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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.
Derivatives market update for Sept 04: FIIs continue to hold long bets in index futures in the 5:2 ratio, while DIIs and retail hold shorts in the 3:2 ratio. Three stocks under F&O ban on Wednesday
ICICI Bank stock has gained 31% in the last 9 months, while Zee has crashed 50% thus far in 2024. Both stocks could see a role reversal going ahead provided these levels are taken out, suggest charts.
Derivatives market update for Sept 03: The Nifty September futures premium tumbled from Rs 141 on Friday to Rs 61 on Monday. DIIs added fresh longs in Nifty futures, while FIIs sold.
SJVN, NHPC and RailTel Corp can potentially rally up to 14% from present levels, suggests technical charts. Watch out for these key support and resistance levels going ahead.
Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.
Derivative market update for Monday, Sept 02: FIIs long-short ratio in index futures rose to 2.6:1, implying 5 longs for every 2 shorts. Bandhan Bank, Syngene and Granules India see long buildup.
Market outlook for Sept 02 - 07, 2024: The Nifty seems favourably placed on the short-term chart; but formation of 'Hanging Man' pattern on the monthly chart may be a reason to worry going ahead.
Here are 5 stock ideas for September 2024 based on the 'Buy' signal on the technical momentum indicator - the MACD (Moving Average Convergence-Divergence).
Technical Outlook: RECL, PFC can potentially rally up to 17 per cent from here on; while Birlasoft and LTIMindtree may witness a sharp fall, suggests technical charts.
Derivative market update for Fri, Aug 30: FIIs long-short ratio in index futures (mainly Nifty) rose to 2.3:1, implying nearly 5 long bets for every 2 shorts. Retail traders hold 3 shorts for 2 longs.
Technical ALERT: A 'Death Cross' pattern is seen on the Ashapura Minechem and DCB Bank charts today, August 29.
Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.
Derivative market update for Thursday, August 29: The 10-day Nifty rally is under threat amid weak global cues; Monthly F&O expiry and RIL AGM may add to the market volatility.
Technical Outlook on RIL ahead of Thursday's AGM: Reliance stock can potentially surge to Rs 3,405 on the upside, suggests chart. Key support for the stock stands at Rs 2,975.
Here's a technical outlook on some of the key stocks owned by ace investor Radhakishan Damani.
Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.
SBI Card stock is seen trading above its 200-DMA after one month. Technical chart shows, the stock can potentially rally up 15% from present level; read details here
Trading strategies for overbought stocks: Minda Corp, Allcargo Logistics, Vijaya Diagnostic, CDSL and ICICI Lombard General Insurance are trading in overbought territory with a RSI reading of above 70
Derivative market update for Tuesday, August 27: The Nifty September futures traded at 150-odd points premium, while Bank Nifty at 330 points. Last 3 days for India Cements in F&O segment.
Technical charts suggests that Ramkrishna Forgings, Balkrishna Industries and KIMS can potentially rally up to 16 per cent from present levels; check key support, resistance levels here