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Vinay Rajani, who holds a 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. Rajani's contributions have significantly impacted the financial landscape, making him a well-regarded name in the industry.
Vinay Rajani, who holds a 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. Rajani's contributions have significantly impacted the financial landscape, making him a well-regarded name in the industry.
Nifty is expected to continue its uptrend and longs should be held on a trailing stop loss basis
Nifty is expected to surpass the intraday all-time high of 16,702
The markets are expected to remain range-bound and choppy unless the range of 15,550-15,950 is taken out on the either side in Nifty
Hero MotoCorp's stock has broken down below the last six week's price consolidation
The stock of Federal Bank has broken out from a downward sloping trend-line on the daily chart.
Bajaj Finance's stock price has broken out from symmetrical triangle on the daily charts, and rising volumes have confirmed the breakout
Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support
The stock price of Indian Hotels has broken out from its three-week-long consolidation
On June 3, Oberoi Realty's stock surpassed the crucial double top resistance of 630 on a closing basis
Momentum indicators are in favour of bulls
The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
Below 14,416, Nifty could slide towards next support of 14,150
On Tuesday, the stock of SBI has given breakout from the downward sloping trend line
The sustained level below 14,190 could drag Nifty towards 13,600-odd levels
Longs should be protected with the stoploss of 14,275 in Nifty
It is better to take stock-specific approach as the Nifty index is likely to remain choppy. Midcap and Smallcap Indices are expected to outperform
Support for the Nifty is seen at 14,500 and with that as a stop loss, traders should remain bullish
The trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue
Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed
Short-term resistance for the Nifty is seen at 15,470-odd levels