Budget 2024-25: How to trade WTI crude oil today? Find out strategy, key levels here
It is recommended to 'buy' Nykaa stocks within the price range of Rs 180 to Rs 185
The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, the Nifty fluctuated within a narrow range, eventually closing at 24,413.50.
From the low, Nifty recovered 470 points towards 24544 and ended the session at 24479.
Recently, Tata Steel experienced a significant decline, dropping nearly 22 points after forming a double top at the 180 level.
Analysts remain optimistic about the medium-term outlook for the life insurance sector, and expect Retail APE to grow ~12-13 per cent during FY25E.
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
From a technical standpoint, the daily chart has revealed an inverse head and shoulders pattern with a neckline at Rs 1,620 & Bajaj Finserv stock is holding steady above this level around Rs 1,640.
Nifty Financial has broken out on the daily chart, where it closes at highest level since 04-July-2024.
The 14 period RSI indicator has turned up from the centreline which indicates upward momentum and the Marico stock has space to move up.
True to this pattern, Tata Consumer has recently shown a decisive breakout, marked by substantial trading volume.
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
From a technical analysis perspective, the Daily RSI has reversed from 50 levels, further signalling a positive outlook for Bajaj Auto stock.
GAIL has broken out of a resistance zone of Rs 233 - Rs 235. The breakout has been accompanied with above average volume.
A combined 1.58 million shares changed hands in trade on Monday, July 15, and there were pending buy orders for 180,000 shares on the NSE and BSE, data showed
Between March 2023 and June 2024, Hikal has been consolidating within the approximate range of Rs 260-320
During early June, the Triveni Engineering stock prices surged notably from Rs 300 to Rs 400. However, following this spike, prices entered a consolidation phase attributed to overbought conditions
Silver price target today, July 12: The white metal is expected to trade with a positive bias on rising odds of multiple rate cuts this year
Gold trading strategy for today, July 12, 2024: Much-awaited US CPI data (June) trailed the forecasts on all counts. US CPI Y-o-Y at 3 per cent as against the forecast of 3.10 per cent
Short covering is seen in the Bank Nifty Futures at lower levels, where Open Interest fell by 1 per cent (Prov) with Bank Nifty future rising more than 500 points from the intraday lows