Jatin Gedia
Jatin Gedia
The daily momentum indicator has a positive crossover; however, failure to hold the crucial support zone of 22850-22820 is a concern.
Nifty outlook today: Jatin Gedia of Teji Mandi Investment said that if the Nifty surpasses the immediate hurdle at 22,800, it could trigger a short-covering rally towards 23,000-23,150.
Nifty's near-term trend remains positive as an inverted head-and-shoulders pattern points to a possible move towards 23,000-23,080.
On the broader market outlook, Jatin Gedia of Teji Mandi expects the Nifty to consolidate within 22,500-22,800 band for now.
The Nifty closed in the green above the falling channel on Wednesday indicating signs of a trend reversal, says Jatin Gedia of Teji Mandi. The analyst is bullish on Indus Towers and South Indian Bank.
Nifty 50's crucial support is at the 23,000 - 23,100 zone. A breach below this could lead to a continuation of the downtrend towards 22,600 - 22,500 zone.
Jatin Gedia of Teji Mandi has said that he sees range-bound price action between 23,800 and 24,100 in Nifty from a short-term perspective.
Jatin Gedia expects Nifty to resume its uptrend towards 24,492, while maintaining a bullish view on Bank Nifty.
Trading stocks today: Jatin Gedia of Teji Mandi Investment Technologies has recommended buying BHEL and Aarti Industries shares today.
Jatin Gedia of Teji Mandi recommends Tata Capital, PVR Inox, and SAIL as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
Only a breach below 24,000 will weaken the structure; otherwise, intraday dips toward the support zone of 24,150-24,180 should be used as a buying opportunity, said Jatin Gedia.
Jatin Gedia of Teji Mandi reckons that the Nifty, Bank Nifty have slipped back into the correction zone; he recommends buy on Oil India and Exide Industries.
Market outlook: Nifty and Bank Nifty are likely to remain rangebound until a decisive breakout on either side, says Jatin Gedia, VP - Technical Research at Teji Mandi Investment Technologies.
Market outlook: Nifty, Bank Nifty likely to extend gains, says Jatin Gedia of Teji Mandi. The analyst recommends buy on AU Bank, Exide Industries and Ramco Cements.
Trading strategy, stock picks today: Jatin Gedia of Teji Mandi Investment Technologies decodes key levels to track on Nifty, Bank Nifty; and 3 stocks to buy basis on technical charts.
Stocks to buy today: Jatin Gedia of Teji Mandi Investment has recommended buying the shares of Nestle India, and Voltas.
Stocks to buy today: Jatin Gedia of Teji Mandi Investment has recommended three stocks to buy today - J&K Bank, DMart and Jindal SAW.
Technical picks: Jatin Gedia of Teji Mandi Investment Technologies suggests buying ACC, GMR Airports, South Indian Bank; here's why
Stocks to buy today: Jatin Gedia of Teji Mandi Investment Technologies suggests buying the shares of 360 One Wam, Indusind Bank, and Bajaj Finserv
Stocks to buy today: Jatin Gedia of Teji Mandi Investment Technologies suggests buying NTPC Green, Balrampur Chini and trent; check target