Over the past few months, rising interest rates amid surging inflation has dented market sentiment across the globe
The technical analyst recommends traders to employ a "sell on the rise" strategy when trading Nifty Commodities, given that its short-term pattern appears to be trading within a range of 5,600-5,400
The Nifty Pvt Bank index can rally to 20,425 and 20,775 in the short-term.
According to the technical analyst, traders should adopt a buy-on-dips approach for the Nifty Auto index, with a minimum target of 12,236
So far in 2023, benchmark indices the S&P BSE Sensex and Nifty50 have tumbled up to 6.4 per cent, eroding India's m-cap by nearly $300 billion
Hindustan Aeronautics shares may dip up to 20 per cent upon breaking key support.
According to the technical analyst, the best trading strategy for traders would be to buy on dips with a strict stop loss of 16,800 on a closing basis for Nifty
Will remain slightly Overweight India in the Asia Pacific ex-Japan relative-return portfolio, says Christopher Wood, global head of equity strategy at Jefferies in his GREED & Fear note to investors.
The stock is placed below all important moving averages, which indicates a bearish trend on all time frames, says technical analyst from HDFC Securities
According to the technical analyst, the Nifty Media Index is currently displaying a range-bound pattern, with fluctuations occurring within a prescribed range
The short-term bias for Nifty Midcap 50 index is likely to remain negative as long as the index remains below 8,786.
The technical analyst expects the Nifty auto index to shortly see a rebound, while the metal index could underperform
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends a Buy on Coromandel International and Zensar Tech.
The MCX Crude Oil futures seem on course to test the 200-WMA placed at Rs 5,000. However, given the indications from momentum oscillators, the commodity may break the support level.
According to the technical analyst, traders can employ 'buy-on-dips' strategy for Nifty Private Bank, Nifty PSU Bank, and Nifty Financial Services indices
Despite high volatility in the months of March the Nifty has ended higher in five of the last seven occasions.
According to the technical analyst, the Nifty index exhibits an imminent pullback in the near-term post an oversold disposition
The direct investment in the cash segment by retail investors continues to be muted
The derivative analyst from HDFC Securities recommends to Buy Glenmark Pharma 440 CALL at Rs 7 & simultaneously sell 450 CALL at Rs 4 of March series
According to the technical analyst, he remains bullish on Nifty Pharma, and Nifty Oil & Gas indices