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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 outlook on Bharti Airtel: The stock is seen testing support at 20-WMA and 100-DMA; break of the same can trigger another 11 per cent dip towards the 200-DMA, suggests chart.
F&O cues for Nov 05: However, as long as the Nifty holds above 23,890, a potential pullback could drive it towards 24,200 - 24,300 levels, says analyst at Asit C. Mehta.
Charts suggest that the Sensex could slide down to 72,000 levels, in the worst-case scenario, wiping out all the gains made thus far in calendar year 2024 (CY24).
Nuvama Alternative & Quantitative Research in its early predictions on AMFI semi-annual categorization expects RVNL, Polycab India and 5 other stocks to be upgraded to large-caps.
F&O cues for Nov 04: The NSE F&O data shows that FIIs hold more than 3 short bets in index futures for every bullish position. Retail hold 2 longs for every short.
These 7 Nifty 50 stocks are seen trading with an RSI below 30; stocks trading in an oversold zone need not necessarily bounce back immediately. Here are the key levels to watch out for.
F&O cues for Oct 31: The NSE Nifty 50 index is seen consolidating in the 24,100 - 24,500 range for the last few trading sessions.
The Nifty MidCap index has gained 3% from its recent low in the last three days. Amid this these 8 stocks have seen key momentum oscillators turn favourable on the daily chart.
F&O cues for Oct 30: Nifty options reveals a neutral sentiment with Call and Put activity nearing parity, and the PCR rising to 0.93, said Dhupesh Dhameja of SAMCO Securities.
Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research.
5 stock ideas for Samvat 2081: ICICI Bank, ITC, Macrotech Developers, Varun Beverages and Thyrocare Technologies can rally up to 54%, suggests technical charts.
F&O cues for Oct 29: Analysts expect the Nifty to extend gains in case of sustained trade above 24,500 levels; key support on the downside seen at 24,100.
After surging up to 25% in Samvat 2080; the Sensex and the Nifty have cooled-off a bit in the last one month. Here's a technical outlook on the benchmarks and sectoral indices for Samvat 2081.
F&O cues for Oct 28: Both FIIs and Proprietary traders hold near about 2 bearish bets in index futures for every bullish trade. In contrast, retail investors hold the opposite position.
IndusInd Bank on Friday logged its biggest intra-day fall since March 2020; technically the stock has given a fresh downside breakout on multiple time-frames.
Eris Lifesciences, BLS International and Five-Star Business are the other 3 smallcap stocks that look favourably placed on the technical charts in an otherwise weak market.
F&O cues for Oct 25: The PCR data suggests 'max pain' for Nifty at 24,450 and for Bank Nifty at 51,700, said Dhupesh Dhameja of SAMCO Securities.
If the Nifty is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels, charts suggest.
F&O cues for Oct 24: The 24,378 level is a crucial short-term support; in case the Nifty holds above this, it might pull back towards the 24,600 - 24,700, said Hrishikesh Yedve in a note.
A weekly close below 24,400 shall indicate a significant change in the medium-term trend to bearish, with a risk of sustained fall to near about 23,000 levels on the Nifty 50 index; suggest chart.