Benchmark indices, S&P BSE Sensex and NSE's Nifty gained ground on Wednesday, a day after Prime Minister Narendra Modi announced a Rs 20 trillion economic boost for Covid-19 hit economy
RIL, Infosys and Hindustan Unilever - accounted for nearly 51 per cent of the rise in the Sensex, from its 52-week low on March 23
Better the hold on Fibonacci Retracement, Moving Averages and Trednline, the trading bets become more convincing
As the Nifty Bank index shows a negative reversal, the banking stocks are struggling to conquer their respective resistance levels.
HUL looks subdued, however, RIL and Tech Mahindra may see a promising rise towards their respective resistances.
The Morning Star is considered as a positive indicator, whereas Evening Star denotes a negative turnaround.
Both Sensex and Nifty have seen selling pressure around the Fibonacci retracement levels earlier. The Sensex needs to cross 32,000 mark for the up move to sustain, charts suggest
The Nifty IT index may witness a major upward trigger after a strong close above 13,000-mark
Negative convergence may lead to severe selling pressure and the price may stay weak for a month to a year.
Shares of Housing Development Finance Corporation (HDFC) tumbled nearly 3 per cent to Rs 1,655 levels on the BSE on Monday morning before recovering some of the lost ground
Cipla may see profit-booking around Rs 360 to Rs 367 levels, as per the weekly chart.
Despite the stimulus measures by the government and the Reserve Bank of India (RBI), financial sector stocks, including those of non-bank finance companies (NBFCs) have taken a hard knock
A trader who looks for short-term gains, hold positions for a week or fortnight.
Nifty PSU Bank index is showing a consolidation in the range of 1,600 to 1,200 levels. On the other hand, 22,000 mark is crucial for Nifty Bank.
Whenever a stock shows a consolidation pattern, one needs to wait for the breakout.
The reversal may see selling pressure at higher levels. However, the downside significant supports stand still in these corrective moves.
While taking a bigger perspective on the trend, the daily volume chart might not perfectly depict the scenario. The weekly, monthly or year volumes chart facilitate in taking a call on the same
Whenever the Nifty pharma index has dipped below oversold territory on the Relative Strength Index (RSI), it has seen a stable rise.
VIX is meant to indicate investors' perception of the annual market volatility over the next 30 calendar days.
Mindtree will see an upside bias once it breaks out above Rs 920 levels