The stock of Bajaj Consumer, after a decent correction, has bottomed out near 245 level
Pidilite Sept futures have seen long build up, the open interest has increased by 18 per cent with 5 per cent rise in price.
As of now, clearly bulls are having a firm grip on the market but as we have been mentioning since a week or so, they would find a bit difficult now going ahead
Here's why the analyst recommends accumulating Eicher Motors and Voltas, but to sell Zee Entertainment Futures
Century Textile and VIP Industries are the two stock recommendations by HDFC Securities
LIC Housing Finance seems to be trading near its multi-year strong demand zone, and charts also indicate formation of likely bottom around Rs 350-360 zone
Rossari Biotech has been in a secular uptrend and is placed well above all the major exponential moving averages on the daily charts
Nifty is expected to continue its uptrend and longs should be held on a trailing stop loss basis
VOLTAS has seen strong reversal candlestick pattern formation near its 200 DEMA on the daily chart on the back of robust volumes, indicating an early sign of reversal in the counter
Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116
Aurobindo Pharma has corrected over 35 per cent from its lifetime high and has plunged below all its major exponential moving averages
SBI LIFE has been consolidating in a narrow range near its lifetime high zone from the past few trading weeks, indicating the formation of a strong base before another round of rally
Traders are advised to remain light for a while and the ideal strategy would be to look at the individual stocks than the benchmark index
We're seeing recovery in the energy pack and oil marketing companies (OMCs) are also trading in sync with the move. Among these, IOC looks set to move higher
The stock of BSE has witnessed a decent correction from 1,400 level and has bottomed out at 1,070, near the significant 50EMA level of 1,065, and is showing signs of reversal
The stock of Hindustan Unilever (HUL) is hovering near 21 DEMA
JM FINANCIAL has re-tested the breakout zone of the recently made 'cup & Handle' pattern on the daily chart
We are not at all advising to go against the current trend; but at least taking some money off the table on existing positions is always a good ploy, he says
The stock of Laurus Labs is primarily in an uptrend and maintains the cycle of higher highs higher lows on all time frames
Immediate target for Nifty is seen at 16,300-16,400 range while support has shifted up to 15,950 in Nifty