Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,
Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.
RSI has fallen below benchmark level of 50 for Bank Nifty, indicating a bearish trend, says Nandish Shah of HDFC Securities
According to Ravi Nathani, an independent technical analyst, charts reveal an encouraging trend for Nifty Energy index, signaling a positive breakout
Trend in rate-sensitive stocks remains mixed, with stocks like Manappuram Finance, M&M and Union Bank of India showing resilient up move, while a few others display fragile outlook
According to Ravi Nathani, an independent technical analyst, said that Nifty Pharma's recent surge to all-time high signals strong positive sentiment, but proximity to overbought levels needs caution
Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.
A level below 19,300 would be considered bearish sign in Nifty for the short term, says Vinay Rajani, senior technical and derivative research analyst at HDFC Securities
According to Ravi Nathani, an independent technical analyst, Nifty FMCG index may witness a rebound after finding support at 51,636 and 50,650 levels
While the trend looks fragile, key supports are continuing to bolster the up move
OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.
According to Ravi Nathani, an independent technical analyst, a downward correction is likely for Nifty50 if it breaches below 19,300-mark
Bajaj-Auto, HIndalco, Dr. Reddy's Laboratories, NTPC, and IDFC First Bank may rally up to 15 per cent, show technical charts
Hindustan Unilever to hit new 52-week low if the support of Rs 2,520 is breached
Nifty Realty index to rise up to 5 per cent in the coming weeks, post delivering bullish breakout on the charts.
So far this year, NTPC has soared 36 per cent, Torrent Power zoomed 39 per cent and Power Grid Corporation of India advanced 21 per cent. Overall trend in these power stocks continues to remain sturdy
Barring, Pfizer, Gland Pharma, and Laurus Labs, all other constituents of Nifty Pharm Index trade over the 200-day simple moving average (SMA),
Nifty50 and Bank Nifty indices crucial support (immediate) at 19,575 and 45,236; should be bought as the overall trend remains bullish, says Ravi Nathani
Trend in Bajaj twins remains sluggish and may slide in bear's grip if key levels are breached
Buy Bank Nifty 45,500 Put option and simultaneously Sell 45,500 Call of the 03-August expiry, suggests Nandish Shah, Sr. derivatives & technical research analyst at HDFC Securities.