On the flipside, 15,300 - 15,150 - 15,000 are to be considered as immediate supports.
LTI has reversed its trend from the previous swing low and is currently placed well above all its major moving averages on the daily chart
The stock price has already broken out from the downward slopping trendline on the daily chart
The Tata Power stock is placed well above all the major moving averages suggesting an inherent strength
A positive move in M&M Financial Services above the 200-DMA level of 163 would further strengthen the bias
Looking at the broad-based participation on Friday, especially the way banking space is poised, we will not be surprised to see the index heading towards record its high in the first half of this week
DMART has recently witnessed consolidation range breakout on the back of an increase in average traded volumes indicating fresh hands accumulating the counter
Traders should try to create short position keeping close eye on 15,200
The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels
The RSI has indicated a trend reversal, showing strength, and has signaled a buy for RITES
Confirmation of breakout in Nifty would come, once it sustains above 15,000 levels
HDFC AMC's stock has seen some significant increase in trading volumes from the past few trading days indicating strong hands accumulating the stock at lower levels
Infosys has rebounded from the supporting trend-line on the daily chart suggesting a good opportunity to accumulate the counter
Gail has witnessed a fresh breakout on Tuesday, after spending nearly one and a half months in a consolidation range
Recently, the stock of Divi's Labs has given a weekly range breakout, making a new high of 4133, supported by volumes
The chart of Grasim looks attractive and, with the RSI also improving with a trend reversal, the indicators suggest strength to signal a buy
HEG stock after trading with a strong uptrend recently underwent some consolidation
On Tuesday, the stock of SBI has given breakout from the downward sloping trend line
Most metal stocks are trading at their record highs and showing no sign of slowing down
From 740 in November 2020, Thermax entered an uptrend, making several higher bottoms at 880-940-1140