In a departure from past trend, analysts believe that Indian IT companies may post a strong performance for the third quarter of FY21 (Q3FY21)
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
The three basic charts are: Line charts, Bar charts, and candlestick charts
Shares of Oil and Natural Gas Corporation (ONGC) rose as much as 4.6 per cent to hit an intra-day high of Rs 99.35 apiece on the BSE, while those of GAIL and BPCL gained up to 3.5 per cent
The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels
If the Nifty PSE Index sustains above 2,800 levels on the closing basis, it may see a rally towards 3,100 levels
Tractor stocks such as M&M and Escorts are indicating a bullish outlook for coming sessions
Edelweiss Securities says that the robust tech up-cycle would benefit firms like HCL Technologies, Infosys, TCS, and Tech Mahindra
According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term
Both indicators have different use in a trading model. It is not easy to follow the price after a leading indicator delivers a trading signal.
A strong close above Rs 770 in M&M may trigger a rally Rs 825 levels
Among the Nifty 500 stocks, nearly 370 stocks are trading on the upper side of the momentum indicators
An upmove above the resistance level of Rs 2,700 may trigger a rally towards Rs 3,000 mark in Jubilant FoodWorks, technical charts suggest
Few pharma stocks are expected to weaken at higher levels.
Major paper stocks have crossed their respective 200-DMA.
Volatility may trigger stop loss and show certain unexpected moves. Such a scenario disrupts trading morale, leaving traders anxious.
For SBI, the immediate closing basis support stays at Rs 260 levels.
Reliance Infrastructure has decisively crossed the 200-day moving average (DMA), as per the daily chart.
A convincing trade in IndiGo above Rs 1,800 levels may see a rally towards Rs 2,200
The S&P BSE Sensex hit a record high on Friday and breached 45,000 mark to hit a high of 45,033.19 in intra-day deals