The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.
Among existing gainers, Divi's Lab and Shriram Finance seem poised for further gains, whereas losers IndusInd Bank and Nestle too look promising on technical charts; check key levels.
F&O Cues: Granules India has shed 20.8% on the back of 78% increase in OI in the last four days; here's a trading guide for stocks with short buildup in the September series.
Technical chart flag caution at the Bajaj twin counters owing to formation of a 'Bearish Engulfing' candlestick pattern on the daily scale; check key support, resistance levels here
Technical charts suggest that the bias for Gold is likely to remain positive as long as Rs 73,100 holds; while in case of Silver the bullish pivot stands at Rs 89,000.
The BSE Sensex, NSE Nifty can gain another 2% from present levels; while the Nifty IT index could see a sharp 6% rally; suggests technical charts.
KIMS, Monarch Networth can potentially rally up to 11% from adjusted stock price; whereas, Bigbloc Construction and Andhra Papers may witness weakness in the near-term; suggests technical charts.
The Bollinger Bands on the daily scale had contracted to an extremely narrow range of Rs 1,620 - Rs 1,655; thus warranting a breakout in the near-term. Here are the key levels to watch out now.
Here's a technical outlook on stocks linked to crude oil prices, which is down 23% from its peak and trades near 3-year lows. Among stocks, Asian Paints and MRF look favourable on charts; here's why.
Technical outlook on Vodafone Idea: The stock is trading with a weak bias below its 200-DMA after a gap of 14 months; it needs to break above Rs 15.40 for the sentiment to revive, suggests chart.
After ICICI and Wockhardt; M&M, Dr.Reddy's and Pidilite are the latest company names to be dragged in the Congress versus Sebi chief controversy. Here's a technical outlook on these stocks.
Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.
The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.
The Nifty weekly chart saw formation of a 'Bearish Engulfing' pattern last week; earlier the monthly chart saw 'Hanging Man' structure. Both patterns technically indicate a likely trend reversal.
Retail investors hold up to 45.5% stake in these 3 stocks which have under-performed thus far in 2024. What should be your trading strategy here? Find out
Technical chart shows that MFSL stock is facing some resistance around Rs 1,140 level; while the short-term trend may turn cautious, the overall trend seems positive; check key levels here.
Suzlon the multibagger stock: In the last 18 months Suzlon has spent notable time below its 20-DMA only on four occasions; Chart suggests the stock could correct up to 25% from present levels.
Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.
NMDC Steel, Network18 and Trident among 5 BSE A-group stocks that can fall up to 17%, suggest technical charts.
Derivatives market update for Sept 04: FIIs continue to hold long bets in index futures in the 5:2 ratio, while DIIs and retail hold shorts in 3:2 ratio. Three stock in F&O ban on Wednesday.