For Copper sellers to gain upperhand, they must breach the support of 668 levels
Although there are ups and downs in the market cycle, having an in-depth understanding of these phases facilitates the trading behaviour and improves the trader's morale
Another surprise build up in US inventory also helped the crude oil prices pushing down below 4,600 but overall trend still is bullish as there is no reversal pattern on daily chart
ONGC and GSPL have registered a breakout and may surge over 20 per cent in the coming sessions, charts show
So far, the stance of FIIs have been bullish as they ploughed in Rs 25,787 crore in the month of February post the Union Budget for FY22
The middle EMA acts as support/resistance level in Keltner Channel
The stock of Dhani Services is sustaining above important moving averages
The stock price has broken out on the daily chart with higher volumes
From its 3-year lows of 25,639, hit on March 24, 2020 amid the outbreak of Covid-19 pandemic, the benchmark index is now up 96 per cent
The stock of Syngene International is also sustaining above its important moving averages
The stock of HPCL has witnessed a built-up of long positions with the addition of 10 per cent open interest
Britannia has been among the top-performing FMCG counter for the last several years
Nifty Bank has outperformed the benchmarks so far this month. The overall broader structure is hinting at a fresh new high in the January series and as long as it sustains above 31,550 levels
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
Upside target for Nifty is seen at 14,300 odd levels, which happens to be the 138.2 per cent Fibonacci retracement of the downswing seen from 12,430 to 7,511
The recent recovery seems more like a dead cat bounce which could last for some more time but it would be advisable to remain cautious at higher levels. Nifty has got strong resistance at 13,600
A Gap down closing on December 21, 2020 dismantled the upside bias in Tata Steel stock
The momentum indicators and oscillators have turned negative for M&M Financial Services' shares, where MACD has provided fresh sell crossover on the daily chart
The Mukesh Ambani-controlled RIL needs to decisively conquer Rs 2,070 mark to attract fresh buying
One of the key ratios to gauge the valuation of the market is the Market Capitalisation to GDP Ratio, which is around 95 per cent currently - a bubble territory