Chartist Talk: Ashish Kyal flags Nifty’s third wave, targets 26,400 by Nov-end; Midcap seen at 72,000
Overall, technical patterns suggest Bank Nifty is potentially entering the 3rd wave higher, said Ashish Kyal.
Chartist Talk: Technical indicators signal strong bullish momentum in Nifty Pharma, says Sudeep Shah, bets on these 2 stocks for next week
Sudeep Shah believes the Nifty Pharma index is likely to give the trendline breakout in the next couple of trading sessions.
Technical View: Strong comeback of bulls from support, Nifty eyes October high; Bank Nifty at new closing high
The weekly options data indicated 26,000 as the immediate hurdle for the Nifty 50, with the 25,800-25,700 range as support.
Trading Plan: Will Nifty 50, Bank Nifty defend Thursday’s low on Bihar election results day?
If the Nifty 50 manages to hold above 25,800 (Thursday’s low) in the upcoming sessions, the 26,000–26,100 levels are the ones to watch. However, below this level, 25,700–25,500 remains the immediate key support zone, experts said.
Trade Spotlight: How should you trade Tata Communications, SAIL, Aurobindo Pharma, Samvardhana Motherson, Five-Star, and others on November 14?
The market is expected to remain rangebound until it decisively surpasses the previous day’s high. Below are some short-term trading ideas to consider.
Trade setup for November 14: Top 15 things to know before the opening bells
For a further uptrend toward the 26,100–26,200 zone, the Nifty 50 needs to climb and sustain above 26,000. Until then, consolidation and range-bound trading may be seen, with support at 25,800–25,700, according to experts.
Technical View: Bulls support continues, crossing 26,000 crucial for Nifty to break October high; Bank Nifty hits new record high
The weekly options data indicated that the Nifty 50 is likely to face resistance at 26,000–26,200, with support at 25,800 in the short term.
Trading Plan: Will Nifty 50 march toward 26,000, Bank Nifty reclaim 58,500?
If the Nifty 50 defends the 25,800–25,700 zone, the uptrend toward 26,000 and 26,100 (October high) can continue in the upcoming sessions; however, falling below it can open the door for 25,500, experts said.
Trade Spotlight: How should you trade Adani Ports, HDFC Life, LTIMindtree, CDSL, Welspun Living, and others on November 13?
Crossing the October high is expected to be crucial for further market uptrend. Below are some short-term trading ideas to consider.
Trade setup for November 13: Top 15 things to know before the opening bells
Now, the Nifty 50 needs to reclaim and sustain above 25,900 for a further upward move toward the 26,000–26,100 hurdle. However, 25,700 is expected to act as a support level, according to experts.
Technical View: Momentum turns upbeat, Nifty bulls eye 26,000; Nifty Bank breaks consolidation range on higher side
The weekly options data suggested that the Nifty 50 is likely to trade within the 25,500–26,000 range in the short term.
Trading Plan: Will Nifty decisively surpass 25,800, Bank Nifty reclaim 58,500 amid improving sentiment?
Sustaining above 25,670 zone can drive the Nifty 50 toward 25,800 (the previous week’s high), as above it, 26,000 is the level to watch, while support is placed at 25,500–25,450 in the short term, experts said.
Trade Spotlight: How should you trade Tech Mahindra, Aurobindo Pharma, Garden Reach, Bharat Forge, M&M, and others on November 12?
The market is likely to stay in positive terrain with improving sentiment. Below are some short-term trading ideas to consider.
Trade setup for November 12: Top 15 things to know before the opening bells
If the Nifty 50 sustains above 25,670 level and decisively clears the 25,800 hurdle, 26,000 is the level to watch in the upcoming sessions. However, on the lower side, 25,500–25,450 is expected to act as immediate support, according to experts.
Technical View: Strong recovery drives Nifty back above key hurdles, crossing 25,800 crucial for further upside; Bank Nifty reclaims 58,000
Today's market action indicated strong buying interest at lower levels and a continuation of upside momentum amidst high volatility.
Trading Plan: Can Nifty 50 hold 25,500, Bank Nifty stay above 10-DEMA amid consolidation?
If the Nifty 50 manages to defend the immediate support of 25,500 in the upcoming sessions, a gradual rally toward 25,700–25,800 can’t be ruled out, followed by 26,000 being a key resistance area. However, crucial support is placed at 25,300.
Trade Spotlight: How should you trade Hindustan Zinc, Nippon Life, Union Bank, BHEL, Nykaa, SAIL, and others on November 11?
The market is expected to remain within the previous week’s range. Below are some short-term trading ideas to consider.
Trade setup for November 11: Top 15 things to know before the opening bells
If the Nifty 50 manages to hold 25,500, which acts as immediate support, an upward move toward 25,700–25,800 in the upcoming sessions is possible. However, 25,300 is expected to remain a crucial support level, as a decisive break below it could bring bears back into action, experts said.
Technical View: Nifty 50’s path to 25,800 hinges on crossing Monday’s high; Bank Nifty stays firm above all moving averages
The weekly options data indicated that the Nifty 50 is expected to trade in the 25,400–26,000 range in the short term.
Chartist Talk: Rahul Ghose bullish on Dabur, MCX India; expects Nifty to trade between 25,300 and 25,800 this week
A close above 25,800 could trigger the next leg of the upward move in Nifty 50, said Rahul Ghose.
Trade setup for November 10: Top 15 things to know before the opening bells
Experts suggest that if the Nifty 50 manages to hold 25,300 in the upcoming sessions, a gradual upmove toward 25,650–25,800 and then 26,000 could be possible amid consolidation. On the other hand, a decisive break below this level could drive the index toward 25,000.
Trading Plan: Can Nifty hold strong support at the 50-DEMA, Bank Nifty sustain above key moving averages?
According to experts, if the Nifty 50 decisively breaks the strong 25,300 support (50 DEMA), the 25,000 level can’t be ruled out, but holding above it can raise the possibility of the index moving toward 25,650, followed by 25,800, being key resistance.
Trade Spotlight: How should you trade ICICI Bank, BSE, Chennai Petroleum Corporation, Astral, MCX India, and others on November 10?
The consolidation amid range-bound trading may continue, with Friday’s low likely acting as support. Below are some short-term trading ideas to consider.
Chartist Talk: Sudeep Shah adds to BSE, CCL Products; names two picks for next week, sees strong Nifty support at 25,300
On the higher side, the 25,650–25,700 band will act as an immediate resistance zone for the Nifty 50. A decisive close above 25,700 could reignite bullish momentum, paving the way for an advance towards 26,000 and subsequently 26,300 in the short term, said Sudeep Shah.
