Stocks like Chambal Fertilisers and Chemicals, Gujarat Gas, Hindalco Industries,India Pesticides, Kirloskar Ferrous Industries, Kansai Nerolac Paints, Sonata Software, Blue Star, Usha Martin, and Endurance Technologies will also be in focus on November 7.
The partnership between Rain Industries' subsidiary and Canada's Northern Graphite aims to develop advanced battery anode material (BAM) for lithium-ion batteries utilized in electric vehicles.
GTPL Hathway, Sonata Software, JM Financial, Indian Railway Finance Corporation, Zee Entertainment Enterprises, Star Health and Allied Insurance Company, and Craftsman Automation will be in focus on October 8.
The joint agreement will develop advanced battery anode material (BAM), used in lithium-ion batteries used in electric vehicles.
The Nifty 50 may consolidate before showing the next leg of the upmove towards a new high. Below are some trading ideas for the near term.
One can add longs in HDFC Bank in the zone of Rs 1,400-1,425 for upside target of Rs 1,500 and stop-loss would be placed near Rs 1,368 on daily close basis.
Looking ahead to the current week for Nifty, it's crucial for traders to closely monitor the 21,500 level, which is identified as a significant support level.
Based on the data, we don't anticipate any major cracks in the market. However, if there is a significant cut, the markets may not be able to sustain at the lower levels.
NALCO formed bullish candlestick pattern on the daily charts, with strong volumes. The stock traded well above all key moving averages (20, 50, 100 and 200-day EMA - exponential moving average), which is a positive sign.
Expert anticipates a strong rebound in the Nifty Bank index during the February 2024 derivative series if the 45,000–44,000 support holds.
Balkrishna Industries has seen a breakout of long horizontal resistance trendline adjoining highs of September 23, 2021 and January 11, 2024. The stock formed strong bullish candlestick pattern on the daily timeframe with healthy volumes.