Long build up is seen in the Lupin Futures, where we have seen 2 per cent rise in the open interest with price rising by 1 per cent
Technically, IndiGo stock seems to be facing resistance around its 100-DMA on the daily chart; however, the short- and the long-term trend seems favourable for the stock.
Nifty IT index remains range-bound, trading between 44,400 on the upper side and 42,800 on the lower side, while, Nifty Auto index is currently exhibiting a bearish trend in the near term
The markets experienced a volatile session and ended nearly flat, taking a breather after three consecutive days of gains
The price has breached out of a consolidation zone and has given its highest daily close ever.
Technical charts suggest that stocks like TVS Motor, Lodha, DLF, Jio Financial Services and Federal Bank can potentially rally up to 19 per cent from present levels.
Technical charts suggest that Vodafone Idea stock can potentially rally to Rs 10.90 on the upside, provided the stock sustains above this resistance zone.
Emami has broken out of a bearish trendline, suggesting that downward pressure has been alleviated, paving the way for a potential bullish move
Spot gold is expected to be choppy on crosscurrents of haven demand on geopolitical worries and healthy risk appetite
The Nifty Energy index is currently consolidating, while, Nifty FMCG has witnessed a temporary technical bounce
The Nifty has demonstrated resilience throughout this consolidation phase, and the upcoming monthly expiry of November derivatives contracts on Thursday
The Nifty IT index has recently witnessed a sharp rally, while Nifty Auto is currently in a consolidation phase following a sharp correction
Analyst has suggested buying two banking stocks; Check out the target price and stop loss
The metal consolidated its losses on Tuesday and was trading nearly 0.18 per cent up at $30.36 at the time of writing this report
The Nifty Bank index is on the brink of a potential breakout, with stiff resistance at 52,580, while, the Nifty Financial Services index is currently exhibiting a bullish trend
Coal India, Tata Elxsi, Schaeffler and ELGI Equipments have witnessed a 'Death Cross' pattern on the daily chart; hence are likely to face downward pressure going ahead.
In the previous trading session, it broke above the highs of the last four days, supported by a bullish divergence on the daily chart, which further strengthens the case for upward momentum
Bhosale recommends one auto stock and one fertiliser stock to buy today
The Nifty index has witnessed a sharp correction, positioning it firmly in the oversold zone, Nifty Midcap Select index is currently exhibiting range-bound behaviour
Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions