In technical parlance, the Golden Cross occurs when a short-term 50-DMA crosses above the long-term 200-DMA on any indices or stocks.
During all the corrective pullbacks since 26th December 2016 in the ongoing uptrend, the index has not declined by more than 200 points. Recent fall was limited to 191 points.
Traders are advised to take fresh positions on the Nifty on a retracement towards 9,160.
In an interview to CNBC-TV18's Mangalam Maloo and Reema Tendulkar, Rahul Shah of Motilal Oswal and Pritesh Mehta of IIFL, shared their readings and outlook on market and specific stocks.
Watch the interview of Ashwani Gujral, fund manager of ashwanigujral.com and Pritesh Mehta, Head-Technical Research at IIFL with Reema Tendulkar & Mangalam Maloo on CNBC-TV18.
Watch the interview of Ashwani Gujral of ashwanigujral.com & Pritesh Mehta of IIFL with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.
In an interview to CNBC-TV18's Reema Tendulkar & Nigel D'Souza, Pritesh Mehta, Head-Technicals Research at IIFL shared his readings and outlook on market and specific stocks and Rakesh Bansal of VP, RK Global gave his outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
Pritesh Mehta of IIFL suggests buying Hero Motocorp with a target of Rs 2950.
Pritesh Mehta of IIFL is of the view that one may buy Hindustan Unilever with a target of Rs 895.
In an interview to CNBC-TV18's Mangalam Maloo and Ekta Batra, Ashwani Gujral of ashwanigujral.com and Pritesh Mehta of IIFL, shared their readings and outlook on market and specific stocks.
In an interview to CNBC-TV18's Reema Tendulkar & Mangalam Maloo, Pritesh Mehta of IIFL shared his readings and outlook on market and specific stocks and Gaurav Bissa of LKP Securities gave his outlook on Futures and Options (F&O) side of the market, specific stocks and sectors.
Watch the interview of Pritesh Mehta, IIFL and Gaurav Bissa, LKP Securities with Mangalam Maloo and Reema Tendulkar on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.
Pritesh Mehta, Head - Technicals Research at IIFL is of the view that one can buy Jubilant Foodworks and Aurobindo Pharma and advises selling Colgate Palmolive.
Watch the interview of Pritesh Mehta, Head - Technicals Research, IIFL and Gaurav Bissa, Derivatives Analyst LKP Securities with and Mangalam Maloo and Reema Tendulkar on CNBC-TV18, in which they shared their readings and outlook on market and specific stocks.
Watch the interview of Pritesh Mehta of IIFL and Gaurav Bissa of LKP Securities with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which they shared their reading and outlook on market technicals and Futures and Options (F&O) side of the market respectively as well as specific stocks and sectors.
Watch the interview of Pritesh Mehta of IIFL and Aditya Agarwal of way2wealth Securities with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which they shared their reading and outlook on market and specific stocks.
Watch the interview of Pritesh Mehta, Head - Technicals Research at IIFL and Gaurav Bissa of LKP Securities with Reema Tendulkar & Ekta Batra on CNBC-TV18, in which they shared their reading and outlook on market technicals and Futures and Options (F&O) side of the market respectively as well as specific stocks and sectors.
Watch the interview of Pritesh Mehta of IIFL and Gaurav Bissa of LKP Securities with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which they shared their reading and outlook on market technicals and Futures and Options (F&O) side of the market respectively as well as specific stocks and sectors.
Watch the interview of Pritesh Mehta of IIFL and Rahul Shah of Motilal Oswal with Reema Tendulkar & Mangalam Maloo on CNBC-TV18, in which they shared their reading and outlook on market technicals and Futures and Options (F&O) side of the market respectively as well as specific stocks and sectors.
Watch the interview of Pritesh Mehta, Head - Technical Research, IIFL and Vishal Malkan, malkansview.com with Reema Tendulkar & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Gaurav Bissa of LKP Securities advises selling Tata Motors with a target of Rs 395.
Market expert, Ambareesh Baliga believes that market is in a tight range and unless there is some positive news like the pass through of goods and services tax (GST) in the winter session of the parliament, it is unlikely to breakout.
Simi Bhaumik of simibhaumik.com suggests buying Tata Steel with a target of Rs 242-246.
Watch the interview of Pritesh Mehta of IIFL and Gaurav Bissa of LKP Securities with Ekta Batra & Mangalam Maloo on CNBC-TV18, in which they shared their reading and outlook on technicals and Futures and Options (F&O) side of the market respectively as well as specific stocks and sectors.