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
13,650 is the immediate support which, if breached, could result in some profit booking and drag the index towards 13,500-13,470
Escorts share price has witnessed a decent correction and has flattened out near 1290 levels to improve the bias
The stock of TCS is sustaining above its important moving averages, and a breakout above the immediate resistance of 2,820 levels might lead stock trade higher
Short covering was seen in the Divi's Lab Futures' where we have seen 1 per cent fall in the Open Interest with price rising by 3 per cent
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
According to experts, demand from the home textile industry is expected to remain supportive in the near-to-medium term
Both indicators have different use in a trading model. It is not easy to follow the price after a leading indicator delivers a trading signal.
A strong close above Rs 770 in M&M may trigger a rally Rs 825 levels
Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438
In line with other oil marketing stocks, the stock price of Hindustan Petroleum has been witnessing gradual recovery for the last two months
Among the Nifty 500 stocks, nearly 370 stocks are trading on the upper side of the momentum indicators
The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter
Traders should try to create a long position keeping a close eye on 13,400
With a broader view, 14,000 and beyond levels are very much possible, but for the time being 13,500 - 13,600 are the extreme levels as per few key Fibonacci ratios
The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL
Hero Moto stock is witnessing a resistance breakout from its immediate resistance level placed at Rs 3,205.
The stock price of Tata Consumer has broken out on the daily chart with higher volumes where it closed at all time high level.
As far as support is concerned, 13,145 is a crucial level to watch out for
Glenmark Pharmaceuticals has recently witnessed a breakout with a noticeable rise in volume, after spending nearly 4 months in a consolidation range of 460-515 levels