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The market is expected to remain in consolidation mode until it reclaims all key moving averages. Below are some short-term trading ideas to consider.
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The upward journey amid rangebound trading is expected to continue if the market defends the previous day's low. Below are some short-term trading ideas to consider.
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The consolidation is expected to continue until the frontline indices decisively surpass their recent swing highs. Below are some short-term trading ideas to consider.
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The key indices are likely to consolidate and remain range-bound in the upcoming sessions. Below are some trading ideas for the near term.
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The market could see some consolidation and profit booking in the upcoming sessions, though the overall trend remains positive. Below are some trading ideas for the near term.
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The trend is expected to remain favourable for bears, but some rebound can't be ruled out, considering the significant fall in the past few days. Below are some trading ideas for the near term.
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The index is likely to trade within the 24,000-24,500 range. Breaking the upper range may take it towards 24,800, and below 24,000, the 23,700 level is the one to watch. Here are some trading ideas for the near term.
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On the lower side, 22,350-22,300 is the immediate key support for Nifty and as long as this holds, the chances of consolidation with positive is seen.
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the Nifty may face hurdles at 22,250-22,300 and, if this level is broken decisively, then a record high can't be ruled out. On the downside, it the index breaches the 22,000 level, then 21,900 is going to be next support level and then 21,700, the low of the last week
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Indiabulls Real Estate saw a healthy breakout of downward sloping resistance trendline. The stock has formed strong bullish candlestick pattern on the daily scale and traded above all key moving averages.
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JK Paper returned to the high of May month, rising 4.4 percent to Rs 380 and formed long bullish candlestick pattern on the daily scale with strong volumes for yet another session.
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GMR Airports has maintained a level above Rs 34 consistently since early October 2021, indicating significant strength despite a market correction.
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KPR Mill, which has shown a bullish trend since March 2020, has recently undergone a correction but has not fallen below the 38.20 percent Fibonacci retracement level of the previous upward movement. This suggests a positive sentiment and potential for further upward movement.
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KPIT Technologies surged 9 percent to Rs 847 on the NSE and formed robust bullish candle on the daily charts with healthy trading volumes. The stock has recouped most of its losses seen since March 3, with trading above all key moving averages (9, 21, 50, 100 and 200-day EMA).
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Looking at the ratio charts of Persistent against the Nifty IT index, we can spot the stock since mid-2019 has most of the time outperformed the benchmark. Persistent in the latest week has given a breakout from the double bottom pattern, indicating beginning of the trend to the upside.
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The structural reforms announced by the FM were hailed by experts and they said that the reforms are the long-term positives.
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Mitesh Thakkar of miteshthakkar.com suggests selling Bajaj Finserv with a stop loss of Rs 9450 for target of Rs 9240 and Container Corp with a stop loss of Rs 526 for target of Rs 495.
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Sudarshan Sukhani of s2analytics.com recommends buying Larsen & Toubro with stop loss of Rs 1315 and target of Rs 1367 and TCS with stop loss of Rs 2150 and target of Rs 2275.
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On the back of this improved performance and technical structure we are recommending a buy for short to medium term, says Sumit Bilgaiyan of Equity99.
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Here is the list of top 17 stocks that can give up to 99% return.
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HUL, GMR Infra and telecom, among others, are being tracked by investors on Monday.
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Sandeep Wagle of powermywealth.com is of the view that one can buy GMR Infra and Adani Ports.
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Ashwani Gujral of ashwanigujral.com recommends buying GMR Infra with a stop loss of Rs 20, target of Rs 27 and sell Capital First with a stop loss of Rs 860, target of Rs 800.
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Ruchit Jain of Angel Broking advises buying PG Electroplast with a target of Rs 490.
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Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge with a target at Rs 738-743.
