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The market is expected to remain in consolidation mode until it reclaims all key moving averages. Below are some short-term trading ideas to consider.
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The market may remain consolidative and rangebound until it gives a strong close above all key moving averages. Below are some short-term trading ideas to consider.
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Consolidation is expected to continue in the upcoming sessions, with resistance and support at last week's high-low. Below are some short-term trading ideas to consider.
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Given the favourable technical indicators, the uptrend is likely to continue in the upcoming sessions. Below are some short-term trading ideas to consider.
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The momentum is likely to sustain amid possible range-bound trading. Below are some trading ideas for the near term.
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Jigar Patel advised buying Nifty Futures between 23,500-23,475, with a stop-loss of 23,325, targeting 23,800, ad Nifty Bank Futures between 50,000-50,100, with a stop-loss of 49,700, targeting 50,800.
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While the Nifty 50 may consolidate further, the overall trend remains in favour of the bulls. Below are some trading ideas for the near term.
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Overall, the market trend is expected to remain positive despite occasional consolidation. Here are some trading ideas for the near term.
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The market is likely to consolidate, but the overall trend remains in favour of the bulls. Here are some trading ideas for the near term.
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Experts suggest that the immediate resistance is likely at 24,850 for the Nifty 50, followed by 24,950, while 24,500 is expected to act as crucial support for the current rally. Here are some trading ideas for the near term.
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If the Nifty index manages to close decisively above the 23,500-resistance level, it could signal further bullish momentum, potentially driving the index to reach 24,000 by the end of this week starting from June 18.
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NIfty is expected to test the upper band of this channel, around 23,000 or higher. Consequently, the recommendation remains to buy on dips, at least until the elections
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The market is anticipated to sustain its upward bias in the forthcoming sessions. Here are some trading ideas for the near term.
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The FIIs long-short ratio in index futures, at around 32 percent, suggests an oversold market nearing a potential rebound.
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Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level
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Notably, significant support from Put writers is evident at 19,400, where they have established a substantial position.
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Titan Company has hit a fresh high while PNB and Asahi Glass have shown strong breakouts. Vidnyan Sawant of GEPL Capital sees the stocks rising further but advises maintaining a stop-loss.
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Trent had seen an ‘Impulsive’ upmove in the month of February which was followed by a consolidation phase in last one month. The prices have now given a breakout from this consolidation indicating a continuation of its short term uptrend.
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Oberoi Realty seems to be breaking out from a bullish Inverse Head and Shoulders pattern which emerged following a corrective move. The stock has crossed above the 200-DMA (daily moving average) which stands at Rs 876 and this DMA was almost acting as a proxy neckline for this formation.
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There is a possibility of Nifty may test psychological 18,000 mark followed by 18,200 in coming sessions, with strong support at 17,800-17,650 area, and also if the index surpasses the downward sloping resistance trendline adjoining highs of December 1, 2022 (record high) and January 24, 2023, then more upward move may be on cards, experts said.
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Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
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On the Options front, we have maximum Call Open interest at 19,000 strike, which is Out-Of-Money (OTM) indicating the traders are betting big on 19,000 mark again. Whereas on the Put side, the maximum open interest was at 18,000 strike, suggesting crucial support area for the Nifty in January series
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The primary indicators align with the trend suggesting a continuation in the movement in a comparable period. Hence, Osha Krishan recommends to buy Federal Bank for a target of Rs 148-150.
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The trend seems to be reversing for the IT sector as HCL Tech & Infosys see maximum upgrades in the past one month while HUL and Tata Motors were the top stocks to witness maximum downgrades
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MCX India has witnessed a breakout of a bullish double bottom pattern formation on the longer time frame while on the daily chart; it has given a breakout of a bullish Inverse Head & Shoulder pattern with huge volume.
