As the markets brace for the Brexit vote, due later in the day today, here's a look at what the technical charts indicate for the related Indian stocks -
Here's a look at the sectoral indices that may have an impact if the RBI goes for a rate cut.
On Friday, the S&P BSE Sensex dropped 96 points, or 0.27 per cent to close at 36,009 while the Nifty50 index fell 26 points or 0.25 per cent to end at 10,794.
The current market scenario indicates that soon benchmark indices Nifty50 and BSE Sensex will witness crossover of three moving averages (in a closer distance) - 50-day moving average (DMA), 100-DMA.
Currently, the 100-DMA is witnessing resistance as the price could not procure follow-up buying.
The Nifty50 index has risen 8.30 per cent to 10,860 and Sensex has gained 8.74 per cent to 36,200 from their November lows of 10,004 and 33,291, respectively
Bandhan Bank on Monday agreed to acquire housing finance firm Gruh Finance through a share swap deal
HDIL gained 10 per cent while Indiabulls Real Estate climbed 5.60 per cent. DLF and Godrej Properties soared around over 4.50 per cent each.
The resistance for Nifty50 is located at 10,985 - its previous high, as per the daily chart
The Nifty Bank has corrected 1.85 per cent from its recent high of 27,430 in the last four trading sessions.
Dena Bank is down 18 per cent, while Vijaya Bank is trading 7 per cent lower. On the other hand, shares of Bank of Baroda rose 2 per cent.
A Golden Crossover occurs when the short-term average crosses/moves above the long-term moving average.
Here's a look at the two indices that, according to technical charts, are likely to perform in the new year -
Nifty Auto index gained over 3 per cent in intra-day trade on Wednesday, outperforming the benchmark Nifty50 that moved up around 1.3 per cent to 10,685 in intra-day trade.
Here are three stocks among the Nifty50 index that appear to be oversold as per technical charts
The S&P BSE Sensex recovered over 200 points after slipping over 500 points to hit an intra-day low of 34,426.29
Here are a few stocks that can head down over the next few sessions as per their technical chart patterns
As per the technical chart patterns, the recent low of 35,266 (S&P BSE Sensex) and 10,588 (Nifty50) are strong support levels