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

Nifty ends above 8,500 first time ever; Infosys leads

IT, banks and metal scrips among the top gainers for the day

Markets end at record closing highs; Nifty breaches 8,500

The Sensex hit a fresh record high of 28,541.96 and the Nifty hit an all-time high of 8,534.65 in intra-day trades

TV Today Network surges over 10% on huge volumes

At 1515 hours, a combined 3.88 million shares representing 6.51% of total equity of TV Today Network changed hands on NSE and BSE.

Market rally sees 50% stocks double since August 2013

About 422 shares of 820 companies from the BSE-500, Mid-cap and Small-cap indices have rallied more than 100%.

Gold premiums fall in absence of fresh import curbs

Higher supplies due to imports in Sept, Oct also hurt

Back to Top