Page 16 - Nifty Outlook

Nifty, Bank Nifty in indecisive mode; Watch out for these key levels

Nifty likely to see a directional move on breakout from the 22,100 - 22,325 trading range, says Ravi Nathani, an independent technical analyst.

Nifty, Bank Nifty can fall up to 7%, warn charts; Key hurdles to watch out

According to Ravi Nathani, an independent technical analyst, the trading strategy for Nifty and the Bank Nifty is 'sell on rise'.

Nifty IT, Auto: Key levels to watch out for on these two indices

According to Ravi Nathani, an independent technical analyst, the Nifty IT index is likely to face stiff resistance between 38,000 - 38,125.

Nifty50: Here's why bullish trend on the index remains uncertain

Trading strategy for Nifty50: The recommended trading strategy aligns with selling on upward movements

Nifty likely to face resistance in 21,970-22,125 band: HDFC Securities

Among individual stocks, Vinay Rajani, technical & derivative analyst at HDFC Securities, recommends to Buy NCC and Sonata Software for up to 18 per cent upside.

Markets pricing in 400 seats for NDA in 2024 Lok Sabha elections: Analysts

The markets are already pricing in a victory for Modi-led National Democratic Alliance (NDA) in the upcoming general elections, and expect the alliance to achieve its 400-seat target, suggest analysts

Nifty, Bank Nifty: Wait for confirmed breakout from trading range

According to Ravi Nathani, an independent technical analyst, the Nifty is moving in a trading band of 21,650 - 22,000.

Nifty Auto, IT indices range-bound on charts; Key levels to watch out for

According to Ravi Nathani, an independent technical analyst, the Nifty IT index is seen oscillating between 37,930 and 36,136 trading range.

Zydus Life, ICICI Bank: Stocks to buy in current market set-up

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has confirmed a bearish trend reversal, and could see further downside in coming days.

Markets in a free fall. More pain ahead? Here's what charts suggest

The Nifty has declined over 3 per cent in the last two trading sessions, and is seen trading below its 20-DMA for the first time since November 07, 2023.

Chart check: Bias turns negative for HDFC Bank as stock dips below 200-DMA

The sharp fall in the last two-days has dented the charts of HDFC Bank, suggesting further downside amid some consolidation.

Nifty likely to consolidate, keep an eye on 21,500; Nifty Bank overbought

According to Ravi Nathani, an independent technical analyst, a breach of 21,500 could trigger a consolidation phase with a negative bias, with Nifty seeking support at 21,125, 20,700, and 20,350.

Nifty, Bank Nifty bounce back: Should you sell the rally? Check key levels

As talks of an impending market correction grow louder, here's a quick chart check on the Nifty 50 and key sectoral indices.

Nifty, MidCap, SmallCap: Should you buy the dip? Here's what charts say

The NSE Nifty50 has strong supports placed around at 20,920 and 20,750 levels. Meanwhile, the broader indices are seen testing support at respective 20-DMAs, show charts.

Go Long on Nifty around 20,700 as trend remains bullish, says HDFC Sec

The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday

Chart check: Will Nifty top 25,000-mark before 2024 general elections?

With today's sharp up move, the overall mood has become upbeat and momentum is likely to drive Nifty to newer heights. However, how steep can the rally be? Here's what the chart suggests.

Nifty at 20K, will the optimism last? Here's what chart suggests

The NSE Nifty may face some resistance around 20,130; above which the index can potentially hit a new all-time high soon.

India Cements, Hindustan Copper can rally up to 17%; here's why

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities expects Nifty to scale a new all-time high soon.

F&O Strategy: Bull Spread on Nifty for November expiry

Nandish Shah of HDFC Securities recommends to Buy Nifty 19900 CALL and simultaneously sell 20000 CALL of the November series.

Bias for Nifty remains bullish; look to buy on dip, suggest charts

According to Ravi Nathani, an independent technical analyst, substantial resistance for the Nifty can be expected between 20,064 and 20,110.