The stimulus package announced by the government since the past few days may trigger a further upside in these stocks over the next few days.
Finance Minister Nirmala Sitharaman announced a major liquidity boost of Rs 75,000 crore to NBFCs and microfinance institutions (MFIs).
It gives signals that can establish a potential trade. The accuracy is decent and the trader needs to be on his toes to capture the price move.
Benchmark indices, S&P BSE Sensex and NSE's Nifty gained ground on Wednesday, a day after Prime Minister Narendra Modi announced a Rs 20 trillion economic boost for Covid-19 hit economy
RIL, Infosys and Hindustan Unilever - accounted for nearly 51 per cent of the rise in the Sensex, from its 52-week low on March 23
Better the hold on Fibonacci Retracement, Moving Averages and Trednline, the trading bets become more convincing
As the Nifty Bank index shows a negative reversal, the banking stocks are struggling to conquer their respective resistance levels.
HUL looks subdued, however, RIL and Tech Mahindra may see a promising rise towards their respective resistances.
Although Nifty Auto shows tremendous optimism, Nifty Bank may see profit-booking at crucial levels going ahead.
The Morning Star is considered as a positive indicator, whereas Evening Star denotes a negative turnaround.
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
How should you trade the financial sector stocks after the RBI's liquidity measures? Are the banking stocks likely to gain ground in the days ahead? Here is what the charts suggest.
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground
Cipla may see profit-booking around Rs 360 to Rs 367 levels, as per the weekly chart.
While considering a larger outlook, one needs to look at signals wherein the change in trend holds over a month or a quarter.
Until there is a major shift in the mood of traders and investors, this segment may continue to show deterioration in value.
Despite the stimulus measures by the government and the Reserve Bank of India (RBI), financial sector stocks, including those of non-bank finance companies (NBFCs) have taken a hard knock
A trader who looks for short-term gains, hold positions for a week or fortnight.
The trend looks weak below 5,000 levels for the Nifty Auto index. Although the current formation claims consolidation with lower support around 4,600 levels, the trend remains short on upward rallies