Technically, the Nifty 50 index is seen quoting above key moving averages across time-frames, which is a bullish sign. Here are the key support and resistance levels to watch out for on the index.
Coforge and Vesuvius have rallied up to 29% post announcement of stock split; technical charts suggest these 2 stocks could rally another 16% from present levels.
From a technical breakout to historical trend; here's what technical analysts across brokerages say after Nifty logs its best-ever single-day rally.
Weekly market outlook, May 12 - 16, 2025: Key momentum oscillators on the daily and weekly technical charts indicate a mixed outlook for the BSE Sensex and the NSE Nifty in the near-term.
Short build up is seen in the Indigo Futures, where we have seen 6 per cent rise in open interest with price falling by 4 per cent.
SRF is on the verge of a consolidation breakout as the price up move has been supported by good volumes. The 50 DEMA has acted as a support on declines where buying interest is seen
Shares of Glenmark, Chambal Fertilisers, Blue Dart, Max Healthcare and CCL Products may trade with a positive bias in the near-term as these stocks are favourably placed on the technical charts.
The Nifty has near-support at 24,200, below which the key support will be the 200-DMA at 24,050 levels, shows the technical chart.
Nifty50 formed a bearish candle on daily frame to close with losses of around 80 points and has started to form lower highs from the last two sessions
With a likely trading Nifty range of 23,700-24,700 in the coming week, a Short Strangle strategy could be an effective way to capitalise on expected consolidation
Technically, the stock has near support at ₹ 960; below which the most important support level coincides with the key indicator on the weekly and monthly charts. Check key levels here
Indus Towers, Godrej Agrovet, Phoenix Mills, Ajanta Pharma and Star Health stocks dropped up to 12% in intra-day deals on Friday; here are the key levels to track on these 5 stocks.
The NSE Nifty has been struggling below its weekly trend line resistance since October 25, 2024; a breakout can potentially trigger a 6 per cent rally on the index, suggests technical charts.
Kalyan Jewellers stock has swung over 40% twice so far in 2025, and over 30% four times in the last four months. Technical chart suggests that the stock could potentially rally over 25% from here on.
Technically, the short-term trend for IndusInd Bank looks favourable; but chart cautions that stock may face challenges around its 100-DMA, and the weekly trend line resistance. Check key levels here
Stocks to Buy Today: Ajit Mishra of Religare Broking recommends a buy on Maruti Suzuki, Manappuram Finance and Petronet LNG on Friday, May 2, 2025.
Technical charts indicate that Bajaj Finance and Bajaj Finserv are threatening to trigger a sell call; post which these stocks can decline up to 11 per cent from present levels.
Nifty50 has formed a small bodied bearish candle on a daily frame but has started to form higher lows from the last two sessions
The Nifty Oil & Gas index is approaching its 200-DMA after a gap of six months, breakout can lead the index to 12,450 levels; suggests technical charts. Here are 3 oil & gas stocks poised for a rally.
Short-term technical indicators suggest that the market is temporarily overbought, increasing the probability of near-term consolidation