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Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Rex Harrison Cano, part of Business Standard's online markets team, has over 25 years of experience, primarily in business journalism, tracking and analysing the Indian stock market. An avid market enthusiast and an expert technical analyst, Rex believes that charts and numbers come to life to tell stories of past and possible future journeys.
Technical charts suggest that microcap stocks such as Cyient DLM, Sansera Engineering, AMI Organics, Aarti Pharmalabs and Medplus Health Services can potentially rally up to 23% from present levels.
TCS is seen testing its 20-month moving average for the first time in 21 months, a monthly close below the same shall open the doors for a slide towards Rs 3,170 levels; suggests technical chart.
Technical charts show that key momentum oscillators on charts of- Indian Metals, Chennai Petroleum, Zuari Industries, 20 Microns and Prakash Pipes - from Dolly Khanna portfolio hint at a relief rally.
Technical chart suggests that the Nifty Auto, IT and Pharma indices can potentially fall up to 22% from present levels if these key support levels are broken.
Technical chart shows that Bandhan Bank stock is likely to trade with a bearish bias as long as the stock remains below Rs 132.80; A counter rally can lead to 28% upside; check key levels here
The Nifty Realty index has plunged 29% from its peak, and is seen testing support at its 100-WMA for the first time since April 2023. Here are the key support levels to watch out for.
The smallcap meltdown continues, raising concerns of a full-blown capitulation
Shares of Aegis Logistics, JK Lakshmic Cement, Mastek, Deepak Fertlisers and Karur Vysya Bank are looking weak on the technical charts; hence may witness a downward trend in the near-term.
The BSE Sensex has near key support at 75,150, below which a dip towards 74,400 seems likely. Technical chart shows the Nifty 50 index seems headed towards the 20-month moving average.
Analysts at Elara Capital analysed market breadth cycles in India stock markets in the last few years and highlighted the worrying points that are developing for the first time in five years.
Technical charts of Polycab India, Voltas, KEI Industries and Lodha show the formation of a bearish pattern, namely 'Death Cross' on the daily scale; hence these stocks may see further downside.
L&T share price outlook: L&T is trading below the 20-MMA, and now testing support at 100-WMA. Chart also shows formation of 'Death Cross'; trade below this key moving average can trigger a fresh fall.
Analysts expect the markets to remain volatile in the immediate short-term in the backdrop of tepid corporate earnings, Rupee movement and Donald Trump's tariff threats.
Technical charts show that the key momentum oscillators on Oil India and Campus Activewear are turning favourable, hence the stock may trade with a positive bias in the near-term.
FIIs were net sellers in index futures for the fourth straight day yesterday. Open positions in Bank Nifty rose by nearly 12% amid the market fall. Here's what experts have to say.
Technical chart suggest that Muthoot Finance, Manappuram Finance and IIFL may witness some downward pressure in the near-term, and dip up to 17%; check key levels to track here.
Foreign institutional investors open interest in Nifty futures has increased by 4.8% since the start of February series, while the total OI in Nifty Feb futures dipped by 1.1%; shows NSE F&O data.
Technical chart shows key resistance for the stock at Rs 61.70; break and sustained trade above the same can trigger a sharp rally at the MTNL counter.
Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.
Solar Industries, NCC, Phoenix Mills, Page Industries and Trent stock futures witnessed short build-up in recent days, shows NSE derivative data. Manappuram Finance in F&O ban on Monday.