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Buying momentum is expected to strengthen further if the frontline indices sustain above the 20-day EMA in the upcoming sessions. Below are some short-term trading ideas to consider.
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The consolidation phase is likely to continue until the index shows a strong and sustainable close above short-term moving averages. Below are some short-term trading ideas to consider.
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The market is expected to remain directionless in the upcoming sessions. Below are some short-term trading ideas to consider.
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Immediate support for the Nifty 50 is seen at 25,700, with a crucial level at 25,500, while resistance is expected around the 25,900-26,000 range. Here’s a look at the ‘buy on dip’ opportunities and stocks to avoid, according to market experts.
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The market is likely to maintain its upward rally, albeit with consolidation and volatility in the coming sessions. Here are some trading ideas for the near term.
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The Nifty is anticipated to find long-term support at 21,700 followed by 21,600 levels.
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The sacrosanct support for Nifty 50 is 21,500 for the upcoming week. On the flip side, 21,900-22,000 zone remains a daunting task for the bulls, followed by the sturdy hurdle of 22,100.
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Steel Authority of India has seen nice consolidation breakout and formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.
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The immediate resistance on the upside for Nifty50 is identified at 19,100, and a breakout above this level may trigger short-covering moves toward the 19,250-19,300 range.
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Flag Pattern Breakout is expected on the daily chart on Zensar Technologies. The stock price has witnessed healthy correction after sharp upswing. IT Sector has also reached oversold zone on short term charts.
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IOC has broken out on the weekly chart from the downward sloping trendline adjoining the highs of April 22, 2022 and December 16, 2022. Trend of the stock is positive as stock price is trading above its important moving averages.
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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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Production and consumption of petroleum products has increased steadily in India over the decades, a trend that’s expected to continue.
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Sanjeev Hota of Sharekhan by BNP Paribas feels there could be further positive earnings surprise in store for Q4FY21.
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Early signs of trend reversal will come on a close below the previous two day's low standing around 13,400.
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PSU stocks have had a most forgettable year in 2020, with the Nifty PSE index declining about 30 percent since January. 2020.
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After showing up-move from the lows recently, the Nifty struggled to sustain the gains on September 14 and closed the day lower by 24 points amid high volatility.
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Motilal Oswal reiterated IOC as its top pick, with a target price of Rs 168, valuing the company at 1.2x FY22 PBV.
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Nifty is having a strong demand zone in a range of 11200-11100 which has acted as base earlier and there is a possibility that it can hold current fall and it can bounce back towards 11500.
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Experts are positive on the market in the medium to long term, especially after recent government measures
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The Abqaiq and Khurais oil processing plants have capacities of 7 million barrels per day (mbpd) and 1 mbpd, respectively
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Top upgrades for FY20E includes names like UPL, State Bank of India, Tata Motors and Tata Steel have seen EPS upgrades of 32.4 percent, 23.3 percent, and 9.3 percent respectively.
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We expect volatility to remain high this week too due to scheduled derivatives expiry on Thursday.
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On the higher side, any decisive move above 11,850 in Nifty can add further follow up buying into the index.
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Kotak believes it is safer to avoid downstream PSUs (BPCL, HPCL and IOCL) in the near term, as current valuations ignore potential risks
