-
The trend is expected to remain in favour of the bulls, despite intermittent profit booking in the upcoming sessions. Below are some short-term trading ideas to consider.
-
The momentum is expected to sustain in the upcoming session, though some profit booking at higher levels cannot be ruled out. Below are some short-term trading ideas to consider.
-
The market decisively needs to break the trading range of the May 15 session to establish a firm direction. Below are some short-term trading ideas to consider.
-
The market is expected to be range-bound in the upcoming session. Below are some trading ideas for the near term.
-
The market may see some consolidation after the sharp run-up in the past three days. Below are some trading ideas for the near term.
-
After the significant weakness over the last four days, the market may see consolidative and rangebound trading with a slightly negative bias. Below are some trading ideas for the near term:
-
The rangebound trade is expected to continue in the upcoming session, though the overall trend remains positive. Below are some trading ideas for the near term.
-
The positive momentum in the market is likely to continue in the upcoming session, but bulls need to be cautious given the higher volatility. Below are some trading ideas for the near term.
-
The market may consolidate until decisively climbing above short-term moving averages in the upcoming sessions. Below are some trading ideas for the near term.
-
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.
-
Ashok Leyland recorded healthy gains for yet another session and formed strong bullish candlestick pattern on the daily charts with above-average volumes.
-
Trent has continued higher highs, higher lows formation for second consecutive session, after Bullish Engulfing candlestick pattern formation, which is bullish reversal pattern, on August 8, followed by continuity in strong uptrend for next two sessions with robust volumes.
-
Tata Communications shares rallied 8 percent to end at record closing high of Rs 1,598, surpassing previous all-time high on January 17, 2022. The stock has formed robust bullish candlestick pattern on the daily charts with significantly higher volumes.
-
Trent has recently seen some buying traction and hovers well above all its major EMAs (exponential moving averages) on the daily chart, adding to a bullish quotient.
-
Alkem Laboratories shares also rose 3 percent to Rs 3,396, the highest closing level since April 21 last year and formed long bullish candle on the daily scale with healthy volumes, continuing uptrend for fifth consecutive session.
-
Trent had seen an ‘Impulsive’ upmove in the month of February which was followed by a consolidation phase in last one month. The prices have now given a breakout from this consolidation indicating a continuation of its short term uptrend.
-
Nifty stands at the strong polarity support of 16,800 – 16,750 levels, failing to hold which the index is likely to see a further correction towards 16,450 – 16,400 zones
-
In coming sessions, 17,700-17,800 levels (5 and 21 EMA) are expected to be next resistance area for the index and if the said levels get passed then psychological 18,000 mark which coincides with 20-day SMA is likely to be a crucial hurdle, with the support at 17,400-17,255 area
-
Karur Vysya Bank shares rallied 6 percent to Rs 104, the highest closing level since February 12, 2018 and formed strong bullish candle on the daily charts with healthy volumes.
-
If the Nifty50 holds current levels and surpasses 17,200-17,300 in coming sessions, then 17,500 can be a possible target with crucial support at 17,000 followed by 16,800-16,750 levels
-
Axis Securities recommends buy on Maruti Suzuki, Bajaj Finance and SBI Cards & Payment Services which can give 10-15 percent return in a span of 6-9 months.
-
Bharat Electronics has recently consolidated within a range which seems to be a time-wise correction within an uptrend. The consolidation has led to the formation of a ‘Symmetrical Triangle’ pattern on the daily chart and prices have given a breakout from the pattern
-
The level of 16,172, gap resistance formed on June 13, will act as immediate resistance. If the index sustains above this level, it may move higher to 16,580
-
The RSI indicator plotted on the daily charts is forming higher top higher bottom and sustaining above 55 mark indicating positive momentum of Tata Power Company
-
On short term time frame, momentum indicators indicate Trent is in to overbought zone and high chances of quick short term price correction is not ruled out if it trading below Rs 1,200.
