Except Bombay Dyeing and Manufacturing Company, all other Group stocks are seeing downside pressure
With a "Higher High, Higher low" formation, the stock of Pricol has gradually risen to higher levels recently.
Automobile and financial stocks dominate the list of companies where analysts have scaled back their earnings estimates for FY22
Till the Tata Steel stock defends the closing basis support of Rs 1,050-mark, the upside bias may see a rally toward uncharted territory of Rs 1,200 to Rs 1,270 levels
The RBI has announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
The basic philosophy of CCI is based on the assumption that commodities, stocks and bonds trade in a cycle with a peak and a trough arrived at on a periodic basis.
Major metal stocks are not witnessing any selling pressure despite trading in the overbought category of RSI
A firm breakout above this level may see an upside towards Rs 2,200 levels
Since 2010, the S&P BSE Sensex has given a positive return on six occasions in May, data show. In May 2014, it surged 8 per cent - the biggest percentage-wise gain in May in the last decade
One can expect up to 7 per cent gain in NBFC stocks if the positive momentum is held decisively
The OMC stocks needs to cross and sustain crucial supports to gain on follow-up momentum.
Nifty Bank is expected to rally over 5 per cent once 34,350 is conquered and held on a closing basis, technical charts suggest
Upon crossing the immediate resistance, Axis Bank's stock may see a rally towards Rs 750 and Rs 765-mark
Sastasundar Ventures can see a jump of over 20 per cent if crucial levels are held, charts suggest.
All the three insurance stocks are successfully holding the support of 200-DMA and may see upside of over 5 per cent in the near-term
This pattern indicates a negative sentiment in the stock which, if met with follow-up selling, can aggravate the negative sentiment further
The next support for the Nifty Bank index is at 30,000. Any breach of the same may result in a bearish trend towards 28,000-mark
The market needs to see follow-up buying to break above crucial resistance levels
If the Nifty FMCG index manages to sustain above the 35,000-levels, it is expected to see a fresh breakout toward 36,200 to 36,400 levels