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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 RBI interest rate decision may provide direction to the market in the upcoming session. Below are some short-term trading ideas to consider.
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Overall, the trend remains positive, though some profit booking and consolidation in the upcoming sessions can't be ruled out after the robust gains of the previous session. Below are some short-term trading ideas to consider.
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Maruti Suzuki India ended at new closing high and formed bullish candlestick pattern on the daily timeframe with above average volumes. The stock remained above all key moving averages since last week.
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Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
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The Nifty has just broken out from the flag pattern, and may further accelerate towards 22,118 levels. As long as it is above 21,580, buying on dips can be a prudent strategy.
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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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The support for Nifty50 lies at 20,850, below which the market may witness a healthy correction in the short term.
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Sterlite Technologies exhibited a strong breakout on the daily chart, accompanied by a significant surge in trading volumes.
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Info Edge tanked more than 9 percent to Rs 3,464, the lowest closing level since May 25, 2022, and formed robust bearish candle on the daily charts with long lower shadow indicating some buying at lower levels, with significantly high volumes. It fell below all short term and long term moving averages.
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Technical indicators are giving positive signals as Info Edge is trading above the 20 and 50 days SMA and there also recently a positive moving average crossover as the 20 days SMA moved above the 50 days SMA.
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Traders with existing position should continue to ride the trend in AIA Engineering while any declines in the stock towards the supports should be used as a buying opportunity.
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Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today.
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The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
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Trade Spotlight | Here's what Malay Thakkar of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today
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The Nifty 50 extended its gains over the past four weeks to 7.5 percent, which indicates a positive momentum. If the uptrend persists, a record high can’t be ruled out in the coming days, experts said.
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Here's what Vikas Jain of Reliance Securities, recommends investors should do with these stocks when the market resumes trading today.
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Here's what Ruchit Jain of Angel Broking, recommends investors should do with these stocks when the market resumes trading today:
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The market is likely to remain in the bullish territory as long as Nifty is holding above 15,500.
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Call writers were seen adding hefty open interest at 14,500, 14,600 and 14,700 strikes which should act as a major hurdle for Nifty and will cap any sharp upside.
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The benchmark index bounced from 10,800 to current levels of 11,300 where daily Ichimoku Kijun is placed which can act as a hurdle on an immediate basis.
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As far as levels are concerned, 11,700-11,750 remains an immediate hurdle which coincides with a multi-month upward sloping trendline.
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These stocks may take off once the runway is clear, says the brokerage.
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Due to the COVID-19 pandemic, most large and mid-cap stocks have corrected significantly. They are expected to remain volatile unless the issue of coronavirus comes under control.
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After trading in a range of 12,270-12,180 odd levels during the five sessions, Nifty has seen a breakdown from the range, indicating the resumption of correction.
