Reliance share price was quoting at a 15-month low, and below its super trend line support on the monthly scale for the first-time since April 2014; here's a technical outlook on the stock.
Key takeaways from F&O data: Substantial PUT accumulation at the Nifty 22,000 strike solidifies this level as a reliable support base, says Dhupesh Dhameja of SAMCO Securities.
Meanwhile, technical charts of the new entrant UltraTech Cement in the wires & cables business indicates a likely downside risk of up to 17% for the stock.
In 2015, Tata Motors cracked by 54% following a sharp 776% rally on the BSE & NSE. This time around the correction came after 562% surge; will history repeat itself as the stock searches for a bottom?
Taxing FIIs on their gains, who face forex risks, and have no tax set-off available in their home country is a big mistake that the government is making, said Sami Arora at BS Manthan.
Analysts believe the market may not enter bear territory for now; instead expect some time-wise correction and sectoral rotation going ahead. Here are the key levels to track.
Key takeaways from F&O data: FIIs bearish; retail, DIIs hold bullish bets in index futures. Nifty, Bank Nifty options data indicates a bearish stance in the market.
Speaking at BS Manthan, Wood said he remains structurally bullish on Indian equities from a long-term perspective; but cautious in the short-term given the quantum of FII outflows and valuation woes.
Stocks to Buy Today, Feb 27: BHEL share price formed a bullish 'Engulfing' candlestick pattern on the daily chart
The Nifty 50 index has shed nearly 13% in the last five straight months, its longest losing streak since November 1996; equalling its second-worst ever in the 30-year history.
Technical outlook on Nifty IT, large-cap technology stocks: The IT index along-with Infosys, TCS, HCL Technologies, Tech Mahindra and Wipro look poised for further losses from present levels.
Infosys share price outlook: Infy was seen testing the 200-DMA for the first-time since June 2024; technical chart hints at further 9% downside risk for the stock.
Info Edge (Naukri) share price outlook: The stock is seen testing the trend line support on the weekly scale at Rs 7,300; a weekly close below the same will indicate bearish implications on the stock.
SBI, ICICI Bank, HDFC AMC among 5 financial stocks that can fall up to 15% as Fin Nifty sees 'Death Cross' on the daily chart for the first time since September 2022.
Stock Market outlook this week: Here's a trading guide with key levels to track on the BSE Sensex and the NSE Nifty for the week February 24 - February 28, 2025.
Stock Market Today, Feb 21: Fintech company PhonePe has kicked off preparations for a potential stock market listing in India
Technical charts suggest that microcap stocks such as Cyient DLM, Sansera Engineering, AMI Organics, Aarti Pharmalabs and Medplus Health Services can potentially rally up to 23% from present levels.
Stock Markets Today, Feb 20: With no major domestic stock market triggers, stock markets today are likely to stay range-bound where traders may prefer level-based trading
Technical charts show that key momentum oscillators on - Indian Metals, Chennai Petroleum, Zuari Industries, 20 Microns and Prakash Pipes - from Dolly Khanna portfolio were hinting at a relief rally.
Technical chart suggests that the Nifty Auto, IT and Pharma indices can potentially fall up to 22% from present levels if these key support levels are broken.