On the indicator front, the MACD is comfortably placed above its signal-line and the 14 period RSI is soaring northwards, affirming that Ambuja Cements' stock may surge in the coming future
HCL Tech has surpassed the hurdle of the previous swing high of late and is gradually inching towards its record high
The primary trend of the markets is bullish as short term moving averages are trading above medium to long term moving averages and Nifty has been holding higher tops and higher bottoms
The chart of Bajaj Auto looks attractive with the RSI also improving the bias and indicating a trend reversal to signal a buy
Most IT stocks are holding strong despite the recent volatility in the market and now look upbeat for a rebound
At current juncture, Bandhan Bank's stock is hovering just above the clusters of moving averages on daily chart
Hindustan Unilever has shown signs of picking up momentum, thus improving the bias, and has the potential for an upside from hereon
The stock price has broken out on the daily chart where it closed above 200-day EMA with higher volumes
In the past couple of sessions, the stock of LIC Housing Finance has consolidated near the previous high, indicating strong hands accumulating the counter at higher levels
We can witness short-covering move along with addition of fresh position only if Nifty breaches 15,250
The trend of midcap and smallcap stocks has been strong and stock specific bullishness is likely to continue
Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames
Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed
The stock of Adani Power has improved the bias with decent volume participation
The stock price of IOC has broken out on the daily chart (Adjusted for dividend) where it closed at highest level since March 2020 with higher volumes
LIC Housing Finance has witnessed a fresh breakout of late, after spending nearly a month in a consolidation range
The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.
The stock of Dhani Services is sustaining above important moving averages
Nifty, Bank Nifty and Financial Nifty indices have been forming candle with the small body for the last three consecutive sessions, which indicates that bullish momentum is getting lost
HDFC Life has been strongly maintaining an uptrend for the last one year and is currently trading closer to its record high