-
Overall, the bearish sentiment may prevail, and any bounce back may face selling pressure. Below are some short-term trading ideas to consider.
-
The upward journey amid rangebound trading is expected to continue if the market defends the previous day's low. Below are some short-term trading ideas to consider.
-
The market may turn positive amid rangebound trading. Below are some short-term trading ideas to consider.
-
The market is expected to consolidate until it gets back above all key moving averages. Below are some trading ideas for the near term.
-
The market may try to rebound on the first day of the December series, but sustainability is the key factor to watch. Below are some trading ideas for the near term.
-
Muhurat Trading Day: The market might rebound after a couple of days of weakness, but sustainability is the key to watch. Below are some trading ideas for the near term.
-
Immediate support for the Nifty 50 is seen at 25,700, with a crucial level at 25,500, while resistance is expected around the 25,900-26,000 range. Here’s a look at the ‘buy on dip’ opportunities and stocks to avoid, according to market experts.
-
HDFC AMC recorded more than 3 percent gains to Rs 3,894.65, which is near the record closing high of Rs 3,903.85 of February 27 this year. The stock has formed bullish candlestick pattern on the daily charts with significantly higher volumes.
-
L&T Technology Services has seen a breakout of long downward sloping resistance trendline adjoining highs of January 4, 2022 (record high), and February 12 this year. The stock has formed long bullish candlestick pattern on the daily charts.
-
Given the current chart structure, short-term volatility is anticipated. The recommendation is to consider buying Nifty 50 near the support zone of 21,550 – 21,500, targeting an upside potential ranging from 22,126 to 22,500 levels.
-
Beyond 21,850, the Nifty could potentially move towards 22,200. Support for the near term is positioned at 21,700.
-
Traders should keep a close eye on key support (21,500) and resistance levels (22,000–22,100) and remain flexible in their trading strategies,
-
Given the strong optimism, the bulls are likely to take the Nifty 50 to the 22,000-22,200 zone in near term with an immediate support at 21,800-21,700 levels, followed by crucial support at 21,500 mark, experts said.
-
Experts feel the central bank seems to be following other central banks and indicating higher rates for longer, but by any chance if the Federal Reserve cuts fed funds rate in first quarter of calendar year, which is 60 percent probability and there is 80 percent probability of cutting in second quarter, then the RBI may also do the same here.
-
There weren’t any surprises in the Governors’ statement. Sometimes no news is good news, which is why markets have reacted with a slightly positive bias, says Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities.
-
RBL Bank has seen a breakout of downward sloping resistance trendline adjoining highs of July 27 and August 30, with above average volumes for yet another session, indicating the possibility of further uptrend.
-
Gujarat Ambuja Exports formed bullish candlestick pattern with long upper shadow on the daily charts. The trading volume was robust, while there was a decisive breakout of long falling resistance trendline, with stock trading above all key moving averages.
-
Selling on rallies might remain a favourable strategy as long as the Nifty50 remains below the 20,000 mark.
-
Titan Company has hit a fresh high while PNB and Asahi Glass have shown strong breakouts. Vidnyan Sawant of GEPL Capital sees the stocks rising further but advises maintaining a stop-loss.
-
ITI formed robust bullish candlestick pattern on the daily timeframe with strong volumes on Wednesday. The stock gained more than 60 percent during the current week.
-
Punjab National Bank traded above all key moving averages, with making higher tops for fifth straight day. The stock gained nearly 4 percent to settle at Rs 52.25, the highest closing level since January 31, 2023, and formed bullish candlestick pattern on the daily charts with above averages volumes.
-
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.
-
Poonawalla Fincorp surged 14 percent to Rs 280.5 and formed big bullish candle on the daily charts, in fact engulfing both previous red candles, with large volumes. The stock has seen a decisive breakout of big horizontal resistance trend line adjoining February 16 and December 23.
-
The selling can be extended in the coming sessions with support at 18,100-18,000 levels, however, on the higher side, the index may face hurdles at 18,500-18,700 levels if it holds these supports
-
Punjab National Bank shares rallied more than 5 percent on November 25 to Rs 53.6, their highest closing since February 14, 2020, and formed a bullish candle on the daily charts
