The uptrend is expected to strengthen if the frontline indices decisively surpass short- and medium-term moving averages. Below are some short-term trading ideas to consider.
FII futures positioning still shows a heavy concentration of shorts around. Until this data turns more constructive or prices start to form a consistent pattern of higher highs and higher lows, the Nifty 50 is likely to remain anchored near the lower end of the Bollinger Bands, Rahul Sharma of JM Financial said.
Stocks to Watch Today, 6 August: Stocks like National Securities Depository, Sri Lotus Developers, M&B Engineering, Bharti Airtel, Britannia Industries, Lupin, Prestige Estates Projects, EIH, Gland Pharma, and HG Infra Engineering will be in focus on August 5.
Along with the Q4 results, the company also announced a final dividend of Rs 1.5 per equity share for the financial year 2025
Stocks to Watch, 21 May: Stocks like Gland Pharma, Dixon Technologies, KPR Mills, IRCON International, Nazara Technologies, Edelweiss Financial Services, Protean eGov Technologies, Axiscades Technologies, Accretion Pharmaceuticals, NHPC, United Spirits, Aster DM Healthcare, and Gujarat State Fertilizers & Chemicals will be in focus on May 21.
The market might rebound in the upcoming sessions after a correction in the previous week, but there are doubts over the sustainability of the upmove. Below are some trading ideas for the near term.
The consolidation is likely to continue until the benchmark indices decisively break the tight range of the past four days on either side. Below are some trading ideas for the near term.
Aditya Birla Money, CRISIL, Kolte-Patil Developers, Welspun Corp, EIH, Aditya Birla Fashion and Retail, Oberoi Realty, Tata Elxsi, UltraTech Cement, and Cochin Shipyard will also be in focus on October 17.
At present, the company has seven projects that are in the pipeline which are under construction or about to start construction, out of those three are company-owned properties, three are owned by its subsidiaries or associates and managed by EIH, and one is on a management contract.
EIH Share Price | The Oberoi, Goa, will be a Luxury Resort with 90 rooms and suites and to be operational from October 1, 2027
IHCL has strong inventory addition plans and can also tap inorganic opportunities for growth
The phase of consolidation may last as long as the index trades below the 21,000 mark, with immediate support at 20,850 and crucial support at the 20,500-20,300 levels, but if the index decisively closes above 21,000, then 21,500 could be the possibility
Vinay Rajani of HDFC Securities expects markets to perform well in the coming times and dips should be utilised to go long as far as positional trades and investments are concerned.