Sensex, Nifty trade set-up for Monday, June 24: Daily chart suggests that the rally on the Nifty is showing signs of tiredness; near support seen at 23,400, here's what experts recommend.
Stock market Highlights on Friday, June 21: On BSE, Bharti Airtel, Infosys were among the top gainers while UltraTech Cement and L&T were among the top laggards
Analysts believe a likely pick up in credit growth and hopes of a rate cut by the Reserve Bank of India should keep the momentum alive in bank stocks.
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.
The Nifty Auto Index is currently trading at 25,267.85. The near-term trend for this index appears to be downward on the charts, with strong support expected around the 24,500 level
Trade set-up for Friday, June 21: The Sensex and Nifty may seek to extend the winning run to third straight week amid mixed global cues, and renewed buying by FIIs.
Long build up is seen in the Bank Nifty Futures, where Open Interest rose by 7 per cent(Prov) with Nifty rising by 0.75 per cent
ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels
All you need to know before the stock market opens on Thursday June 20: FIIs net bought stocks up to Rs 8,000 crore yesterday; and also turned net long in index futures for the first time since May 28
The key momentum oscillators of these four NSE smallcap stocks are showing a negative divergence; hence these stocks are likely to trade with a downward bias in the near term.
So far in June 2024, the NSE benchmark has gained more than 1,000 points and hit as many as 30 new highs in less than six months in the calendar year 2024; Here's a chart check on the Nifty 50 index.
The Nifty Bank Index is currently trading at 50,440.90. In the near term, the index has reached its resistance level of 50,600
Rajesh Bhosale, Equity Technical Analyst at Angel One, expects the Nifty to move in the this 23,200 - 23,600 range this week.
All you need to know before the stock market opens on Tuesday, June 18: Gift Nifty quoted near about 23,600 levels, indicating a likely 100-point gap-up on the Nifty 50.
As per reports seven stocks are likely to witness a switch from largecap to midcap classification and vice versa; here's what the chart suggests for select five stocks.
Outlook on Nifty smallcap stocks: Delta Corp, Eris Life, Praj and Usha Martin can rally up to 28 per cent, while Symphony may witness a corrective move in the near-term; suggests technical charts.
All you need to know before the stock market opens on Friday: Technical analysts expect Nifty to make a decisive directional move soon. These are the key levels to watch out for on the NSE benchmark.
The MACD - a key momentum oscillator has turned favourable for these 5 Nifty MidCap stocks, with charts indicating a likely upside of up to 15% ahead.
All you need to know before the market opens: Fed keeps rates unchanged, hints at 1 cut in 2024. Financial shares to be in focus on Irdai's mandate to insurers and Moody's concern on credit growth.
Shares of fertiliser companies have rallied up to 15 per cent so far in June following above normal monsoon forecast for India; here are four stocks that look strong on charts.