According to the technical analyst, traders can employ 'buy-on-dips' strategy for Nifty Private Bank, Nifty PSU Bank, and Nifty Financial Services indices
Despite high volatility in the months of March the Nifty has ended higher in five of the last seven occasions.
According to the technical analyst, the Nifty index exhibits an imminent pullback in the near-term post an oversold disposition
The derivative analyst from HDFC Securities recommends to Buy Glenmark Pharma 440 CALL at Rs 7 & simultaneously sell 450 CALL at Rs 4 of March series
According to the technical analyst, he remains bullish on Nifty Pharma, and Nifty Oil & Gas indices
If the Bank Nifty breaks support at 38,780, the index could slide all-the-way to 37,875 level.
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation
According to the technical analyst, charts suggest rapid technical bounce for the Nifty Auto index, wherein traders can anticipate a price recovery
The near term bias for MCX Gold April futures is likely to remain bullish as long as the commodity sustains above Rs 57,100.
Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.
The technical analyst sees 17,315 as a critical support level for the near term.
Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts
According to the technical analyst, traders must adopt 'sell-on-rise' strategy for Nifty Pharma, Nifty Energy, and Nifty Midcap 100 indices
According to the technical analyst, the Nifty FMCG index presents a promising opportunity for traders to capitalise on the current bullish trend
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
According to technical analyst, the Nifty Private Bank index exhibits a bullish trend in the near term, but traders must exercise caution and wait for decisive breakout before taking any new position
Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts
Auto index trades with a sluggish bias, may lose grip if falls below its 200-DMA
According to the technical analyst, the Nifty Consumption index is likely to witness a pullback, and the support range of 7,036 - 6,980 is likely to provide a base for a technical bounce
if the Bank index succeeds to close over 41,000 mark, which is right above its 21-DMA, the short-term upside may poised to rally towards 42,000 level,