These 5 smallcap stocks have given a breakout on the hourly time-frame hence are expected to trade with a positive bias in the near-term, suggests the technical charts.
The Nifty 50 Index is expected to trade within a well-defined range between 25,235 and 24,700
Hero MotoCorp stock so far on 5 occasions has successfully managed to hold the 100-DMA support, since the breakout in May 2023. Will it be sixth-time lucky too? Check upside, downside potential here.
Tech charts show that RVNL, IRCTC, IRFC, RailTel and Texmaco Rail were trading below long-term moving averages on the daily scale; however, select stocks were seen seeking support on the weekly scale.
The Nifty Pharma Index is currently trading within a well-defined range between 23,800 and 22,700. A breakout above or below these levels will likely trigger a directional move
TRF, Automotive Stampings, Orient Hotels and NELCO can surged up to 24% from present levels, suggest technical charts. The trend, however, looks weak for Tejas Networks.
Derivatives market update Oct 10: FIIs open positions in Bank Nifty up over 200% since the start of Oct; overall long-short ratio in index futures now at lowest level since June.
There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.
The Nifty Bank, Nifty PSU Bank indices are likely to extend the pullback in the near-term; Auto index too seems favourably placed, while the Realty index remains on weak ground, shows technical charts
Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.
The Nifty 50 Index is experiencing a downward trend in the near term. However, the index is approaching a strong support zone at 24,800
Reliance Industries stock traded below the 200-DMA in Navratri 2023, and has now once again slipped below the key long-term moving average after almost a year. Check key support levels for RIL here.
ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.
Time be cautious? In the past, the NSE Nifty 50 index has plunged as much 65% from its high after the monthly RSI peaked above the 80-mark. At present, Nifty monthly RSI stands near 83.
BDL, Siemens and Colgate Palmolive among 5 stocks that look favourably placed on the technical charts for short-term gains; check key support, resistance levels here.
Hindalco, SAIL and Hindustan Copper seem to be favourably placed on the technical charts and can potentially rally up to 13 per cent from present levels; check key support and resistance levels here.
Nifty trend in 2024: The NSE benchmark has corrected as and when the difference between the spot Nifty and its 200-DMA expanded beyond the 13%-mark. Here's all you need to know.
Technical chart suggests that ACC, IRCTC, PND and Aarti Industries could slide up to 28% from present levels owing to formation of 'Death Cross' on the daily chart; a long-term bearish indicator.
Voda Idea stock is seen trading below its key moving averages and now testing key support levels on the monthly scale, levels not violated since December 2021; check key levels here
The Nifty Energy Index is showing a bearish trend in the near term, as indicated by multiple technical indicators such as RSI, MACD, and Stochastic, which all suggest further downside movement.