Technical Outlook: RECL, PFC can potentially rally up to 17 per cent from here on; while Birlasoft and LTIMindtree may witness a sharp fall, suggests technical charts.
Technical ALERT: A 'Death Cross' pattern is seen on the Ashapura Minechem and DCB Bank charts today, August 29.
Derivative market update for Thursday, August 29: The 10-day Nifty rally is under threat amid weak global cues; Monthly F&O expiry and RIL AGM may add to the market volatility.
Derivative market update for Wednesday, August 28: The Nifty September futures premium dipped from Rs 155 to Rs 116 yesterday; while, Bank Nifty futures premium declined to Rs 257 from Rs 328.
SBI Card stock is seen trading above its 200-DMA after one month. Technical chart shows, the stock can potentially rally up 15% from present level; read details here
Market outlook for the week Aug 26 - 30: The Nifty needs to clear resistance at 24,971, and Sensex at 81,750 for further gains. Here are the key support levels to watch out the NSE, BSE benchmarks.
Short covering is seen in the Bank Nifty Futures, where we have seen 3 per cent fall in the open interest
In such a scenario, traders might look to enter long positions, anticipating further upward momentum as the index pushes through these resistance levels
In recent trading sessions, IndusInd Bank has demonstrated resilience by holding steady at its crucial historical support level of Rs 1,335
Granules, MCX, Colgate, Trent, Dr.Reddy's, Glenmark Pharma, Voltas, Lupin, Tech Mahindra, Coromandel International and Balrampur Chini among F&O stocks are holding a PCR in excess of 1, shows F&O data
Vijaya Diagnostic has broken out from symmetrical triangle on the daily chart. Price rise was accompanied by healthy volumes
New-age stocks have zoomed up to 80% from Election Result day lows. Charts suggest PolicyBazaar, Paytm, Nykaa and Delhivery can rally another 12%; while Zomato and CarTrade may dip going ahead.
Stocks like PC Jeweller, TBZ, Kalyan Jewellers and Senco Gold can potentially rally up to 27% from current levels, suggest technical charts.
Both the Nifty Financial Services Index and the Nifty PSU Banks Index exhibit positive trends and are supported by strong technical indicators
Hopes of US rate cut triggers global stock market rally: The BSE Sensex rallies past the 80,000 mark, and the NSE Nifty surges atop 24,400 led by strong gains in IT and private bank shares on Friday.
The Nifty IT Index is currently showing an upward trend on the charts, with the index nearing its weekly resistance levels for this week, which are expected to be between 39,925 and 40,000
All you need to know before the market opens on Wednesday: The US market rose as cooler inflation raised September rate cut bets. FIIs long-short ratio in index futures dipped below 1 after two months
The Nifty PSU Banks Index is currently experiencing a downward trend in the near term. However, the index has recently undergone a sharp correction, bringing it very close to critical support levels a
The Nifty Bank Index is currently exhibiting a bearish trend on the charts. Given this downtrend, the recommended trading strategy for the near term is to sell on any upward movement in the index
As Hindenburg saga resurfaces, here's a technical check on Gautam Adani-led Group stocks for the likely trend ahead.