Business Standard

Web Exclusive: Technical trends for select index stocks

Check out the technical trends in select mid-cap stocks with Ranak Merchant, Technical Analyst (Strategies) at Sushil Finance

Related News

Check out the technical trends in select mid-cap stocks such as Infosys, ITC, Cipla, Bharti Airtel and NTPC with Ranak Merchant, Technical Analyst (Strategies) at Sushil Finance

Smartinvestor : ITC is among the top Sensex gainers today. The stock has corrected from Rs 305-306 levels. Is the stock likely to resume its uptrend and what are the near term targets for the stock?

Ranak Merchant : ITC appears to have found some support near 278 post the corrective fall. 289 is a likely resistance for the stock, the level being an important average. With index in consolidation FMCG may attract interest in the extreme short term, but a runaway move not expected in the counter.

Smartinvestor : Software major which has been range bound between Rs2,300 and 2,375 is witnessing correction after recent gains ahead of its third quarter earnings later this week. What are the near term supports for the stock?

Ranak Merchant : Infy has gained the reputation of being an extreme volatile stock on results day. The upward bounce of the stock from lows of near 2250 are experiencing exhaution near 2445 levels, thus marking it as a broader range for the stock. Supports continue to be near the 2200-2250 mark.

 

For detailed transcript please CLICK HERE

Read more on:   
|
|

Read More

Today's picks

Nifty, Bank Nifty, Reliance Industries, DLF & Wipro

Quick Links

 

Market News

Order against 17 entities for unfair practices

The Securities and Exchange Board of India (Sebi) on Tuesday passed an order against 17 entities in a case of market manipulation. The regulator ...

Comexes' Aug turnover at 5-yr low

CTT, low participation and weak trading sentiment seen as main reasons for falling volumes in this period

Futures market sees hope in forward trades

Experts say there is a need for amendments to the Forward Contracts Regulation Act to empower FMC and pave the way for introducing option and ...

FTIL to exit exchange business

To focus on technology; company rules out possibility of removing Jignesh Shah

MCX trying to get nod for contracts for next year

At Multi Commodity Exchange (MCX)'s 12th annual general meeting (AGM) on Tuesday, the company said its management was making all efforts to sign ...

Back to Top