The traders and investors are cautious of heavy profit booking in the indices. However, there aren't any major technical signals to support this view
The trend for aluminum has shifted from 'neutral' to 'positive'
Above 15,900, Nifty could move towards 16,300 target, while any level below 15,673 could drag Nifty towards 15,500 support
IGL has witnessed a breakout from the consolidation range of Rs 500-545 levels after spending nearly four months there
Tata Coffee witnessed a consolidation breakout on the back of an increase in average trading volumes in the last trading session, suggesting a positive outlook
Recently, Cummins India's declining trend seems to have been arrested around the 750-mark, which coincided with the '89-EMA' on the daily chart
Kotak Bank stock has been moving within a tight range for quite some time and is currently taking support near the significant 200DMA level of Rs 1,737
Bank Nifty's short-term trend has turned positive as it closed above its 5- and 20-day EMA
Voltas stock is consolidating near the neckline of the Inverted Head & Shoulder pattern on the daily time frame and is expected to rebound from here onwards
In gold, fresh selling can commence below 46,800 levels while buying can commence above 47,300.
The stock price of Indian Hotels has broken out from its three-week-long consolidation
Britannia has been trading in a broader consolidation range of Rs 3,350-3,840 for the last one year and is currently hovering in the middle
Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone
The RSI has given a decent momentum pickup, indicating strengthen in HUL's stock and is well placed to support and justify the positive bias
We advise traders to lighten up positions at higher levels and it's better to take one step at a time for the time being
On Friday, the benchmark S&P BSE Sensex tumbled as much as 722 points in intra-day deals
NOCIL has been trading in a symmetrical triangle pattern on the daily time frame
Stock price has broken out on the daily line chart with higher volumes
The overall sentiment towards broader market stocks has been favourable with the small-cap index closing in the green for four consecutive months
On June 3, Oberoi Realty's stock surpassed the crucial double top resistance of 630 on a closing basis