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Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and a proficient technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Technical charts indicate that Bajaj Finance and Bajaj Finserv are threatening to trigger a sell call; post which these stocks can decline up to 11 per cent from present levels.
The NSE F&O data shows that domestic institutional investors offloaded over 36,000 contracts of index futures in the last 8 days, while the Nifty 50 index rose nearly 4 per cent.
A total of 11 pharma and healthcare-related stocks have rallied more than 20% thus far in April on hopes of a likely softer tariff-related stance by the US President Donald Trump.
The Nifty Oil & Gas index is approaching its 200-DMA after a gap of six months, breakout can lead the index to 12,450 levels; suggests technical charts. Here are 3 oil & gas stocks poised for a rally.
The BSE derivatives data suggests that the Sensex may face resistance around 80,450 - 80,550, while seek support around 79,850 - 79,700 levels on the monthly expiry day on Tuesday.
These 3 midcap stocks, across sectors, have witnessed a positive breakout on different key parameters, show technical charts.
RIL stock has gained 8% in the last 2 months, after a 4-month consolidation around its key trend line support - a key technical indicator the stock has been holding above since the last 11 years.
In the week ahead, Sensex is likely to swing between 78,200 to 80,230 range. Nifty may test 23,400 on the downside, and can potentially rally to 24,800 on the upside; suggests technical charts.
Technical chart suggests that near-term bias for SBI Life is likely to remain upbeat as long as the stock trades above ₹1,663 levels; check target price, key resistance levels here
Data from NSE shows that retail investors have turned net bearish in index futures for the first time in six months; while DIIs remain the most bullish among market participants.
HUL, Nestle and Tata Consumer stocks are seen trading on a divergent note after reporting Q4 earnings; technical charts suggest these stocks can potentially rally up to 15% from present levels.
Shares of Voltas and Havells India seem to be favourably placed on the technical charts; while Blue Star and Whirlpool look weak; check target price and key levels here
From down 8%, to up over 3% - the NSE Nifty 50 index seems poised to end higher for the 11th time in the last 13 April months; also a relatively shorter F&O series in terms of trading sessions.
Adani Power was seen testing resistance at its 200-DMA after more than six months. The stock needs to break above ₹610 for a likely fresh upside rally, suggests the technical chart.
Technical charts suggest that smallcap stocks such as Balrampur Chini, Alok Industries, 360 One Wam, Elgi Equipments and Godawari Power are poised to gain in the near-term; check key levels here.
Technical chart shows that Muthoot Finance and Manappuram Finance have retraced from their record highs levels with select momentum oscillators hinting towards a likely consolidation ahead.
The National Stock Exchange (NSE) had launched the Nifty50 index on this date in 1996, just two years after the exchange started its operations
Shares of SBI and Axis Bank can potentially rally to new life-time highs, suggests technical charts. Bank of Baroda stock too can jump another 14% from present levels; here are the key levels to track
Aurobindo Pharma, IPCA Labs, Oil India, Mazagon Dock and GIC RE are the 5 midcap stocks that can potentially surge up to 24% from present levels, suggests technical charts.
Technical charts suggest that the Nifty MidCap 150 index may succeed in conquering the long-term moving average; while the SmallCap index faces a tougher challenge.