Price rise is accompanied by the rise in the volume, suggesting strength in the uptrend. Stock price has broken out on the daily chart with higher volumes to close at highest level since 10 April 2024
Nifty Bank strategy: On the downside, support levels are expected to be around 48,800 and 48,600 for the Nifty Bank index, charts show
Stock picks for April 24, Wednesday, based on technical analysis: NCC, Aegis Logistics, GNFC, Manappuram Finance and Castrol India look positive on the daily charts as Nifty SmallCap scales new high.
Nuvama Institutional Equities, in report based on technical analysis, expects the Nifty MidCap to turn bullish above 48,100 and SmallCap above 15,400 levels.
High stock valuation is another hurdle for the manufacturer of adhesives and construction chemicals
Stocks to Watch on Monday, January 1, 2024: The RBI has allowed ICICI Prudential Asset Management Company to acquire aggregate holding of up to 9.95 per cent in Karur Vysya Bank
Bharti Airtel, Wipro, HCLTech, Tech Mahindra, Tata Consultancy Services and Maruti were among the gainers
Trend among these buzzing stocks remain optimistic, as per their respective charts
The trend among stocks in oversold regions remains highly fragile and could see more downside ahead
The Mid-cap index is displaying robust momentum, with price action headed towards 40,000-level.
The trend in these stocks remains highly robust, with price action exhibiting strong interest from market participants.
Trend remains optimistic in RIL, ONGC, M&M, KEX and Titan shares, as per their respective charts.
Selective small-cap stocks may rally up to 25 per cent, as per their respective charts
Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.
Zee Entertainment hits fresh 52-week high post approval by NCLT
Trend in rate-sensitive stocks remains mixed, with stocks like Manappuram Finance, M&M and Union Bank of India showing resilient up move, while a few others display fragile outlook
While the trend looks fragile, key supports are continuing to bolster the up move
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.
So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy