The Nifty has moved in a defined range of 24,000 - 24,400 throughout the last week; a breakout in either direct can trigger momentum, says Rajesh Bhosale of Angel One.
All you need to know before market opens on Monday: GIFT Nifty hints at a marginal dip in the aftermath of Hindenburg attack; FIIs remain net long in index futures; 15 stocks in F&O ban period today.
The Nifty 50 Index is currently trading within a well-defined range, with a resistance level at 24,400 and support at 23,880
On the weekly chart, Patanjali has previously faced notable resistance near the Rs 1,700 level. However, despite challenging market conditions this week, the stock has experienced a significant break
Schaeffler experienced a significant decline after reaching its peak near Rs 4,950, dropping approximately 1,155 points, which translates to a substantial 23 per cent decrease in price
Here are 10 penny stocks, trading in the range of Rs 6 - Rs 20, with a potential upside of up to 75%, based on the existing technical chart patterns.
Silver price outlook by Sharekhan: Silver is expected to be volatile on contrasting factors like slowdown in China, US recession concerns, volatile yields and US rate cut speculations.
Gold outlook by Sharekhan: The MCX Gold futures are expected to trade in the range of Rs 68,200 and Rs 70,700 in near term, analyst Praveen Singh.
The overall bias for RVNL stock is likely to remain positive as long as the stock holds above Rs 490 levels; however, current momentum hints at likely 9 per cent downside risk at the counter.
Short build up is seen in the Nifty Futures during the August series till now, where we have seen 3 per cent rise in the open interest with Nifty falling by 1.20 per cent
All you need to know before the market opens on Friday: The US market rallied up to 3% last night after jobless claims dropped more than expected, soothing fears of a recession; FIIs continue to sell.
Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.
Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.
All you need to know before market opens on Aug 8: Global stocks trade lower; GIFT Nifty hints at 150 pts gap-down; FIIs continue to sell; Nifty weekly expiry and RBI rate decision may set trend today
The Nifty Energy Index is currently exhibiting range-bound behavior, fluctuating within the bounds of 43,700 and 42,250
LIC Housing, Marico, JK Cement and Motherso Sumi have shed up to 15% in the last four days alongside up to 15% increase in open interest, thus suggesting short buildup at these counters.
KPR Mill, eClerx, Granules, Cera Sanitaryware and BLS International are the 5 mid- and smallcap stocks that look strong on technical charts and can potentially gain up to 43% from present levels.
The Nifty IT Index is oscillating between 38,800 and 38,000. This consolidation indicates that the index is at a pivotal juncture, where a breakout or breakdown will determine its near-term direction
Analysts believe, Indian textiles companies are likely to benefit from the Bangladesh turmoil, while that of FMCG and auto may take a hit. Here's a technical outlook on key stocks from these sectors.
The Nifty50 surged 1.35 per cent, adding 327 points to hit an intraday high of 24,382.60, while the BSE Sensex gained 1,100 points, or 1.38 per cent, hitting an intraday peak of 79,852.08.