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The consolidation with a negative bias is expected to persist in the upcoming sessions. Below are some short-term trading ideas to consider.
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The frontline indices are expected to continue trading within the previous week's range. Below are some short-term trading ideas to consider.
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Momentum is expected to drive the rally further in the equity markets. Below are some short-term trading ideas to consider.
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The market is likely to continue trading in a range within last Thursday’s high and low. Below are some short-term trading ideas to consider.
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Volatility is likely to remain high, and consolidation is expected to continue until the index closes the bearish gap of April 7. Below are some trading ideas for the near term.
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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 remain consolidative with a negative bias. Below are some trading ideas for the near term.
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The consolidation is expected to continue in Nifty 50, although the bulls remain in control. Below are some trading ideas for the near term.
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Experts suggest that unless Nifty 50 decisively climbs and sustains above 24,400—where the highest Call open interest is placed—the consolidation may continue, with support at the 24,000 mark. Here are some trading ideas for the near term.
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Going ahead to the current week starting from April 1, close attention will be paid to the all-time high levels above 22,500, as hesitation was evident at these levels.
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For the Nifty, support is at 21,900-21,850 and, below this, the bears will have a wider room to run riot. The index may face resistance at 22,200-22,300. A decisive close above the zone can take it to record highs, say experts.
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ICICI Prudential Life has maintained its position above both the 12-week and 26-week exponential moving averages (EMA), further consolidating the bullish trend.
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Axis Bank traded above all key moving averages and is very close to its downward sloping resistance trendline adjoining highs of December 13, 2023 and January 8, 2024, which is crucial for further upward move towards record high.
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As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
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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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Triveni Turbine also saw a breakout of downward sloping resistance trendline and formed long bullish candlestick pattern with upper and lower shadows on the daily charts.
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The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said
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Hindustan Petroleum Corporation was one of the star performers, rising over 6 percent to Rs 244.5, the highest closing level since January 25 this year and formed robust bullish candle on the daily timeframe, with strong volumes. The stock traded well above all key moving averages (9, 21, 50, 100 and 200-day EMA - exponential moving average).
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On the weekly chart of United Breweries, we can observe that prices have shown a bounce on the upside since June 2022 while taking support from the bullish trend line which the prices are respecting since October 2020.
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The momentum could get concentrated to fewer stocks and sectors and hence, traders need to be very selective in stock picking for trading, expert advises
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Federal Bank, ICICI Pru Life Insurance, Oberoi Realty among the stocks. With the Sensex and the Nifty reversing losses after the RBI decision, experts say the Nifty’s next stop could be 17,800. Banking and financial services, FMCG, IT, metal and pharma stocks supported the market.
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We feel that the Nifty is in bounce back mode. If the Nifty sustains above 16,610 levels then it will move towards 16,800 in the coming days, said Vidnyan Sawant of GEPL Capital
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Occurrence of a ‘Bullish Hammer’ on weekly scale near the confluence zone of a multi support area of its 200 week EMA reconfirm the strength of its ongoing channel support zone in Zensar Technologies. Trend strength indicator RSI too exhibits a positive crossover along with a likely trend break
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Volatility is expected to remain high as India VIX remains above the 20 mark
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After completing bullish ABCD Harmonic pattern near Rs 1,700 levels, Balkrishna Industries has continuously shown the strength and has taken an anchor support near its 100 – week exponential moving average on the weekly time frame.
