Oscillators like RSI and MFI have broken out from the downward slopping trendline, indicating strength in Nifty's current rally
Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart
According to analysts, market rally in the new calendar year may not be as sharp as seen in recent months as the markets are currently pricing in a lot of positives
Nifty has broken out from the rising wedge pattern on the daily chart
The level of 11,000 might act as support
Wipro's stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes
TVS Motor's stock has failed to surpass the resistance zone of the long-term moving average on the daily chart
One can develop his/her own remote model, which should be able to achieve over 80 per cent accuracy.
Mahindra & Mahindra's stock has provided a breakdown from a rising wedge pattern on the daily chart
For Tata Steel, keep a stop at 380 and go short
Indications are in the favor of marginal consolidation followed by steady rebound ahead for Marico
Marico has currently given a decent bounce with a positive bias and the RSI is also showing a trend reversal with a buy signal
Nifty view and stock recommendations by Vaishali Parekh of Prabhudas Lilladher
For Titan's stock, keep a stop at 1,165 and go short. Add to the position between 1,140-1,145. Book profits at 1,135.
Nifty is able to breach the level of 11,800, it will lead to sell-off which will open the risk of correction up to 11,650
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
As regards Biocon, the stock has provided a breakout from the inverse head and shoulders pattern with an increase in volume. There is a buy crossover in its oscillators as well
Here are the technical recommendations by Vinay Rajani, Technical & Derivatives Analyst, HDFC Securities.
Stock recommendation by Jay Anand Thakkar,CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.