-
The consolidation is expected to continue as long as the frontline indices trade below the 50-day EMA. Below are some short-term trading ideas to consider.
-
The market is expected to remain rangebound and consolidative in the upcoming sessions. Below are some short-term trading ideas to consider.
-
Given the prevailing negative sentiment, the trend in benchmark indices is expected to favour bears in the upcoming sessions. Below are some trading ideas for the near term.
-
Experts see less chance of a major correction, with the Nifty likely to take support in the 24,200-24,000 zone, whereas 24,800-25,000 may act as a resistance area. Here are some trading ideas for the near term.
-
Linde India formed strong bullish candlestick pattern on the daily charts with significantly higher volumes. The stock traded above all key moving averages and continued higher highs, higher lows formation for yet another session.
-
Given the formation of a bullish candlestick pattern for the second straight week, and staying above the downward sloping resistance trendline, the Nifty50 may sustain the upward bias amid consolidation and any dips would be a buying opportunity
-
If the Nifty50 decisively holds 19,500 as well as moved above the falling resistance trendline, then the index can start marching towards the high of October at 19,850
-
The short to medium term trend of the Nifty index looks corrective till 19,234 followed by 18,887 levels.
-
Dixon Technologies jumped over 5 percent to Rs 3,878.75, the highest closing level since January 3, 2023, and formed long bullish candlestick pattern on the daily scale with above average volumes. Largely, the stock has seen healthy uptrend in the second half of May.
-
LTIMindtree has experienced a double bottom breakout, which is a bullish signal indicating a potential upward movement in price. Additionally, it has been able to sustain above its near-term 21-day exponential moving average (21EMA), further strengthening the positive outlook.
-
Persistent Systems has been one of the most resilient names as the IT index has been going through turmoil for almost 18 months. The stock has staged a breakout from ‘Cup and Handle’ pattern and is expected to head towards Rs 5,600-5,700
-
On daily time frame prices after consolidation, the Bollinger band has started to expand where prices on July 18 had closed above upper Bollinger band. This tells that the volatility of L&T Infotech is rising on the upside.
-
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
-
PI Industries has seen a gradual recovery and prices are riding above the 20-DEMA. On April 12, it saw better-than-average volumes along with an upmove hence, the short-term view remains bullish
-
Traders can look to trade with a positive bias and buy Reliance Industries in the range of Rs 2,460-2,450 for a potential target of Rs 2,600 in the near term. One should place a stop-loss below Rs 2,380 on long positions
-
On long-term charts, PI Industries is moving in a rational uptrend. In the recent correction, the stock formed a double bottom at Rs 2,350 and gave a breakout with rising volumes.
-
Any sustainable move above 17,600 levels may cause an upside momentum towards 17,700-17,800 levels, says Rajesh Palviya of Axis Securities.
-
Opportunities will be manifold over the next five years, thanks to an increase in outsourcing and divestment in the developed world due to rising cost pressure, better availability of feedstock, and import substitution, say analysts. They also present a list of stock recommendations.
-
The final/official list of large, mid and small-caps will be released by AMFI by the first week of January 2021, which will be effective for the February-to-July 2021 period.
-
YES Bank, Adani Enterprises, PI Industries, Hind Aeronautics and Jubilant FoodWorks are the stocks that have a high probability of being included in the largecap category from the midcap category.
-
In October itself, the benchmark indices gained around 4 percent, taking total gains to over 55 percent from March lows. The Nifty Midcap index, too, gained 55 percent while the Nifty Smallcap surged 75 percent.
-
Given the gradual unlocking of India, sectors which had left aside in previous rally have started participating in the current run up. Hence brokerage houses also initiated coverage with a buy call on several stocks.
-
The surge in coronavirus infections, an acrimonious buildup to US elections and geopolitical reasons will keep volatility high that can act as a spoilsport, say experts.
-
"Long term investors should not get carried away by such instant short term outperformance and can have exposure upto 20-25 percent in few promising quality mid & small cap stocks," Prashanth Tapse said.
-
The Indian chemicals sector has built up world-class capabilities over the past few years and been moving up the value chain at a rapid pace.
