-
The market is expected to see consolidation until it sees a breakout over the previous week's high. Below are some short-term trading ideas to consider.
-
The Nifty Auto Index may well be on the verge of a reversal, with stocks like MRF and Exide Industries lining up as early beneficiaries. While confirmation is always key, the setup is promising—and those watching closely may find themselves ahead of the next big move.
-
The market may try to rebound on the first day of the December series, but sustainability is the key factor to watch. Below are some trading ideas for the near term.
-
The rangebound trade is expected to continue in the upcoming session, though the overall trend remains positive. Below are some trading ideas for the near term.
-
The Nifty 50 is expected to consolidate with a positive bias as long as it defends the rising support trendline. Below are some trading ideas for the near term.
-
Volatility is expected to continue in the market, with support at the current week's low. Below are some trading ideas for the near term.
-
Experts expect the Nifty 50 index to take support at the 22,600-22,500 zone, and above these levels, there is a possibility of a resumption of the upmove towards the 23,000 mark. However, below 22,500, a sharp downward move can't be ruled out.
-
The Nifty 50 is likely to be rangebound with resistance at 23,100-23,200 and support at 22,800 in the coming sessions, while volatility is expected to be elevated ahead of the Lok Sabha election results.
-
Aegis Logistics extended upward journey for fourth consecutive session, and formed bullish candlestick pattern with upper and lower shadow on the daily timeframe, indicating volatility in the counter.
-
Eicher Motors ended at new closing high of Rs 4,205.75 after breakout of falling resistance trendline adjoining highs of December 4 and December 29 last year, and formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.
-
Tata Motors extended upward move for fifth consecutive session, and strong rally in the last three sessions with healthy volumes, while the stock continued higher highs, higher lows formation for four days in a row.
-
The market trend may continue to be volatile on Thursday, especially as the interim budget will be delivered.
-
the market remains bullish with resistance at 18,600-18,800 levels, though we have correction and consolidation at higher levels after the recent new swing high of the year, experts said
-
Exide Industries is currently trading at 52-week – high which tells that the stock already is in strong momentum.
-
In terms of broader pattern, benchmark index Nifty50 has shown resistance around downward sloping line which is currently near 17,727 on weekly basis.
-
Birla Cable was locked in 20 percent upper circuit at Rs 144, forming robust bullish candlestick pattern on the daily charts with above average volumes. It has seen a breakout of long downward sloping resistance trend line adjoining March 23, April 7, and August 2 this year.
-
Finolex Cables has been forming higher tops and higher bottoms on the daily chart. It has registered fresh 6 months high with rising volumes.
-
Poonawalla Fincorp has been forming higher top and higher bottom on the daily chart. It has broken out from the symmetrical triangle pattern with rising volumes on the daily chart.
-
The cooling off of metal prices was the biggest driver for the sector. Metal forms the major portion of auto companies' operating expenses
-
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
-
We believe history will repeat itself, wherein Exide Industries will rebound utilising prior consolidation and will move towards its 100-day SMA. This could lead the stock towards Rs 157 initially and Rs 163 subsequently.
-
Trade Spotlight | Here's what Malay Thakkar of GEPL Capital, suggests investors possessing these stocks when the market resumes trading today.
-
Mid and smallcaps may cool off a little but this opportunity should be used to add quality stocks to your portfolio as the long-term market outlook is bullish, says experts
-
Sanjeev Hota of Sharekhan by BNP Paribas feels there could be further positive earnings surprise in store for Q4FY21.
-
On the derivative front, Call writers at 14,000 and 14,200 strikes triggered short-covering which pushed Nifty towards 14,600 levels.
