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The uptrend is expected to strengthen if the frontline indices decisively surpass short- and medium-term moving averages. Below are some short-term trading ideas to consider.
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The market may retain its gradual upward trajectory, given healthy technical indicators. Below are some short-term trading ideas to consider.
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The consolidation is expected to continue, with benchmark indices likely finding support at the 50-day EMA. Below are some short-term trading ideas to consider.
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The frontline indices are expected to see further consolidation in upcoming sessions before potentially entering a new leg of the uptrend. Below are some short-term trading ideas to consider.
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The market may attempt to continue its upward journey amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
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Market sentiment is expected to remain positive. Below are some short-term trading ideas to consider.
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The market may see some consolidation before gaining further strength toward the 20-day EMA. Below are some trading ideas for the near term.
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The upward journey may continue if the bulls gain further strength in the upcoming sessions. Below are some trading ideas for the near term.
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The market may attempt to rebound amid consolidation, but it seems unsustainable given the overall negative sentiment.
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The market may climb further amid consolidation, but it is unlikely to break Monday's low soon. Below are some trading ideas for the near term.
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Given the weak sentiment, the market may extend its downward journey in the upcoming sessions. Below are some trading ideas for the near term.
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Given the weak sentiment, the Nifty 50 is expected to sustain its downtrend in the upcoming sessions. Below are some trading ideas for the near term.
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A further northward journey is likely to be seen in the Nifty 50, though it may be accompanied by consolidation. 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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According to experts, the Nifty 50 is likely to march towards the 24,300-24,500 zone if it manages to hold above 24,100 in the coming sessions. However, breaking below 24,100 could drag it down towards the 24,000-23,900 zone. Here are some trading ideas for the near term.
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IndusInd Bank smartly defended its 200-day EMA (exponential moving average) many a times in the recent past. The stock has seen a breakout of downward sloping resistance trendline and climbed 3.5 percent to Rs 1,526.65.
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Jindal Steel & Power formed strong bullish candlestick pattern on the daily timeframe with healthy volumes. The stock remained above all key moving averages which is a positive sign.
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The market seems to have entered into consolidation mode with hurdle on the higher side at 21,593, the record high, and the support for the Nifty 50 on the lower side at 21,200-21,000 levels.
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The 18,350-18,400 levels are expected to act as a strong support zone and if held in the forthcoming week, the Nifty will start moving towards 19,000 levels, according to experts
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Britannia Industries has formed a Bullish Harami pattern on the daily chart, suggesting a rise in optimism. Furthermore, the price has remained above the 50EMA on daily basis.
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On the Options front, we have maximum Call Open interest at 19,000 strike, which is Out-Of-Money (OTM) indicating the traders are betting big on 19,000 mark again. Whereas on the Put side, the maximum open interest was at 18,000 strike, suggesting crucial support area for the Nifty in January series
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Jindal Steel & Power shares rallied 4 percent to Rs 535.75, the highest closing level since April 29 this year, and formed bullish Engulfing kind of pattern on the daily charts with strong volumes. The stock has seen a breakout of long downward sloping resistance trend line adjoining April 11 and November 23 this year.
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Jindal Steel & Power gained 3.6 percent at Rs 418.2, continuing uptrend for the third consecutive session, while Mazagon Dock Shipbuilders rallied 7.7 percent to end at record closing high of Rs 461.85, forming a bullish candlestick pattern on daily charts.
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Given the subdued environment, the index may touch its August lows of around 17,150 and if that gets broken, then falling below psychological 17,000 mark can't be ruled out in coming sessions, with hurdle on the upside at 17,700-17,800 levels
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Given the expiry week, there could be volatility with also focus on global cues. If the index fails to sustain Friday's low of 17,710 then we can see further selling pressure, experts said.
