Short covering was seen in the Divi's Lab Futures' where we have seen 1 per cent fall in the Open Interest with price rising by 3 per cent
The stock of HDFC Bank is showing signs of reversal which hints of further positive momentum in the counter
Nifty50 has been finding support at its 8-day EMA, which is currently placed at 13,438
In line with other oil marketing stocks, the stock price of Hindustan Petroleum has been witnessing gradual recovery for the last two months
The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter
Traders should try to create a long position keeping a close eye on 13,400
With a broader view, 14,000 and beyond levels are very much possible, but for the time being 13,500 - 13,600 are the extreme levels as per few key Fibonacci ratios
The RSI has recently indicated a trend reversal and is on the rise to show strength in BPCL
Hero Moto stock is witnessing a resistance breakout from its immediate resistance level placed at Rs 3,205.
As far as support is concerned, 13,145 is a crucial level to watch out for
Glenmark Pharmaceuticals has recently witnessed a breakout with a noticeable rise in volume, after spending nearly 4 months in a consolidation range of 460-515 levels
If HDFC Bank stock slips below 1,370, we may see extended profit booking in this stock
The RSI indicator for HUL share (Hindustan Unilever share) has suggested a trend reversal to signal a buy
We can witness short-covering move along with addition of fresh position only if Nifty breaches 13.200
Traders shouldn't miss this buying opportunity in Sun Pharmaceutical share and should create fresh longs
Better-than-expected Q2 GDP data numbers might help index to move in the positive territory
The stock of Hero Moto Corp has indicated a reversal from the oversold zone to signal a buy
Stock price has broken out on the daily chart with higher volumes where it closed at nine-month high
A fresh buy crossover can be seen on MACD indicators for HCL Tech, and RSI has reversed from the oversold territory which hints at a strong pullback in the short term
Nifty50 index also remains above the 20-day SMA and has now closed at a new life time high after clearing the recent highs of 12,963