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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.
The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.
FIIs are holding 10 short positions in index futures for every long trade; historically Nifty has witnessed a short-covering rally after the ratio dropped to such lows, shows F&O data.
These three rate-sensitive stocks across auto, bank and realty sectors can potentially rally up to 20% in the near-term, suggest technical charts.
Stocks under ₹50: Motherson Sumi, Den Networks, Oswal Greentech, Mirc Electronics and Ambica Agarbathies can potentially zoom up to 46% from here, hint technical charts.
Paytm stock was in focus on Tuesday amid reports of Chinese investor Ant group likely to exit its entire stake via block deal. Tech charts show Paytm looks favourably placed for now.
ITC vs HUL stock: HUL seems technically favourably placed as per the strength shown by the momentum oscillators; the stock also witnessed a 'Golden Crossover' recently, shows the daily chart.
Market Technical outlook: Sensex, Nifty may witness some bounce back as benchmark quote in oversold zone; chart shows major hurdles at 81,900 and 25,325 levels for these indices.
DMart, Larsen & Toubro, Mphasis, General Insurance Company, Godawari Power (GPIL) and New India Assurance (NIACL) across market categories look favourably placed on technical charts.
Foreign investors net sold ₹14,452 crore, and ₹25,831 crore in stock & index futures, respectively in July; however, F&O rollovers hint at likely optimism going ahead.
Titan, Gokaldas Exports, Welspun Living, Goldiam International and Indo Count are likely to decline up to 27% from here, as stocks break below key support levels; show technical charts.
Technical charts show that the bias at the Larsen & Toubro counter is likely to remain positive as long as the stock trades above ₹3,437 levels.
Historically, the combination of narrowing earnings differential, high valuations and prolonged outperformance, Nuvama said, has led to a large period of underperformance for SMIDs (2018-19)
Technical charts show that shares of Bajaj Finance, Bajaj Finserv and Bajaj Electricals from the Bajaj-group companies are likely to trade with a tepid bias in the upcoming trading sessions.
Technical analysis shows that DLF and Sobha are relatively better-placed on charts compared to other realty stocks; here are the key levels to track on these 2 shares.
Technical charts show that the Nifty IT index could decline another 11% from here; while the Pharma index could rally up to 8.5% if it clears the near-term hurdle at 22,815 levels.
TCS on Monday was seen trading below the monthly trend line support for the first time since July 2009 post the TCS layoffs news; Next stop for the stock could be the 100-MMA, hints technical charts.
Mixed Q1 results, the US tariff deadline and significant short bets by FIIs in Nifty futures likely to weigh on the market direction this week; here are the key levels to track.
NMDC, Godrej Agrovet, Amara Raja Energy and Concord Biotech witnessed a breakout on the daily chart in recent trading sessions; here's a likely technical outlook for these 4 stocks.
Technical charts show that defence stocks such as BDL, Mazagon Dock, Cochin Shipyard, ideaForge and GRSE can fall another 18% from here; check support levels each defence shares here.
Technical charts hint at a likely positive bias for Dr Reddy's stock, while a negative outlook for Tata Consumer. Bajaj Housing Finance is likely to remain range-bound.