The NSE Nifty 50 index tested the 200-DMA as it hit an intra-day low at 25,085 in intra-day trade on Wednesday. Technical analysts caution against further fall in the market.
Aakash Shah, Technical Research Analyst at Choice Equity Broking believes that the bias for Kalyan Jewellers stock is likely to remain bearish as long as the stock trades below ₹440 - ₹450 zone.
Kunal Kamble, senior technical research analyst at Bonanza, has recommended buying shares of Hindustan Zinc, Dalmia Bharat, and Gujarat Pipavav Port
According to Vinay Rajani, senior technical and derivative analyst at HDFC Securities, With bearish trends confirmed across all timeframes, a break 200DMA levels could trigger further selling
Drumil Vithlani of Bonanza reckons that support for Vodafone Idea can be anticipated in ₹9.80-₹9.60 range; below which the stock can technically lose momentum.
The NSE Nifty has declined over 3 per cent (800 points) from its record high of 26,373 hit on January 5, and is currently seen hovering around the 100-DMA. Here's what market experts have to say.
Reliance Industries stock today dropped below its long-term 200-DMA for the first-time since April 28, 2025. Take a look at how the stock is placed on the daily, weekly and monthly charts.
Aakash Shah of Choice Equity Broking says that HDFC Bank may remain tepid as long as the stock trades below ₹970; while ICICI Bank needs to sustain above ₹1,380 to maintain its long-term positive bias
Ajit Mishra of Religare Broking has recommended buying Axis Bank, HCL Tech, and Tata Steel shares today
According to Vinay Rajani of HDFC Securities, the stock price of Oil India is trading above all key moving averages, indicating an uptrend across all time frames
Stocks to buy today: Fortis Healthcare, and Equitas Small Finance Bank are the top bets of Osho Krishan, chief manager - tchnical & drivatives Research at Angel One
The Nifty Auto index has zoomed as much as 157.8 per cent in the last four calendar years as against a 50.6 per cent surge in the benchmark Nifty 50, shows data.
ITC stock is seen trading near its 4-year monthly Supertrend line indicator for the first time since September 2021.
Decisive close below 50 DEMA would result into positional bullish trend violation in Nifty. On the upside, a level above 26,100-26,150 band would bring back the bullish momentum in the Nifty
Similarly, ICICI Bank and Asahi India too registered a close below the Supertrend line indicator on Monday.
The derivatives data reflects at a cautious and guarded market stance, with Call writers at slight advantage, explains Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.
Analysts believe that valuation comfort coupled anticipated revival in earnings and possible reversal of AI trade offer a better risk-reward scenario for Indian IT firms.
RVNL, Jupiter Wagons, KEC International, JSW Infra, GE Vernova, HBL Engineering, KSB, Lloyd Metals and Sagility are seen trading above the Supertrend indicator in Monday's intra-day trade, show charts
Osho Krishan of Angel One has recommended buying Ceat and Godrej Consumer Products; here's why
The Relative Strength Index (RSI) is a technical momentum indicator which helps in determining overbought and oversold stocks; in general, a reading below 30 is considered as oversold.