Hitesh Rathi

Hitesh Rathi of Angel One advocates adopting a strategy where dips in Nifty could be bought into, while rallies towards key resistance zones can be utilised to consider short positions.

Black Box and Adani Ports present attractive technical buying opportunities, while the Nifty remains weak but could see a short-term bounce from key support levels.

The emerging technical structure highlights the need to exercise caution and warrants a clear strategy to avoid venturing into aggressive long trades.

Technical analyst Hitesh Rathi of Angel One has identified KFintech and Affle as two stocks with bullish technical setups and potential upside.

Hitesh Rathi of Angel One has recommended BLS International Services and Paytm stocks to buy today.

The broader technical structure remains confined within the prevailing trading range on the weekly charts, with immediate resistance placed in the 24,500-24,600 zone

Hitesh Rathi of Angel One recommends adopting a buy on dips approach for the Nifty, near key support zones in the benchmark indices

Hitesh Rathi of Angel One recommends adopting a buy on dips approach for the Nifty, with prior resistance zone of 24,180-24,100 now likely to act as an immediate support cluster.

The formation of a 'Doji' candlestick on the Nifty weekly chart reflects indecision between bulls and bears, explains Hitesh Rathi, technical analyst at Angel One.

The Nifty has broken above the recent swing high near the 23,530 mark decisively, indicating a possible reversal in the immediate trend, says Hitesh Rathi, Technical Analyst at Angel One.