SmartInvestor : Markets have been trading range bound since early trades today. What is your call on the Nifty for the near term? What are the key levels to watch out for and what is your advice to traders?
Mudit Goyal : Technically, Nifty has retraced more than 50% of Fibonacci retracement level of recent downside from 6350 to 5940 levels and continued to trade above the same. On the upper side, rally can extend upto 6265-6280 levels in coming days whereas 6120-6095 can act as good support for near term.
SmartInvestor : Titan has been in an uptrend from early February. Is the uptrend in the stock intact and what is the medium term outlook on the stock?
Mudit Goyal : Titan Industries was forming Inverted Head and Shoulder pattern on daily charts and gave the breakout of same in early trade. As per the technical pattern, chart suggests that stock has to give decent upside move up to 260-265 levels in coming sessions.
For detailed transcript please CLICK HERE
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%