It is recommended to 'buy' Nykaa stocks within the price range of Rs 180 to Rs 185
The Nifty Auto index is currently exhibiting a range-bound trend on the charts, confined within the levels of 25,460 and 24,560
From a technical perspective, it is worth noting that Nifty has formed a 'Shooting Star' on a weekly time and a 'Bearish Engulfing' on a daily time frame at record highs
The Nifty FMCG Index is currently in an overbought zone on the charts, despite the overall bullish trend
Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024.
Lauras Labs price has broken out from downward sloping trend line on the weekly chart. Price rise was accompanied by healthy volumes
The Nifty Bank Index is currently range-bound on the charts, oscillating between 52,800 and 51,750. A decisive close above or below this range will likely trigger a significant move
GAIL has broken out of a resistance zone of Rs 233 - Rs 235. The breakout has been accompanied with above average volume.
Between March 2023 and June 2024, Hikal has been consolidating within the approximate range of Rs 260-320
The Nifty Metal Index is currently in a phase of consolidation, trading within a narrow range of 300 points, specifically between 9,700 and 10,000
Over the past few weeks, Aether has shown a consistent uptrend by forming higher highs and higher lows, which is a positive indicator of its market performance
Hindustan Copper was trading in a downward sloping channel and has now provided a breakout
MIDHANI witnessed a decisive breakout in the last trading week, soaring nearly 8 percent. The counter has witnessed very strong traction its 21 DEMA after consolidating near the 20 DEMA
HDFCLIFE recently gave a clean breakout on the weekly chart, signalling a potential bullish trend. Prior to this breakout, the stock had been consolidating for 2 weeks
The Nifty IT Index is currently trading at 37,314.35. In the near term, the index appears to be range-bound, with the defined range between 37,525 and 37,050
On an hourly scale, MRPL has been showing a consolidation pattern above the 21, 50, 100, and 200-period Exponential Moving Averages (EMA)
Spot gold rose slightly ahead of the US Fed Chair Powell's speech at the European Central Bank forum on central banking in Sintra, Portugal
Buy MCX July Crude Oil futures at Rs 6,950-7,000 with a stop loss of Rs 6,860 and a price target of Rs 7,250
Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl
While the market appears to be in a strong bull run, the next move in the coming week might be challenging as oscillators across all major time frames are in overbought territory