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The market may remain consolidative with rangebound trading until the August high is decisively broken. Below are some short-term trading ideas to consider.
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The market is expected to consolidate as long as it trades below all key moving averages. Below are some trading ideas for the near term.
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The market may attempt a rebound amid likely consolidation; however, the overall sentiment remains bearish. Below are some trading ideas for the near term.
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The benchmark indices are expected to consolidate in the upcoming sessions and look for fresh triggers. Below are some trading ideas for the near term.
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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 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.
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The Nifty 50 is likely to remain rangebound, though the overall trend remains positive. Below are some trading ideas for the near term.
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The Nifty 50 is likely to continue its upward journey, with the possibility of some consolidation. Below are some trading ideas for the near term.
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With the fresh breakout, the current momentum could push the Nifty 50 toward 26,000 or higher. Despite this, Patel remains cautious on the long side, as several warning signs have emerged.
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Siemens ended at new closing high of Rs 5,768, and formed long bullish candlestick pattern on the daily timeframe, while the trading volumes in last three sessions remained healthy.
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The hourly chart reveals ongoing strength in both MACD (moving average convergence divergence) and RSI (relative strength index) indicators, hinting at sustained positive momentum.
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Here's what experts recommend investors should do with these stocks when the market resumes trading on Budget day.
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Steel Authority of India has extended uptrend for fourth consecutive session with strong volumes. The stock formed long bullish candlestick pattern on the daily scale, while trading above all key moving averages.
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Siemens retreated sharply after recent consolidation and record high, falling nearly 4 percent to Rs 3,132. The stock has seen formation of big bearish candlestick pattern on the daily charts, after Doji pattern formation in previous session, but still maintained short term and long term key moving averages.
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The next support is placed at 200-day SMA of 17,368, which coincides with Budget day's low, as breaking this may drag the Nifty towards 17,000 level, whereas the near-term resistance is expected at 17,600 followed by 17,700-17,800
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Glenmark Pharma is on the verge of a breakout from a long consolidation period. The stock has also witnessed a fresh, built-up position in the F&O space.
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NTPC has witnessed a breakout of triangle pattern formation to resume its classical uptrend after a long consolidation phase. It is respecting its 200-DMA, which is currently placed at Rs 160 level.
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TVS Motor Company prices are nearing an all-time high, which demonstrates the strong upward momentum of the stock. The stock in the latest week has given a breakout from the downward slopping channel which suggest a reversal and a continuation of prior uptrend.
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In the truncated week beginning today, the index may march towards its last week's high of 18,178, followed by 18,350 (the high of 2022). If the index manages to sustain these levels, then a record high of 18,604 can't be ruled out with strong support at 18,000-17,900 levels
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One should avoid trading aggressively till the time market stabilises from this turbulence, Sameet Chavan of Angel One advises
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Varun Beverages is witnessing a breakout of Bullish Flag formation to resume its classical uptrend. It is respecting its 20-DMA placed at Rs 735
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The recent low of 15,671 is not far from the current levels now and the moment we slide below it, it will create a panic kind of situation in the market. Below this, 15,350-15,200 are the next levels to watch out for, says Sameet Chavan of Angel One
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Here's what Mehul Kothari of Anand Rathi Shares and Stock Brokers, recommends investors should do with these stocks when the market resumes trading today.
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For upcoming sessions, markets are expected to trade with a positive bias, and on higher side, now any decisive move beyond 18,050 levels could add further buying momentum into Nifty50 index, says Shitij Gandhi of SMC Global.
