Traders are advised to keep a watchful eye on the 55,900-mark on the Nifty FMCG index
Nifty could now remain in the 21,770-21,477 band for the near term, a sper Vinay Rajani of HDFC Securities
Nifty continues to remain in a bullish trend and holding longs with trailing stoploss is the ideal strategy, says Vinay Rajani
A prudent trading strategy in the Nifty Realty index would involve booking profits, and adopting a cash position
The advised strategy for the Nifty Metal index is to buy near support levels and sell near resistance
The Nifty closed near its 5-day EMA support placed at 20,878 on Tuesday
The recommended strategy in Nifty Auto index is to initiate sell positions at the prevailing market price or during upward movements
Traders are advised to exercise caution and secure profits in Nifty PSU Bank index on upward movements
LIC's share has broken out from downward sloping trend line on the weekly chart
A closing above 51,480 for Nifty FMCG index would indicate a potential surge in buying activities, encouraging traders to consider selling near this mark
RSI Oscillators is sloping upwards and placed above 50 on the daily chart, indicating strength in the stock, says Nandish Shah
The stock price formed bullish hammer candle stick pattern on September 6
The pivot level for this month, for example, is at 15,550, further supporting the case for a potential downward move in Nifty Auto index
At present, more than 87 per cent of stocks are trading above their 200-DMA in NSE500, which indicates strong market breadth
In the short term, the Nifty FMCG index's first target range is expected to be between 52,000 and 52,175
Only when the index manages to close 4,680 level, it could signify a breakout on the charts, potentially opening the door to further gains
The expectation is that the Nifty50 index will continue to perform well in the short and medium term, with the potential for reaching new highs
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The trend among stocks in oversold regions remains highly fragile and could see more downside ahead