The formation of a 'Doji' candlestick on the Nifty weekly chart reflects indecision between bulls and bears, explains Hitesh Rathi, technical analyst at Angel One.
Trading strategy, stock picks today: Jatin Gedia of Teji Mandi Investment Technologies decodes key levels to track on Nifty, Bank Nifty; and 3 stocks to buy basis on technical charts.
Stocks to buy today: Vinay Rajani of HDFC Securities has a positive outlook on Equitas Small Finance Bank and Titagarh Rail Systems.
Technical analysts believe that the Nifty can potentially surge to 24,600 from here if it clears hurdles at 23,800 and 24,200-24,300 levels.
The Nifty has broken above the recent swing high near the 23,530 mark decisively, indicating a possible reversal in the immediate trend, says Hitesh Rathi, Technical Analyst at Angel One.
Technical analysts caution that the short-term trend for Nifty remains weak, and the index could extend the fall toward 22,800-22,700 levels in the coming sessions.
Stocks to buy today: Ajit Mishra of Religare Broking has recommended buying three stocks today - Apollo Hospitals, Federal Bank, and Varun Beverages.
Nifty50 in the daily chart has formed a small bear candle with shadows in either direction, signalling consolidation amid stock-specific action
The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.
The Nifty Put-Call-Ratio (PCR) stands near 0.71, indicating a cautious-to-negative undertone in the market, says Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities.
Stocks to buy: Ajit Mishra of Religare Broking recommends buying the shares of Aditya Birla Capital, LIC Housing Finance, and SBI today
After Monday's rise, the Nifty fell 86 points on Tuesday to close at 24,032. It opened 69 points lower and extended its losses by another 170 points during the first half of the session
India Inc's Q4FY26 earnings have largely met expectations, supported by steady demand trends. However, rising commodity prices and geopolitical risks could pressure margins in coming quarters.
Is "Sell in May" relevant for India? Analysts say no as earnings strength, valuations, and April's rally support staying invested despite high crude oil prices and Iran war risks
Data has shown that on falling market days, retail investors were net buyers, and on rising days, they were net sellers. So, the idea that they are always disadvantaged is a misnomer, Kumar said.
Brokerages have cut Nifty targets by around 4% per cent since February 28 as Iran war keeps oil prices high, raising inflation, GDP, and earnings concerns for Indian stock markets
Nifty closed below 24,000 on Tuesday after sharp intraday reversal. HDFC Securities sees 24,197 as resistance, and 23,800 as support level
Nifty may consolidate with support at 24,000-24,200, says Ajit Mishra. Top stock picks for today: Federal Bank, NTPC, JSW Energy.
Vinay Rajani of HDFC Securities recommends 'Buy' on Jubilant FoodWorks and Pidilite shares today. Check target prices, support, resistance, and growth outlook for April 22 trades
Stocks to buy: Ajit Mishra of Religare Broking recommends buying the shares of State Bank of India, Glenmark Pharma, and Tata Power today