strong support for the Nifty.
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IndusInd Bank smartly defended its 200-day EMA (exponential moving average) many a times in the recent past. The stock has seen a breakout of downward sloping resistance trendline and climbed 3.5 percent to Rs 1,526.65.
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Looking ahead, immediate resistance levels for the Nifty are observed at 22,500 followed by the 23,000 mark. On the downside, crucial support levels are identified at 21,850 and 21,530
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The hourly chart reveals ongoing strength in both MACD (moving average convergence divergence) and RSI (relative strength index) indicators, hinting at sustained positive momentum.
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In the near term, given the RSI at overbought zone levels and PCR (Put-Call ratio) reached 1.5 mark, the consolidation or some pull back can't be ruled out, experts said.
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Since the broader markets are overstretched, failing to clear the high might trigger some profit-booking. Traders should remain extremely stock-specific and follow strict stop-losses, advised experts
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The Nifty is likely to continue its march upwards amid consolidation with hurdle at 19,500-19,600 levels, whereas the near term support is expected to be 19,300-19,200 levels, followed by crucial support at 19,000, experts said
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The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark
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Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum.
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Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal.
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IRB Infrastructure Developers shares gained 8 percent to end at record closing high of Rs 314 and formed strong bullish candle on the daily scale with healthy volumes, making higher high higher low for second consecutive session.
