Page 12 - Technical Calls

Nifty PSU Bank in correction, Nifty Private Bank facing near-term downturn

The Nifty PSU Bank index is undergoing a correction phase, and a fresh buying momentum is anticipated only if it closes above 6,225, as per Ravi Nathani

Nifty Bank rangebound on charts in near-term: Check levels to watch out

A detailed analysis indicates a trading range between 46,050 on the upper side and 44,430 on the lower side, as per Ravi Nathani

Nifty50: Near-term consolidation with negative bias on cards

Nifty outlook: Short-term charts unveil a cautious scenario, where a fresh bullish momentum is anticipated only beyond the 22,124 mark, as per Ravi Nathani

Nifty FMCG downturn possible below 55,150; Nifty Realty to be rangebound

A prospective downturn is anticipated, contingent upon the Nifty FMCG index breaching the crucial threshold of 55150, as per Ravi Nathani

Nifty Pharma, Nifty Energy eyeing correction on charts: Check key levels

Technical indicators for Nifty Pharma are aligning with the bearish sentiment as the RSI has declined to 59, signaling a potential downtrend, as per Ravi Nathani

Bank Nifty to see bullish moves above 48,400; MOIL, KPIL top buy calls

Bank Nifty ended the previous session with "Doji" candlestick pattern on the daily chart, which indicates indecision amongst the traders, as per Vinay Rajani

Nifty IT seen weak on charts, Nifty Auto rangebound: Check trading strategy

Adding to the cautionary signals, the RSI in Nifty IT index has recently broken below the 70 mark, reaching a reading of 66.27, said Ravi Nathani

Here's why you should consider booking profit in Nifty PSU Bank index

The recommended trading strategy for PSU Bank index is to "sell on rise" or consider booking profits and maintaining a cash position, says Ravi Nathani

Nifty50, Bank Nifty: Sell on rise trading strategy ideal; check key levels

It's imperative to acknowledge the negative divergence indicated by the RSI, suggesting a cautious stance on Nifty50, says Ravi Nathani

Nifty Realty, Nifty FMCG in overbought zone: Avoid fresh long positions

Investors may consider booking profits either at the CMP or during any subsequent rise in prices in Nifty Realty, as per Ravi Nathani

Nifty Energy, Pharma reaching near resistance levels; Check how to trade

Resistance for Nifty Energy index is anticipated around 34,000 and 34,300, signifying potential areas where selling pressure may intensify, as per Ravi Nathani

Nifty likely to be sideways; Nocil, Alkyl Amine top tech calls for Jan 3

Nifty could now remain in the 21,770-21,477 band for the near term, a sper Vinay Rajani of HDFC Securities

Nifty Financial seen rangebound; Nifty PSU Bank faces resistance at 5,800

Nifty PSU Bank index has encountered notable resistance around the 5800 levels. The recommended trading strategy thus involves selling on rallies with a prudent stop-loss, says Ravi Nathani

Nifty Metal weak on charts, Nifty Pharma rangebound: How to trade them?

Only a decisive close above 7,616 in Nifty Metal would indicate a potential reversal, opening the door for further upward movement with the next target at 7,740, says Ravi Nathani

Nifty FMCG, Nifty Energy: Sell on rise amid likely correction ahead

The anticipated profit booking in Nifty FMCG is expected to continue until the index reaches support levels at 53,681 and 53,100, says Ravi Nathani

Nifty50 trend bullish; Nocil, GSFC top technical calls for December 20

Nifty continues to remain in a bullish trend and holding longs with trailing stoploss is the ideal strategy, says Vinay Rajani

Nifty IT, Nifty Auto: Charts signal pullback; Check levels to keep on radar

As per Ravi Nathani, prevailing indications suggest a higher likelihood of a downward trigger in Nifty Auto given the negative bias in the technical indicators

Nifty PSU Bank, Nifty Private Bank overbought on charts: How to trade?

The identified consolidation range for Nifty PSU Bank is between 5,864 and 5,581 and a close above or below this range would serve as a trigger, says Ravi Nathani

Nifty in overbought zone, Wait for dips in Nifty Bank before fresh buying

An optimal approach for Nifty Bank involves patiently awaiting dips and pullbacks to key support levels situated at 46,300, 45,825 and 45,410, says Ravi Nathani

Chart check: Wait for dips in Nifty FMCG; book out profits in Nifty Energy

Traders are advised to exercise patience and wait for opportune moments to capitalize on potential price dips in Nifty FMCG and its stocks, says Ravi Nathani