Page 60 - Trading Strategies

What's behind the rally in PSU stocks, and will the uptrend last?

The S&P BSE PSU index has surged over 26 per cent so far in FY24 as compared to 11 per cent up move in the benchmark S&P BSE Sensex.

Will the Nifty Metal index sustain its upward momentum? Check here

While the Nifty Metal index seems headed towards its crucial resistance zone, select stocks such as Hindalco, Nalco and SAIL still have the potential to rally up to 15 per cent, charts suggest.

Nifty 50: 3 ways in which the index could move, near-term target & more

The expectation is that the Nifty50 index will continue to perform well in the short and medium term, with the potential for reaching new highs

Nifty awaits range breakout; Buy IRCTC, India Glycol: HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says the breadth of the market is very strong as more than 83% of the NSE500 stocks are above their 200-DMAs.

Nifty FMCG, Metal: Guide to plan your trading strategy

According to Ravi Nathani, an independent technical analyst, the Nifty FMCG index seems range-bound, while the Metal index looks bullish.

TV18 Broadcast, TTML, SJVN: 5 stocks under Rs 100 that can rally up to 50%

SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts

Nifty Private Bank index may spurt up to 25,525; Look to buy the dips

According to Ravi Nathani, an independent technical analyst, traders can keep a stop at 22,800 while taking a long position in the Nifty Private Bank index.

Persistent Systems: 4 reasons why a Bull Spread in F&O should work here

Buy Persistent 5100 Call option and simultaneously Sell 5300 Call of the August, recommends Nandish Shah, Sr. derivatives & technical research analyst of HDFC Securities.

Nifty Energy, Commodities: Awaiting directional move

According to Ravi Nathani, an independent technical analyst, the Nifty Energy index is swinging between 26,650 - 26,080 range; whereas the Commodities index is consolidating between 6,340 - 6,150.

Trading guide for Nifty Pharma, Media indices for the near-term

According to Ravi Nathani, an independent technical analyst, the Nifty Pharma and Media indices are likely to consolidate, with the latter likely to trade with a negative bias.

BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark

The Mid-cap index is displaying robust momentum, with price action headed towards 40,000-level.

Buy Tata Communications, India Glycols, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical & derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band.

Nifty IT index looks bullish, can rally up to 7%; FMCG may consolidate

According to Ravi Nathani, an independent technical analyst, the IT index could see a fresh wave of buying enthusiasm on clearing the minor resistance zone of 31,200-31,400.

Nifty Fin Services, Pvt Bank indices may consolidate in this trading band

According to Ravi Nathani, an independent technical analyst, the Nifty Financial Services index is likely to consolidate in a band of 19,650 - 19,425.

Nifty in buy on dips mode; Bank Nifty key support seen at 43,300

According to Ravi Nathani, an independent technical analyst, the the ongoing correction has positioned the Nifty in close proximity to its support levels, at 19,200, 19,150, and 19,080.

VIP Ind, NBCC: 5 small-caps to accumulate despite indices staying fragile

Selective small-cap stocks may rally up to 25 per cent, as per their respective charts

Nifty Media index needs to cross this hurdle to see next leg of rally

The recent rally in the Media index has propelled it closer to the resistance level of 2,300. This resistance level is anticipated to act as a formidable barrier for bullish momentum

Nifty PSU Bank index forms 'lower top, lower bottom' formation on charts

Traders can capitalise by selling the index and its constituents on any intermittent rise

Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%

Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each

Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%

CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.