Nifty should be held long with the stoploss of 16,650.
For many weeks, the stock of SBI Card has been under corrective mode and has come down from the peak of 1,160 towards the 900 mark.
The stock price of Infosys has broken out from the downward sloping trendline on daily chart
The stock of Bandhan Bank has been underperforming the banking index and is still struggling below the resistance zone of moving averages
After the correction, the stock of Bata India has taken support near the trendline support zone of 1,850 and has indicated a reversal to bottom out
Capital goods as a sector looking good on the chart
The risk reward ratio for CEAT looks highly lucrative at current levels to go long for a bounce.
A larger correction is likely once the 16,782 supports are broken
The technical analyst from HDFC Securities says that stock specific bullish moves will continue while Nifty consolidates in the 17,800 - 18,200 range
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the mentioned range
The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales
The technical analyst from Religare Broking also recommends to accumulate United Spirits. Check out the range below
The technical analyst from HDFC Securities suggests that Ashok Leyland has one of the strongest set-up on the charts in the auto space
According to the technical analyst from Anand Rathi, Axis Bank is in a secular uptrend and can rally up to Rs 870
The derivative analyst from HDFC Securities recomends this strategy based on the following five rationales.
To confirm short term trend reversal, Nifty needs to breach the low of 18,377 in the coming sessions
We're seeing noticeable traction in the auto space and Hero Moto is also finally resuming the uptrend, Mishra said
The stock of Rallis India has picked up momentum with improved bias and positive bullish candle to move past the significant cluster of 200DMA and 50EMA levels
The derivative analyst from HDFC Securities recommends this strategy based on the following four rationales
According to the technical analyst from Anand Rathi, LT is in a secular uptrend and currently hovering above all its major exponential moving averages on daily time frame indicating inherent strength