The Nifty has retested resistance at the 24,500 mark after two days of recovery, and sustaining this level could lead to a further rise toward 24,800
Markets remained volatile and ended slightly lower, taking a breather after Tuesday's decline
The markets continued their downward trend, losing nearly half a percent as part of the ongoing correction.
Havells witnessed a sharp rally after a breakout from multi-month consolidation phase. However, in line with market corrective phase, the stock retraced towards the neckline of its previous breakout
NTPC is displaying a strong uptrend, characterised by a steady pattern of higher highs and higher lows.
We are seeing noticeable traction in the FMCG counters and ITC is trading in sync with the move. It has formed a buying pivot, after registering a breakout from bullish continuation pattern.
The pharma sector is showing notable resilience, with Biocon taking the lead. The stock has broken out from a bullish rectangle pattern, accompanied by a strong surge in volumes
PFC has registered a decisive breakout from the intermediate falling resistance trendline with strong volumes.
Nifty may pause around 24,850 before moving towards the 25,000 level. In the event of a dip, we expect the index to find support in the 24,450-24,600 zone
We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.
Markets experienced a breather after the recent decline, gaining over a percent, driven by strong global cues.
Market reactions to the US Fed meeting outcome will be evident in early trades on Thursday. Indications suggest that the current market tone will persist.
The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, the Nifty fluctuated within a narrow range, eventually closing at 24,413.50.
Markets fluctuated sharply within a range and ended up losing nearly half a percent, wiping out the gains from Tuesday's session
Pharma index has rebounded from the key support zone and LUPIN is offering fresh buying opportunity with favorable risk to reward
Markets edged higher as expected, gaining over half a percent. After a flat start, the Nifty gradually climbed throughout the session and closed near the day's high at 23,868.80
Banking stocks are witnessing decent traction and IDFC First Bank has witnessed a fresh breakout. It had been trading in a corrective phase for over 8 months
Pharma sector has witnessed a fresh breakout from the consolidation to record high levels and Sun Pharma is offering a fresh buying opportunity
Defensives are seeing strong activity, with pharma also performing well. Cipla, in particular, has achieved a fresh breakout from its consolidation range, reaching a new high
Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes