)
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.
SBI has seen long-build in the November series, with a 3 per cent rise in open interest and price so far, says the technical & derivative analyst.
The technical analyst from HDFC Securities from HDFC Securities recommends buying JK Paper and Happiest Minds for targets of up to Rs 486 and Rs 1,150, respectively.
On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.
Among individual stocks, the technical analyst from HDFC Securities recommends buying IndusInd Bank and Mahindra CIE.
On the broader market outlook, the technical analyst from HDFC Securities says that the indicators and oscillators have turned bearish on the short term charts for the Nifty 50.
Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.
Among individual stocks, the technical analyst from HDFC Securities recommends to buy Cochin Shipyard and PSP Projects.
The technical analyst from HDFC Securities says that support for the Nifty has risen to 17,777, and the index on the upside can rally to 18,350 - 18,600.
Among individual stocks, the technical analyst is bullish on HG Infra and CreditAccess Grameen.
M&M closed with a bullish engulfing pattern on the daily chart with a jump in volumes
The technical analyst from HDFC Securities foresees the next resistance for the Nifty50 index at 18,114.
The technical analyst from HDFC Securities said traders should wait for correction to enter fresh longs on the Nifty index.
The technical analyst also recommends to hold Nifty longs with a stop at 16,300; on the upside, he expects resistance for the NSE benchmark around 16,800.
The technical analyst also recommends to hold Nifty longs with a stop at 16,100; on the upside, he expects resistance for the NSE benchmark around 16,520 and 16,794.
The technical analyst from HDFC Securities also recommends buying CCL Products and Torrent Pharma.
The technical analyst from HDFC Securities expects the bias for the Nifty to remain positive as long as the NSE index holds above 15,704.
The technical analyst from HDFC Securities recommends going long on the Nifty with a stop at 15,500.
The technical analyst sees Nifty support moving higher to 15,400, and resistances for the NSE benchmark at 15,750, 15,883 and 16,150.
The technical analyst from HDFC Securities recommends buying Birla Soft and ABB India for near term gains.
The technical analyst from HDFC Securities expects near-term support for the Nifty at 16,300, below which it can slide to 16,000-mark.