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The Nifty 50 is expected to consolidate until it decisively breaks the previous week's range on either side for a firm direction. Below are some short-term trading ideas to consider.
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The market is expected to maintain an upward trend amid consolidation. Below are some short-term trading ideas to consider.
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The market may turn positive amid rangebound trading. Below are some short-term trading ideas to consider.
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The market is expected to remain directionless in the upcoming sessions until it decisively breaks the trading range of May 15. Below are some short-term trading ideas to consider.
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While private banks have already sprinted ahead in the current rally, PSU banks are just starting their engines.
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According to experts, the rate cut was on expected lines but change in stance was unexpected. They see more rate cuts in the coming policy meetings
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The market is expected to be range-bound in the upcoming session. Below are some trading ideas for the near term.
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The market is expected to continue its northward journey. 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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From a medium-term perspective, Jigar Patel maintains a cautious stance on the market. However, in the short term, he expects further upside in the coming week. The Nifty 50 has been well-supported, and this could propel Nifty towards the 26,500 level.
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The Nifty is likely to maintain an upward rally towards 24,900-25,000, with immediate support at 24,600-24,500 levels. Here are some trading ideas for the near term.
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The market turned volatile at 22,500 as it priced in the non-event. Once the index closes above 22,600, one can expect a march towards 22,700-22,800.
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Bajaj Finance extended uptrend for seventh consecutive session. With last Thursday's strong run, the stock firmly got back above all key moving averages and formed long bullish candlestick pattern on the daily timeframe with robust volumes.
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Considering the overall chart structure, there is an anticipation of short-term rangebound sentiments.
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BEML formed long bullish candlestick pattern on the daily timeframe with above average volumes, while the stock traded well above all key moving averages. Further it has been in higher highs, higher lows formation since after October lows.
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The broader market outlook suggests a sell-on-rise strategy as long as the Nifty 50 stays below 21,650.
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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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Looking at the positional technical setup, it would be advisable to lighten long commitments in the resistance zone of 19,230-19,333.
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Crucial support for the Nifty50 is expected to remain at 18,800, the low of the last week, as beyond this point, it may slide down to 18,600-18,500. On the higher side, the immediate hurdle will be at 19,200-19,300, followed by 19,500
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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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It is the time to increase the exposure in largecaps and reduce in midcaps. Risk reward does not seem favourable in mid and smallcaps.
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The next targets for the Nifty50 to watch out for would be 20,500-21,000 in the short term, considering the strong momentum sustained through the last seven sessions with participation from bank and IT stocks
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Experts are not worried due to this market fall, in fact, it gives an opportunity to pick quality stocks including rate sensitive stocks on dips.
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The psychological mark of 20,000 that was just missed last week remains an immediate hurdle, followed by the golden retracement target of 20,100 – 20,200
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The support for Nifty50 is found at 19,700, while resistance is expected between 19,800 and 20,000 levels.
