The stock of HUL indicates a positive trend reversal on technical charts
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
Nifty50 can witness profit booking only if it breaks level of 14,500
We're seeing consistent buying interest in the pharma pack and Lupin is also catching up with the other pharma majors
The Nifty50 has recovered more than 62 per cent of the entire fall which was registered from 14,653 to 14,222
Bajaj Finance stock earlier formed a "double top" formation and, since then, has been witnessing a continuous fall
They must also maximise the utilisation of the higher deductions available to them
The chart looks attractive for further upside movement in SPARC with the RSI indicator also showing a trend reversal
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
Immediate resistance for the Nifty is seen at 14,890
The volume in Colgate Palmolive stock was higher than average on January 11 which supports the price action and we can expect the upside momentum to continue
Technical charts indicate a trend reversal in Can Fin Homes and Schneider Electric stocks with potential to rise further in the coming days
We can witness profit booking only if Nifty breaks level of 14,000. Therefore, traders should try to create long position keeping close eye on 14,000
For 2021, in keeping with the law of mean reversion, analysts have modest return expectations from last year's outperformers
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
The momentum indicators and oscillators in GAIL (India) stock are in the buy mode on the weekly scales
The stock of Bharat Forge is currently indicating a momentum pick up to improve the bias with a trend reversal
According to analysts, market rally in the new calendar year may not be as sharp as seen in recent months as the markets are currently pricing in a lot of positives