)
Vinay Rajani, a seasoned expert holding the esteemed Chartered Market Technician (CMT) designation, serves as a senior technical and derivative analyst at HDFC Securities. He has more than 16 years of experience in the Financial Markets. Vinay's contributions have significantly impacted the financial landscape, making him a respected name in the industry.
Vinay Rajani, a seasoned expert holding the esteemed Chartered Market Technician (CMT) designation, serves as a senior technical and derivative analyst at HDFC Securities. He has more than 16 years of experience in the Financial Markets. Vinay's contributions have significantly impacted the financial landscape, making him a respected name in the industry.
According to analysts at HDFC Securities, resistance on any rebound remains around the 26,300 mark
A decisive close below 25,838 level could mark a short-term trend reversal for Nifty from bullish to bearish, potentially paving the way for a decline towards the next support near 25,740
Stocks to buy: Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on M&M Finance and Federal Bank
Stocks to buy today, November 6: Nifty has shown follow up selling after forming top two back-to-back indecision candlestick pattern on the weekly chart
Vinay Rajani, senior technical and derivative Analyst at HDFC Securities, recommends 'Buy' on Ujjivan Small Finance Bank and Zensar Technologies
Vinay Rajani of HDFC Securities has recommended buying shares of TD Power and Torrent Power; here's why
Near-term support for the Nifty is now established around 24,900, while the level of 25,220 is expected to offer immediate resistance, HDFC Securities' Vinay Rajani said
Nifty remains in a downtrend as it has been trading below all key moving averages. Supports for the Nifty are seen at 24540 and 24400.
Nifty has now surpassed the previous swing high of 25,154, resulting in higher top formation preceded by higher bottom on the daily chart.
The much-awaited upward momentum for the Nifty index is likely to be confirmed only with a move above 25,000, HDFC Securities' Vinay Rajani said
Nifty failed to surpass the nearest resistance of its 5-day DEMA (24613) on a closing basis. However, the fall from the highs is not a definitive sign that the bullish momentum has completely faded.
If Nifty falls below 24,673, it could be dragged down to the next support level near 24,340. On the upside, 24,900 is expected to offer short-term resistance, said Vinay Rajani of HDFC Securities
Vinay Rajani, senior technical and derivative analyst at HDFC Securities, has recommended buying Groww Nifty India Railways PSU ETF, and Edelweiss BSE Capital Markets & Insurance ETF
The 24340 level, where recent swing lows were registered, continues to be the support for the Nifty. On the upside, today's high of 24702 will now act as a short-term resistance level.
Nifty Metal Index has registered healthy running correction from the recent swing high. In international markets, we have seen bullish breakouts in Iron ore commodity.
The Nifty's close near the day's high resulted in a bullish 'engulfing' candlestick pattern on the daily chart
Stocks to buy: HDFC Securities has recommended Maruti Suzuki and Hindustan Unilever as its two top picks for today
Nifty broke four sessions of losing streak by rising 113 points to close at 25,195. Ujjivan Small Finance Bank and ITC are the breakout stocks to watch
FMCG sector seems to have bottomed out as many largecap FMCG stocks have turned bullish on the short term charts
Nifty remains in a bullish zone, holding firm above key moving averages. Bank of Maharashtra and Maharashtra Seamless are the breakout stocks to watch