)
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.
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
The Nifty50 has recovered more than 62 per cent of the entire fall which was registered from 14,653 to 14,222
The stock price of Cadila Healthcare has broken out from the consolidation which held for last three weeks
Immediate resistance for the Nifty is seen at 14,890
Support for the Nifty index has shifted to 13,950 levels
Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438
As far as support is concerned, 13,145 is a crucial level to watch out for
Trading longs should have stoploss at 11,700 in Nifty
Nifty is forming a symmetrical triangle with "shortall" in place on the daily chart, which indicates that the chances of bullish breakout is higher than the bearish breakout
Previous top on the daily charts is placed at 11,794, which is likely to provide support to the index
Support for the Nifty is shifted up to 11,400, which should be kept as a stop loss in long positions. The upside target for Nifty is seen at 11,800 odd levels
Close above 11,585 would negate the bearish setup on the short term charts and could push Nifty towards the recent high of 11,794
The recent high of 11,794 would continue to act as strong resistance for the Nifty
NIfty has been forming higher tops and higher bottoms on the daily charts. Nifty is placed above 20,50,100 and 200 days moving averages, indicating bullish trend on all time frames
Nifty is in continuation of an uptrend