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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 formed a bullish candle on May 14, but did not close at its intraday high. It can now rise towards the 22302-22348 band while 22131 could offer support in the near term
From the all-time high of 22,794, Nifty has witnessed a correction of more than 550 points in the span of three trading sessions
Nifty shows lack of follow through action on the upside. It formed a higher top and could form a higher bottom shortly. On monthly charts, Nifty gained 1.24 per cent for the month of April
Nifty50 outlook: Downward gap zone of 22,503 and 22,427 is expected to remain resistance for the Nifty in the near-term
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has reached crucial support zone of 22,000 - 21,000 on the charts.
Nifty fell marginally on April 09, forming a bearish dark cloud cover like pattern. While the fact that the Nifty keeps making fresh new highs is encouraging, it tends to give up intra day gains which
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty needs to break from the 22,204-22,529 range for fresh direction.
Primary trend of the stock has been bullish with higher tops and higher bottoms on the weekly chart
After a healthy correction of 13 per cent, Tata Steel stock has found support on its 50 days SMA and has bounced back
There has been a breakout in Karnataka Bank from downward sloping trend line on the daily chart. Price breakout is accompanied by rising volumes, as per Vijay Rajani
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty is seen consolidating in the 22,075 - 22,297 trading band.
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has broken out from a consolidation phase and can rally towards 22,600-22,700.
Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy NCC and Sonata Software for up to 18 per cent upside.
Nifty has formed a bearish Dark cloud cover pattern on daily charts. It could now face resistance at 21,813 while 21,429 could offer support
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has confirmed a bearish trend reversal, and could see further downside in coming days.
Bank Nifty ended the previous session with "Doji" candlestick pattern on the daily chart, which indicates indecision amongst the traders, as per Vinay Rajani
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to face resistance around 21,750.
Nifty could now remain in the 21,770-21,477 band for the near term, a sper Vinay Rajani of HDFC Securities
Nifty continues to remain in a bullish trend and holding longs with trailing stoploss is the ideal strategy, says Vinay Rajani
The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday