The Nifty witnessed another volatile day on Wednesday but managed to close above its crucial support level of 10,700 levels but witnessed an intraday volatility of 91 points which resulted in a ‘High Wave’ candlestick pattern on the daily charts.
A High Wave kind of pattern is formed when there is a long upper shadow and a long lower shadow with a small body. The pattern is similar to a spinning top or a Doji kind of pattern but in the high wave, the shadows are longer and there is a small body.
The Nifty which opened at 10,751.95 which rose to an intraday high of 10,790.45. But, bears took control of D-Street and pushed the index below 5-DEMA to touch its intraday low of 10,699. The index closed above its 13-DEMA at 10,741.95, down 60 points.
Here are the list of top stocks to buy or sell which are good bets today:
Dharmesh Shah of ICICI Direct.com Research
Buy Apollo Tyre with a stoploss of Rs 263 and target of Rs 340
Buy Pfizer with a stoploss of Rs 2165 and target of Rs 2960
Buy Berger Paints with a stoploss of Rs 264 and target of Rs 313
Technical Analyst, Prakash Gaba
Buy Escorts with a stoploss of Rs 940 and target of Rs 980
Buy ONGC with a stoploss of Rs 184 and target of Rs 191
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.