Chartist Talk: Nifty’s 24,950 support at risk amid fresh US-China trade tensions, warns SBI Securities' Sudeep Shah
While the undertone remains positive, investors should keep an eye on global developments, as renewed tariff tensions between the US and China could inject short-term volatility into the otherwise festive rally, Sudeep Shah advised.
Chartist Talk: Sudeep Shah keeps these two stocks on radar for next week, sees 25,100 as crucial zone for further Nifty rally
The zone of 25,050–25,100 will act as a crucial resistance area for the Nifty 50, as it coincides with the 61.8 percent Fibonacci retracement of the recent decline, said Sudeep Shah of SBI Securities.
Chartist Talk: Four-digit mark likely for this logistics stock, Bank Nifty to hit new highs well before Nifty 50
The support for the Bank Nifty is around 54,800 while next resistance is around 55,800 and 56,500 for the next few sessions, Arun Kumar Mantri said.
Chartist Talk: Close above 25,000 crucial for sustainable rally in Nifty 50, these 2 stocks look overbought now, says Rahul Ghose of Hedged
Overall, the daily and weekly timeframe trend continue to be in a sideways band Nifty 50. There is no clear direction as far as Nifty is concerned, said Rahul Ghose of Hedged.
Chartist Talk: Nifty 50 faces make-or-break 24,500 support, charts flash warning signs
Bharti Airtel and Larsen & Toubro would be my picks for next week, said Milan Vaishnav.
Chartist Talk: Sudeep Shah sees 200 DEMA as crucial support for Nifty, identifies 2 stocks with upside potential
On the technical front, Nifty has broken below key short-term moving averages — the 20-day, 50-day, and 100-day EMAs — all of which have now turned downward, signalling weakness in trend structure, said Sudeep Shah of SBI Securities.
Chartist Talk: Nifty may retest June peak; this aluminium stock could hit record high by September
The June swing high may not sustain, if Nifty fails to have broader participation, said Rahul Ghose.
Chartist Talk: These 2 stocks are the top picks for next week as Nifty eyes breakout toward 25,700
The Nifty 50 index is comfortably trading above its key short-term and long-term moving averages, both of which are beginning to trend upward — a positive sign for the bulls.
Chartist Talk: Milan Vaishnav sees further downside in MCX but picks these 2 stocks for current week
Both stocks trade above their key moving averages and have shown golden crossover before the actual price breakout," he reasoned, Milan Vaishnav said.
Chartist Talk: Sudeep Shah bets on these 2 stocks but sees bearish move in Kfin Technologies, Godrej Properties next week
Looking ahead, the 200-day EMA zone between 24,300 and 24,250 has become a critical support area for the Nifty 50. A sustained move below 24,250 could intensify selling and potentially push the index toward the 24,000 mark, said Sudeep Shah of SBI Securities.
Chartist Talk: Bet on these 2 stocks with worst over for HUL, Maruti Suzuki looks overbought after 18% rally, says Centrum’s Nilesh Jain
Overall, the technical setup appears weak, but with the monthly August expiry approaching, any positive trigger could spark a strong short-covering rally in the Nifty 50, said Centrum’s Nilesh Jain.
Chartist Talk: Sudeep Shah spots overbought signals in these 2 stocks, expects Nifty Auto index to hit record high in September
Given technical confirmations, Nifty Auto is well-positioned to continue its outperformance in the short term, barring any major market-wide disruptions, said Sudeep Shah of SBI Securities.
Chartist Talk: Milan Vaishnav picks these 2 stocks for next week, sees continued strength in Cummins and M&M
Overall, the Nifty 50 remain in the broad trading range with strong under-currents and will eventually move past the crucial resistance zone of 25,000-25,150 in the coming days, says Milan Vaishnav of Gemstone Equity.
Chartist Talk: Sudeep Shah stays cautious despite Nifty rally; bullish on 4 stocks for next week
Current options data and the Put-Call Ratio (PCR) suggest that the market is likely to remain in a short-term consolidation phase, said Sudeep Shah of SBI Securities.
Chartist Talk: Apollo Hospitals still a strong pick, Paytm showing signs of fatigue, says JM Financial's Rahul Sharma
FII futures positioning still shows a heavy concentration of shorts around. Until this data turns more constructive or prices start to form a consistent pattern of higher highs and higher lows, the Nifty 50 is likely to remain anchored near the lower end of the Bollinger Bands, Rahul Sharma of JM Financial said.
Chartist Talk: Nifty needs to break above 24,640 to trap late short sellers for short covering rally to 24,800; buy these 2 stocks, says Ashish Kyal
Short term indicators are showing positive divergence suggesting lack of downside momentum but positive price action awaited in the Nifty 50, said Ashish Kyal of Waves Strategy Advisors.
Chartist Talk: Nifty’s technical setup signals caution, but outlook bullish on these 4 stocks for next week, says Sudeep Shah of SBI Securities
Chart formation signals a lack of conviction among bulls and a clear dominance of bears at higher levels, said Sudeep Shah of SBI Securities.
Chartist Talk: Rahul Ghose sees choppy August for Nifty, expects continued Bank Nifty outperformance
Bank Nifty has now moved below several important moving averages, and recent chart patterns look a bit bearish, but the buy on dips should be the outlook for August, said Rahul Ghose.
Chartist Talk: Sudeep Shah shares 2 buy and 2 sell picks amid market caution; Nifty at risk below 24,400
The 24,400–24,350 zone is expected to act as an immediate support for Nifty. A sustained break below this could further accelerate the downside. On the flip side, the 50-day EMA zone of 24,900–24,950 now stands as a crucial hurdle, and any meaningful recovery would need to clear this zone with conviction, said Sudeep Shah of SBI Securities.
Chartist Talks: Bank Nifty faces fatigue, Nifty may test 24,400–24,600, says Sameet Chavan of Angel One
Trend wise, with a long to medium-term horizon, the market is in a strong uptrend but with the last three weeks' price action, the short-term trend has slightly tilted downwards, said Sameet Chavan of Angel One.
Chartist talk: SBI Securities' Sudeep Shah sees rally continuing in these 5 stocks next week
The 100-day EMA zone of 24,600-24,550 will act as immediate support for the Nifty 50. Any sustainable move below the level of 24,550 will lead to further correction upto the 24,200 level. However, on the upside, the 20-day EMA zone of 25,100-25,150 will be the crucial hurdle for the index, said Sudeep Shah of SBI Securities.
Chartist Talks: These 2 stocks likely to generate significant alpha compared to broader markets
Milan Vaishnav expects Bank Nifty to break 56,000 support. The correct range for Nifty Bank for the coming week would be 57,500 on the higher side where it is likely to find resistance and 55,000 where there is immediate pattern support.
Chartist Talks: FII long-short ratio signals limited Nifty downside, these 3 stocks likely to continue northward journey, says Sudeep Shah of SBI Securities
While the current FII long-short ratio points to a clearly bearish stance by FIIs, the extremely low long-short ratio also suggests that much of the negativity might already be priced in, leaving room for a potential bounce if any positive trigger emerges, said Sudeep Shah of SBI Securities.
Chartist Talks: SBI Sec’s Sudeep Shah bullish on 4 stocks, but signals avoid for telecom stock, sees this bank at overbought zone after 81% rally
Technical signals suggest that downside momentum may be gaining strength in Nifty 50, said Sudeep Shah of SBI Securities.
Chartist Talks: I-Sec’s Dharmesh Shah sees strong Nifty structure despite recent correction; expects index to reach 25,800 in August
I-Sec’s Dharmesh Shah expects volatility to remain elevated amid progression of earnings season coupled with Tariff related development wherein strong support is placed at 24,900-24,800 levels.
