Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
They must also maximise the utilisation of the higher deductions available to them
The chart looks attractive for further upside movement in SPARC with the RSI indicator also showing a trend reversal
The stock of Syngene International is also sustaining above its important moving averages
The stock of HPCL has witnessed a built-up of long positions with the addition of 10 per cent open interest
Britannia has been among the top-performing FMCG counter for the last several years
Immediate resistance for the Nifty is seen at 14,890
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days
We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000
For 2021, in keeping with the law of mean reversion, analysts have modest return expectations from last year's outperformers
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
The momentum indicators and oscillators in GAIL (India) stock are in the buy mode on the weekly scales
The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal
According to analysts, market rally in the new calendar year may not be as sharp as seen in recent months as the markets are currently pricing in a lot of positives
Also invest if you can lock in returns or can view the record of underlying fund
Invest for the long term via SIP, and limit allocation to 5-10% of the portfolio
The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart
One of the key ratios to gauge the valuation of the market is the Market Capitalisation to GDP Ratio, which is around 95 per cent currently - a bubble territory
In an outlook for 2021, a team including Andrew Sheets recommended investors overweight equities and corporate bonds against cash and government debt, and sell the US dollar