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

SAT asks NSE to partially reconsider Emkay flash crash orders

The crash was on October 5, 2012, when a trader had punched an order to sell 1.7 million baskets

Sebi opens office in Bangalore

The local office is located on Residency Road, Bangalore

Markets gain third straight week on growth hopes

Despite the Supreme Court verdict on coal block allocations markets edged higher led by defensives

Mineral royalty highest in India

The overall costs of India's mining sector are also the highest

NCDEX introduces long staple cotton bales futures contract

Exchange will facilitate delivery of 29 mm cotton bales through Comtrack

Back to Top