The Nifty 50 Index is currently trading within a short-term range of 22,800 to 21,700. A breakout above or below this range could signal the next directional move for the index
One out of every 10 NSE 500 stocks has rallied over 50% so far in 2024. Here's a technical outlook on select stocks which are trading with bullish bias.
Technical outlook on Godrej group listed stocks: Shares of Godrej family have delivered mind-boggling returns of up to 73 fold in the past years. Here's what to expect in the near term.
Nifty shows lack of follow through action on the upside. It formed a higher top and could form a higher bottom shortly. On monthly charts, Nifty gained 1.24 per cent for the month of April
Technical outlook on stocks with high rollover to May series: Keep a tab on these key support and resistance levels while trading in these F&O stocks.
Stock price has broken out on the daily chart with higher volumes to close at all time high levels. Stock price has been forming bullish higher top higher bottom formation on the weekly charts
The Nifty Auto Index, currently trading at 21,896.90, is exhibiting a downward trend on the near-term charts. Given this scenario, the optimal trading strategy would be to adopt a "sell on rise"
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.
Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has reached crucial support zone of 22,000 - 21,000 on the charts.
Among others, Bajaj Auto stock may slip up to 5 per cent, while Aether Industries is expected to trade on a range-bound note, technical charts indicate.
Technical charts suggest that Suven Pharma may trade with a positive bias in the near-term, provided the stock manages to hold above these key support levels.
Shares of VIP Industries have under-performed its benchmark NSE 250, with a fall of nearly 29 per cent as against a rally of 67 per cent in the last 18 months.
Apar Industries, CESC, Glenmark, Jubilant Pharma and Power India are trading in overbought zone; charts suggest bias to remain positive as long as these support levels hold.
As per an affidavit filed with the Election Commission of India, Rahul Gandhi's top stock holdings include Pidilite Industries, Bajaj Finance, Nestle, ITC, Hindustan Unilever and Tube Investments.
The Nifty IT index as underperformed the benchmark Nifty 50 so far this year. Will the upcoming Q4 results revive sentiment at these counters? Charts suggest that these 4 IT stocks look promising.
Nandish Shah of HDFC Securities recommends to Buy Tech Mahindra 1300 CALL and simultaneously Sell 1340 CALL for the April expiry.
The Nifty Metal index has gained 6% in the last 3 days outperforming the benchmark Nifty. Here's a technical outlook on SAIL, Tata Steel, JSW Steel and Jindal Steel.
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty needs to break from the 22,204-22,529 range for fresh direction.
Technical charts suggest defence related stocks can rally up to 21 per cent from present levels; watch out for these key levels.