Page 16 - Technical Calls

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

Minor pullback in Nifty IT; range-bound movement in Nifty Auto likely

The optimal trading strategy for risk-tolerant traders involves selling Nifty IT either at the current levels or on upward movements, suggests Ravi Nathani

Nifty Financial Services, Nifty Private Bank: Avoid taking short positions

Consider booking profits on upward movements in Nifty Financial Services, suggests Ravi Nathani

Nifty resistance seen at 20,475-20,575; Bank Nifty likely to join rally

As per Ravi Nathani, the trading strategy for Nifty should be to book profit at resistance levels, adopting a cautious stance as the overall trend on charts remains bullish with strong signals

Nifty Metal, Nifty Pharma: 'Sell on rise' as charts suggest likely pullback

Technical indicators such as RSI and Stochastic are currently situated in the overbought zone for the Nifty Pharma index, said Ravi Nathani

Sell on Rise: Nifty FMCG and Nifty Auto ripe for profit booking

A decisive close above 16,880 is essential to trigger a renewed wave of bullish sentiment in both Nifty Auto and its constituents, said Ravi Nathani

GNFC, Canara Bank strong on charts; top technical picks by HDFC Securities

As per Vinay Rajani, in the October series, GNFC has seen a long build-up in the derivative segment, which confirms the uptrend

Nifty Auto eyes fresh selling below this level; Buy Nifty IT near support

As per Ravi Nathani, traders should wait for the correction to complete and start buying Nifty IT index at or near the support level of 29,800