Stocks to Watch, 9 January: Stocks like Elecon Engineering Company, Bajaj Finserv, Bharat Forge, Astra Microwave Products, Waaree Renewable Technologies, Andhra Cements, Rail Vikas Nigam, Devyani International, Bharat Electronics, Bharat Heavy Electricals, Power Grid Corporation of India, and Highway Infrastructure will be in focus on January 9.
The market is expected to continue consolidating within last Friday's trading range. Below are some short-term trading ideas to consider.
The market may extend its rally if it decisively clears the previous week’s high in the upcoming sessions. Below are some short-term trading ideas to consider.
Overall, the market is likely to remain positive as long as it sustains above all key moving averages. Below are some trading ideas for the near term.
If Nifty slips below its 20-DMA of 19,600, it might indicate a correction towards 19,300-18,888 levels.