Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
While the stock of max Financial Services has confirmed a major range breakout above 850-mark, the stock of IRCTC is in oversold zone, says Mehul Kothari of Anand Rathi
According to the technical analyst from Anand Rathi, HDFC Bank is trading near multiple support area, hence the probability of the stock resuming its uptrend is high.
Similar to Aptus Value Housing Finance's stock, ABFRL confirmed a major breakout from the falling trend line formed by joining two prominent swing highs
Latent View Analytics was locked at the 20 per cent upper circuit for the second straight day. The stock has now zoomed 257 per cent from its issue price in just three trading sessions
The rising death toll, slow roll-out of vaccination, and Covid-19 spreading to rural areas may keep the upside in contained in the markets, believe analysts