RIL stock has gained 8% in the last 2 months, after a 4-month consolidation around its key trend line support - a key technical indicator the stock has been holding above since the last 11 years.
In the week ahead, Sensex is likely to swing between 78,200 to 80,230 range. Nifty may test 23,400 on the downside, and can potentially rally to 24,800 on the upside; suggests technical charts.
In the aftermath of the Pahalgam attack that left 26 dead earlier this week, India has launched a series of retaliatory measures
Why Sensex, Nifty are down today: The NSE Nifty50, on the other hand, declined 399 points to break the 24,000-mark and hit a low of 23,848
Technical chart suggests that near-term bias for SBI Life is likely to remain upbeat as long as the stock trades above ₹1,663 levels; check target price, key resistance levels here
HUL, Nestle and Tata Consumer stocks are seen trading on a divergent note after reporting Q4 earnings; technical charts suggest these stocks can potentially rally up to 15% from present levels.
Shares of Voltas and Havells India seem to be favourably placed on the technical charts; while Blue Star and Whirlpool look weak; check target price and key levels here
Technical charts suggest that smallcap stocks such as Balrampur Chini, Alok Industries, 360 One Wam, Elgi Equipments and Godawari Power are poised to gain in the near-term; check key levels here.
Technical charts suggest that the Nifty MidCap 150 index may succeed in conquering the long-term moving average; while the SmallCap index faces a tougher challenge.
The Nifty 50 index has surged over 11 per cent in the last eight trading sessions, and in the process has conquered its key moving averages, shows the daily chart.
The Nifty is quoting barely 150 pts shy from the 24,000-mark; but the key hurdles stand at 24,050 and 24,169 levels, shows the technical charts.
From Ridham Desai of Morgan Stanley, Wei Li, Global Chief Investment Strategist, BlackRock Inv. Institute and Shridatta Bhandwaldar of Canara Robeco MF, here is the market strategy of leading analysts
Why are markets rising today: Tata Motors, L&T, IndusInd Bank, M&M, Adani Ports, HDFC Bank, Axis Bank, ICICI Bank, Bharti Airtel, Bajaj Finance, Reliance Industries, and SBI were top gainers today
As an investment strategy, Morgan Stanley remains overweight on financials, consumer cyclicals, and industrials; and are underweight on energy, materials, utilities and healthcare.
An Axis Securities note provides a sector-wise distribution of stocks trading above key Exponential Moving Averages. EMAs give more weight to recent prices, making them more responsive to new triggers
Technical charts suggest that shares of Bharti Airtel, Bajaj Finance and IndiGo can potentially appreciate another 15% from present levels; here are the key support and resistance levels to track.
Stock market outlook for the week April 15 - 17: The bullish pivot for Sensex stands at 76,100; here are the key support and resistance levels to watch out for on the BSE and NSE benchmarks this week.
Stock Market Today: The Sensex today climbed 1,472 points intraday, while the Nifty rose 475 points. As India stock market rallies on Trump's decision to pause rally, here's what investors should do
ITC and Jyothy Labs have given a breakout above the super trend line resistance on the daily scale; here are the key levels to watch out on these 2 stocks as the trend turned favourable on charts.
Historical data shows that the Nifty has ended higher in most of the April F&O series in the last 12 years; the average gain for the NSE benchmark has been over 3 per cent.