The Nifty Auto Index is currently exhibiting a weak near-term trend, as evidenced by a consistent pattern of lower tops and bottoms on the charts. This downtrend suggests that the index is struggling
In the process, volatility would remain high as expectations related to the General election outcome would have bearing on market direction in the upcoming truncated week
The Nifty Bank Index, currently trading at an unspecified price, has experienced a sharp correction on the charts recently. However, there are indications of a potential technical bounce in the near
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"
Analysing the Relative Strength Index (RSI) on weekly charts reveals a bearish signal, characterised by a pattern of lower tops and lower bottoms
Nifty fell marginally on April 09, forming a bearish dark cloud cover like pattern. While the fact that the Nifty keeps making fresh new highs is encouraging, it tends to give up intra day gains which
The Nifty Private Banks Index, currently trading at 24,395.25, is displaying indications of a correction in the near term
The Nifty Auto Index, currently trading at 21146.20, is showing signs of short-term underperformance, as indicated by its overbought condition and negative divergence on technical indicators
After a healthy correction of 13 per cent, Tata Steel stock has found support on its 50 days SMA and has bounced back
Nifty IT Index is facing significant resistance around the 35,800 mark. The recent correction in the market has initiated a downtrend in near-term, as per Ravi Nathani
SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts
The trend among stocks in oversold regions remains highly fragile and could see more downside ahead
Selective small-cap stocks may rally up to 25 per cent, as per their respective charts
The current volatility in the benchmark indices offer the ideal opportunity to accumulate pharma stocks around their respective supports
Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,
Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.
Zee Entertainment hits fresh 52-week high post approval by NCLT
A level below 19,300 would be considered bearish sign in Nifty for the short term, says Vinay Rajani, senior technical and derivative research analyst at HDFC Securities
According to Ravi Nathani, an independent technical analyst, Nifty FMCG index may witness a rebound after finding support at 51,636 and 50,650 levels
Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.