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Rangebound trading is expected to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
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The market is expected to continue consolidating within last Friday's trading range. Below are some short-term trading ideas to consider.
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The market is expected to consolidate until it gets back above all key moving averages. Below are some trading ideas for the near term.
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Given the confluence of support levels from the 200DEMA and the Bullish Crab pattern, National Aluminium is poised for a potential bullish resurgence.
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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 extend its upward move amid consolidation in the upcoming session, but the "sell on rally" strategy remains valid due to the overall bearish sentiment. Below are some trading ideas for the near term.
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The bearish sentiment is expected to continue, as the market traded well below all key moving averages (10-20-50-100 EMAs). Below are some trading ideas for the near term.
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The consolidation and rangebound movement are expected to continue, given that volatility has risen to over an 11-week high. Below are some trading ideas for the near term.
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The market is anticipated to sustain its upward bias in the forthcoming sessions. Here are some trading ideas for the near term.
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Experts advise traders to remain light from here on as the market is now approaching the final phases of the election.
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BHEL has seen a consolidation breakout and there was a gap up opening, though the volume was lower than average. The stock formed bullish candlestick pattern on the daily charts.
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Jamna Auto Industries ended at new closing high and formed long bullish candlestick pattern on the daily charts. The stock traded way above all key moving averages, which is a positive sign.
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NALCO formed bullish candlestick pattern on the daily charts, with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA - exponential moving average), which is a positive sign.
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The Nifty 50 index has now expanded its trading range, with an upper boundary around 21,800 to 22,000, while support is observed in the range of 21,700 to 21,600.
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Technically, the Nifty seems to be looking strong now. Hence, 19,600-19,700 is expected to be key resistance area initially for the Nifty50 followed by 19,800-19,900 levels
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NALCO has given a consolidation breakout on the daily chart, suggesting a rise in optimism. Besides, the rally was backed by a rise in volume. The stock has sustained above the critical moving averages on the daily chart.
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National Aluminium Company shares rose 5.6 percent to Rs 82.65, the highest closing level since January 31 and formed robust bullish candlestick pattern on the daily charts with above average volumes. The stock made higher highs higher lows formation for second consecutive session, with getting back above all key moving averages.
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NALCO was the second biggest gainer in the futures & options segment, rising 6.5 percent to Rs 78.85 and formed strong bullish candle with healthy volumes. It has seen a breakout of horizontal resistance trend line adjoining November 16 and December 22 this year.
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Throughout this year, Finolex Cables has been sulking as we witnessed nearly 50 percent retracement of the previous up move to test the Rs 350 mark. Fortunately, the corrective phase ended there and after a brief consolidation, the stock prices started moving upwards.
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Commodities will be the biggest gainers and as long as the geopolitical heat continues, it will be the dominating market theme, Axis Securities said.
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Indiabulls Real Estate appears to have registered a Harami kind of candlestick formation, on daily charts, hinting that trend for near term might be shifting in favour of bulls.
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For the week, the immediate resistance is placed around 17,900–18,000. Any move outside the range would trigger some momentum in major indices, says Sameet Chavan of Angel One
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Sameet Chavan of Angel One says Traders should trade with a positive bias as long as the index remains above 17,000–16,800
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Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today.
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The lower high lower and low formation will be neglected only above 17,600 levels till then, this can be considered as a short-term pullback
