RSI calculates strength of stock trend and helps to predict their reversals.
Supports are gradually shifting higher and now till the time, it holds above 12,050 level, we may see ongoing optimism towards 12,200 then 12,250 zones
Traders with high risk appetite can continue to remain short on the Nifty, with a stop placed above 11,950 on closing basis, and look for initial targets close to 11,700 levels, says Mazhar Mohammad of Chartviewindia.in.
In the domestic markets, the level of 38,300 on MCX should hold, and investors should look at buying gold on dips for a target of 38,500, suggest experts
Price target is the future value of the security provided by the analyst on the basis of which investors take a decision on whether to buy or sell the stock.
The earning results for Q1FY20 is likely to provide relative opportunity to take exposure in quality companies for long-term portfolio
With Nifty trading near the 50-day SMA, there is a possibility of a bounce back
Major support for Bank Nifty at 30000-30200
We advise to trade with strict stop loss going forward and book profits on every rise.
Nifty is showing strength and concluding the session with the gains of a few points
Auto sector is showing some weakness.
The trend for Nifty and Bank Nifty continues to be positive.
The upside momentum is likely to accelerate in the coming week once the Nifty crosses the 50-day SMA.
Personal finance expert, Rohit Shah will give you an insight on when is it the right time to book profits and accumulate profit.
If the market remains below the 10,350-10,400 level, weakness could continue towards support of 10,200 and major swing low of 10,131, says Chandan Taparia.
In the wake of range-bound trade, the Nifty index failed to sustain above 10,500 after touching a high of 10,710 levels. It slipped from important support levels to touch a week's low of 10,294.
Nifty Bank may see some correction with 24,900-25,000 being the psychological support zone.
The correction in stock prices presents an opportunity for investors.
Swati Hotkar, technical research analyst at Nirmal Bang Securities says, going ahead, the depreciation in the rupee, the movement in crude oil prices and the US-China trade war will weigh on the market in near-term.
Nifty could continue to slip, and in the medium term may give up 10,800 levels. Prefer Biocon as a bet in pharma, and ONGC from the oil and gas space.
In our latest episode of Buy or Sell, experts provide suggestions on what should be your next move.
Short-term traders should stay light as volatility is expected to remain high.
Rajesh Satpute, Associate Director - Research at LFS Broking believes the Nifty is drifting towards 11,500 levels triggered by selling pressure below the crucial support of 11,600.
The latest analysis and commentary by stock market guru Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakka, Rajat Bose, Prakash Diwan and Chandan Taparia on what is moving the markets today. Check out their top stock recommendations.
