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.
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.
Given the weak sentiment, the Nifty 50 is expected to sustain its downtrend in the upcoming sessions. Below are some trading ideas for the near term.
Eicher Motors, SML Isuzu, MOIL, Hindustan Petroleum Corporation, NHPC, NBCC India, Wipro, Biocon, HDFC Asset Management Company, DCM Shriram, and Insecticides India will also be in focus on September 2.
The consolidation is expected to continue in Nifty 50, although the bulls remain in control. Below are some trading ideas for the near term.
The Nifty 50 may march towards 24,500 if it holds 24,200, with support at 24,000. Here are some trading ideas for the near term.
The proposed development will be part of an integrated township, offering a variety of residential unit configurations. The project is strategically situated on the Pune-Solapur Highway.
Century Textiles, Suraj Estate Developers, Wipro, IFGL Refractories, Capacite Infraprojects, MOIL, Adani Power, Bharat Forge, 3i Infotech, and Jaiprakash Associates will also be in focus on Tuesday.
Birla Estates sold out phase 1 of Birla Trimaya within 36 hours of the launch, booking sales of 556 units. The aggregate booking amount was Rs 500 crore
“The property has been developed in a joint-venture with MS Ramaiah Realty on a prime 52-acre land parcel in North Bengaluru,” the company said.
The trend is definitely positive, but considering the one-way rally of last several sessions, the possibility of some profit taking can't be ruled out in near term before we are getting into next leg of upmove, experts said.
The momentum indicator RSI has sustained above the 65 level on all the time frames like daily, weekly and monthly indicating strong positive momentum of the index.
The entire stake sale by Omars in CSB Bank was worth Rs 105.9 crore.
The benchmark Nifty is likely to march towards 19,300-19,500 levels in coming days, as long as it holds the 19,000 mark, which is an immediate support, then 18,800 levels, experts said