TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound
The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further
The stock of ICICI Bank has made a good support base near Rs 340 levels and is currently indicating a trend reversal
We might witness weakness only if Nifty breaks level of 10,700
Long build up is seen in the Cadila Futures' where we have seen 6%(Prov) rise in the Open Interest with price moving up by 2%
The idea behind this strategy is to book profit and take a fresh view.
The stock of Divis Labs has witnessed some correction and has showed signs of bottoming out near 2140 levels. The RSI is showing a trend reversal from the oversold zone to signal a buy
Whenever the 'Aroon Up' shows sideways movement, the price is expected to show mild-to-severe correction, but it helps to identify the upcoming change.
Nifty is continuing its uptrend and looks set to achieve 76.4% retracement of the entire fall seen from 12,430 to 7,511.
The stock of Time Technoplast has made a higher bottom formation pattern and is currently picking up momentum
Traders should try to create long position keeping close eye on 10,500, as it might act as crucial support for weekly expiry
The NIFTY index completed its 61.8 per cent Fibonacci retracement of the entire recent fall from the top, which is coming around 10,552 levels.
It would be advisable to protect long positions in the Nifty with 10,200 stoploss. Above 10,410, Nifty could move towards 10,600 odd levels.
An analysis by HDFC Securities shows that adjusted book value (ABV) for banks could fall up to 22 per cent in the worst case scenario, while return on average assets (ROAA) could dip 25-70 bps in FY21
The stock of HDFC Bank has moved past the barrier of 1,050 levels and has come into a new territory with positive bias
Here's a look at what major technical indicators suggest for Nifty Bank and its key constituents and what should be your trading strategy
One can develop his/her own remote model, which should be able to achieve over 80 per cent accuracy.
As per monthly option data, handful of call writing on higher strikes ranging from 10,400 to 10,600 is seen which shows Nifty might witness resistance in sub-zone of 10,500.
The support for Bank Nifty is seen at 21,500, while Nifty has got support at 10,300.
The momentum oscillator MACD has provided buy crossover on the Nifty's hourly chart