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As long as the frontline indices defend the previous week's low, a gradual upward move is possible amid rangebound trading. Below are some short-term trading ideas to consider.
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The market may see rangebound trading after the sharp sell-off last week. Below are some short-term trading ideas to consider.
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The market may remain rangebound in the upcoming session until it decisively surpasses the previous day’s high. Below are some short-term trading ideas to consider.
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The market is expected to see more weakness in the upcoming sessions, given the dismal global cues. Below are some trading ideas for the near term.
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The bullish bias is expected to sustain in the upcoming sessions. Below are some trading ideas for the near term.
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The market may see some consolidation before gaining further strength toward the 20-day EMA. Below are some trading ideas for the near term.
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The market is expected to be rangebound as long as it defends last week’s low in the upcoming sessions. Below are some trading ideas for the near term.
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The market is expected to be volatile and rangebound in the upcoming sessions, supported by an upward-sloping trendline. Below are some trading ideas for the near term.
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The market may climb further amid consolidation, but it is unlikely to break Monday's low soon. Below are some trading ideas for the near term.
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The Nifty 50 is expected to consolidate before starting a new leg of upmove. Below are some trading ideas for the near term.
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Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark
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On the upside, there is resistance at 19,500 for the Nifty, suggesting that the price may struggle to move beyond this level. A decisive move above 19,500 might lead the writers to unwind their positions.
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The stock closed 2.2 percent lower at Rs 300 but managed to hold the low of February 28 (Rs 298.8), thanks to a late trade recovery.
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Oil India shares climbed 4.5 percent to Rs 225 and formed strong bullish candle on the daily charts with above average volumes. Also there was Morning Star kind of pattern formation after recent correction, which is bullish reversal pattern.
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Mahindra CIE Automotive was also in action, climbing nearly 6 percent to end at record closing high of Rs 377 and formed long bullish candle on the daily charts with robust volumes, making higher high higher low for second consecutive session.
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Mahindra and Mahindra was the biggest gainer among Nifty50 stocks, climbing 3.6 percent to Rs 1,310 and formed healthy bullish candlestick pattern on the daily charts with above average volumes, with making higher high higher low formation for second straight session.
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Zomato jumped more than 6 percent to Rs 69.55, the highest closing level since June 24, continuing uptrend in five out of six consecutive sessions. The stock has seen bullish candlestick pattern formation on the daily charts with above average volumes.
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CG Power prices after a breakout from double bottom pattern on July 2022 retested the neckline of the pattern and have shown a bounce on the upside, indicating continuation of prior uptrend.
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Cochin Shipyard has witnessed a primary trend-line breakout on the weekly chart with strong volume followed by a breakout of Bullish Flag formation.
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Currently, Nifty 50 is about 7 percent away from its record high of 18,604 touched on October 19, 2021. Analysts expect the 50-share index to hit 20,000-mark by December 2022 end.
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Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2892 and target of Rs 3000 and advises selling Godrej Consumer Products with a stop loss of Rs 662 and target of Rs 625.
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Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas with a stop loss of Rs 320, target of Rs 345, Hindustan Unilever with a stop loss of Rs 1730, target of Rs 1765 and Titan Company with a stop loss of Rs 1110, target of Rs 1140.
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Rajat Bose of rajatkbose.com recommends buying Hindustan Unilever with stop loss below Rs 1727 for targets of Rs 1755 and Rs 1773 and Maruti Suzuki with stop loss below Rs 7424 for target of Rs 7520.
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Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes with a stop loss of Rs 355, target of Rs 372, Cholamandalam Investment with a stop loss of Rs 1470, target of Rs 1510 and Bajaj Finance with a stop loss of Rs 3100, target of Rs 3165.
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Ashwani Gujral of ashwanigujral.com is of the view that one may sell Bharat Forge with a target Rs 480.
