The Nifty 50 is trading around 200-DMA; if the selling pressure mounts then the index may see big selling pressure on stocks
The overall trend in the paint stocks remains bullish and any corrective move may see buying opportunities.
Marico should be the stock to focus on
The Nifty Midcap index may rally towards 21,000 levels
Simply put, a stop-loss is designed to limit an investor's loss on a stock. Setting a stop-loss order for 15 per cent below the price at which you bought the stock will limit your loss to 15 per cent.
Except Sun Pharma and Lupin, others have grown significantly and are showing less reversal signals.
Lupin has witnessed some erosion in recent times and has currently showed signs of bottoming out near Rs 695 levels
A candlestick defines the price movement and depending on the formation, one can determine the current sentiment and predict a trend.
The dip in Nifty should be utilized as a buying opportunity for the target of 12,150
Except Voltas and Britannia, others may see selling pressure on every upside.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Except BPCL, the others show a weaker trend. However, the correction seems to have slowed down.
A successful close above Rs 1,500 can take the counter towards Rs 1,617 levels, which is its lifetime high level
The Nifty seems to have completed wave B of the bounce and wave C up on the hourly charts is expected
Hindustan Unilever may rally towards Rs 2,300 if it trades above Rs 2,150 levels.
For Bajaj Auto, the RSI has shown a steep rise with a trend reversal and signaled a buy
The prime application of Moving Average is to find the direction of the trend, but it also identifies support and resistance levels
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities
Godfrey Phillips is approximately Rs 100 away from the lifetime high of Rs 1,572 level.