The Jefferies report said that within the Nifty 100 several PSUs such as State Bank of India, GAIL, ONGC, NTPC, Bank of Baroda, Punjab National Bank & Power Finance Corporation slipped below GFC lows.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Sectors like banks, non-bank finance companies (NBFCs), consumer durables and non-durable players, would all make interesting bets.
Nifty has never been able to close above its 5-day EMA since February 19, 2020
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Gold is positive but overbought in short term, so, do not to take a fresh long position from here but let it come around to Rs 42,550 for fresh long positions
Indications are in the favor of marginal consolidation followed by steady rebound ahead for Marico
Infosys has been gradually rebounding for the past three months, after a sharp decline from its record high.
With the consolidation with a positive bias witnessed in Mahindra & Mahindra in the last 2-3 days, further rise is likely in the days to come
Derivative strategy on Pidilite Industries by Vinay Rajani -Technical and Derivatives analyst, HDFC Securities.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
For Praj Industries, the RSI has shown signs of positive bias with good volume
For Godrej Industries, the RSI has also recovered decently from the highly oversold zone and indicated a trend reversal to signal a buy
The up-move in Asian Paints was supported by an exceptional rise in volume, indicating a possible continuation of the positive momentum
CONCOR has retraced considerably from its record high and reached closer to the support zone of the long-term moving average (200 EMA) on the daily chart
Castrol India has made a more or less higher bottom formation pattern on the daily chart and has bounced back with a positive candle to signal strength
Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities
Biocon has maintained a strong base near 280 levels which is a good support level and currently has indicated a positive bullish candle pattern to imply strength
Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.
Nifty has for now shown resistance at its triple top level near 12,300 levels