Page 38 - Technical Charts

Nifty FMCG index expected to turn bullish on clearing the hurdle at 52,600

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index faces a formidable hurdle between 52,380 - 52,600; a breakout above this range can trigger a fresh wave of buying.

Nifty Pvt Bank, Nifty Fin Services: Here's why you should look to buy

According to Ravi Nathani, an independent technical analyst, Nifty Private Bank index can be bought at existing levels, while one should prefer to buy Nifty Financial Services Index on dips.

DLF, Oberoi Realty zoom up to 70% so far in 2023; will the rally last?

Charts suggest that the bias for the realty stocks is likely to remain favourable as long as they hold these key support levels.

Bank Nifty in pullback mode; breakout above 44,000 can trigger fresh rally

According to Ravi Nathani, an independent technical analyst, technical indicators on the Nifty 50 chart too are showing a positive trend, hence on can consider to buy Nifty on dips.

F&O Strategy: Bull Spread on NMDC for Nov expiry

Nandish Shah of HDFC Securities recommends to Buy NMDC 160 CALL and simultaneously sell 170 CALL of the November series.

Nifty Pharma index needs to breakout above 14,900 for a bullish move

According to Ravi Nathani, an independent technical analyst, the select momentum oscillators on the Nifty IT index have reached oversold zone, thus suggesting a potential rebound in the near term.

Nifty Metal index looks weak on charts; Oil & Gas seems range-bound

Ravi Nathani, an independent technical analyst, recommends initiating short positions on rise on the Nifty metal index with a stop at 6,550.

Trading strategies for Nifty PSU Bank, Pvt Bank, Financial Services indices

According to Ravi Nathani, an independent technical analyst, the Nifty Pvt Bank and Financial Services indices can be bought on dips, while the Nifty PSU Bank index seems range-bound on the charts.

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

F&O Strategy: HDFC Securities recommends Bear Spread on Bank Nifty

Buy Bank Nifty 43800 Put option and simultaneously Sell 43400 Put of the 26-October expiry, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.

Nifty IT, Metal indices: Adopt 'Sell on Rise' strategy; here's why

According to Ravi Nathani, an independent technical analyst, one can consider to sell the Nifty IT and Metal indices near resistance levels.

Trading strategies for Nifty Auto, Pharma indices; check key levels here

The Nifty Auto index is exhibiting a bullish trajectory, and can be bought with a stop at 16,436, sugges3ts Ravi Nathani, an independent technical analyst.

Nifty FMCG likely to exhibit bullish bias; Metal needs to clear 6964 hurdle

The Nifty FMCG can potentially rally nearly 2 per cent from current levels, to near about 53,625, says Ravi Nathani, an independent technical analyst.

Nifty50 index confined within a 400-point trading range, indicates chart

Similarly, the Bank Nifty is seen consolidating in between the 44,764 - 43,781 points range, says Ravi Nathani, an independent technical analyst.

Nifty Midcap 50 index calls for 'wait and watch' strategy

According to Ravi Nathani, an independent technical analyst, Nifty Midcap 50 seenms trapped in the 11,800 - 11,275 range for now.

Nifty Pharma, Metal: Key levels to watch out on these range-bound indices

According to Ravi Nathani, an independent technical analyst, Nifty Pharma index is oscillating between 15,450 and 15,000; whereas, the Metal index is moving in a range of 6,900 to 6,600.

Support for Nifty shifts higher to 19,480; resistance seen at 19,766

Among individual stocks, Vinay Rajani, technical & derivative analyst of HDFC Securities, recommends a Buy on Gujarat Alkalies and MSTC.

Nifty FMCG, Auto: Charts indicate divergent trend for these two indices

According to Ravi Nathani, an independent technical analyst, Nifty FMCG index stands resilient, and promises potential gains in this nuanced market landscape.

Nifty Financial, Private Bank offer buying opportunities; check levels

According to Ravi Nathani, an independent technical analyst, Nifty Financial index can be bought with a stop at 19,570.

Nifty trapped in 19,300-19,800 range; Bias posiitve Bank Nifty above 43,600

According to Ravi Nathani, an independent technical analyst, Traders can either await a decisive breakout or opt for a riskier approach by shorting near the upper consolidation boundary.