Tata Chem made an equally sharp reversal after the vertical decline in March 2020 and has made a new record high at Rs 345.90 in August
The level of 11,000 will act as support for the Nifty as maximum put open interest (OI) is placed here
The stock of State Bank of India has taken support near 180-levels which has formed a good base and has picked up momentum to improve the bias
Nestle surpassed its short term 21-DMA and long term 200-DMA, placed at Rs 16,000 levels. The momentum indicators and oscillators are in the buy mode on the daily scales which hints of further upside
Nifty could face firm support in sub 11,600-zone.11,600 will act as support as maximum put OI is placed here
Support for the Nifty is shifted up to 11,400, which should be kept as a stop loss in long positions. The upside target for Nifty is seen at 11,800 odd levels
Berger Paints has resumed the uptrend and is currently trading at its record high. Indications are in the favor of prevailing momentum to extend upside further
The stock of Bharat Forge has formed a strong base and has started making a higher top and higher bottom formation on the daily chart
Short term trend of the stock is positive where stock price is trading above its 5 and 20-day SMA
The momentum indicators and oscillators are in the buy mode on the daily scale for Muthoot Finance
The stock of Indian Hotels has recently bottomed out near 90 levels and has picked up momentum to improve the bias
The auto pack has been showing tremendous resilience on every dip and TVS Motor is keeping with the trend. It has rebounded sharply after a dip last week and again trading closer to the yearly high
The stock of Radico Khaitan has found the support of its rising trend line and has also formed a reversal candle on the daily chart
Primary trend of the stock is negative where stock price is trading below its important moving averages
Nifty has violated the support of its 50 days EMA. The trend would be considered bearish unless Nifty closes above 11,450
The stock of UPL is making a higher top and higher bottom formation on the daily chart which indicates every decline will attract fresh buying interest from lower levels
The stock of ICICI Bank has witnessed a decent correction recently and has maintained the support zone near 360 levels
Long build up is seen in the Manappuram fin Futures' where we have seen 7% (Prov) rise in the Open Interest with Price closing flat
All indicators point to a gradual rise in Aurobindo Pharma's stock from the 100 EMA support
Close above 11,585 would negate the bearish setup on the short term charts and could push Nifty towards the recent high of 11,794